February2021

MBS RECAP: Nice Bounce! Now What?

Posted To: MBS Commentary Nice Bounce! Now What? – An early bounce turned into an even bigger, friendlier bounce at the end of the day – Biggest reason for the gains is the losses that preceded them (momentum/technicals/tradeflows) – Still following the 2.5 coupon – Still would like to see[…]

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Brutal Week For Rates But There's Hope (Hopefully)

Posted To: Mortgage Rate Watch Rising rates have been on the menu for months, but the drama kicked into a higher gear this week. Maybe you heard about this? We’ve certainly been discussing it in recent newsletters ( especially last week’s ). The rising rate narrative hit the mainstream this[…]

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Forbearances Post Typical Mid-Month Increase

Posted To: MND NewsWire Black Knight reports a second increase in the number of loans in pandemic related forbearance plans in as many weeks. Forborne loans rose by 21,000 during the week ended February 23 after falling below 2.7 million for the first time since last April earlier this month.[…]

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Freddie Mac's 12-Month Portfolio Growth Nears Half Trillion

Posted To: MND NewsWire Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 16.1 percent in January compared to a 22.4 percent gain in December. The portfolio balance at the end of the period was $2.777 trillion compared to $2.740 trillion the prior[…]

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Mortgage Rates Are Now Well Over 3 Percent

Posted To: Mortgage Rate Watch Mortgage rates WISH they were still at 2.97%–the number conveyed today by Freddie Mac’s weekly survey. Freddie’s data is accurate when it comes to capturing broad trends over time, but can really fall short when the bond market is experiencing elevated volatility. To say that[…]

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