After last week’s dip in jobless claims, more labor market data is due this week, as well as the Fed’s preferred inflation gauge.
The post Week Ahead on Wall Street appeared first on SoFi.
After last week’s dip in jobless claims, more labor market data is due this week, as well as the Fed’s preferred inflation gauge.
The post Week Ahead on Wall Street appeared first on SoFi.
Big Sell Off After a Nice Rally. Blame The Fed Either Way?
Today was one of the rare breed where both stocks and bonds made massive moves without any indisputable, overt, new justification. It was a gradual, methodical move by intraday standards. It came on slowly at first, accelerated into the crux of AM liquidity hours, and faded in the afternoon. While we can point to one or two individual considerations, none of them are up to the task of expl...
Big Sell Off After a Nice Rally. Blame The Fed Either Way?
Today was one of the rare breed where both stocks and bonds made massive moves without any indisputable, overt, new justification. It was a gradual, methodical move by intraday standards. It came on slowly at first, accelerated into the crux of AM liquidity hours, and faded in the afternoon. While we can point to one or two individual considerations, none of them are up to the task of expl...
There has been a lot of talk in the last few years (and increasingly since the pandemic) that large institutions such as BlackRock and Zillow are buying up the housing stock in the United States. These purchases are driving prices up and making homeownership unaffordable for the regular Jack and Jill. In real estate investing, being able to afford homes for rentals is paramount. It is also important to not only be able to purchase properties but also to ensure you are maintaining a solid investm...
There has been a lot of talk in the last few years (and increasingly since the pandemic) that large institutions such as BlackRock and Zillow are buying up the housing stock in the United States. These purchases are driving prices up and making homeownership unaffordable for the regular Jack and Jill. In real estate investing, being able to afford homes for rentals is paramount. It is also important to not only be able to purchase properties but also to ensure you are maintaining a solid investm...
10yr yields came into the day looking comfortable in the rejection of the 3% ceiling that was briefly tested yesterday and overnight. That occurred amid significant curve steepening (thinks 2s and 10s moving farther apart). Now today's them is back to flattening (2s and 10s closer together). In fact, more than anything, it's been the yield curve that has found a trading range heading into the Fed. This makes sense as the market balances the rate hike outlook (which affects 2s more) again...
10yr yields came into the day looking comfortable in the rejection of the 3% ceiling that was briefly tested yesterday and overnight. That occurred amid significant curve steepening (thinks 2s and 10s moving farther apart). Now today's them is back to flattening (2s and 10s closer together). In fact, more than anything, it's been the yield curve that has found a trading range heading into the Fed. This makes sense as the market balances the rate hike outlook (which affects 2s more) again...
Keeping an eye on the Federal Reserve’s plan to shrink its portfolio is Byron Boston, the CEO and co-chief investment officer at Dynex Capital.Boston sees the slow process of unwinding the Fed’s balance sheet, which officially began Wednesday, as potentially leading to an opportunity for his company, a real estate investment trust.“As the mortgage assets cheapen and provide better returns, then we've got solid capital to deploy,” he said in a recent interview.A former Wall Street mortga...
Keeping an eye on the Federal Reserve’s plan to shrink its portfolio is Byron Boston, the CEO and co-chief investment officer at Dynex Capital.Boston sees the slow process of unwinding the Fed’s balance sheet, which officially began Wednesday, as potentially leading to an opportunity for his company, a real estate investment trust.“As the mortgage assets cheapen and provide better returns, then we've got solid capital to deploy,” he said in a recent interview.A former Wall Street mortga...
The purpose of MBS purchases was to repress mortgage rates and inflate home prices. That process has already started to reverse. By Wolf Richter for WOLF STREET. A date for history: Today, September 15, the Fed stopped buying mortgage-backed securities altogether. It had been tapering its purchases since late last year. Since June, when the phase-in of QT started, it still purchased MBS to replace some of the pass-through principal payments from mortgage payoffs and mortgage payments that red...
The purpose of MBS purchases was to repress mortgage rates and inflate home prices. That process has already started to reverse. By Wolf Richter for WOLF STREET. A date for history: Today, September 15, the Fed stopped buying mortgage-backed securities altogether. It had been tapering its purchases since late last year. Since June, when the phase-in of QT started, it still purchased MBS to replace some of the pass-through principal payments from mortgage payoffs and mortgage payments that red...
After a strong housing market runup, the Federal Reserve is looking to tame this economic beast with yet another rate hike. Most investors see now as a time to take […]
After a strong housing market runup, the Federal Reserve is looking to tame this economic beast with yet another rate hike. Most investors see now as a time to take […]
Home prices are a big part of the housing market. But not as big as interest rates. As the Federal Reserve sets out to “kill the economy” with rising mortgage […]
Home prices are a big part of the housing market. But not as big as interest rates. As the Federal Reserve sets out to “kill the economy” with rising mortgage […]
Tax policy today enables big investors to deduct the full cost of interest on an unlimited amount of funds to acquire single-family homes.
The post Opinion: Stop subsidizing Wall Street buying up homes appeared first on HousingWire.
Tax policy today enables big investors to deduct the full cost of interest on an unlimited amount of funds to acquire single-family homes.
The post Opinion: Stop subsidizing Wall Street buying up homes appeared first on HousingWire.
