Panic In (Fed) Needle Park! Mortgage Purchase Applications INCREASE Despite Rapid Rise In Mortgage Rates (FEAR Of Further Fed Taking Away Punchbowl)

by confoundedinterest17 Today, the US Treasury 10-year yield exploded upwards by over 12 basis points. With it, the 30-year mortgage yield is above 5%. And MBA Mortgage Purchase Applications are actually increasing. Today’s bond market summary shows the 10-year Treasury yield …

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Slowing! Mortgage Purchase Applications Down 2% From Previous Week, Down 8% From Same Week Last Year (Bankrate’s 30Y Mortgage Rate Rises To 4.46%)

by confoundedinterest17 Mortgage applications decreased 1.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 11, 2022. The seasonally adjusted Purchase Index increased 1 percent from one …

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MBA Mortgage Purchase Applications Rise 11%, Refi Applications Rise 9% From Previous Week, But Refi Apps Still Down 50% From Same Week Last Year (10Y-2Y Treasury Curve Continues To Flatten)

by confoundedinterest17 The mayhem caused by the Russian invasion of Ukraine is helping drive down interest rates … for the time being … and this is helping push down mortgage rates and increase mortgage applications. Mortgage applications increased 8.5 percent …

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How to Purchase Bonds

Purchasing bonds isn’t as difficult as it may seem. However, before you purchase a bond, you must first understand the various varieties and what to look for. Bonds are a kind of investment that involves lending money to a business …

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Only 11% of Tesla drivers purchase FSD. Whilst NVIDIA for example, sells driving tech to Volvo, Mercedes, Xpeng, etc, Tesla is barely selling it’s tech to its own automobile customers.

by Historical_Job_8609 Take up of FSD by Tesla owners is at all time lows of 11%. https://www.insideevs.com/news/530307/survey-tesla-fsd-take-rate Investors are so often told Tesla is not a car company but a tech company. It makes no business to business tech sales …

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US Mortgage Purchase Applications UP 3.24% From Previous Week As Mortgage Rates Rose To 3.30% (But Purchase Applications Down 9.3% From Same Week Last Year)

by confoundedinterest17 Mortgage purchase applications rose 3.24% from the previous week, according to data from the Mortgage Bankers Association. However, purchase applications are down 9.3% from Mortgage refinancing applications declined -1.57% from the previous week as mortgage rates rose from 3.23% …

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BUT THE PEOPLE WHO PAY FOR IT WON’T: Coloradans receiving SNAP benefits to purchase food will see significant increase a month starting Friday.

COLORADO SPRINGS, Colo. (KKTV) – Heads up SNAP recipients! Starting Friday, you will receive a significant increase a month on your benefits. The Supplemental Nutrition Assistance Program (SNAP) helps low-income households in Colorado purchase food. On October 1st, Coloradans participating in SNAP …

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Mortgage Purchase Applications Rise 1% From Previous Week, But Down 18% From Last Year Thanks To Unaffordable Home Prices

by confoundedinterest17 Simply unaffordable is what singer Robert Palmer would say. Homes, that is. Mortgage applications increased 2.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 6, …

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Federal Reserve’s Bizarre Mortgage-backed Securities (MBS) Purchase Strategy With Ultra-low Available Housing Inventory (Housing Bubble Preservation?)

by confoundedinterest17 Chairman Powell, tell me why The Federal Reserve is buying so much agency mortgage-backed securities (MBS) while there is a dearth of available housing inventory? Especially when home prices are growing at 12.2% year-over-year? Mortgage rates were already falling starting …

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