Mortgage refinance demand jumps 19% after rates hit lowest level since July

Mortgage refinance demand jumps 19% after rates hit lowest level since July


http://dlvr.it/T05JD4

Comments

Post a Comment

Popular posts from this blog

SVB > NFP = Supermassive Bond Rally

Image
SVB > NFP = Supermassive Bond Rally In a matter of 48 hours, Silicon Valley Bank has gone from being a company that we've never heard about or discussed to the highest profile bank failure since the Great Financial Crisis.  Such developments sound like they should be good for bonds and today was no exception.  The news certainly overshadowed today's jobs report although traders also looked willing to take that in stride (higher headline job creation offset by lower wage growth and higher unemployment). The net effect was the largest rally in 4 months and one of the 5 biggest rallies of the past decade--at least for Treasuries.  MBS underperformed for reasons discussed in today's video. Econ Data / Events Nonfarm Payrolls 311 vs 205 f'cast, 504 prev Wages 0.2 vs 0.3 f'cast, 0.3 prev Unemployment Rate 3.6 vs 3.4 f'cast, 3.4 prev Participation rate +0.1 Market Movement Recap 08:53 AM Big overnight rally, additional gains after NFP, bu...
Read more