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  • Tue, Jun 21 2016
  • 8:01 AM » Soros warns of Brexit 'Black Friday'
    Published Tue, Jun 21 2016 8:01 AM by CNBC
    A Brexit would trigger a sell-off in the pound and a decline in household income, according to the billionaire investor.
  • 7:59 AM » Don't blame lack of good homes for all housing's woes
    Published Tue, Jun 21 2016 7:59 AM by CNBC
    The strain on housing supply has put strong upward pressure on home prices in most markets, but apparently not all markets, says Trulia.
  • 7:54 AM » Moneyism: Why a 30-year home mortgage may leave you house poor
    Published Tue, Jun 21 2016 7:54 AM by Market Watch
    Your first instinct to finance a house purchase isn't always right, says Philip van Doorn.
  • 7:54 AM » Tuesday: Fed Chair Yellen
    Published Tue, Jun 21 2016 7:54 AM by Calculated Risk Blog
    From Kate Davidson at the WSJ: What to Watch for in Janet Yellen's Congressional Testimony Central bank watchers will hear from the Fed chief for the fourth time in as many weeks on Tuesday when she appears before the Senate Banking Committee for her semiannual monetary policy testimony. Ms. Yellen will return to the Hill on Wednesday for round two before the House Financial Services Committee. The timing of these so-called Humphrey-Hawkins hearings is of note. They come just days after the Fed's latest policy meeting and before a U.K. referendum on whether to the leave the European Union. They also are the last scheduled chance lawmakers ... will have to publicly question the Fed chief before voters head to the polls in November. Tuesday: • At 10:00 AM ET, Testimony, Fed Chair Janet Yellen , Semiannual Monetary Policy Report to the Congress , Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C. From Matthew Graham at Mortgage News Daily: Mortgage Rates Continue Higher to Begin Volatile Week Mortgage rates continued higher today, and at a quicker pace than the modest increase seen at the end of last week. Financial markets are undergoing a change of heart regarding their approach to Brexit (market shorthand for a "British exit" from the European Union). Brexit fears had helped drive interest rates to long-term lows in the US and to all-time lows in Europe. ... The bonds that underlie mortgage rates are somewhat more insulated from this global market drama, but were still noticeably affected (meaning rates moved higher). The most prevalent conventional 30yr fixed rate quotes are now back into a relatively balanced range between 3.5% and 3.625% on top tier scenarios . emphasis added
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • Mon, Jun 20 2016
  • 4:03 PM » Yellen's Got Data on Her Side If Congress Quizzes on the Economy
    Published Mon, Jun 20 2016 4:03 PM by Bloomberg
    Bloomberg Yellen's Got Data on Her Side If Congress Quizzes on the Economy Bloomberg In an election year when dissatisfaction about the economy has been at the heart of presidential campaigns, Federal Reserve Chair Janet Yellen will probably face a grilling about the shortcomings of monetary policy when she testifies before Senate and ... and more »
  • 1:55 PM » Rich People Are Buying Secret Luxury Apartments for the Help
    Published Mon, Jun 20 2016 1:55 PM by www.realtor.com
    Rich homeowners are buying second homes for their staff-butlers, nannies, and personal assistants. The post Rich People Are Buying Secret Luxury Apartments for the Help appeared first on Real Estate News and Advice - realtor.com .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 1:54 PM » Too-tough capital rules may stifle U.S. lending: Fed's Kashkari
    Published Mon, Jun 20 2016 1:54 PM by Reuters
    WASHINGTON (Reuters) - Regulators may hurt the economy and push borrowers toward non-bank lenders if they set too-high capital standards for Wall Street, Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said on Monday.
