News

Based on the history of the U.S. Banking industry, what is the difference between a mortgage lender and a retail bank? 11/21/2022 History of U.S. Banking In 1838, the United States enacted the Free Banking Act, which allowed for the free development of the ear...

The midterm elections are approaching. Will there be an impact on interest rates? 11/14/2022 This week, the United States ushered in one of the most important events of 2022 - the midterm elections. This year's election is referred to as Biden's "midterm elect...

Do not be fooled by GDP! If a recession is inevitable in 2023, will the Fed cut rates? Where will interest rates go? 11/07/2022 On October 27, GDP data for the third quarter were released. Third quarter GDP rose a strong 2.6% year-over-year, which not only e...

Why should you pay attention to the yield on 10-year U.S. bonds, do you really understand that? 10/31/2022 The Federal Reserve’s determination to curb inflation has recently led to a tightening of rate hike policy, with the result that U.S. bond yields have ...

High rents are the reason why inflation is not going down? A new round of interest rate hike warnings! 10/21/2022 Why has not inflation come down? Last Thursday, the Bureau of Labor Statistics released data for September CPI. The CPI rose 8.2% year-on-year i...

 The truth about the labor market, which is still hot after five interest rate hikes 10/14/2022 Nonfarm payrolls data exceeded expectations again On Friday, the nonfarm payroll report for September released, and it was a "strong" employment report by any meas...

Why is the Prime Rate so important in the minds of banks’ ? 10/10/2022 Origin of the Prime Rate Prior to the Great Depression, lending rates in the U.S. were liberalized, and each bank set its own lending rate by considering the cost of funds, risk premiums,...

The end of interest rate hikes: higher but not necessarily further 10/05/2022 What does the dot plot reveal? In the morning of September 21st, the FOMC meeting came to a close. Not surprisingly, the Fed raised rates again this month by 75bp, largely in line wi...

CPI Exceeds Expectations: Two Facts, One Truth 09/27/2022 Inflation peaks but hardly declines Last Tuesday, the Labor Department released data showing that the CPI rose 8.3% in August from a year earlier, while expectations were for 8.1%. This is the last rele...

What are the opportunities for the mortgage market as the RMB exchange rate falls below 6.9 and the dollar continues to appreciate? 09/17/2022 Dollar index soars to new 20-year high On Monday, the ICE dollar index temporarily rose above the 110 mark, reaching ...