Oil prices continue to fall

Financial markets leaning toward the end of higher rates and inflation next year; a pullback in commodities and the prospect of easing price pressures prompted traders to price in a peak for Fed rate hikes by the end of the year. If the Fed does...

Markets under pressure ahead of holiday weekend

By the end of the day yesterday the 10 yr. note was down 8 bps and MBS prices down 2 bps; it was another volatile session, MBSs at 9:30 am ET yesterday down 102 bps and the 10 at 3.44%. This morning...

Doggie beds: a gross breeding ground

Okay, so it’s understandable to hesitate when making this analogy: do you wash your dog’s bed even 1/10th as often as you change your sheets? Probably not. But you figure...

European Central Bank confirms they will look to raising their key rates

Initial Weekly Jobless Claims increased by 229K vs. est. of 210K. The more closely watched 4 week moving average moved upward to 215K. Continuing Claims were...

‘Build it and they will come’ has never been truer than now

The straw that stirs the soup, so to speak. If you want more housing (which we DO), home builders must build more homes. And they can’t do that without a big labor force...