  • 1:54 PM » The ‘Brexit' Campaign: A Cheat Sheet
    Published Mon, Jun 20 2016 1:54 PM by The Atlantic
    <p><small><em>Updated on June 20 26 at 1:22 p.m. ET</em></small></p><p>British voters will decide this week whether their country should remain in the European Union, the 28-country political and economic bloc that represents Europe's most ambitious post-World War II experiment as well as one of the world's largest economies. The intensity of debate is clear in recent remarks from U.K. politicians on opposing sides of the debate, who have invoked not only that exemplar of high-intensity rhetoric, <a href="http://www.telegraph.co.uk/news/2016/05/14/boris-johnson-the-eu-wants-a-superstate-just-as-hitler-did/">Hitler</a> (on behalf of the "leave" side), but his murderous, present-day ideological descendant, ISIS "caliph" <a href="http://www.telegraph.co.uk/news/2016/05/17/eu-referendum-boris-johnson-loch-ness-monster-brexit/">Abu Bakr al-Baghdadi</a> (in defense of staying).</p><p>There have been <a href="http://www.bbc.co.uk/news/business-36273448">dire warnings</a> about the consequences, economic and otherwise, of leaving the EU, <a href="http://www.express.co.uk/news/uk/668401/Jean-Claude-Juncker-Brexit-EU-referendum-European-Union-Brussels">pleas for the U.K. to remain</a>, and <a href="http://blogs.spectator.co.uk/2016/02/michael-gove-why-im-backing-leave/">impassioned arguments</a> as well as <a href="http://www.telegraph.co.uk/business/2016/04/29/eu-red-tape-is-suffocating-uk-economy-and-brexit-can-set-us-free/">practical ones</a> for it to get out. But what exactly is at issue and who is saying what? What follows is an updating guide to the state of the debate ahead of the June 23 vote...
  • 1:53 PM » Phoenix Real Estate in May: Sales up 6%, Inventory up YoY
    Published Mon, Jun 20 2016 1:53 PM by Calculated Risk Blog
    This is a key distressed market to follow since Phoenix saw a large bubble / bust followed by strong investor buying. Inventory was up 5.5% year-over-year in May.  This is the third consecutive months with a YoY increase in inventory, following fifteen consecutive months of YoY declines in Phoenix.  This could be a significant change. The Arizona Regional Multiple Listing Service (ARMLS) reports (table below): 1) Overall sales in May were up 6.4% year-over-year. 2) Cash Sales (frequently investors) were down to 21.8% of total sales. 3) Active inventory is now up 5.5% year-over-year.   More inventory (a theme in 2014) - and less investor buying - suggested price increases would slow sharply in 2014.  And prices increases did slow in 2014, only increasing 2.4% according to Case-Shiller. In 2015, with falling inventory, prices increased a little faster -  Prices were up 6.3% in 2015 according to Case-Shiller. Now inventory is increasing a little again, and - if this trend continues in Phoenix - price increases will probably slow. May Residential Sales and Inventory, Greater Phoenix Area, ARMLS Sales YoY Change Sales Cash Sales Percent Cash Inventory YoY Change Inventory May-08 5,637 1 --- 1,062 18.8% 54,161 1 --- May-09 9,284 64.7% 3,592 38.7% 39,902 -26.3% May-10 9,067 -2.3% 3,341 36.8% 41,326 3.6% May-11 9,811 8.2% 4,523 46.1% 31,661 -23.4% May-12 8,445 13.5% 3,907 46.3% 20,162 -36.3% May-13 9,440 11.8% 3,669 38.9% 19,734 -2.1% May-14 7,442 -21.2% 2,193 29.5% 29,091 47.4% May-15 8,293 11.4% 1,988 24.0% 24,616 -15.4% May-16 8,820 6.4% 1,931 21.9% 25,980 5.5% 1 May 2008 does not include manufactured homes, ~100 more
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 11:02 AM » CFPB takes another challenge to its jurisdiction to court
    Published Mon, Jun 20 2016 11:02 AM by www.cfpbmonitor.com
    Sarah T. Reise The CFPB filed suit against J.G. Wentworth, LLC on June 7, 2016 after the company challenged the Bureau's expansive view of its jurisdiction. The CFPB served a CID against J.G. Wentworth, LLC on September 11, 2015 to investigate alleged violations of consumer protection laws. J.G. Wentworth purchases structured settlements and annuities from consumers for lump sums. J.G.... More >
    Click Here to Read the Full Article

    Source: www.cfpbmonitor.com
  • 10:44 AM » Pimco Says 'Storm Is Brewing' in U.S. Commercial Real Estate
    Published Mon, Jun 20 2016 10:44 AM by Bloomberg
    Bloomberg Pimco Says 'Storm Is Brewing' in U.S. Commercial Real Estate Bloomberg U.S. commercial real estate prices may fall as much as 5 percent in the next 12 months amid tightened regulations, a wall of debt maturities and property sales by publicly traded landlords, Pacific Investment Management Co. said in a report Monday. A ...
