Dec. 13, 2018
In the past 30 days we’ve seen interest rates drop and drop. In fact, the 10yr, which recently traded as high as 3.24%, a level not seen since 2011, is all the way down to 2.85%.
Nov. 15, 2018
Over the past month we’ve seen rates hold relatively stable despite the uncertainty around the midterm elections. The 10yr is trading within the range of 3.05 and 3.25% and it’s currently at 3.15%. However, in the past year, rates are up about 80bps and it’s generally believed the Fed will raise once more in 2018 and twice in 2019. A lot of that will depend on growth and inflation.
Oct. 12, 2018
If it seems like interest rates have been going up almost every day, then you are correct. There has been this risk off trade that has pushed stock and bond prices down. Investors are taking profits as there seems to be more and more concerns over valuations and the trade war with China.
Sep. 20, 2018
For the last couple of weeks, we’ve seen interest rates creep up and up. In fact, the yield on the 10yr Treasury is now over 3%; something that hasn’t happened very often since the financial crisis. The graph on your screen shows the 10yr for the past 8 years. What’s interesting is the fact that the 10yr has not sustained a 3+% yield for 30 straight days since 2011.
Aug. 23, 2018
Jason Obradovich, EVP of Capital Markets for New American Funding is back with the latest Mortgage Rundown. If you've been following the market, you may have noticed interest rates have slightly come down. What is going to happen to rates the remainder of the year?
Aug. 9, 2018
Jason Obradovich, EVP of Capital Markets for New American Funding is back with the latest Mortgage Rundown. With core inflation under 2% and the 10-year Treasury under 3%, the Federal Open Market Committee held steady on interest rates last week.
Jul. 27, 2018
You probably noticed that there has been very little interest rate volatility recently. In fact the tight range on the 10yr Treasury in June was the smallest it’s been in several years.
Jul. 12, 2018
Last week was the ever important payroll report which showed 213k jobs added in June versus the 195k that was expected. A very positive sign but the more interesting piece of data was the unemployment rate which surprisingly went up from 3.8% to 4.0%. This was largely a result of a growing labor force, as the labor force participation rate also went up 0.2%.
Jun. 21, 2018
Last week was another FOMC meeting where they raised the Fed Funds rate to the range of 1.75 to 2.0%, in what was a widely anticipated move. The attention now shifts to the meeting in September with the market pricing in an 81% chance the Fed moves rates for a third time this year. Also, there is now a 50% chance the Fed raises rates a fourth time in December.
Jun. 7, 2018
If you've been following the market you've likely noticed that the 10yr Treasury is back down below 3%. When it seemed like nothing would stop the 10yr from rising to 3¼%, fears in Europe, mainly Italy caused a rush to safety. Right now the 10yr is trading right around 2.95% in a new range between 2.8 and 3.1%.