Home Price Appreciation Remains, But Interesting Trend Emerges
Both of the major purveyors of home price indices have been in agreement for the better part of a year that the average home is appreciating between 4 and 5 percent per year. The FHFA House Price Index showed only a 0.1% uptick in February while the Case Shiller Home Price Index rose 0.7%. In a
Rates Pull Back Slightly After Stronger Economic Data
Bonds Brace For More Data-Driven Volatility Today's ISM Manufacturing data played the role of coalmine canary today, and although it's not the most vigorous canary anyone's ever seen, it also wasn't dead. That wasn't good for bonds today as ISM is viewed as a go
Another Small Victory For Mortgage Rates
Mortgage rates continue enjoying a completely different volatility regime compared to just a few weeks ago. Back then, it wasn't a surprise to see the top tier average rate move by more than 0.10% on any given day, nor was it uncommon to see multiple changes during the same day. Fast forward to
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