May2020

Mortgage Rates Stage Nice Comeback, But Uncertainty Remains

Posted To: Mortgage Rate Watch Mortgage rates staged a nice little comeback today, moving back toward the all-time lows seen late last week. Mortgage rates are determined primarily by the bond market, and the bond market benefited from strong demand at the end of the month. Higher demand means higher[…]

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April's Forbearance Requests Slow to a Relative Trickle

Posted To: MND NewsWire Black Knight says its research is showing that the numbers of new forbearance plans for homeowners financially affected by the COVID-19 pandemic have slowed to a trickle compared to the tidal wave in early April. Only 7,000 new plans were put in place during the week[…]

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MBS Day Ahead: Why We're Watching Treasuries

Posted To: MBS Commentary The market reaction to coronavirus made a mess of the relationship between Treasuries and MBS (and between MBS and mortgage rates for that matter). These disconnections can happen from time to time and when they do, we stop following trends in Treasuries and focus on MBS.[…]

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Mortgage Rates Hold Steady

Posted To: Mortgage Rate Watch Mortgage rates managed to stay sideways today after beginning the week with a move higher yesterday. This is a victory all things considered. Rates take guidance from multiple sources. When it comes to mortgages, the prices of mortgage-backed bonds are the key ingredients in determining[…]

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