Last quote by Joel Kan
Rates declined last week as investors favored U.S. Treasury bonds due mainly to political concerns from abroad.
Mar 01 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 Joel Kan is associated, including Mario Draghi, Central Bank, and purchase. Most recently, Joel Kan has been quoted saying: “Rates were up last week as markets assessed that the Fed might increase rates sooner than expected on the strength of a recent pick-up in inflation readings.” in the article Mortgage applications fall 2% as buyers are slow to start spring shopping season.
Quotes by Joel Kan
Feb 22 2017
Rates were up last week as markets assessed that the Fed might increase rates sooner than expected on the strength of a recent pick-up in inflation readings.
Feb 22 2017
Purchase applications are not increasing as fast as is typically expected at this time of the year.
Feb 08 2017
Mortgage rates continued to show volatility from week to week, decreasing 4 basis points to 4.35 percent last week after two weeks of increases. Since reaching a recent peak of almost 4.5 percent toward the end of December, rates have bounced around the 4.3 percent mark for the past six weeks.
Nov 09 2016
Applications for home purchase loans increased for only the second time in the past six weeks, but purchase activity in 2016 has generally been stronger than in 2015.
Nov 09 2016
Economic news in recent weeks has been mostly positive, especially in terms of GDP growth and increasing wages. This raises the likelihood of the Fed raising rates at its December meeting, but also indicates stronger domestic economic fundamentals, which pushes rates higher.
Oct 26 2016
Rates edged lower last week following remarks from European Central Bank President Mario Draghi that the ECB would carry on with its asset purchases for at least the next few months.
May 18 2016
Purchase applications jumped up during the first full week of April and had effectively remained at that level, on an unadjusted basis, before falling this week. The seasonally adjusted purchase index decreased to the lowest level since February, led by declines in applications for larger home purchase amounts.
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