by confoundedinterest17 The US residential mortgage market seems to be born under a bad sign … and if it wasn’t for The Federal Reserve, it would have no luck at all. It is the start of a new year and, like clockwork, …
by confoundedinterest17 Mortgage applications generally nosedive in the last two weeks of the year (seasonality effect), but Federal Reserce monetary tightening to fight inflation is making the last two weeks worse than usual. Mortgage applications decreased 13.2 percent from two …
by Shaun Richards Today the focus switches to the Bank of England and in technical terms it will be starting 2023 in good cheer. That is because its financial stability or “Not QE” bond purchases have mostly been unwound and …
by confoundedinterest17 The mortgage market is behaving like today’s bomb cyclone in terms of the weather. Bomb cyclone in that mortgage rates have dropped 7.16% on October 21, 2022 to 6.34% on December 16, 2022 (a drop of 82 basis points), …
by confoundedinterest17 Albert Collins said it best about the US economy under Joe Biden: “Lights Are On But Nobody’s Home”. The Federal Reserve forecast for the US economy is a dismal 0.50% YoY. Do I detect a trend? The FOMC forecast for …
https://www.foxbusiness.com/economy/us-home-prices-decline-number-buyers-underwater-mortgages-swells h/t silvertomars
Shock rise predicted after analysis of figures published by Treasury watchdog Lib Dems found household with £236,000 mortgage would pay extra £2,581 This would be if, as calculated, mean monthly interest payments double to £474 News fuels fears that cost of …
by confoundedinterest17 The October Senior Loan Officer Opinion Survey on Bank Lending Practices came out yesterday and its a doozy. The Net Percentage of Domestic Banks Reporting Stronger Demand for Mortgage Loans is sinking faster than Joe Biden’s oratory skills as The Fed tightens their …
by confoundedinterest17 Now that the midterm elections are over (except for counting of million of mail-in ballots, a massive moral hazard risk), President Biden has proclaimed that he isn’t changing any of his horrid policies. And apparently, neither is The Federal …
by confoundedinterest17 Biden’s magic trick was to turn the economy into a train wreck. Example? The 30-year mortgage rate was 2.88% on Biden’s inauguration day (January 20, 2021). They are now 7.32%, a 154% increase under Biden. The US economy is …
by confoundedinterest17 The mortgage market is really hurting under the stewardship of “Inflation Joe” Biden. Bankrate’s 30yr mortgage rate hit 7.35% yesterday, up 155% under Biden. Here is a photo of Inflation Joe taking aim at the mortgage industry and housing …
by confoundedinterest17 It has been a wild and mostly negative ride under Biden’s Reign of Error. 40-year highs in inflation (caused by Biden’s fossil fuel mandates and Federal spending) have left the US mortgage market FINALLY seeing positive REAL mortgage …
by confoundedinterest17 As the midterm elections get close, the news for Americans gets worse. On the housing/mortgage front, Bankrate’s 30-year mortgage rate (yellow line) just hit 7.20%, the highest since 2000. Also, the US Treasury 10yr-3mo yield curve (white line) inverted, …
by Boo_Randy The debt donkeys who bought into insane central bank-blown housing bubbles in the WEF colonies of Australia, New Zealand, and Canada are about to learn the difference between “homeowner” and “mortgage payer” as soaring inflation causes corresponding interest …
by Shaun Richards There have been 2 major economic themes so far this year. The first is the rise in inflation and hence the cost of living and the second has been the rise and indeed rise of the US …
via Marktwatch: NASHVILLE, Tenn. — A mortgage industry group is expecting a recession to hit the U.S. economy. “We’re forecasting a recession for next year,” Mike Fratantoni, senior vice president and chief economist at the Mortgage Bankers Association, said Sunday …
by confoundedinterest17 Pension funds have long been investing in “safe” agency mortgage-backed securities. But as The Fed does its “tighten up”, we are seeing agency MBS prices falling and duration risk rising. I remember showing my Fixed-income class at Chicago and …
by confoundedinterest17 US 30-year mortgage rates rose to 7.20% yesterday, the highest rate since 2000. Why? Core inflation is rising and its the highest since 1992. Diesel prices, the all-important fuel for the transportation industry, is rising again after a brief …
by Shaun Richards We find ourselves in a situation that has not been seen for several decades. There is a link to yesterday’s topic which is the catastrophic mess out political class have made of out energy supply which contributes …
The recent surge in mortgage rate is occurring at a time that the Federal Reserve has stopped buying mortgages backed securities (MBS) and is now allowing its holdings of MBS to mature off its balance sheet at a pace of …
h/t BoatSurfer600
by confoundedinterest17 Another Saturday high for the Biden Administration. Americans got less money thanks to Bidenflation. The US 30yr Mortgage rate just hit a new high since 2000 as The Federal Reserve counterattacks the highest core inflation rate (6.60%) since 1982. According …
by confoundedinterest17 Mortgage applications decreased 2.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 7, 2022. As mortgage rates soar with Federal Reserve tightening. The …
by confoundedinterest17 Happy Columbus Day! As I discussed yesterday in my post entitled “The Perils Of Fed Tightening In One Chart (Or Sweet Home DC!) Treasury Yield Curve Remains In Reversion And Stock Market Declining As Fed Reduces Money Supply Growth,” The Federal …
by confoundedinterest17 Under “Nuclear Joe” Biden, the US is truly the land of confusion. As the Biden Administration touts “affordable housing,” we are seeing the 30-year mortgage rate rise above 7% as The Federal Reserve fights inflation … caused by the …
by confoundedinterest17 I was confused when President Biden claimed ‘I was sort of raised in the Puerto Rican community’ in Delaware.” Here are Joe and Jill Biden singing “America.” Apparently, Biden was in the Sharks gang and Trump’s MAGA supporters are the Jets. On …
Mortgage rates soared above 7 percent this week, the highest level in 21 years and far exceeding rates recorded during the 2008 housing market crash Luxury home sales in the US have sunk by 28.1 percent year-over-year in August, beating …
That, of course, doesn't include property taxes, insurance, HOA fees, or PMI. — Lance Lambert (@NewsLambert) September 27, 2022 NO WORDS. pic.twitter.com/d6aXMGytPw — Dan Tapiero (@DTAPCAP) September 27, 2022
by TheRealJugger I know everyone here are excessive risk taking regards, so naturally the bond market is not even an after thought. But in reality, the bond market is senior to equity markets and makes the equity market look like …
