“Inflation is really getting out of hand... But that's just my 5 cents.” Inflation impacts the prices of fixed-income securities, like the kind backed by mortgages. Inflation takes a while to move, but this week President Donald Trump this week admitted that prices are rising but insisted that it’s not his fault despite repeatedly claiming […]
Deep Dive on Today's Misunderstood Fed Comments Today's only potential big ticket event was the release of the minutes from the Fed's most recent meeting (3 weeks ago). These weren't very likely to cause a stir, but an odd inclusion caught the market's attention. In not so many words, it had to do with the […]
It was almost a mildly interesting day as rates started out slightly higher. To be fair, even that would not have been too interesting because the move was so small that most rate quotes would have been unaffected. Still, just to be sure to avoid any and all excitement, rates received a minor, friendly bump […]