Joel Kan

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Last quote by Joel Kan

It was an up and down time for rates last week in response to mixed economic news coupled with the Fed's FOMC statement. The statement outlined a mostly healthy outlook, with a slight concern over inflation and the news that balance sheet reduction could begin 'relatively soon.feedback
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Aug 02 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: “Treasury yields were slightly lower last week as testimony from [Fed Chair Janet] Yellen was perceived to be more dovish than expected, and as the market received data signaling weaker inflation and retail sales for June. These factors kept the 30-year fixed-contract rate flat over the week.” in the article Mortgage applications jump 6.3% as borrowers rush to refinance.
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Joel Kan quotes

Feb 22 2017

Purchase applications are not increasing as fast as is typically expected at this time of the year.feedback

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.feedback

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.feedback

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.feedback

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.feedback

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.feedback

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