Following a few stocks in the ASX 300 of particular interest, HLI represents a potential bullish opportunity should momentum continue and newer highs be made past the current position. I'll cover this more in the upcoming weekly video, however as can be seen in the chart, the stock price has respected prior support of $3.47 and thus far intraday is also achieving...
- The People’s Bank of China on Tuesday trimmed its one-year loan prime rate (LPR) by 10 basis points from 3.65% to 3.55%, and reduced the five-year rate by the same margin to 4.2%. The cuts follow reductions in other interest rates last week.
The LPR sets the interest that commercial banks charge their best clients, and serves as the benchmark for household and...
The chart below is comparison between Schiller Housing Index (barchart) vs Federal Home Loan Bank (FHLB) balance sheet (linechart). In case you don't know what is FHLB - it's a second to last resort of lender that provides liquidity to US home loan after the FED. Quite recently FHLB is reducing their balance sheet from 1T to around 800B to take out liqudity from...
30-Year Fixed Rate Mortgage Monthly
Well I guess I'm glad my mother-in-law's basement isn't a total dungeon.. What's sunlight? I'm familiar with grass because that's eye level when I'm looking out our window. Big brother JP, the head of the Fed, says rates aren't going anywhere any time soon, and we've all heard the fear mongering of 8% mortgages coming. Why...
CBOT: 30-Year Micro Yield Futures ( CBOT_MINI:30Y1! ), Treasury Bond Futures ( CBOT:ZB1! )
As a result of runaway inflation and rising interest rates, US home buyers are confronted by high home prices, high down payments, and high monthly mortgage payments.
A sneak peek into official housing market data between 2021 and 2023:
• Median sales price of houses sold...
The inflation battle is far from over in the UK. In fact, the nature of inflation is taking a new form as the root cause moves away from external to more domestically driven shocks. While the headline rate remained unchanged at 8.7%yoy in May, core inflation accelerated to 7.1% in May from 6.8% in April, marking the highest rate since March of 19922.
In response...
We have an inverted yield curve today - When the near end yields or interest rates is higher than the far end, we have an inverted yield.
What is its implication and any attributes?
To understand the implications of an inverted yield curve, it is crucial to know what a yield curve is and how it works.
A healthy yield curve –
It shows the relationship between...
Lumber and 30 year Mortgage – weekly scale: FRED 30 year rates lag most mortgage rates already above 5%. It has been since 2018 since rates were above 5% and lumber was sub 300.00. High priced lumber (any high priced commodity) will eventually correct itself. High prices cure high prices. Now the pinch is on and rates are reacting. Cost of money is no longer...
While it might not be the subprime/GFC “SELL” kind of situation, the real estate sector is undoubtedly facing headwinds.
With the most recent Fed’s preferred inflation measure, the Personal Consumption Expenditure (PCE) printing higher than consensus, maybe it’s about time we take the Fed’s hawkish commentary more seriously. To review, let us look at...
comparisons are telling us simply when more people are able to borrow money real estate does better. interest rate data from whale crew tells us as long as we climb this indication the risk gets worse for borrowers. as long as those go in the specified direction im looking at higher prices in this fund. all is normal as in everyone is doing fine, and still doesnt...
Altisource Portfolio Solutions S.A. operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States, India, Luxembourg, Uruguay, and internationally. It provides property preservation and inspection services, payment management technologies, and a vendor management oversight software-as-a-service (SaaS)...
The technical figure Channel Down can be found in the daily chart in the US company US Bancorp (USB). U.S. Bancorp is an American bank holding company. It is the parent company of U.S. Bank National Association, and is the fifth largest banking institution in the United States. The company provides banking, investment, mortgage, trust, and payment services...
Since Fed's tapering began in the end of 2021, mortgage figures have been in a mark up phase. There is still no indication of a correction. As a result of it, housing prices may not find support for new high levels. Monthly price changes in the negative territory are supporting this idea in the last months.
However, the year over year housing price changes are...
Well this looks extremely bad.
To those who aren't familiar with this ETF
- Product summary
- Seeks to provide a moderate and sustainable level of current income.
- Invests primarily in U.S. agency mortgage-backed pass-through securities issued by Ginnie Mae (GNMA), Fannie Mae (FNMA), and Freddie Mac (FHLMC).
- Moderate interest rate risk, with a...
#10 Mortgages
The chart below shows the average single-family U.S. home price multiplied by the 30-year fixed mortgage rate. This chart attempts to show how dramatically higher the financial burden of home ownership has become in the United States. Using a cross chart allows us to better visualize the rate of change. Each cross represents one month.
We...
SubPrime mortgages caused the last recession (07-08 financial crisis). Much of it was a self-feeding cause and effect somewhat led by a 5 year rapidly increasing cost of Housing (especially new homes). 45% rate of change over 5 years; 227k up to 329k.
Interest rates at the time were considered fair, and decreased from 7.25% to 6.25% during the 5 year run up. ...
