June MBS: Understanding the High Inflation and Labor Market Impact
The latest economic data highlights the persistence of high inflation and a tight labor market, which has implications for June MBS (mortgage-backed securities).
Housing Starts Surge as Mortgage Markets Remain Stable This Week
In a week marked by a lack of significant economic developments, housing starts surged as mortgage markets experienced a period of calm.
Fed Pauses Rate Hikes: Volatility in Mortgage Markets
As the Fed paused rate hikes, mortgage markets experienced a volatile week, concluding the with a slight increase.
Weakness in Services Sector and Its Impact on Mortgage-Backed Securities
Notably, this week's biggest economic story revolved around weakness in the services sector, revealed by the Institute of Supply Management.
Mortgage Rates Decline as New Data Points to Manufacturing Contraction
After a notable rise in the initial weeks of May, mortgage rates declined amid mixed economic signals and manufacturing contraction.
May 2023 MBS Volatility and Its Impact on Markets
May 2023 MBS brought significant volatility to the mortgage markets, driven by a range of major economic news and events.
Impact of High Inflation on Mortgage Rates and Housing Market
Amid growing concerns about the impact of high inflation, investors shifted their focus to the banking sector troubles and debt ceiling.
Mortgage Rates Reach March Levels as Investors Shift Their Focus
As the week comes to a close, mortgage rates reached March 2023 levels as investors shifted their focus away from banking.
Refinance Applications Soar 10 Percent Since Last Week
After a muddling 2022, refinance applications soared 10% week-over-week. This showed signs of life in the mortgage industry.
Another Fed Rate Hike Now Leads to Volatile MBS Markets
Alongside a wide range of major economic news, another Fed rate hike created a volatile week for mortgage markets.
April 2023 MBS: Examining Latest Economic Insights and Analysis
The April 2023 MBS volatility presented a mixed bag of economic indicators and data in the banking crisis aftermath.
MBS Prices See Quiet Week with PCE and GDP Data
After the PCE and GDP data came out, MBS prices saw a quiet week. Overall, the market generated no surprises.
With the MBSQuoteline blog, we supply the latest mortgage-backed securities news, pricing, and analysis, Derived from our highly acclaimed MortgageTime™ newsletter, our weekly content shares market coverage and trends impacted mortgage rates. Additionally, MBSQuoteline summarizes each month with our monthly recaps, breaking down the economic reporting from an all-encompassing standpoint.
As a mortgage professional, your business is greatly impacted by changes in mortgage rates. The MBSQuoteline blog keeps you on the cutting-edge of those changes. From a client relationship perspective, the implications are many. An unexpected increase in rates may cause clients to change their mind about a loan you are discussing, cause them to not qualify, result in dissatisfaction with you as their loan officer, or result in other problems. Or you may offer a rate and point quote to clients which they accept, only to find out prices have moved swiftly and suddenly, and those terms are no longer available from your lender. The MBSQuoteline blog helps to facilitate this.
On the other hand, an improvement in rates, if you know about it and communicate it to your client, can create a loyal client for life when they benefit from it by receiving a better price or a lower rate. In your clients’ eyes, you are the expert guiding them through the financing process, and you greatly increase your credibility with them if you are informed and help them make better decisions. This is not to be confused with “playing the market and simply hoping rates improve”.
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