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While benchmark interest rates continue to chop around in a contained range, mortgage-backed securities have moved sideways, failing to make much progress in either direction. Although we have experience a few moments of added volatility, tight trading ranges have kept and generally "topped out"...
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Mortgage rates were pushed higher yesterday after benchmark Treasury yields moved higher, outside the well defined range that has kept rates relatively stable since August. New supply of Treasury debt combined with several psychological factors pressured MBS prices lower and forced lenders to reprice...
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Despite a rally in equity markets, prices of mortgage-backed securities moved higher yesterday. No economic data was released, trading volume was very thin, however MBS closed at their highest level since early this summer which allowed some lenders to reissue rate sheets with lower consumer borrowing...
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Consumer confidence fell more than expected in July, as sentiment remained hampered by a difficult job market. Michelle Girard, of RBS, and Maria Fiorini Ramirez, of MFR, discuss.
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The tug-of-war between rising unemployment and rising stock prices was won by the former this month as Consumer Confidence fell for the second month, coming in below analysts’ expectations. The Conference Board measure of confidence fell to 46.6 in July, down from 49.3 in June. Leading the drop...
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Stocks are mixed this morning, which seems an appropriate response to the latest Consumer Sentiment report. Ninety minutes into the session, the S&P 500 is climbing back towards par but remains down 0.32%, while the Dow is flat, and the Nasdaq is 0.99% below Thursday’s close. The 10-year yield...
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The Conference Board’s measure of Consumer Confidence shattered expectations in May, surging beyond all forecasts to a score of 54.9, just more than 14 points higher than April’s upwardly revised 40.8. The score marks the highest level since September. Analysts were expecting a gain in the...
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The weekly ABC News Consumer Confidence Index dropped one point to -51 in the week ending April 12. "Easing pessimism about the economy's direction hasn't done a thing for ratings of current conditions: They're their lowest in two months and very close to their record low in 23 years...
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U.S. consumer confidence and Canadian GDP results will be released on Tuesday. U.S. consumer confidence is expected to climb to 28.0 in March from its record low level of 25.0 in February. "Any lift from the March stock market rally will be offset by the downdraft from a rapidly deteriorating job...
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The weekly ABC News Consumer Confidence Index is up one point to -48 from -49 in the week ending Feb. 22. "Consumer confidence inched - barely - to its best of the year this week, boosted by improved ratings of personal finances. But it's by no means out of troubled territory," the report...