  • 10:43 AM » Economic Growth Outlook Holds Steady for 2016 | Fannie ...
    Published Mon, Jun 20 2016 10:43 AM by Fannie Mae
    Fannie Mae's Economic & Strategic Research (ESR) Group's full-year economic growth forecast remains unchanged in June from the prior forecast of ...
  • 8:43 AM » Fink: 'Still nervous" about Brexit
    Published Mon, Jun 20 2016 8:43 AM by CNBC
    Either way the vote goes, BlackRock chief Larry Fink tells CNBC Britain needs to focus on the anger among voters.
  • 8:41 AM » US Treasurys down ahead of Yellen, Brexit vote
    Published Mon, Jun 20 2016 8:41 AM by CNBC
    U.S. sovereign bond prices were lower Monday as investors awaited testimony from Janet Yellen and tread lightly ahead of Britain's EU referendum.
  • 8:40 AM » Freddie Mac Reaches $650 Billion Credit Risk Transfer Milestone
    Published Mon, Jun 20 2016 8:40 AM by freddiemac.mwnewsroom.com
    Freddie Mac Reaches $650 Billion Credit Risk Transfer Milestone
    Click Here to Read the Full Article

    Source: freddiemac.mwnewsroom.com
  • Fri, Jun 17 2016
  • 3:23 PM » Ex-Countrywide CEO Mozilo to not face U.S. fraud case: source
    Published Fri, Jun 17 2016 3:23 PM by Reuters
    NEW YORK (Reuters) - Former Countrywide Financial Corp CEO Angelo Mozilo will not face a U.S. Justice Department lawsuit for defrauding investors in mortgage-backed securities issued before the 2008 financial crisis, a person familiar with the matter said on Friday.
  • 12:00 PM » The Fed's dismal economic message
    Published Fri, Jun 17 2016 12:00 PM by CNBC
    At the crux of St. Louis Fed announcement that it is changing its method of forecasting was a dismal acknowledgement.
  • 10:43 AM » BLS: Unemployment Rates stable in 41 states in May
    Published Fri, Jun 17 2016 10:43 AM by Calculated Risk Blog
    From the BLS: Regional and State Employment and Unemployment Summary Unemployment rates were significantly higher in May in 5 states, lower in 4 states and the District of Columbia, and stable in 41 states , the U.S. Bureau of Labor Statistics reported today. ... South Dakota and New Hampshire had the lowest jobless rates in May, 2.5 percent and 2.7 percent, respectively. The rate in Arkansas (3.8 percent) set a new series low. (All region, division, and state series begin in 1976.) Alaska had the highest unemployment rate, 6.7 percent. emphasis added Click on graph for larger image. This graph shows the current unemployment rate for each state (red), and the max during the recession (blue). All states are well below the maximum unemployment rate for the recession. The size of the blue bar indicates the amount of improvement.   The yellow squares are the lowest unemployment rate per state since 1976. The states are ranked by the highest current unemployment rate. Alaska, at 6.7%, had the highest state unemployment rate. The second graph shows the number of states (and D.C.) with unemployment rates at or above certain levels since January 2006. At the worst of the employment recession, there were 11 states with an unemployment rate at or above 11% (red). Currently no state has an unemployment rate at or above 7% (light blue); Only seven states and D.C are at or above 6% (dark blue).
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 9:51 AM » Fed's Bullard Solves Mystery of the Missing Dot
    Published Fri, Jun 17 2016 9:51 AM by Bloomberg
    Bloomberg Fed's Bullard Solves Mystery of the Missing Dot Bloomberg St. Louis Federal Reserve President James Bullard owned up to being responsible for a missing contribution to the Federal Reserve's "dot plot" from this week's meeting. Bloomberg's Michael McKee reports on "Bloomberg ‹GO›." (Source: Bloomberg) ... and more »
  • 9:00 AM » U.S. housing starts dip, permits maintain gains
    Published Fri, Jun 17 2016 9:00 AM by Reuters
    WASHINGTON - U.S. housing starts slipped in May as the construction of multi-family housing units dropped, but further gains in building permits suggested a
  • 8:17 AM » Boomers Are Making Sure the Divorces Keep Coming
    Published Fri, Jun 17 2016 8:17 AM by Bloomberg
    Bloomberg Boomers Are Making Sure the Divorces Keep Coming Bloomberg Millennials, enjoy your nuptials as the summer wedding season hits its stride. Back home, your folks may be hiring divorce lawyers. The statistic that half of all marriages fail, long whispered by wedding guests and worried over by reluctant brides and ...
