MGIC Investment Corp. (MTG): INSURANCE IN FORCE CLIMBS TO 208.4 BILLI...

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tommiegun54

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Monday, 12/10/2018 12:51:57 PM

Monday, December 10, 2018 12:51:57 PM

INSURANCE IN FORCE CLIMBS TO 208.4 BILLION AT MGIC

INSURANCE IN FORCE at MGIC INVESTMENT increased in NOVEMBER and interest rates are declining to a nearly 3 months low according to MORTGAGE NEWS DAILY.

"BY: MATTHEW GRAHAM

Mortgage Rates Lowest Since September After Jobs ReportDec 7 2018, 3:55PM

Mortgage rates held on to their recent improvements today after the important Employment Situation (the big "jobs report") showed November job creation was lower than expected. In general, weaker job creation is good for interest rates because it speaks to slower economic growth and inflation (both of which are enemies of rates). This report was particularly important because a strong result would have cast doubt on several speeches from members of the Federal Reserve. Those speeches have warned about slower economic growth in 2019 and the potential for fewer rate hikes than previously anticipated."