Mortgage rates are either higher or lower today, depending on the lender in question. Some lenders raised rates on Friday afternoon in response to weakness in the bond market (lenders set rates based on the trading levels of MBS, the bonds that underlie the mortgage market). Those lenders are actually slightly lower today. Lenders who […]
Mortgage Rates Inch Higher From 3 Year Lows Read More »
It’s a data-free Monday on a holiday-shortened week and there aren’t any high-impact headlines or massive stock swings to spark any serious bond market movement. Nonetheless, bonds have found a reason to rally ever-so-slightly this morning. Because yields were already at the low end of November’s range on Friday afternoon, the result is that today’s
Bonds Inch to Best Levels in Over 3 Weeks Read More »
C3.ai Drops as Company Replaces CEO, Withdraws Outlook Just Now Shares of C3.ai (AI) fell Thursday, a day after the artificial intelligence software provider announced that it had replaced its CEO, posted weak results and withdrew its guidance. The company said Stephen Ehikian replaced Thomas Siebel as of Sept. 1. C3.ai called Ehikian a “recognized innovator in
Stocks Inch Higher After Fresh Employment Data Read More »
In a world (like this one) where mortgage rates are dictated by bond market movement and where bonds take cues from certain economic reports, weeks like this one can be frustrating or boring. Until today, there haven’t been any actionable economic reports to inspire a bond market reaction. Unfortunately, today’s data was relatively unfriendly for
Mortgage Rates Inch Higher Yet Again Read More »