  • 8:17 AM » San Francisco's Housing Mania May Finally Have Reached Its Limit
    Published Fri, Jun 17 2016 8:17 AM by Bloomberg
    Bloomberg San Francisco's Housing Mania May Finally Have Reached Its Limit Bloomberg After four years of crammed open houses, heated competition and dizzying price gains that sent the median cost of a home to $1.2 million, San Francisco's real estate market is starting to lose steam. The inventory of luxury homes is at a record high. A ...
  • 8:08 AM » Fannie Mae DC Workplace Relocation ? Frequently Asked ...
    Published Fri, Jun 17 2016 8:08 AM by Fannie Mae
    June 16, 2016. Fannie Mae DC Workplace Relocation Frequently Asked Questions. Pete Bakel. 202-752-2034. Q. Why is Fannie Mae moving? ...
  • Thu, Jun 16 2016
  • 3:55 PM » Bond Traders Seek Greater Fools as Global Yields Extend Plunge
    Published Thu, Jun 16 2016 3:55 PM by Bloomberg
    Bloomberg Bond Traders Seek Greater Fools as Global Yields Extend Plunge Bloomberg To make money in today's bond market, keep finding the greater fool. That's the strategy driving traders to bid up global sovereign debt even as yields fall to record lows and as over $8 trillion of government securities yield less than zero. Investors ... and more »
  • 3:55 PM » House bill introduced to impose consumer complaints requirements on CFPB
    Published Thu, Jun 16 2016 3:55 PM by www.cfpbmonitor.com
    Barbara S. Mishkin Republican Congressman Matt Salmon has introduced a bill, the “CFPB Data Accountability Act ” (H.R. 5413), which would impose requirements on how the CFPB handles consumer complaints. The requirements include the following: (1) consumer complaint information could only be presented on the CFPB’s Web site in an aggregated format, (2) complaint information included in such aggregated... More >
    Click Here to Read the Full Article

    Source: www.cfpbmonitor.com
  • 3:54 PM » Lawler: Single-Family Home Production in 2015: Small Number, Big Homes
    Published Thu, Jun 16 2016 3:54 PM by Calculated Risk Blog
    From housing economist Tom Lawler: Single-Family Home Production in 2015: Small Number, Big Homes At the beginning of June the Census Bureau released its annual report for 2015 on the characteristics of new privately-owned residential structures, including but not limited to square footage, number of bedrooms and bathrooms, type of wall material, and sales prices. In terms of single-family homes completed last year, one of the more striking aspects of the report was the incredibly small number of modestly-sized single-family homes completed last year. Below is a summary of homes completed from 1999 to 2015 by square-footage ranges. Of the estimated 648,000 single-family homes completed last year, just 136,000, or 21%, were homes with square footage of less than 1,800. The number of "moderately-sized" single-family homes completed in 2015 was little changed 2011, when overall single-family home completions hit at a "record" low. In sharp contrast, the number of homes with 3,000 or more square feet of floor area last year was up 76% from 2011's level. Single-Family Homes Completed by Square Footage   Number of houses (in thousands) by square feet Year Total Under 1,400 1,400 to 1,799 1,800 to 2,399 2,400 to 2,999 3,000 to 3,999 4,000 or more 1999 1,270 197 276 370 211 157 59 2000 1,242 178 268 363 208 158 66 2001 1,256 167 261 359 222 172 75 2002 1,325 172 283 375 240 180 76 2003 1,386 179 279 401 251 199 77 2004 1,532 186 311 433 291 219 92 2005 1,636 165 317 467 306 262 119 2006 1,654 164 312 452 326 263 137 2007 1,218 120 220 335 227 202 115 2008 819 104 146 219 138 127 84 2009 520 66 106 139 89 72 48 2010 496 66 96 135 87 75 37 2011 447 57 84 111 79 76 40 2012 483 53 83 126 93 88 40 2013 569 46 89 154 115 110 56 2014 620 48 87 162 131 127 66 2015 648 49 87 171 138 132 72 Click on graph for larger image. Here is a chart showing the historical median square footage of single-family homes completed. It is a little difficult to compare...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 1:52 PM » Fannie Mae Announces Sale of Non-Performing Loans ...
