Traders reduce view on U.S. rate hikes

  • March 23, 2017
  • no comment
  • realestate

U.S. interest rates futures rose to session highs on Wednesday as traders dialed back their view on the timing of the Federal Reserve’s next rate hike following its quarter-percentage point increase last week. Federal funds futures implied traders saw 49.6 percent the U.S. central bank would raise rates at its June 13-14 policy meeting, compared

READ MORE

February Producer Price Index

  • March 14, 2017
  • no comment
  • realestate

February headline Producer Price Index 0.3% vs.estimates of 0.1%. Core PPI 0.3% vs. estimates of 0.2%. YOY PPI 2.2% vs. estimates of 2.0%. Core YOY PPI 1.5% vs. estimates of 1.5%. Inflation on the front end is now at 2.2% and is generally negative for interest rate pricing.

READ MORE

Weather does not stop the Fed

  • March 14, 2017
  • no comment
  • realestate

The Fed confirmed that its interest-rate policy committee will meet as planned on Tuesday and Wednesday despite the winter storm that has hobbled much of the Nottheast. The Fed is widely expected to raise the range of its benchmark federal funds rate by a quarter-point at the end of its discussions. The central bank will

READ MORE

Bank lobbyists privately lower expectations for Dodd-Frank overhaul

  • March 23, 2017
  • no comment
  • realestate

Bank lobbyists who opened the Trump era with great expectations for sweeping regulatory reform are privately striking an increasingly dismal tone as hopes for a quick and thorough rewrite of Dodd-Frank legislation dim. Lobbyists say they are facing the reality that bank deregulation legislation will have to wait in line behind other bigger priorities such

READ MORE

Why Mortgage Rates Will Keep Rising — Regardless of What the Fed Does This Week

  • March 14, 2017
  • no comment
  • realestate

The bond market believes the economy is gaining momentum. Long before Federal Reserve policymakers begin gathering in Washington today to debate what to do with interest rates, mortgage rates throughout the country have been heating up. Borrowing rates on 30-year fixed-rate mortgages have climbed to 4.21%. That’s up from 4.09% in January and 3.54% in

READ MORE

Oil prices tumble after OPEC report shows Saudi production rising

  • March 14, 2017
  • no comment
  • realestate

Crude futures reversed direction and turned lower on Tuesday, after a monthly report from the Organization of the Petroleum Exporting Countries showed production out of Saudi Arabia cresting back above 10 million barrels of oil per day.

READ MORE

Jobless claims climb 15,000 to 258,000

  • March 23, 2017
  • no comment
  • realestate

The number of Americans who applied for unemployment benefits last week jumped by 15,000 to 258,000 and matched a two-month high, with fresh revisions showing layoffs a bit higher in 2017 than previously reported.

READ MORE

Fed Meeting – What you need to know in the markets Wednesday

  • March 15, 2017
  • no comment
  • realestate

Wednesday will be all about the Federal Reserve. At 2:00 p.m. ET on Wednesday, the Federal Open Market Committee will release its latest monetary policy decision, which markets expect will see the central bank take its benchmark interest rate to 0.75%-1% from 0.50%-0.75%. This would be the third interest rate hike from the Fed since

READ MORE

Fed Meeting – Watch the dots

  • March 15, 2017
  • no comment
  • realestate

Alongside the Fed’s latest policy statement, markets will also get an updated set of economic projections from the Fed for GDP and inflation, as well as an updated “dot plot,” which shows where Fed officials expect benchmark interest rates to be in the future. Given the hawkish commentary from Fed officials, we think the dots

READ MORE

Treasury yields head lower for fifth straight day

  • March 23, 2017
  • no comment
  • realestate

Treasury yields were falling on Thursday for the fifth straight session after government data showed an unexpected rise in first-time jobless claims. Investors are now turning their attention to a looming vote on the Republican bill to repeal and replace Obamacare in the House of Representatives. The latest tallies suggest it doesn’t have the support

READ MORE

Subscribe to Newsletter

Get weekly updates on mortgage rates, finance, lending and real estate.