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Inflationary pressure at the producer level and the manufacturing level are feebler than expected (reading based on the Producer Price Index) and this means that the demand for bonds will keep the yield chained. This then is good tidings for the mortgage market. We should also be looking very closely at the Consumer Spending data….
The speed of residential construction has shot up over the past few months and is well in line to reach its best figures in over a decade. For a market that has been short on inventory for some time now, this is great news, especially with the spring season already calling on us. Mortgage Rates:…
The mortgage market had reacted favorably to the Coronavirus threat. Now that the trend is reversing, we may see a partial correction in the mortgage market. It is nothing new. Global threats that loom suddenly bring about economic movements with it and just as soon as the threats disappear, the money movement returns to its…
Consumer sentiment may rally from here based on multiple positive indices, near all-time-low rates, and the general good feeling that a new year brings. House constructions as well as number of homes sold are expected to pick up. While Americans are aware that the expansionary phase can’t last eternally, they are no more wary of…
Phase One of the Trade deal isn’t expected to deliver a panacea. It, however, augurs well for the economy under pressure as the positive spin to the Trade War, augmented by stable inflation and decent job growth, is likely to keep nerves in check. January is a calm month. Everyone is willing to be in…
A nation’s economy is affected by even the faintest geopolitical unrest but the fact that Trump has addressed any concerns regarding the Iranian fallout stabilizes our perception of the economy. So rates are not going on a tailspin, rest assured! The employment report for the private sector in particular may push the rates up and…
Purchase volume should be positively affected by higher house inventory in 2020. Inventory which has been a concern for some time now is expected to be tackled by construction initiatives that are on the way now. One point of note is the question of housing affordability which may become a malaise in the interior areas,…
Home builders are looking more confident and housing starts have shot up in November. This is good tidings for aspiring buyers. All 2019, we have fought against low inventory but with some luck, the supply deficit may turn a corner in 2020. Purchase applications usually come down at this time of the year but it…
Inflationary pressure at the producer level and the manufacturing level are feebler than expected (reading based on the Producer Price Index) and this means that the demand for bonds will keep the yield chained. This then is good tidings for the mortgage market. We should also be looking very closely at the Consumer Spending data….
Fresh US-imposed tariffs will come into effect in China on 15th December. Both the economies may lock a small part of the deal before this date. As witnessed of late, bond markets are more reactive to the Trade War than any domestic news. If such a deal comes through, expectations around the reduction of tariffs…