    Published Thu, Jun 16 2016 1:52 PM by Fannie Mae
    Fannie Mae today announced its latest sale of non-performing loans, including the fourth Community Impact Pool that the company has offered.
  • 12:07 PM » Mortgage Rates Move Lower for Second Consecutive Week
    Published Thu, Jun 16 2016 12:07 PM by freddiemac.mwnewsroom.com
    Mortgage Rates Move Lower for Second Consecutive Week
    Click Here to Read the Full Article

    Source: freddiemac.mwnewsroom.com
  • 12:07 PM » Treasury Yields Touch Lowest Since '12 as Quest for Haven Reigns
    Published Thu, Jun 16 2016 12:07 PM by Bloomberg
    Treasury Yields Touch Lowest Since '12 as Quest for Haven Reigns Bloomberg Treasuries rose, with 10-year note yields tumbling to the lowest level since 2012, as concern about slowing global growth and a potential U.K. exit from the European Union drove investors into the safety of government bonds. U.S. debt advanced along ... and more »
  • 9:54 AM » Fisher: 'A joint strangle' on growth
    Published Thu, Jun 16 2016 9:54 AM by CNBC
    The Fed is the only D.C. institution supporting growth, but its low-rate policy could be backfiring, Richard Fisher says.
  • 9:54 AM » Fed's clueless on economy: El-Erian
    Published Thu, Jun 16 2016 9:54 AM by CNBC
    Fed policymakers "don't have a vision" for the U.S. economy, Allianz Chief Economic Adviser Mohamed El-Erian tells CNBC.
  • 9:49 AM » U.S. consumer price gains slow; underlying inflation supported
    Published Thu, Jun 16 2016 9:49 AM by Reuters
    WASHINGTON, June 16 (Reuters) - - U.S. consumer prices moderated in May, but sustained increases in housing and healthcare costs kept underlying inflation supported, which could allow the Federal Reserve to raise interest rates this year.
  • 7:59 AM » Futures lower as Fed comments, Brexit vote spook investors
    Published Thu, Jun 16 2016 7:59 AM by Reuters
    (Reuters) - U.S. stock index futures were lower on Thursday, a day after the Federal Reserve kept interest rates unchanged but warned of slowing economic growth and the repercussions of Britain's possible exit from the European Union.
  • 7:59 AM » CoreLogic Reports 37,000 Completed Foreclosures in April 2016
    Published Thu, Jun 16 2016 7:59 AM by www.corelogic.com
    —National Foreclosure Inventory Down 23.4 Percent from April 2015— CoreLogic ® (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, today released its April 2016 National Foreclosure Report which shows the foreclosure inventory declined by 23.4 percent and completed foreclosures declined by 15.8 percent compared with April 2015. The number of completed foreclosures nationwide decreased year over year from 43,000 in April 2015 to 37,000 in April 2016, representing a decrease of 68.9 percent from the peak of 117,813 in September 2010. The foreclosure inventory represents the number of homes at some stage of the foreclosure process and completed foreclosures reflect the total number of homes lost to foreclosure. Since the financial crisis began in September 2008, there have been approximately 6.2 million completed foreclosures nationally, and since homeownership rates peaked in the second quarter of 2004, there have been approximately 8.3 million homes lost to foreclosure. As of April 2016, the national foreclosure inventory included approximately 406,000, or 1.1 percent, of all homes with a mortgage compared with 530,000 homes, or 1.4 percent, in April 2015. The April 2016 foreclosure inventory rate is the lowest for any month since September 2007. CoreLogic also reports that the number of mortgages in serious delinquency (defined as 90 days or more past due including loans in foreclosure or REO) declined by 21.6 percent from April 2015 to April 2016, with 1.1 million mortgages, or 3 percent, in this category. The April 2016 serious delinquency rate is the lowest in more than eight years, since October 2007. “The recovery in home prices and improved labor market have contributed to the drop in seriously delinquent rates,” said Dr. Frank Nothaft, chief economist for CoreLogic. “Over the 12 months through April, the CoreLogic Home Price Index for the U.S. rose 6.2 percent...
