For this week in financial blunders, it doesn’t matter if you’re a Grammy winner, a condiment staple, or the world’s third largest economy.
Find out how much you can save with our low mortgage rates. Let's talk today!
Tag Archives | Japan
Mortgage Bonds Slightly Lower on Possible EU Bailout
Mortgage bonds are slightly lower this morning on the possibility that the European Union will bail out both Portugal and Ireland. The markets will also [...]
Treasuries and Mortgage Bonds Rise on Global Crises
Treasuries and mortgage bonds are higher as Japan’s nuclear crisis worsened, the U.S. and its allies intensified attacks on Libya, and specualtion increased that Portugal [...]
Treasuries and Mortgage Bonds Down Slightly As Demand For Safety of Government Debt Abates
Treasuries and mortgage bonds are down slightly from yesterday’s close. The demand for the safety of government debt has abated as the Japanese nuclear situation [...]
Mortgage Rates Decline in Response to Global Events
Ongoing uncertainty in world markets has created the lowest mortgage rate environment in three months, opening another window for homeowners hoping for rock-bottom rates.
Market Update – Private Sector Jobs Drop 39K in September
Bonds are up this morning following the ADP employment report which showed that jobs in the private sector dropped 39K in September. Also, pushing bonds up this morning was the news that the Bank of Japan announced overnight that it will expand its balance sheet in an effort to stimulate the economy. In other economic news, despite the historical low rates, mortgage applications fell for the fourth straight week.
Market Update – Japan to Lower Interest Rates
Mortgages are higher on the news that the Bank of Japan is lowering interest rates and will be purchasing assets. The announcement fueled speculation that the U.S. may do the same in the near future.
Market Update – Japan Reigns in Yen's Strength to Buy Dollars
Japan surprisingly stepped in yesterday to reign in the yen’s strength. This move boosted demand for short-dated Treasuries while weakening long-dated securities (10/30 year Treasuries and mortgages) because short-dated Treasuries are believed to be Japan’s favored place to put its dollar proceeds. This morning, the treasury and mortgage markets have continued yesterday’s sell-off.
WE WANT YOUR FEEDBACK