Latest Commentary
With lenders still offering the best rates we've seen in over a month and further progress unknown in the rates market, I think most should consider locking in their mortgage rate. As I said yesterday, we have picked up significant gains this week, by locking now you take advantage of those gains and remove risks of rising rates. At this point... Read More
MBS LUNCH: Forced Buying Pushes Rates to 2010 Lows - MBS Commentary
"Rate sheet influential" MBS prices are higher and mortgage rates are improved. While the spike in TSY trading volume is supportive of an extension to the rates "relief rally", the underlying motivation behind boosted bond market optimism is forced buying. This leaves the FLIGHT TO SAFETY rally in the bond market susceptible to a selloff (unwind of protective positions), especially if new details come to light that clear up confusions and calm the concerns of bankers and traders who now have to wonder if there business models are useless. STAY DEFENSIVE...Read More
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