MBS RECAP: Trade Fears Hitting Stocks; Stocks Try to Take it Out on Bonds
Mortgage Rates Rise Meagerly from 6 Month Lows Mortgage Rates Drop to 20-Month Lows Fixed mortgage rates fell to their lowest levels in 20 months this week, with the average on 30-year fixed-rate mortgages dropping to 3.63 percent, according to today’s weekly rate report from Freddie Mac.
Stock. tone and bonds perhaps took some reluctant notice. In other words, if this were an active "risk-on" day for bond markets, we would likely have seen more weakness. Instead, we got token.
Bonds began the day in inconsequentially stronger. the auction occurred in the shadow of the Fed Minutes set to hit the wires just 1 hour later. The fed minutes turned out to be helpful in their.
Back in 2016, this was cause for concern, but now bond markets trade like. It will take some sort of traction on the government shutdown, or some inspiration for stocks in order for bonds to be.
Mortgage Rates: Wall Hit Imagine paying over 18% interest on a 30-year fixed mortgage. It’s almost unthinkable. But that was the reality for home buyers in October 1981 – a year when the average rate was almost 17%.
And bonds have have certainly been in such a period since late February. To some extent, geopolitical and economic risks can affect both stocks and bonds in such a way that the correlation happens.
Bonds sold off in general leading up to the stock open but rallied back behind cover from a much weaker than expected chicago pmi report. From there, nothing else really moved the needle and we ground.
Bonds were perfectly unchanged to. Trump and Xi will meet at the G20 summit tomorrow. Anyare on hold until then. The bond market doesn’t seem to be nearly as.
Indeed, bonds improved right after the Fed, but so many traders were already gone for the weekend that it doesn’t make much sense to put much stock in that reaction–especially. ends halfway.
Stocks are waiting to see if the party is over and bonds are waiting to see if they might be allowed back into the party. Translation: trade war headlines. quickly gets lost if we zoom out to the.
Much has been made of the stock market. to try to make sense of them. With so much attention already being heaped onto Trump’s address, it was easy to add to the dogpile. But bonds barely budged.
Mortgage Rates Edge Slightly Lower Ahead Of Employment Reports Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.
The video in today’s MBS live huddle breaks down just. In other words, bonds really didn’t show up to rally yesterday, and it was only the buckets of cash falling out of the stock market that did.