Prior -4.5%Market index 201.1 vs 204.6 priorPurchase index 160.4 vs 164.2 priorRefinance index 394.6 vs 394.6 prior30-year mortgage rate 7.16% vs 6.94% priorYikes. The average interest rate of the most popular home loan...
by confoundedinterest17
Pension funds have long been investing in “safe” agency mortgage-backed securities.
But as The Fed does its “tighten up”, we are seeing agency MBS prices falling and duration risk rising.
I remember showing my Fixed-income...
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by confoundedinterest17
Another Saturday high for the Biden Administration. Americans got less money thanks to Bidenflation.
The US 30yr Mortgage rate just hit a new high since 2000 as The Federal Reserve counterattacks the highest core inflation...
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One challenge...
