Mortgage Today 09/17/24 – Fed Rate Cut Speculation, Retail Sales Rise & Home Prices Climb!
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Mortgage Today 09/16/24: 50bp Fed Rate Cut Speculation Rises, Housing Data in Focus
UMBS were up 5 bps early in trading this Monday. Stock futures down 2. Bonds were moderately stronger in the overnight session without any excitement in terms of data or headlines apart from [...]
Mortgage Today 09/06/24: Weak Payrolls Fuel Fed Cut Speculation, Waller’s Dovish Stance Boosts Bonds
Please Pretend that you are an editor for a financial website like CNBC.com , seekingalpha.com, Barry Habib, Motley Fool.com, MBShighway.com , or MBSlive.com. Write a brief, 10 sentence, and engaging summary, no longer [...]
Mortgage Today 09/04/24: Nvidia Antitrust Probe, Slowing Construction, and Fed Rate Cut Expectations
Wednesday - September 4, 2024 UMBS are up 3 bp in early trading. S&P futures are down 20.5 points. Stocks are lower this morning after Nvidia announced the Department of Justice is conducting [...]
Mortgage Today 09/03/24: Mixed ISM Data, Fed Rate Cut Speculation, and Cautious Homebuyers
Tuesday - September 3, 2024 Markets recomputing after a holiday weekend. UMBS were up 15 bps in the first hour of trading. Stock futures are down 29 points The 10am ISM Manufacturing report [...]
Mortgage Today 08/29/24: Jobless Claims, GDP Surprise, and Rising Home Build Times
Thursday - August 29, 2024 Mortgage backed securities were down 6 bps in the first hour of trading today. Stock futures up 15 points The key number on Thursday morning's continues to be [...]
Mortgage Today 08/28/24: Consumer Confidence Rises, Powell Hints at Lower Fed Rate Cuts Ahead
UMBS opened flat on the morning. S&P futures down 5.25 points. US equity futures edged lower ahead of a key earnings release from Nvidia Corp., the $3 trillion stock at the forefront of [...]