RECENT BLOG POSTS
Favorable Fed Meeting Investors liked what the Fed said, or didn't say, following Wednesday's meeting. Both stocks and bonds reacted favorably. The economic data had little impact. As a result, mortgage rates ended the week lower.  As expected by most investors, the Fed did not raise the federal ...
09/24/2016
Mixed Messages from Fed The economic data had little impact on mortgage rates over the past week. Mixed messages from the Fed caused some movement. For the week, mortgage rates ended just slightly higher. Mortgage rates responded to comments from several Fed officials, creating some volatility du...
08/19/2016
The most significant economic report released over the past week, retail sales, fell far short of expectations, which was good for mortgage rates. A decline in bond yields overseas also helped, and mortgage rates ended the week lower.   On the heals of a much stronger than expected July jobs repo...
08/13/2016
Thursday's European Central Bank (ECB) meeting was viewed as negative for U.S. mortgage rates. The economic data released this week had little impact. As a result, mortgage rates ended the week a little higher. Some investors were disappointed by Thursday's decision by the ECB to make no change i...
07/22/2016
 With long-term bond yields at or near record low levels following the Brexit vote on June 23, investors decided this week that stocks had become relatively more attractive than bonds. Investors shifted assets from bonds to stocks, pushing the Dow to a record high, and mortgage-backed securities ...
07/15/2016
 Feds Continue to Prime The Pump With Accomodative Economic PolicyOver the past week, investors continued to seek the safety of U.S. bonds in the wake of the British vote to exit the European Union. This added demand offset stronger than expected U.S. economic data, and mortgage rates ended the w...
07/08/2016
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06/22/2016
New Poll Supports UK Exit While the economic data released over the past week had little impact, an unexpected development in Europe caused a reaction. Investor expectations for the UK to vote to leave the European Union increased. This was viewed as positive for mortgage rates, and they ended t...
06/01/2016
Huge Home Buying Activity Despite stronger than expected housing data and a nice rally in the stock market, investors showed significant demand for bonds, including mortgage backed securities (MBS). As a result, prices for MBS improved, causing mortgage rates to end the week a little lower. The h...
05/28/2016
Shift in Outlook for Fed Policy Stronger than expected economic data and a shift in expectations for Fed policy were negative for mortgage rates over the past week. As a result, mortgage rates ended the week higher. Speeches made by Fed officials during the first part of the week alerted investor...
05/21/2016
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