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MORTGAGE CREDIT NEWS BY LOUIS S BARNES – 11-1-19

We interrupt all of that other stuff for a brief message from the outside world, and good news. Normally, good news is bad for interest rates, but the news is so delicately good that it has not hurt rates. The 10-year T-note has retreated from 1.80%, and mortgages are still trading close to 4.00%. At…

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MORTGAGE CREDIT NEWS BY LOUIS S BARNES – 10-18-19

The top financial stories underway: an outbreak of good news around the world has pushed up interest rates, countered in paart by paralysis in advance of the Fed meeting on the 30th, and concern for rapidly shifting US politics. There were no meaningful new economic reports this week, all steady as she goes, no rising…

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4 Benefits of Owning a Home

For many people owning home is major goal in their life. Owning a home can seem like an intimidating task because of the obligations and responsibilities that are entailed in the process but do not let that scare you. Here are the 4 biggest benefits of owning a home. 1. Gain Equity: Home equity is…

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MORTGAGE CREDIT NEWS BY LOUIS S BARNES – 10-11-19

We have interest rate and Fed surprises, but lost in all of that other stuff. Long-term rates have jumped in the last 48 hours on hopes for a trade deal with China (which may be aided by all of that other stuff), and even a Brexit deal. The jump has several lessons about who pushes…

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MORTGAGE CREDIT NEWS BY LOUIS S. BARNES – 8-30-19

Now we wait. Will the September 1st tariffs take effect, or will China or the White House blink? If they take effect, how soon the effect on rates? Will the world’s central banks follow through with a cascade of cuts? Will overseas weakness spread to the US? Should the Fed cut before? In order, no…

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MORTGAGE CREDIT NEWS BY LOUIS S BARNES – 8-9-19

How to explain to mostly sensible homeowners and their Realtors, many properly preoccupied by El Paso and Dayton, that today‘s mortgage rate was set the night before by China’s daily fixing of the exchange rate of its yuan? The net effect this week has been small since the new tariff announcement last Thursday, but exciting…

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MORTGAGE CREDIT NEWS BY LOUIS S BARNES – 8-2-19

In moments of chaos, set the thinking thermostat on ice-cold. Try to find the center of probability ahead, no wild swings. Put wishes aside. No prisoners. Credit markets watch the Fed — and the economy, because that’s what the Fed watches. last week I thought we knew this week’s risks if not the outcomes: the…

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Mortgage Credit News by Lou S Barnes- 7/19/19

Markets are quiet, most of the country with any sense on vacation near water, and anyway waiting for something to happen (Iran may solve that problem). Which provides a moment to back away from the immediate scene and to examine the overall, odd situation, and the making of Fed policy at its meeting in ten…

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MORTGAGE CREDIT NEWS BY LOUIS S BARNES- 5/3/2019

With so much going on it’s quite an accomplishment for long-term rates to be unchanged for the fifth week in a row. Maybe an extended April Fool, but the 10-year T-note is stuck on 2.50% and lowest-fee mortgages near 4.50%. This morning’s bulge in April jobs has had no effect, partly because wage growth did…

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MORTGAGE CREDIT NEWS BY LOUIS S BARNES- 4/26/2019

Apologies for interrupting the NFL draft, and the entire Democratic party running for president. But we have unusual news from the financial markets, the economy, and the Fed. Four weeks into April, and the all-important 10-year T-note has traded between 2.47% and 2.59% the entire month. Unusual? Hah. 10s were supposed to continue their upward…

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