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“Alexa, where’s my damn package?” (Page down 3-4 times to the video.) Life is full of surprises, good and bad. Rates aren’t a surprise… The U.S. Federal Reserve can only do so much about inflation. Geo-politics are a big deal, of course, and there is nothing our Fed, tasked with maintaining economic stability in this country, can do about those. Vendors and lenders are doing what they can, cutting over-capacity and expenses. Capital markets staffs everywhere are interested in which investors have pushed out the $2,500 Freddie and Fannie month-old HomeReady credit, as well as non-QM, jumbo, co-issue, and servicing buyers. (STRATMOR’s current blog is titled, “It’s 2024: Do You Know Where Your Servicing Is?”) Speaking of capital markets, today’s TMC Rundown features Mutual of Omaha’s Matt Nyman. (Found here, this week’s podcast is sponsored by Truv. Truv lets applicants verify income, employment, assets, i ....
Prince William Board of County Supervisors Chair Deshundra Jefferson on Tuesday directed staff to research ideas to grow agribusiness and agritourism on the county’s rural western end. ....
A bit in lockstep with US Treasuries, the dollar still fails to fully play its safe haven role in times of uncertainty. DXY eases slightly to 106.30 in a technically insignificant move. Idem for EUR/USD. The pair (1.0575) reversed yesterday’s decline but first resistance at 1.064 stays out of reach. USD/JPY is still paralyzed in a tight range close to, just below 150. Interesting price action in sterling. Trying to overcome the EUR/GBP 0.8706 range top, the UK currency touched the weakest level against the euro since end May. Markets aren’t convinced at all that higher than expected September inflation will cause the BoE to resume its anti-inflation campaign at the November meeting after taking a pause (at 5.25%) last month. UK retail data to be published tomorrow might decide on the EUR/GBP break. ....