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Fed Hikes Rates; Rates Drop Sharply. Here's How That Works
Wed, 22 Mar 2023 21:05:08 GMT

There was some debate as to whether or not the Federal Reserve would hike the Fed Funds Rate today, although the consensus was for a 0.25% increase.  That's exactly what the Fed delivered.  Additionally, markets were (and still are) betting..[read more]

Why Bonds Are Rallying Despite a Fed Hike and a Stubborn Dot Plot
Wed, 22 Mar 2023 20:55:10 GMT

Why Bonds Are Rallying Despite a Fed Hike and a Stubborn Dot Plot Today promised to be one of the most interesting Fed days in a long time and it did not disappoint.  Despite a 25bp rate hike and an even wor..[read more]

Here's What Changed in The New Fed Announcement
Wed, 22 Mar 2023 18:02:37 GMT

Recent indicators point to modest growth in spending and production. Job gains have been robust picked up in recent months, months and are running at a robust pace; the unemployment rate has remained low. Inflation has eased somewhat but re..[read more]

One of The Most Important and Interesting Fed Days in a Long Time
Wed, 22 Mar 2023 15:19:56 GMT

It's difficult and probably not that important to rank today's Fed day against other iterations over the past few years.  It's easy to say that it is probably the most interesting Fed day in at least a few years.  We wouldn't even entertain..[read more]

CRM, Helpdesk, Home Insurance, Credit Reporting Products; Training and Webinars to Wrap up March
Wed, 22 Mar 2023 14:22:32 GMT

Overheard last night in Northern California: "'The Empire Strips Back'' is the best parody show I've ever seen.' I only mention that because life goes on despite a drop in confidence in parts of the banking system, mortgage rates being sticky, and ou..[read more]

Mortgage Application Volume Inches Higher as Rates Find Their Footing
Wed, 22 Mar 2023 12:28:57 GMT

A second week of declining interest rates prompted another increase in mortgage activity last week, the third in as many weeks. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan application volume, ga..[read more]

Rates Continue Higher Ahead of Important Fed Announcement
Tue, 21 Mar 2023 20:24:54 GMT

Banking sector fears were responsible for a nice little drop in mortgage rates over the past 2 weeks.  As those fears subside (to some extent, anyway), the market reaction has reversed to some extent.  This is most noticeable in the stock m..[read more]

Stocks and Bond Yields Moving Higher Together; Fed on Deck
Tue, 21 Mar 2023 19:50:45 GMT

Stocks and Bond Yields Moving Higher Together; Fed on Deck Today's trading session turned out to be every bit as simple as it seemed like it would be this morning.  Why so simple?  There were clear indi..[read more]

February Existing Home Sales Stage Spectacular Break from Slump
Tue, 21 Mar 2023 17:09:28 GMT

Existing home sales emerged, at least temporarily, out of a prolonged slump last month, and weren't even shy about it. The National Association of Realtors (NAR) said seasonally adjusted annual sales of preowned single-family houses, townhomes, condo..[read more]

POS, Prospecting, Automation, Certified Military Specialist Products; Quiet on the Bank Front
Tue, 21 Mar 2023 14:29:36 GMT

The way bond math works, every man, woman, and child that owns a fixed-income security issued when rates were lower is now underwater on that bond or that security. As long as they continue to collect payments on that coupon, and don't have to sell i..[read more]

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