Explore how economic indicators such as Jobless Claims and GDP data are key drivers in subtle yet tangible oscillations within the bond market and yield dynamics. Market Reaction to Economic Indicators The bond market’s fluctuating temperatures were intrinsically linked to job market data, clearly marking the correlation between labor market indicators and bond market dynamics.…
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Rocket Mortgage Takes Aim at UWM with New Initiative: Empowering Brokers
Rocket Mortgage challenges UWM’s divisive policy with the Bully Shield program, financially supporting brokers who opt not to comply. Empowering choice in the mortgage industry. Rocket Mortgage has set its sights on United Wholesale Mortgage (UWM) with an exciting new initiative that aims to empower brokers. In a recent webinar, Rocket Pro TPO’s Executive Vice…
Fed Chief Jerome Powell Outlines Interest Rate Forecasts, Elucidates Prospects for a ‘Soft Landing
In today’s fast-paced economic environment, all eyes were once again fixated on the Federal Reserve’s meeting, presided over by Fed Chief Jerome Powell. In an atmosphere of heightened anticipation, Powell presented the much-awaited rate outlook, additionally shedding light on the chances of achieving a ‘soft landing’ in the currently tumultuous economic scenario. Here, we dissect…
After a Brief Respite, Mortgage Rates Ascend Once More
Mortgage rates are once again climbing, now consistently exceeding 7%, with investors keenly observing the ramifications of the escalating inflation, all eyes are on the Federal Reserve’s upcoming decision regarding interest rates next week. The latest data from Freddie Mac’s Primary Mortgage Market Survey — which specializes in analyzing standard loans with a 20% down…
Navigating the Mortgage Market: A Glance at Surging Interest Rates and Projections for 2024 and 2025
The recent trajectory of the mortgage market has given potential homebuyers and investors much to mull over. The focal point of discussions is inevitably the escalated interest rates, which have soared to their highest levels since 2001. This dramatic shift in the landscape prompts a closer analysis of the current market conditions and projections for…
Only 16 mortgage lenders and brokers have secured positions on the Inc. 5000 list for the year 2023
Reflecting the challenges faced by the housing industry, a mere 16 mortgage lenders and brokers have secured their positions on the annual list of Inc. Magazine’s 5,000 fastest-growing private companies in the U.S. for the year 2023. This marks a significant drop from the previous year, 2022, when almost 70 mortgage lenders and brokers were…
Landmark Verdict: Jury Awards $612 Million to Fannie and Freddie Shareholders
In a momentous legal decision, a jury has awarded $612 million to shareholders of Fannie Mae and Freddie Mac, two of the United States’ largest mortgage finance companies. This verdict has sent ripples throughout the financial and legal landscapes, underscoring the complex relationship between government intervention, shareholder rights, and the broader implications for the housing…
Market Review: Volatility Sparks In Response To Crucial Inflation Data
The Week of August 14th, 2023 This week’s market review highlights the impact of crucial inflation data on market volatility, as well as the opportunities presented in homeownership. Read on for more insights. Is Consumer Inflation Resurfacing? The Consumer Price Index (CPI) for July indicates a 0.2% rise in inflation, slightly below estimates. However, on…