Last Week in Review: Shrugging off BOJ Surprise Home loan rates held steady near 3-month lows despite a negative surprise from the Bank of Japan. Let's discuss what happened and look into this week. BOJ Surprise Earlier this week, the Bank of Japan (BOJ) unexpectedly allowed its 10-yr government bond rates to rise. This sounds […]
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Last Week in Review: Fed Raises Rates and Home Loan Rates Improve This week, the Federal Reserve raised the Fed Funds Rate by .50%, the smallest hike in over 6 months, and in response, home loan rates improved. Let's discuss the seemingly odd market reaction and what to watch in the week ahead. "We've covered […]
Last Week in Review: Waiting on the Fed This past week home loan rates improved modestly as we approach an important Fed Meeting and inflation reading this week. Let's discuss what happened and talk about the headline risk on the horizon. More Signs Of Inflation Falling On Tuesday, 3rd Quarter Productivity showed that Unit Labor […]
"Time To Moderate Pace of Rate Hikes May Come as Soon as December Meeting" - Fed Chair Powell Nov 30, 2022. This week, Fed Chair Jerome Powell spoke, and interest rates touched the lowest level in almost 3 months. Let's discuss what happened and look into the week ahead. On Wednesday, November 30th, the anniversary […]
"I think we can slow down from the .75% at the next meeting. I don't have a problem with that, I do think that's very appropriate," Cleveland Fed President Loretta Mester Last week was a shortened trading week due to the holiday, we are seeing interest rates continue to hover near the lowest levels in […]
This week, interest rates touched the lowest levels in two months on the idea that inflation may have peaked. Let's break down what happened. 10-yr Note Touches 3.67% The 10-yr Note yield touched 3.67% this week, a large rate improvement from 4.23% seen the previous week. The downtick in long-term rates also fed into home […]
Last week, interest rates moved a bit sideways after Election Day and only added to the uncertainty as ballots continue to be counted. Let's discuss what happened and look into the week ahead. Consumed By Uncertainty It has been nearly a year since the Federal Reserve flip-flopped on the idea that high inflation was "transitory" […]
Last Week in Review: Higher Prices and Higher Rates in a Global Issue This past week we watched the 10-year yield hit a fresh 14-year high, closing above 4.00%. As a result, home loan rates also ticked higher. Let's discuss what happened and investigate the week ahead. Inflation Is High Everywhere Global yields continue to […]
Last Week in Review: Inflation Remains High, Markets Looking Forward This past week, we witnessed the highest consumer inflation reading in 40 years and the markets responded. Let's walk through what happened and investigate the week ahead. Consumer Prices Still Rising On Thursday, the Personal Consumption Index (CPI) was reported at 8.2%, which was higher […]
Last Week in Review: Bank of England Blinks, Interest Rates Sink This past week, we watched the sharpest one-day decline in Treasury rates since 2008. The rate relief was relatively short-lived as uncertainty and volatility reign supreme in the financial markets. Let's recap what happened and investigate the big news in the week ahead. Last […]