Mortgage Rates Reverse Trends with Strong Economic Data
After a large decline in 2019 to the lowest levels in several years, mortgage rates finally reversed the trend due to this week's reports.
Mixed Economic Data This Week After Little Job Gains Miss
Mortgage rates saw little change after mixed economic data this week as investors look towards major central bank meetings later in the month.
Trade Tensions Ease This Week for a Quieter Focus on Mortgage Rates
August ended quieted as trade tensions eased this week. In the last week of the month, mortgage rates remained relatively stable.
State of the Markets Displays Uncertainty with Trade Tensions
In a remarkable time for the financial world, the latest state of the markets shows trade uncertainty among the U.S. and China.
Core Consumer Price Index Shows Inflation on the Rise
This week, the Core Consumer Price Index showed inflation on the rise. Overall, this reflected negatively for mortgage rates.
Strong Job Gains Alongside Fourth of July Weekend
The United States faces strong job gains alongside the Fourth of July weekend, making for a very volatile mortgage market.
Mexican Trade Deal Agreement Now Leads to Tariffs Surprisingly Postponed
This week, the Mexican trade deal agreement caused market volatility. However, the net effect of all the news remained minor.
Job Gains Tailspin Unexpectedly with the Employment Report Miss
As the U.S. realized weak labor market data, it saw job gains tailspin unexpectedly, leaving a favorable impact on mortgage rates.
Real Estate Market Faces Mixed New Home Sales Data
This week, the real estate market faced mixed new home sales data while the trade tensions left a positive effect for mortgage rates.
Employment Report on Friday Now Shows Healthy Economy
This week, the Employment Report on Friday showed a healthy economy. Beyond that, investors also watched Wednesday’s Federal Reserve meeting.
Consumer Spending Spikes Retail Sales in March of this Year
After unexpected strength, consumer spending spiked retail sales to end the week. However, Thursday’s report caused little reaction.
CPI Shows Inflation Plummet as Mortgage Rates Actually Climb
As CPI shows inflation plummet, most investors expect moderate U.S. economic growth this year and weakness in other regions.
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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