Mortgage News

The Markets in a Minute - October 7

For the Week Ending October 7, 2016  Please enjoy this quick update on what happened this week in the housing and financial markets.  Recently released data shows U.S. manufacturing is up, with increased orders and production. Signaling economic improvement, this could pressure rates. The labor market shows no signs of slowing down as jobless claims were at a near 43-year low. Strong employment could also contribute to higher rates. Concerns Europe might taper economic stimulus are having global effects. The news pressures bonds both here and overseas, which cou...

October 7th, 2016 The Markets in a Minute - October 7

The Markets in a Minute - September 30

 For the Week Ending September 30, 2016 Please enjoy this quick update on what happened this week in the housing and financial markets.  Signaling an improving economy, 2nd quarter gross domestic product expanded at a 1.4% rate. The Fed will consider this when making policy rate decisions. The labor market also is continuing to show strength. Jobless claims rose slightly, but less than expected, and remained below the 300,000 mark for the 82nd time. In testimony to Congress this week, Fed Chair Janet Yellen said a Fed increase to policy rates is still likely for t...

September 30th, 2016 The Markets in a Minute - September 30

The Markets in a Minute - September 23

For the Week Ending September 23, 2016  Please enjoy this quick update on what happened this week in the housing and financial markets.  The Fed voted not to raise policy rates at this week's meeting, but did leave the door open for a hike before the end of the year. Odds currently favor December. Stocks rallied on the news, hitting new highs. Bonds also improved, which is supportive of lower mortgage rates or better loan pricing. The labor market remains strong, with jobless claims dropping to a two-month low. A strong labor market could play into the Fed&#...

September 23rd, 2016 The Markets in a Minute - September 23

The Markets in a Minute - September 16

For the Week Ending September 16, 2016 Please enjoy this quick update on what happened this week in the housing and financial markets.  Opinions vary on the likelihood of a Fed policy rate increase at next week's meeting. Markets are volatile as traders prepare for what they think will happen. Central bank economic stimulus overseas has been helping U.S. bond yields remain low but is now waning. Higher bond yields could cause mortgage rates to increase. A strong jobs report and firming inflation pressured rates and fueled volatility this week. On the flip side, ret...

September 16th, 2016 The Markets in a Minute - September 16

The Markets in a Minute - September 9

For the Week Ending September 9, 2016 Please enjoy this quick update on what happened this week in the housing and financial markets.  Weak manufacturing reports pushed odds of a September Fed rate hike to a 3-week low. Previously, economists had put the probability of a hike near 55%.  Although a September hike is no longer considered likely, polls say the Fed may act in December. Expect the Fed to monitor economic data to make a decision. The labor market remains strong, with jobless claims decreasing to the lowest level since July. A strong labor market is supp...

September 9th, 2016 The Markets in a Minute - September 9

The Markets in a Minute - September 2

For the Week Ending September 2, 2016 Please enjoy this quick update on what happened this week in the housing and financial markets.  Consumers appear optimistic about the near term economic outlook, personal finance and jobs. Confidence readings rose to the highest level in nearly a year.  This week's jobs report could be a factor in the Fed's decision on when to raise policy rates. The Fed's next meeting to discuss rates is September 20-21. Fed Chair Janet Yellen made comments that the case for a rate increase has strengthened recently. It's pos...

September 2nd, 2016 The Markets in a Minute - September 2