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☆ Mortgage rates are likely to stay high after Trump's election win—despite Fed rate cuts
▼ + stars: | 2024-11-07 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

Following Donald Trump's Presidential election win, 30-year fixed mortgage rates briefly surged, settling at 6.98% as of Thursday, according to Mortgage News Daily . Recent interest rate cuts have brought relief to credit card, personal loan and auto borrowers, but homebuyers are unlikely to catch a break as mortgage rates continue to climb. While mortgage rates often move in step with the Fed's benchmark rate, they're more directly tied to 10-year Treasury bond yields. These yields tend to rise when investors expect stronger economic growth and higher inflation — even when the Federal Reserve is cutting the federal funds rate. Either way, "continued deficit spending, coupled with discussions of additional tariffs on imports, is likely to keep [mortgage] rates elevated through the remainder of 2024," says Nourmand.

Persons: Donald Trump's, Melissa Cohn, William Raveis, Harris, Michael Nourmand, — Organizations: Reserve, Mortgage News, Federal Reserve, William Raveis Mortgage, Trump, Associates, CNBC Locations: New York, Los Angeles

☆ While investors are focused on Big Tech earnings, a homebuilder gives a dire warning
▼ + stars: | 2024-10-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

There could be trouble ahead for consumers and the economy if interest rates don't come down, the latest financial results from D.R. "While mortgage rates have decreased from their highs earlier this year, many potential homebuyers expect rates to be lower in 2025," he said in a statement . Horton year to date The rate for a 30-year fixed mortgage is currently 7%, according to Mortgage News Daily . Mortgage rates are tied to the yield on the 10-year Treasury note, which has recently spiked higher. For the fiscal fourth quarter that just ended, it reported earnings of $3.92 per share on revenue of $10 billion.

Persons: Horton, David Auld, LSEG Organizations: Wall, Mortgage News, Federal Reserve, Treasury, Toll, Pulte, KB, Home Locations: Arlington , Texas

☆ Inflation, earnings and AI are the three market drivers we're watching this week
▼ + stars: | 2024-10-06 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Friday's rally on a strong jobs report gained momentum into the close and pushed the stock market into the green for the week. Inflation data: The September consumer price index (CPI) report is out Thursday. The September producer price index (PPI) is out Friday. Jim said last week that investors who don't own AMD shares should buy some ahead of CEO Lisa Su's presentation. ET: Consumer price index 12 p.m.

Persons: we'll, Jim Cramer, Friday's, Matthew Graham, Israel, Joe Biden, Wells, Jim, we're, We're, Morgan Stanley, Lisa Su's, Su, Jim Cramer's, Michael M Organizations: Dow, Nasdaq, Federal, Mortgage News, Mortgage News Daily, CNBC, Devices, PPI, Bank, Nvidia, SOXX Semiconductor, PepsiCo, Delta Air Lines, DAL, JPMorgan, Jim Cramer's Charitable, Traders, New York Stock Exchange, Santiago, Getty Locations: U.S, Iran, Israel, Wells Fargo, BlackRock, New York City

☆ Wall Street is bullish on mortgage-backed securities for their juicy yields and attractive fundamentals
▼ + stars: | 2024-01-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

For investors looking for high-quality income with the potential for significant total return, agency mortgage-backed securities (MBS) may be the answer. Fitting MBS into your portfolio In fact, Atluri believes agency MBS are more attractive than investment-grade corporate right now. In addition, agency mortgage-backed securities also trade defensively if the economic outlook were to worsen, he added. About 25% of core bond fund holdings are in mortgage-backed securities, according to Morningstar. "Mortgage-backed securities didn't do as well [as investment grade] last year," said Wei Li, BlackRock's global chief investment strategist.

Persons: Fannie Mae, Freddie Mac, Ginnie Mae, Jason Smith, Neuberger Berman, Smith, Michael Kessler, Kessler, Pramod, Atluri, Morningstar, Wei Li, Albion's Kessler Organizations: Agency MBS, U.S ., MBS, Mortgage News, Albion Financial Group, Federal Reserve, Capital Group, Fund of America, BlackRock

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