News

[ad_1] Stock up on Kraft mac and cheese with this deal! Amazon has this Kraft Easy Mac Original Macaroni & Cheese Microwavable Dinner (18 ct Packets) for just $6.16 shipped when you checkout through Subscribe & Save! Note: Once your order ships, you can go into your Amazon account and cancel your subscription if you don’t want recurring orders. Thanks, Freebie Shark! [ad_2] Source link

[ad_1] Hong Kong regulator fines Citi unit $45 million [ad_2] Source link

[ad_1] Congress leader Rahul Gandhi on Friday asked Prime Minister Narendra Modi when will India’s land “occupied by China” be returned. His tweet came after China returned missing Arunachal teen Miram Taron to India. “It was comforting to know that China has returned Miram Taron. When will India get back its land occupied by China, Prime Minister ji,” Gandhi asked on Twitter. The teenager from Arunachal Pradesh had gone missing a few days ago and the Chinese located him later. The China’s People’s Liberation Army handed him over to the Indian Army in Thursday. Gandhi has been attacking Modi and his government on the standoff in Ladakh and has accused the prime minister of “surrendering” India’s land to China. [ad_2] Source link

[ad_1] I have been a happy camper lately, particularly with the rise of the 10-year yield as I am seeking balance in the housing market. I love these times in the market and the San Francisco 49ers are making an epic run in the playoffs, so what else can a person ask for? Other people might not be as happy as I am. I retired in 2020 from the mortgage business after 24 years, so I understand how some people who were floating their rate lock might not feel this way. Between the FOMC meeting and stock market volatility, there is a lot of angst about the market right now so I want to break down what’s happening with the 10-year yield and how that could affect mortgage rates. I am a bond market guy because, to the core, I am an economics person first, so my discussions are more about the 10-year yield and the economic cycle versus mortgage-backed securities. Let’s look at my 2022 forecast based on the 10-year yield. “For 2022, my range for the 10-year yield is 0.62%-1.94%, similar to 2021. Accordingly, my upper-end range in mortgage rates is 3.375%-3.625%, and the lower-end range is 2.375%-2.50%. This is very similar to what I have done in the past, paying my respects to the downtrend in bond yields since 1981.” Today, as I write this article, the 10-year yield is at 1.793%. Yes, even with the hottest economic growth and inflation data in decades, the 10-year yield is still below 2%. I understand why people are confused by this because in the previous expansion when the 10-year yield was below 2%, people would be screaming that the bond market is saying we are going into recession. Some of our best economic growth and hotter inflation data have all come with the 10-year yield being in a range of 0.55% – 1.90%. The simplest and easiest answer I can give you is that the trend is your friend, and the 10-year yield has been in a downtrend since 1981 and in some cases, I can make a case it’s been in a downtrend for thousands of years. Right now, we aren’t close yet to testing that long-term downtrend. The 10-year yield needs to break over 2.70% with conviction and duration to even have that conversation and we aren’t there yet. The chart below is instructive. In the previous expansion, when I started to incorporate 10-year yield ranges as part of my forecast beginning in 2015, I always said the same thing up until it was apparent that COVID-19 was about to hit us: The 10-year yield would be in a range between 1.60%-3%. In 2018, we tested the higher-end range when the 10-year yield got to 3.25%. I remember it well as everyone thought mortgage rates and the bond market were headed higher. At a conference that day, I was scolded that I didn’t know what I was talking about. Fifty economists surveyed by the Wall Street Journal all said rates would go higher, but my 2019 forecast spoke about a 10-year yield under 2%. This was based on the long-term downtrend not breaking, and I thought growth would slow, as it did.  Now on to the second portion of the 2022 forecast: “We had a few times in the previous cycle where the 10-year yield was below 1.60% and above 3%. Regarding 4% plus mortgage rates, I can make a case for higher yields, but this would require the world economies functioning all together in a world with no pandemic. For this scenario, Japan and Germany yields need to rise, which would push our 10-year yield toward 2.42% and get mortgage rates over 4%. Current conditions don’t support this.”So much of my bond market take last year was about the 10-year yield creating a range between 1.33%-1.60%, even though the forecast range was between 0.62%-1.94%. The 1.33%-1.60% premise was a talking point of my America is Back recovery model which I wrote on April 7, 2020. We were able to establish a good period of time between 1.33%-1.60%. This year, I have said there is a way for the U.S. 10-year yield to get above 1.94%, but it needs help from global yields, particularly in Japan and Germany. As you can see in the charts below, the 10-year yields of both countries have been rising. This premise that we need Germany and Japan yields to rise is working, but it’s simply not enough yet to get us over the hump. This 1.94% level is very personal to me because I talked about it so much before COVID-19 hit us. On Dec. 28, 2019, I wrote: “Currently, the 10-year yield is at 1.88%. For many months on social media sites, I have talked about how important it is for the bond market to close above 1.94% and get follow-through selling. A yield above 1.94% would mean that the bond market has more confidence that we will have higher growth next year. Until then, I would be skeptical of any story that predicts a higher rate of growth for 2020.” At the time, COVID-19 wasn’t yet a pressing issue. The rest is history on what happened here and around the world.  I know it seems like a crazy time with stocks falling and bond yields rising. However, if you ignore the noise, everything still looks about right. If our 10-year yields had risen well over 1.94% (3.50% plus) due to inflation and Germany and Japan weren’t increasing, I would be having a different conversation today. However, that isn’t the case. I understand some people’s confusion because inflation data should send yields much higher. However, that isn’t happening and economic growth is booming. But, the economy’s growth rate can’t sustain itself unless population growth takes off or productivity does. In time, things will moderate to a proper trend, and the supply shortage issues will be gone as demand gets back to normal and the world economies heal. What that

