Multiple Fed News Today

Risk aversion dominates amidst rising concerns of Israel-Hamas escalation. Resounding National election victory wont impact NZD direction

The US Dollar still found no love as traders continued piling into Wall Street despite not-so-dovish commentary from Federal Reserve officials. Will PCE data revive the DXY Index?

The most recent historical high water market for mortgage rates was "14 years."  It was broken so many times in September that we officially declared it to be boring last Tuesday.  Now, less than a week later, 14-year highs would be more exciting than boring.  As of mid-day today, we're officially at 20 year highs. Perhaps it should be "unofficial," because our daily rate records only go back to the beginning of ...

Mortgage Rates Spooked By Taper Talk (Over)reaction May 19 2021, 3:51PM Mortgage rates began the day in line with yesterdays levels, for the most part.  Things changed in the afternoon.  Bonds began to deteriorate modestly after a scheduled Treasury auction.  These types of auctions can add clarity to the "demand" side of the supply/demand equation, thus causing a bit of bond market movement at times.   The bigger impact followed the release of the minutes fro...