Matthew Graham - Mortgage News Daily


Last quote by Matthew Graham

Investors have been bracing for this balance sheet tapering business for a long time and, for the most part, a certain pace of tapering is already priced-in to today's rates. No, I'm not worried about '70s-style hyperinflation – simply the small chance that inflation can manage a healthy enough rebound to steel the Fed's resolve to tighten policy. If core inflation were to return above 2 percent and continue trending moderately higher, it would be a game changer for
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Aug 25 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Matthew Graham is associated, including Fed and December. Most recently, Matthew Graham has been quoted saying: “Markets took solace in the absence of global nuclear war by buying stocks and selling bonds. Net selling pressure in bonds pushes rates higher.” in the article Mortgage rates drop to lowest since election, but borrowers barely budge. An other article where Matthew Graham has been quoted is Mortgage applications slide 2.8%, even as interest rates stay low.
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Matthew Graham quotes

Apr 26 2017 - French election 2017

In general, investors have piled back into riskier assets like stocks because the French election reduces long-term risks to the European Union. The prospects for tax reform have a similar effect in that they encourage investors to favor riskier assets at the expense of bonds. When demand for bonds decreases relative to supply, rates move

Apr 12 2017 - French election 2017

Bond markets (which drive mortgage rates) benefited from investors seeking safe haven after headlines broke regarding North Korea's nuclear threats against South Korea and the U.S. Other geopolitical considerations regarding Russia's potential involvement with Syrian gas attacks and the French election added to the bond market

Apr 05 2017

Although the minutes are merely a more detailed account of the Fed meeting from mid-March, they can nonetheless cause significant volatility for

Mar 15 2017

We won't know if the Fed's actual forecasts are faster or slower than expected until we see how markets react at 2 p.m. ET. If the Fed accelerates less than expected, there is still a chance for mortgage rates to hold the line at the current ceiling (4.375 percent for top-tier, 30-year fixed scenarios for the average lender). If forecasts outpace expectations, rates could move higher

Mar 08 2017

Combine the past few days of limited movement with the bigger-picture post-election range, and there's a sense that we're waiting for a verdict about where we go next. [That] makes the next six business days scary. It's ultimately next Wednesday that has the biggest potential to push rates higher or lower, but there's plenty of room for volatility between now and

Feb 01 2017

Although there's essentially no chance that the Fed will hike rates at this meeting, investors will nonetheless look for clues about the Fed's thinking based on subtle changes in the text of the

Jan 27 2017

Whether we talk about the past week or the past two months, Trump has clearly had a negative impact on

Jan 27 2017

That's every FHA application from Jan. 9 to Jan. 20. That equates to another 0.375 percent rate increase for prospective FHA

Jan 11 2017

In contrast, the first part of 2017 has seen [bond] traders poke their heads up and survey the scene. Some buying is going on, but it's tentative for now. This translates to rates having moved back down from the more troubling highs in late December, but without committing to triumphant surge

Dec 14 2016

Mortgage rates will more readily respond to shifts in the outlook, and [Wednesday's Fed] meeting can inform that outlook via the Fed's economic projections as well as [Fed Chair Janet] Yellen's press

Dec 07 2016

In the current case, markets have done much more to prepare for European tapering, but the announcement could nonetheless cause volatility for

Nov 30 2016 - Thanksgiving

This could be viewed as the first evidence that rates are topping out in the recent range and thus [one could] consider waiting for more potential improvement. Waiting is risky, of

Nov 23 2016

Banks adjust jumbo rates more slowly, because they're not directly tied to actively traded

Nov 14 2016

The situation on the ground is panicked. Damage control. People were trying to lock loans quickly last week and are now facing a tough choice to lock today or hope for a bounce. Many hoped for a bounce last week heading into the long weekend and we obviously didn't get

Nov 10 2016

Sometimes a simple momentum analogy is that of swimming. It's easier to swim with the current versus against

Nov 10 2016

Even I was surprised to see how quickly lenders pulled back today. Different lenders have moved by different amounts, but on average, the 2 day total is 0.25 percent!feedback

Oct 27 2016

The average lender is quoting conventional 30-year-fixed rates of 3.625 percent on top tier scenarios, though several remain at 3.5

Oct 19 2016

But that would be a premature conclusion until we see how markets react to Thursday's announcement from the European Central Bank. Bottom line, the past few days have been helpful, but everything could still

Sep 21 2016

Floating is risky here. Even though today's rates are closer to the highest levels of the past two months, they're still historically close to all-time

Sep 07 2016

We were left to wonder if this was the first step in a move up and out of the recent sideways

Aug 17 2016

This gives investors a chance to examine the Fed's discussion leading up to the late July policy announcement in greater detail. At the moment, everyone is looking for clues about the Fed's thoughts on hiking rates at the September or December meeting. If the minutes make it seem like September is more likely, rates could easily continue

Aug 03 2016

With 10yr yields ending the day near 1.55 percent, rates are essentially threatening to move higher. The next three days bring a series of important economic reports that could act as motivation for such a move, if they turn out to be stronger than

Jun 29 2016

Everyone with a potential loan in process wants to know if rates will drop further or if they should lock to avoid the risk of rates snapping

Jun 22 2016

That could change though. One of the reasons rates haven't been more volatile is the fact that the Brexit vote is seen as being fairly even. As soon as a clear victor emerges, rates could move swiftly. A 'remain' vote could cause a much quicker move higher in rates on Friday

May 04 2016

If we'd lost ground, it would have confirmed a negative signal about momentum in the short to medium term. Now we have a fighting chance to see if momentum can build in a friendlier

Apr 13 2016

I'm getting a lot of reports from lenders about their clients who missed opportunities to lock in mid to late February, and who finally saw rates move low enough to pull the trigger. The current week is still up in the air, but rates had been holding their ground through Tuesday, despite some ominous weakness in underlying bond

Jan 22 2016

Someone might see the average closing time go from 46 to 49 days and assume that's not significant, but when you look at the amount of homes that close in a three-day time span on average (not to mention some additional unmeasured delays occurring before the loan application is taken), we can almost fully account for the massive drop in existing home sales in

Jan 07 2016

Bond markets continue defying the odds so far in

Jan 07 2016

Given the Fed rate hike and strong ADP data yesterday – among other reasonably decent economic anecdotes – we would be more justified in expecting bonds to be under pressure at the start of the

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