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Real Estate News |
Bonds Manage to Hold Gains Despite Risk Recovery
Fri, 24 Mar 2023 20:40:40 GMT
Bonds Manage to Hold Gains Despite Risk Recovery Everything has been driven by the "risk-on, risk-off" movements relating to the banking sector over the past 2 weeks. The only brief exception was on Fed day..[read more]
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Back to "Zero Days" Without a Systemic Banking Contagion Flare-Up
Fri, 24 Mar 2023 14:07:54 GMT
The old sign on the trading floor that proudly boasted we had gone 2 days without a systemic banking flare-up (as of yesterday) has been reset to "0," sort of... While there's not as much of an issue as something like Silicon Valley's failure, ..[read more]
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MSR Financing, Marketing, Appraisal, DPA Products; Fannie, Freddie Changes; EU Central Bank News
Fri, 24 Mar 2023 13:49:48 GMT
"I got stuck in a conversation with some wealthy people and one woman asked me how my investments were doing. I replied that both avocadoes should be ripe by tomorrow.' Food prices are an everyday reminder of inflation on the spending side of the equ..[read more]
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Mortgage Rates Inch Down to Lowest Levels Since Early February
Thu, 23 Mar 2023 20:21:29 GMT
Over the course of the past two days, the average conforming 30yr fixed rate has moved down to the lowest levels since early February for most lenders. In nuts and bolts terms, that's a drop of more than half a percent. Yesterday accounted for..[read more]
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Bonds Improve on Late Day Risk Aversion; Thoughts on Liquidity
Thu, 23 Mar 2023 19:56:46 GMT
Bonds Improve on Late Day Risk Aversion; Thoughts on Liquidity Bonds began the day in slightly weaker territory, but eventually turned green with help from a flight-to-safety in Europe. A few hours later, U..[read more]
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Now It's a Waiting Game
Thu, 23 Mar 2023 16:11:56 GMT
The Fed cleared a lot up for the market yesterday by confirming that inflation still matters, but that systemic banking problems also matter. Powell pointed to the latter being like a free rate hike--i.e. something that helps deliver a tighteni..[read more]
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New Home Sales Rose Slightly After Revisions Erased January's Surge
Thu, 23 Mar 2023 16:08:13 GMT
New home sales surprised everyone in January, surging by 7.5 percent to 670,000 units, the highest rate since March 2022. It was, however, only an illusion. That number has now been revised down to 633,000. The more modest number ' which ..[read more]
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QC, Marketing and Sales, Credit/Profitability Products; Tax and Credit Info for Disaster Areas
Thu, 23 Mar 2023 13:53:43 GMT
Things are always changing. No bagpipe player I saw growing up looked, or played, like this. The MBA's forecast for 2023 volumes changed, and here's the latest by the MBA on 2023's originations: $1.8 trillion. Technology is always changing. No, this ..[read more]
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Fed Hikes Rates; Rates Drop Sharply. Here's How That Works
Wed, 22 Mar 2023 21:05:08 GMT
There was some debate as to whether or not the Federal Reserve would hike the Fed Funds Rate today, although the consensus was for a 0.25% increase. That's exactly what the Fed delivered. Additionally, markets were (and still are) betting..[read more]
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Why Bonds Are Rallying Despite a Fed Hike and a Stubborn Dot Plot
Wed, 22 Mar 2023 20:55:10 GMT
Why Bonds Are Rallying Despite a Fed Hike and a Stubborn Dot Plot Today promised to be one of the most interesting Fed days in a long time and it did not disappoint. Despite a 25bp rate hike and an even wor..[read more]
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