AMB News

Mortgage News Daily

• Mortgage Rates Recover After Downbeat Data June 8, 2023
  Economic data is one of the most basic and reliable inputs for the bond market.  The bond market, in turn, dictates day to day interest rate movement.  In general, weaker economic data pushes rates lower and that was today in a nutshell. Weekly Jobless Claims came in at the highest levels since 2021 and the […]
• Claims Data Completely Erases At Least One Day of Higher Rate Expectations June 8, 2023
  Claims Data Completely Erases At Least One Day of Higher Rate Expectations There have been been several days recently that have resulted in financial markets upping the odds for the Fed keeping rates higher for longer.  The most recent spike in those expectations followed yesterday's BOC (Bank of Canada) announcement--not because BOC policy has an […]
• Jobless Claims Stoke The Rally Fires For Bonds June 8, 2023
  If you like low rates, you are often unfortunately rooting for negative economic data.  You're not a bad person.  Bonds are simply a hedge against economic weakness.  Much like watching sausage being made, you don't have to like watching people file for unemployment in order to appreciate the impact it has on rates.  Case in point, […]
• HELOC, Affordable Housing, Servicing, QC, MSR Valuation Products; New Appraiser Education Standards? June 8, 2023
  There’s a lot going on, and not only jawboning about a potential Fed rate increase next week. We have the smoke drifting down from Canada and slowing or stopping flights in the Northeast. The Wall Street Journal reports that China and Cuba have signed an agreement for a Chinese eavesdropping station in Cuba. For rate […]
• Mortgage Rates Highest in More Than a Week June 7, 2023
  Mortgage rates continue to operate in a fairly narrow range but we've been mostly moving in one direction inside that range so far this month.  Late last week, it was the strong job creation announced on Friday that pushed rates higher.  This week has been less volatile by comparison, but rates remained under pressure to […]
• BOC Warns US Rate Market Against Complacency June 7, 2023
  BOC Warns US Rate Market Against Complacency US rate traders are pretty sure they have the Fed figured out after two separate Fed speakers used the word "skip" in speeches last week.  There's a low chance of a rate hike next week, and a high chance that rates remain high through 2023.  Today's BOC (Bank […]