Latest Commentary
The Treasury has successfully auctioned $32 billion 7 year notes. As always, we expect volatility post-auction. After profit-taking weakened MBS this AM, it's too soon to tell if those losses will be recaptured. The auction is strong ENOUGH that it could go either way, but the potential is certainly there for losses to be recaptured and for screens... Read More
The six day streak of rising mortgage rates finally stalled out yesterday! Although mortgages started yesterday on a negative note, mortgage-backed securities prices managed to recovery all early losses after a slightly above average 5 year Treasury note auction. After the auction, several lenders repriced for the better which moved mortgage rates a... Read More
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