report
Highest Rates in Months Despite Weak Jobs Report
It goes by many names: The Employment Situation, Nonfarm Payrolls (NFP), or simply “the jobs report.” No matter what you call it, the Labor Department’s massive collection of employment statistics is one of the most important events for the bond market every month. For a quick reminder as to why mortgage rates care about the […]
MBS RECAP: Highest Yields in Months. Could Jobs Report Make it Worse?
Posted To: MBS Commentary Highest Yields in Months. Could Jobs Report Make it Worse? After a somewhat hopeful bounce in yesterday's trading session, and a decent overnight session, Thursday ended up being a bad day. With the jobs report on deck tomorrow, could things get even worse? That's always a possibility, but it wouldn't necessarily […]
Q&A Corner: 2021 Real Estate in a Digital Age report
Matt Christopherson, one of the lead authors of Real Estate in a Digital Age, talks about how to use the report, data insights, and the survey results he found most interesting. www.nar.realtor – Research
NAR Report Finds LGBTQ Buyers Purchasing Older, Smaller Homes Than Other Americans
LGBTQ Buyers Purchasing Older, Smaller Homes Homes bought by LGBTQ buyers were 170 square feet smaller and 15 years older, typically, than those purchased by non-LGBTQ buyers. Media Contact: Spencer High 202-383-1051 Working With Buyers, Working With Sellers
Forbearances Tumble; Mortgage Profits Break 2008’s Record; Locking/Floating After Jobs Report
The number of loans in forbearance declined sharply over the course of the past week. Black Knight said the number of homeowners exiting their plans jumped to the highest level in four weeks due to end-of-May expirations. There were also noticeable declines in the number of borrowers returning to the program as well as new […]
Bonds Move to Sidelines Ahead of Jobs Report; Rate Volatility Risks; Census Bureau on Home Features
Mortgage rates were higher again today with multiple lenders making additional upward adjustments in the middle of the day in response to bond market volatility. The prices/yields of certain bonds are the primary building blocks for lenders as they determine where to set mortgage rates every day. Bonds respond to a variety of inputs, with […]
MBS RECAP: Huge Jobs Report, Logical Weakness, and a Nice Bounce, But…
Posted To: MBS Commentary Huge Jobs Report, Logical Weakness, and a Nice Bounce, But… Bonds did quite well today considering Powell's endorsement of higher rates (yesterday) combined with this morning's significantly stronger jobs report. Most of the push back was seen in MBS, however, and even then, closing levels are only really worthy of enthusiasm […]
Expirations Help Forbearance Numbers; Rates Under Pressure Despite Weak Jobs Report
Economic data is traditionally one of the key contributors to interest rate movement. Of the regularly-scheduled reports, none has more market-moving street cred than The Employment Situation–otherwise known as “the jobs report” or simply NFP (due to its headline component: Non-Farm Payrolls). The relationship between econ data and rates can wax and wane. Covid definitely […]
Mortgage Rates Well-Protected From Jobs Report Volatility
Posted To: Mortgage Rate Watch Tomorrow brings the month’s most important economic report: the Employment Situation, often referred to simply as “the jobs report.” No other piece of economic data has remotely the same track record of inspiring movement in the bond market (which, in turn, inspires movement in interest rates). But not all interest […]
October 2020 NAR SentriLock Home Showings Report
The new October 2020 NAR SentriLock Home Showings Report indicates that there was a slight decrease in nationwide foot traffic on a month-over-month basis, but showings activity remain at elevated levels with respect to year-over-year activity. www.nar.realtor – Research