[ad_1] Need a new vacuum? This is a hot deal on the Shark NV42 Navigator Deluxe Upright Vacuum! Macy’s has this Shark NV42 Navigator Deluxe Upright Vacuum for just $79.95 shipped right now! This is a super hot deal on this highly rated vacuum and even lower than Black Friday pricing! Thanks, Passionate Penny Pincher! [ad_2] Source link

[ad_1] Apple sales and profit top estimates as hit from chip shortages eases [ad_2] Source link

[ad_1] Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading over one per cent higher on Friday. BSE Sensex was hovering around 57,750, while the Nifty 50 index was above 17,300. NTPC, Mahindra & Mahindra (M&), IndusInd Bank, Wipro, Tata Steel, Sun Pharma, Tech Mahindra, RIL were among the top BSE Sensex gainers. Housing Development Finance Corporation (HDFC), HDFC Bank, and Bharti Airtel were the only losers on the 30-share index. All the Nifty sectoral indices were trading in the green, led by gains Nifty Realty, Nifty IT, Nifty FMCG indices, up in the range of 1-2%. [ad_2] Source link

[ad_1] if(typeof(jQuery)==”function”){(function($){$.fn.fitVids=function(){}})(jQuery)}; jwplayer(‘jwplayer_4n6u38Ym_5xQXXB63_div’).setup( {“playlist”:”https://content.jwplatform.com/feeds/4n6u38Ym.json”,”ph”:2} ); Hosted by Stavvy Collateral valuation is a critical component of mortgage lending and the home sales With the federal foreclosure moratorium expiring in 2022, the market will undoubtedly see growth in foreclosure transactions as it tries to catch up on both past and present loans. The return to working foreclosure is a perfect opportunity for those in the industry, whether on the servicing or legal side, to examine ways to improve efficiencies, stay compliant and keep up with demand.  Join Stavvy Director of Product Matt Sluggett, Stavvy Head of Legal and Capital Markets Jeremy Potter and Sasha Cohen, first vice president and corporate counsel of Default Administration at Community Loan Servicing, to learn what technologies exist to assist those processing foreclosures.  And while the panelists will explain the existing tech landscape, they’ll also explain why fintech has been so slow in addressing the foreclosure market – and why it needs to step hard on its accelerator in order to meet market demand for a better way of doing business. Panelists Jeremy PotterHead of Legal and Capital Markets,Stavvy Sasha M. CohenFirst Vice President and Corporate Counsel, Default Administration,Community Loan Servicing Matt SluggettDirector of Product,Stavvy hbspt.forms.create({ region: “na1”, portalId: “4509319”, formId: “da21081b-967c-4f07-9ee5-c2b3e223f218” }); The post Why It’s Time for Foreclosure Tech Innovation appeared first on HousingWire. [ad_2] Source link

[ad_1] These Pop It Fidget Valentines are SO cute!! Jane has these Set of 6 Pop It Fidget Valentines for just $13.99 shipped right now! These are SO cute for kids!! Last time this deal was available, it sold out SUPER fast, so grab it quickly if you’re interested! Psst! Looking for more unique & frugal Valentine ideas? Check out these great deals on Valentine’s Day gifts! There are SO many fun ideas!! [ad_2] Source link

[ad_1] U.S. House panel to hold hearing on autonomous vehicles [ad_2] Source link