Reflecting both the unusually strong fourth quarter for home loan originations and the volatile rate environment for the period just ended, private mortgage insurers wrote 13% less business versus three months prior. Processing Content Still, with mortgage rates going to the low 6% range from near 7% one year ago, the six active underwriters did […]
Mortgage insurers end 1Q26 below expectations for volume Read More »
In dire need of a market-friendly CPI report, traders seemed to know that’s not what was coming as treasuries opened with bearish gaps leaving the 5-year yield within a basis point of its 5/4 yield crest. Processing Content Crude oil was also up another $3.50, which I’m sure didn’t help. Expectations were for headline CPI
Hotter-than-expected CPI sends yields climbing Read More »
Key takeaway: Inflation in April continued to accelerate among all categories tracked, despite slight dips in the overall energy index. Supporting data: The Consumer Price Index, a monthly indicator of consumer inflation, rose by 0.6% in April and 3.8% year over year. What’s at stake: Federal Reserve officials are likely watching the latest inflation figures
Energy shock drives consumer prices up 0.6% in April Read More »