Inflation pressures have been easing since hitting a cyclical high two years ago this month. Today, the Fed's favorite inflation gauge, the Core PCE, fell to 2.8% year over year, down…

Where are rates headed? Near-term the trend is sideways to higher with bond prices falling and yields rising. Why? Concerns about debt, stronger than expected economy, fading rate cut hopes, reignited…

  The Federal Housing Finance Agency (FHFA) reported today that home prices rose 0.1% last month and are up 6.6% from a year ago.  As the overseer of Fannie &…

Surprisingly, New Home Sales rose rose 1.5% last month to an annual nationwide rate of 661K.  The astonishment was not in the fact that more new homes sold than the…

I think I've got some bad news.  Probably more for me than for most of you. You who are sitting on a 2.75% mortgage rate and have neither the need…

Existing Home Sales have risen 3.1% over the most recent quarter to an annual rate of four million properties sold. Inventory has risen 2% to just over one million, which…

Notes released from the last Fed meeting show that the FOMC is optimistic that the way they have handled the rate increases have effectuated their desired outcomes thus far.  Not surprisingly,…

Happy President's day!  The markets are closed of course.  Since Jan 1, interest rates have slowly risen back up to where they were just before Thanksgiving. We hope to see…

Like cupid with a Xanax arrow, Chicago Fed President Austan Goolsbee calmed markets this morning after the post-CPI freak out yesterday.  He reassured America that the Fed is absolutely expecting to…

  With inflation having been the buzzword for the last three years, we continue to monitor it's attenuation toward the Fed's 2.0% target.  Because reported inflation tracks the cost of everything…

I understand that not everyone likes graphs as much as I do. I'm a data dork in that sense. You'll see here that MBS pricing has dropped below the floor…

This happens to be an actual exclusive photograph of Jerome Powell dropping into a big wave that's about to get even more powerful. To ride something like this out you've…

UPS announced this morning they'll be laying off 12,000 workers in the coming weeks due to lower demand for their services and higher demand from their workers to receive higher pay. UPS employs…

The bond market is sailing smoothly into the Fed meeting next week. There is still a 97.4% probability that the FOMC votes to drop rates by 1/4% on the 31st.  No…