WJ Bradley Exits; Volatility Ahead for Rates; Mixed Messages in Builder Confidence

Posted Jeff Tarbell Daily Update

Mortgage rates were essentially unchange d today, despite implied weakness in underlying bond markets. In other words, rates should have moved a bit higher today if they were paying strict attention to the mortgage-backed-securities prices that typically set the tone. For what it’s worth, this has been fairly common over the past few weeks, and at times it can seem like lenders are reacting to market movements from the previous business day. Tomorrow’s FOMC Announcement is an event that not only begs an immediate reaction , but could also kick off a sustained move higher or lower. Most market participants do not expect the Fed to raise rates at this meeting, but if last October’s Fed Announcement was any indication, the Fed may use this opportunity to clearly telegraph its next move. In addition
Source: Mortgage News Daily

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Jeff Tarbell

In 2004, I began a very interesting and fun journey/hobby as the host of “talkin money” on CBS radio Sports 1140am. After 8 years of waking up every Saturday for a 9am show, I still enjoy the challenge and rewarding experience of hosting a weekly show.
Jeff Tarbell
Connect

In 2004, I began a very interesting and fun journey/hobby as the host of “talkin money” on CBS radio Sports 1140am. After 8 years of waking up every Saturday for a 9am show, I still enjoy the challenge and rewarding experience of hosting a weekly show.

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