Mortgage Rates Slip Slightly Despite Dizzying Week For Markets
Developments in trade discussions between the U.S. and China again took center stage this week, eventually pushing bond yields to multi-year lows after a dizzying stretch of sharp inclines and declines.
Trade Battle Sinks Mortgage Rates
Rates fell sharply after the U.S. and China each took steps to escalate their months-long dispute.
Mortgage Rates Due to Slide After Fed Guidance Catches Market Off Guard
Despite strong economic releases, unexpectedly weak home construction data and concerns about international trade relations tempered mortgage rate increases over the past seven days.
Rates Hold Breath for Much-Anticipated Fed Meeting
The next FOMC meeting has loomed large for weeks now, and many view a 25-basis point cut to the federal funds rate as a foregone conclusion.
June New Home Sales: All About the Revisions
Despite a positive headline figure, June's new home sales are a wake-up call for a sector that enjoyed an otherwise solid start to 2019.
June Existing Home Sales: Disappointing, But Not Surprising
After a good May and a recent rebound in pending sales, June’s lackluster existing home sales data is certainly disappointing – but not entirely surprising.
Strong Jobs Report Bumps Rates Higher – For Now
Despite strong economic releases, unexpectedly weak home construction data and concerns about international trade relations tempered mortgage rate increases over the past seven days.
June Housing Starts: Still Sluggish
A sluggish first half of 2019 indicates that builders have so far not been as willing or able to put up as many new homes as the strong economy and milder summer weather might otherwise suggest.
Strong Jobs Report Bumps Rates Higher – For Now
Mortgage rates rose this week following a stronger-than-expected jobs report, but are expected to come back down after Federal Reserve Chairman Jerome Powell testified that a near-term cut to the federal funds rate remains likely.
