
Epic Round Trip as Rates Launch Higher Only to End Lower
You won't see too many days like today when it comes to mortgage rates and the underlying bond market that drives them. Bonds were eagerly awaiting this morning's Consumer Price Index (CPI), a key inflation report and an important source of guidance for the Fed rate outlook.Β Reminder: while the Fed
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Correspondent and Wholesale, CLE, Audit, Free POS Products; News From Chicago; MBA Chair Owen Lee Interview
What percentage of the industry is shifting credit policies? Yesterday the industry learned that Fairway Independent and Movement are βnow implementing VantageScore 4.0 (owned by Experian, Equifax, and TransUnion)β¦ The VantageScore 4.0 credit scoring model is offered through Experian, Equifax and Tr
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CPI Puts a Floor Under Recent Rate Rally
Unrounded core CPI came in at 0.335, which nearly rounds to 0.4% versus an expectations of 0.2%.Β This is a big surprise when it comes to inflation data, and it matters more at the moment given the rapidly evolving Fed rate hike outlook. Recent Fed speeches caused a significant pull-back in rate hik
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Light Volatility and Modest Gains Ahead of CPI
Light Volatility and Modest Gains Ahead of CPI Bonds were modestly stronger in the overnight session in a move that is easiest to attribute to ongoing supportive buying in response to recently higher yields in the long end of the market. Fed Funds Futures were also in play as implied Fed Funds track
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