Real Estate Insider Blog
Showing 1-2 of 2 articles.
Tuesday, May 31, 2016
What's going on and why does it matter?
Mortgage bonds opened lower today, and are sitting right at their 100-day moving average, which has been operating as a strong level of technical support over the past few weeks. This is a big week for the markets with lots of high-tiered economic reports that may sway the market wildly one way or another. Of particular interest is Friday's non-farm payrolls report, preceded on Thursday by an OPEC meeting on oil, and an ECB meeting on European monetary policy. If the economic reports are favorable this week, the Fed may be more inclined to increase rates in June. If this happens, the Fed may bring an end to their mortgage bond buying program sooner rather than later. The Fed is scheduled to purchase up to $1.4 billion in GNMA mortgage bonds today, and they'll be purchasing up to $2.375 billion in 30-yr conventional mortgage bonds tomorrow. Today's personal income and core inflation numbers came out in line with market expectations. However, expect lots of volatility this week as the market deals with the deluge of economic reports that will be released in the coming days. In the midst of all this, it'll be interesting to see if mortgage bond prices can hold above their 100-day moving average. If they break below that level, the next hard stop on the way down will be their 200-day moving average,...
By Michael Neal
Please complete the fields below to calculate your monthly mortgage payment.
Already have an account? Login with your credentials below.
By creating an account, you receive unrestricted access to the entire site including all listing details, photos and neighborhoods.
Get notified of new listings BEFORE they come on the market.
Your searches will be saved, so you don't have to fill out your search criteria each time you visit.
Get instant email alerts when new properties are listed matching your criteria.
You can easily opt out any time and we never share your personal information!
Your registration is 100% safe, guaranteed!
You are currently logged into your account.
If you forgot your login information, simply enter your email address below and you'll receive an email with your password.
You are already logged into your account.
Specializing in the Clearwater Area!