Sunday, 26 June 2022 | The Latest Buzz for the Appraisal Industry

MBS Day Ahead: Important European Events; Retail Sales; and Congrats to the Mortgage Industry

By Matthew Graham

Posted To: MBS Commentary

By the time you read this, markets will already have had a chance to begin digesting the important preliminary assessment from the European Court of Justice ( ECJ ) on the European Central Bank’s ( ECB ) old bond buying program, the OMT . Long story short, if the ECJ has an issue with OMT, then the ECB will have a hard time conducting actual QE –a move they’re widely expected to make some time soon. And as we know, any rapid change in QE prospects is a big potential market mover. That said, with this simply being the preliminary assessment, and with the final ruling not likely to arrive until mid 2015, we could just as easily see no reaction here. The point is that it’s a potential source of market movement off the beaten path of big-ticket economic data, technical levels, and…(read more)

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