Markets quiet as expectations shift for 2022

Stock indexes in early futures trading were about unchanged, but slightly lower. The 10 yr. note yield bumped up 3 bps to 1.52%, MBS prices opened -9 bps. The coronavirus, Federal Reserve policy tightening, and China’s outlook are among

Markets show little reaction to housing data

October FHFA Housing Price Index showed a MOM gain of 1.1% vs est of 1.2%. The YOY...

Learning to build a house may be the best career of all

Not a lot of kids grow up dreaming of being a house framer. Or a plumber. Or a roofer. And many of their parents may have pushed them toward a career in something they considered more “meaningful” — one that requires a college degree. But labor shortages in...

December Consumer Confidence beats expectations

Dec consumer confidence was expected to be 110.7 but came in as 115.8 and Nov was revised from 109.5 to...

Markets quiet ahead of afternoon bond auction

We have an important 20 year Treasury Bond auction today at 1 pm...