Curt Bailey - NMLS ID 2287289 - Loan Officer

Curt Bailey - NMLS ID 2287289 - Loan Officer Helping Families get into homes and refinancing into better positions

07/27/2024

Straightforward Gains After Important Inflation Data While today's monthly core PCE headline may have technically been higher than the median forecast, a vast majority of forecasters abstained from submitting updated guesses to data aggregators after yesterday's quarterly PCE data.&...

07/27/2024

This week's most important economic data was the PCE price index which is the gold standard of big picture inflation measurement. For those hoping to see rates drop, it was important for PCE to confirm the progress seen in the CPI data (the other major inflation index that came out 2 weeks ago)....

07/27/2024

The only thing constant is change. After 53 years, Southwest Airlines is ending its 100 percent open seating policy! (I don’t mind lining up.) People and companies have to adjust… Time waits for no one. What were concerts like in 1964, 60 years ago? Here’s an interesting chart that shows where...

07/27/2024

After yesterday's quarter over quarter core PCE price index came in 0.2% higher than expected, we knew today's monthly PCE data would have to include higher numbers divided across the months of April, May, and June in some unknown proportion.  If April and May were not revi...

07/27/2024

Lots of Competing Motivations Causing Volatility In a Narrow Range Today marked an uptick in the importance of economic data for the week and it had obvious consequences for volatility.  Of particular importance was the higher reading in quarterly PCE prices.  Because this is the f...

07/27/2024

Mortgage rates continue moving in very small steps from day to day--something that's been the case since the Consumer Price Index (CPI) more than 2 weeks ago.  Unfortunately, more of those steps have been higher in the past week, and today is no exception for most lenders. This is count...

07/27/2024

It was easy to question the notion of "data dependence" in the first half of the week, largely because there wasn't much in terms of meaningful economic data.  There were also several instances of mystery movement in bonds, forcing analysts to focus on curve trading a...

07/27/2024

As lenders continue to deal with change (the latest rumors have Flagstar is selling its mortgage group to Mr. Cooper; rumor only, ask your rep for real information), many people took note when ex-President Trump claimed, during his recent speech, that, “mortgage rates have quadrupled” during the...

07/27/2024

Mortgage rates technically moved up to the highest levels in 2 weeks today, but that sounds a bit more dramatic than it actually is.  Rates have largely held inside a narrow range close to the lowest levels in 6 months during that time.  Today's weakness in the bond market just...

07/27/2024

Whatever Happened to Bonds Being Data Dependent? Bonds began the day in stronger territory and remained stronger through mid-day despite AM volatility.  Some of the volatility was driven by economic data with S&P Global Services PMI coming in higher than expected.  Most of....

Call or text me at (208)249-2016
07/24/2024

Call or text me at (208)249-2016

Address

803 W. Dallan Woods Way
Nampa, ID
83686

Telephone

+12082492016

Website

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