Latest Employment Report Reveals Job Gains Went Down
This past week, analysts and investors closely watched the latest employment report. Unfortunately, it revealed that job gains went down, falling short of expectations.
Steady Inflation Results While the Manufacturing Sector Performs Better
This week saw steady inflation results while the manufacturing sector performed better. Overall, the economic data revealed no significant surprises.
Mortgage Rates Unbelievably Fluctuate Right After Fed Meeting
This week, mortgage rates fluctuate unbelievably in the wake of Wednesday's Fed meeting. This fluctuation included their largest movement in sometime.
Retail Sales Jump in a Really Surprising Week
In a really surprising week, analysts saw retail sales jump far above the consensus while Consumer Price Index failed to reach it.
Enormous Job Growth As Unemployment Benefits Abruptly Now End
When examining July 2021’s economic reports, enormous job growth rippled across the economy as unemployment benefits abruptly ended.
European Central Bank Announcement Immediately Leads to Purchases Being Limited
As expected, the latest European Central Bank announcement came out this week. After months, they finally announced the expected policy change in its bond purchase program.
Dampened Job Gains Offset By Better Unemployment Rate
Key labor market data revealed mixed results, including dampened job gains missing the mark. However, a better unemployment rate counterbalanced those job gains.
Investors Focus on Targeted MBS Buying As Fed Nears Goals
Investors focus on targeted MBS buying as Fed nears goals. However, Fed Chair Powell did not provide an updated timeline for policy changes. As a result, mortgage rates ended the week slightly higher.
Retail Sales Dropped as Travel & Entertainment See a Boom
While significant economic news came out this week, retail sales dropped. In spite of this, the travel and entertainment industries saw a major a boom.
Attractive Mortgage Rates React to Looming Inflation in June 2021
In June 2021, the United States saw attractive mortgage rates alongside continually looming inflation. As a matter of fact, annual inflation rose to its highest level in June since August 2008.
Inflation Moderates as Investors Focus on Consumer Price Index Findings
As inflation moderates, investors focus on new consumer price index (CPI) findings. During a light week, they looked towards the CPI inflation report for guidance.
Breakthrough Job Gains as Labor Market Makes Vast Improvements
The monthly employment report brought stronger than anticipated data as the U.S. achieved breakthrough job gains and strong ISM data.
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”.
With the MBSQuoteline blog, you can chart MBS prices, learn about global news, and enhance your understanding of the mortgage industry on a weekly basis. You get many valuable mortgage originator marketing tools, including a personalized weekly newsletter to send to clients and referral sources, and to post on social media sites. Be the expert your clients expect with the most accurate information on the mortgage backed security market, and know what’s moving interest rates today, tomorrow and beyond.
To receive by-the-minute updates on mortgage-backed securities, try our platform free for 14 days. Stay connected with MBSQuoteline on social media by following us on Facebook, Twitter, and LinkedIn.
All material Copyright © Ress No. 1, LTD (DBA MBSQuoteline) and may not be reproduced without permission. To learn more about the MortgageTime™ newsletter, please contact MBSQuoteline at 800.627.1077 or info@mbsquoteline.com.