Mortgage News

The Markets In A Minute - July 8

For the Week Ending July 8, 2016  Please enjoy this quick update on what happened this week in the housing and financial markets.  U.S. stock markets have fully recovered after huge losses following Britain's vote to leave the EU. Markets don't believe a Fed rate increase is possible this year. Fed minutes from last month's FOMC meeting show the Fed was concerned about a possible Brexit. Global turmoil means the Fed is unlikely to raise rates. A strong labor market is supporting the housing market. This week there was an increase in private payrolls ...

July 8th, 2016 The Markets In A Minute - July 8

The Markets In A Minute - July 1

For the Week Ending July 1, 2016  [$RECIPIENT NICKNAME$], Please enjoy this quick update on what happened this week in the housing and financial markets.  Britain's vote to leave the European Union (Brexit) continued to shock markets. Traders seeking safety placed money into U.S. bonds, contributing to lower rates. Although indications point to the economy gaining momentum in Q2, global events could make Q3 growth unlikely. A slowing economy would support lower rates. Expectations of a Fed rate increase have disappeared, and traders are now talking abou...

July 1st, 2016 The Markets In A Minute - July 1

The Markets In A Minute - June 24

For the Week Ending June 24, 2016  Please enjoy this quick update on what happened this week in the housing and financial markets.  Stocks have rallied globally this week in anticipation of Britain staying in the EU. However, actual results of Britain's referendum will not be known until Friday.  The Fed has been cautious to increase rates due to a possible "Brexit" and hiring slowdown. However, at a 42-year low, jobless claims this week showed strength. As stocks rally and traders no longer seek safety in bonds, mortgage bond pricing could su...

June 24th, 2016 The Markets In A Minute - June 24

The Markets In A Minute - June 17

For the Week Ending June 17, 2016  Please enjoy this quick update on what happened this week in the housing and financial markets.  Policy rates remain unchanged after the Fed's June meeting. The odds of two rate hikes in 2016 have fallen, with six members anticipating only one.  A July increase may hinge on a strong monthly jobs report. The current four-week average for jobless claims is strong, supporting a possible change.  Britain's voters will decide whether to exit the EU on June 23. Expected volatility ...

June 17th, 2016 The Markets In A Minute - June 17

The Markets In A Minute - June 10

For the Week Ending June 10, 2016  Please enjoy this quick update on what happened this week in the housing and financial markets.  Economists judge the likelihood of a Fed policy rate increase at next week's meeting to be about 4%. Mortgage rates may benefit if the Fed fails to take action.  Wholesale inventories had their largest increase in 10 months. Rising inventories suggest a boost to economic growth and could contribute to higher rates.  Although last week's non-farm payrolls data was weak, jobless claims continued to fall. Overall sign...

June 10th, 2016 The Markets In A Minute - June 10