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The Federal Budget and National Debt numbers are so large that it's often difficult to get a grasp of just exactly how much money is being discussed. Hopefully this short film helps . Speaking of unsustainable business models, in 2011, 92 banks failed, compared to 157 in 2010 and 140 in 2009. Meanwhile...
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The bellwether 10-year Treasury remained stable at 3.62% on Wednesday. Overnight it firmed one basis point to 3.61%. The two-year note currently yields 0.84% and the 30-year offers 4.67%. Equity futures offer no direction this morning while the market ignores developments in Bahrain and Libya and looks...
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Mortgage rates started to rise yesterday as stock markets rallied from an eight session low. While only a few lenders repriced for the worse, mortgage-backed securities prices were led lower by an increase in benchmark Treasury yields. This set the stage for lenders to increase mortgage rates this morning...
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Mortgage rates yesterday ended a rally streak that brought consumer borrowing costs back down toward their best levels of 2010. Almost erasing all the losses experienced before and after the Federal Reserve exited the secondary mortgage market. After the steady recovery run seen in MBS over the last...
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Home Today's Headlines ATW Forums Q&A Mortgage Rates Top Stories Profits Booked Ahead of Bernanke. How Fed Rhetoric Can Affect Mortgage Rates If Ben's tight rope walk is balanced and the short-end of the yield curve rallies as a result, it sure would make it a heck of a lot easier for the... - MBS...
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The Chairman of the Federal Reserve, Ben Bernanke, today gave a speech titled Economic Challenges: Past, Present, and Future The first half of Bernanke's prepared speech revisited the events that led us into the great recession. Ben then reviewed and justified the innovative actions that had to be...
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Mortgage rates took a beating yesterday as market participants sold their fixed income investments. This drove Treasury yields higher and MBS prices lower. The benchmark 10 year treasury note rose from a yield of 3.66 to 3.85 and the Fannie Mae 4.5 MBS coupon lost 100 basis points in price. Losses started...
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Mortgage rates rallied lower yesterday after the Federal Reserve reiterated they intend to keep the Fed Funds rate at at exceptionally low levels for an “extended period”. The Fed also held steady in their belief that inflation is not posing a threat to economic stability. In regard to the...
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Home Today's Headlines ATW Forums Q&A Mortgage Rates Top Stories Bernanke Says Status of GSEs in "No-Man's Land". Discussing Reform, Reorganization, Reassurance Today, during the Q&A session of his annual report to Congress, Chairman of the Federal Reserve Ben Bernanke said we are in "no-man...
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Mortgage rates didn't make much progress in either direction yesterday despite some bond market friendly economic data and a successful Treasury note auction. Mortgage backed securities traded in a tight range which prevented most lenders from passing along improved mortgage rates. The economic calendar...
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Fed chief Bernanke says the economy is in the early stages of recovery, with CNBC's Hampton Pearson.
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Mortgage rates rose, stabilized, then rose again and again and again on Friday last week. That's a three day skid of rising rates. Economic data wasn't necessarily great, but it wasn't bad either. The Federal Reserve did hike the rate at which they lend emergency funds to banks in need. While...
Posted to
Mortgage Rate Watch
by
Victor Burek
on
Mon, Feb 22 2010
Filed under:
Filed under: mbs, mortgage rates, MBA, jobless claims, ben bernanke, treasuries, Mortgage Rate Outlook, lock, float, economic calendar
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Well ahead of the market open investors are busy thanks to comments from Federal Reserve chairman Ben Bernanke over the weekend. Noting widespread criticism that the housing bubble was inflated largely as a result of monetary policy that was too accommodative in the early 2000’s, Bernanke provided...
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Mortgage rates continued to move higher yesterday following a warmer than expected read on inflation at the producer level and a better than anticipated industrial production report. After the data was released, benchmark Treasury yields moved higher and prices of mortgage backed securities fell, forcing...
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If you are an avid Fed watcher or just keep up with the news, you have likely either seen or heard about Sen. Jim Bunning's feelings towards the Federal Reserve. Bunning, a Republican from Kentucky and a member of the Senate Finance Committee, has long been a critic of the Federal Reserve...specifically...