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  • The Drift Continues February 22, 2024
    The Drift Continues Bonds only had a small reaction to the stronger Jobless Claims data, despite the reference period being the same as the next NFP number.  Traders were more interested in the lower price pressures reported in the S&P PMI data.  This suggests a certain level of receptiveness to some of the other 2nd […]
  • Mortgage Rates Just Slightly Higher February 22, 2024
    Mortgage rates continue making nearly microscopic movements in day-over-day terms, but they continue adding up.  Today's increase over yesterday was negligible, but yesterday matched the highest levels in more than 2 months.  That leaves today with the dubious distinction of being the new multi-month high, even though many borrowers may not see meaningful changes in […]
  • Green Shoots For Existing Homes Ahead of Spring Market February 22, 2024
    Prospects for the spring market look a bit brighter as January numbers show an increase in both the pace of existing home sales and the size of the unsold inventory. The National Association of Realtors® (NAR) said sales of pre-owned single-family houses, townhomes, condominiums, and cooperative apartments were at a seasonally adjusted annual rate of […]

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