March Housing Market Update: After Silicon Valley Bank Collapse
Unless you live under a rock, or in an increasingly blissful state of ignorance, you have likely noticed that government-bond yields have fallen the most since 2008
Special Feature – Market Commentary
We wanted to broach three newsworthy stories from 2023 that have not been addressed in the weekly commentary: changes to the Loan Level Price Adjustment (LLPA) matrix, Wells Fargo’s exit from the correspondent lending space, and the U.S. breaching its debt ceiling.
The Fed’s Latest Moves and Market Impact
After six consecutive rate increases of 50 BPS or more, as expected, the Fed raised rates by 25 BPS today (Wednesday), lifting fed funds to a new target range of 4.5-4.75%. More importantly, the committee continued to promise “ongoing increases” in overnight borrowing costs as part of its ongoing and unresolved battle against inflation. By keeping the promise of future rate hikes, the Fed pushed back against investor expectations that it was ready to signal the end of the current tightening cycle.
Housing Market 2022 End of Year Summary
I’m sure there are plenty of us who would love to forget 2022, but let’s recap what happened in the bond and housing markets and put a bow on the year before we move to a hopefully more profitable 2023
Employee Spotlight: Decades of Dedication
Voted for Best Work Place year after year, MCT has a long-standing history of team members staying with the company for 10 or more years.
MCT’s Commitment to Clients
