Posted To: MBS Commentary Decent Recovery After Scary Start But Risks Remain 10yr yields were as high as 1.105% at one point today, but recovered nicely by the close (1.071%). Similar story for MBS with significant intraday weakness giving way to only modest losses by the end of the day.[…]
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Posted To: Mortgage Rate Watch After spiking in early January, interest rates returned to near-all-time-low levels by the middle of the week. By the end, however, the market began to flash a warning about more volatility ahead. The warning is fairly simple. It has to do with a pattern that’s[…]
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Posted To: MBS Commentary Yesterday's bond market weakness ran the risk of signalling an end to the winning streak enjoyed since January 12th. Those gains were fairly steady and they took yields from the very top of the prevailing trading pattern almost all the way to the bottom. If early[…]
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Posted To: MND NewsWire Pending home sales retreated for the fourth straight month in December. The National Association of Realtors® (NAR) said its Pending Home Sales Index, which indicates contracts signed during the month to purchase single-family houses, townhomes, condos, and cooperative apartment. dipped 0.3 percent to 125.5. The decline[…]
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Posted To: Pipeline Press One should never stop learning. For example, I just began reading a great book: “How to Cook Crack and Clean a Crab.” Step One: Use commas. I learned that the Bill & Melinda Gates team is the largest farmland owner in the United States. Last year’s[…]
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Posted To: MND NewsWire While the number of Fannie Mae and Freddie Mac (GSE) loans in forbearance continued to decline last week, that 4,000 loan improvement was more than offset by an increase in FHA and VA loan and loans serviced for bank portfolios and investors in private label securities[…]
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Posted To: Mortgage Rate Watch Mortgage rates have had a great couple of weeks after jumping to multi-month highs at the beginning of January. By yesterday, they’d made it almost all the way back to their best recent levels. The same was true this morning, but things have changed since[…]
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Posted To: MBS Commentary Why Are We Losing Ground Today and What's The Implication? Due to its timing and size, today's bond market weakness may suggest the short-term rally is reversing course. One single day of selling is usually never enough to confirm such things and today is no exception.[…]
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Posted To: MND NewsWire New homes sales managed a small increase in December following three months of losses including a substantial downturn in November. The U.S. Census Bureau and the Department of Housing and Urban Development reported that sales of newly built homes were at a seasonally adjusted annual rate[…]
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Posted To: Pipeline Press The stock price of American Airlines back to February 2020 levels. Investors seem to be “buying hope.” In Mortgage Land, though I am beginning to hear tales of pricing margins dropping slightly, if you’re a lender and it takes your back office two months to close[…]
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