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MORTGAGE CREDIT NEWS BY LOUIS S. BARNES -5-25-18
Commentary 25 May 2018

MORTGAGE CREDIT NEWS BY LOUIS S. BARNES -5-25-18

On the Friday before Memorial Day markets close early, and the whole week is usually a snoozer, Wall Street big shots already headed for the Hamptons to kick sand on weaklings. Surprise! And not just…

Commentary 18 May 2018

MORTGAGE CREDIT NEWS BY LOUIS S. BARNES 5/18/18

Only two financial markets moved this week: oil, Brent crude reaching $80/bbl, and long-term rates rising decisively, the 10-year T-note to 3.12% taking mortgages within an inch of 5.00%. The two moves are not linked.…

Straight Stats 18 May 2018

Mortgage Rates Increase on Inflation Concerns

Mortgage interest rates increased this past week on inflation concerns associated with higher commodity prices and a potential trade war with China.  Economic data was mixed.  Economic data stronger than expected included the May Empire…

Straight Stats 11 May 2018

Mortgage Rates Increase Slightly Despite Mostly Weaker Economic Data

Mortgage interest rates increased slightly despite mostly weaker than expected economic data.  Economic data weaker than expected included March Consumer Credit, the April NFIB Small Business Optimism Index, the April Producer Price Index (PPI), March…

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