    Click Here to Read the Full Article

    Source: www.corelogic.com
  • 7:59 AM » Lawler: The More Things Change ...
    Published Thu, Jun 16 2016 7:59 AM by Calculated Risk Blog
    From housing economist Tom Lawler: Below is an excerpt from a news story about mortgage credit standards. I've deleted the names of people quoted in the story, and I've left blank two references to the time periods being discussed (A and B). Read this excerpt, and before looking below, and try to guess what year "A" refers to and what period "B" refers to. If you have not been in a lender's office lately but plan to apply for a mortgage soon, brace yourself for surprises. Gone are the breezy days when some lenders routinely stretched debt-to-income ratios or overlooked past credit problems. Mortgage specialists say getting a home loan in ___A___ can be a lot rougher than it used to be. "Lenders are very concerned these days about the debt exposure of consumers. Someone out there with a shaky credit history may find it more difficult to get a mortgage than back in _____B_______ when the economy was rolling along," says Michael L. Wilson, deputy director of the U.S. League of Savings Institutions. "There's definitely a tightening up. Lenders are more aware of the risk involved in making mortgage loans." One signal of change is the decline of the "low doc" or "no doc" mortgage, which excused those with large down payments from the need to produce most documentation on their income or debt loads. These days most mortgages are traditional, full documentation loans. But there's more to the story than the near extinction of low or no doc loans. Even with traditional loans, lenders have become more demanding and nitpicky about paper work, mortgage specialists say. "Lenders are going into that dot the `i' and cross the `t' situation." "It's true that the whole lending environment has gotten more conservative. But for the average home buyer, it's not so conservative that they're being frozen out of the market. There are just more hoops to jump through." ________________________________________________...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 7:59 AM » Global bond yields tumble as Brexit retakes spotlight
    Published Thu, Jun 16 2016 7:59 AM by CNBC
    Developed market bond yields tumbled on Thursday amid rising concerns the U.K. may vote to exit the EU in its looming referendum.
  • Wed, Jun 15 2016
  • 4:35 PM » Bank rules not hindering U.S. economy: FDIC chief
    Published Wed, Jun 15 2016 4:35 PM by Reuters
    WASHINGTON (Reuters) - Banking rules meant to protect the U.S. financial system from collapse are not harming the economy or damaging financial markets, the chairman of the Federal Deposit Insurance Corp said on Wednesday, contrary to the views of industry groups.
  • 4:35 PM » Fed tells market: We're taking summer off
    Published Wed, Jun 15 2016 4:35 PM by CNBC
    The Federal Reserve sent a strong signal that it now expects just one rate hike this year, while the market now sees less than a 50 percent chance of even one hike by year end.
  • 3:25 PM » Treasury yields tumble to lowest level since November 2012 after Fed decision
    Published Wed, Jun 15 2016 3:25 PM by Market Watch
    Treasury yields fell to fresh 3.5-year lows Wednesday after Federal Reserve officials held interest rates steady while noting that economic data over the last six weeks had been mixed. Fed officials said job gains have diminished while market measures of inflation have declined, but economic growth "appears to have picked up." The statement didn't mention the U.K.'s referendum on membership in the European Union slated for June 23. The Fed's decision to keep rates unchanged lifted appetite for Treasurys, pushing prices higher and yields lower. The yield on the 10-year U.S. Treasury note the Treasury market's benchmark, lost 2.4 basis points to 1.586%, its lowest level since November 2012, according to Tradeweb. One basis point is equal to one-hundredth of a percentage point. Treasury yields fall when prices rise and vice versa. The yield on the 30-year bond known as the long bond, fell 1.4 basis point to 2.410%, its lowest level since January 2015, while the two-year Treasury yield lost 3.2 basis points to 0.686%, its lowest level since Feb. 11, the day the stock market reached its nadir.
  • 2:22 PM » Federal Reserve Board and Federal Open Market Committee release economic projections from the June 14-15 FOMC meeting
    Published Wed, Jun 15 2016 2:22 PM by Federal Reserve
    Federal Reserve Board and Federal Open Market Committee release economic projections from the June 14-15 FOMC meeting
    Click Here to Read the Full Article

    Source: Federal Reserve
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