July 19, 2023 – Rate Commentary

• July 19, 2023
• realestatelife
• Business & Markets, Fed, Interest Rates, Politics & Economy, Rates, Real Estate, Real Estate Finance, World News, Your Real Estate Life

Rate sheets this morning likely to look similar to yesterday, and reprice risk on the day is low. Yesterday saw mortgage bonds lose some ground through the afternoon with a handful of late day reprices worse, mainly on the wholesale side, but nothing to get worked up about. Bonds improving this morning on news that inflation came down more than expected in Britain, giving hope to traders that central banks both here and abroad are almost done raising rates. The outlook still good that we could see rates fall a bit further after next week’s Fed meeting and nothing much will happen before then.