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 still think most should be locking in their mortgage rate. As I said yesterday, we have picked up significant gains this week, by locking you take advantage of those gains and remove risks. At this point, without a fundamental... Read More
MBS AFTERNOON: Choppy Price Action. Status Quo Maintained - MBS Commentary
Heading into the afternoon hours the rates market continues to trade in a choppy manner. While much distance has been traveled on charts, status quo has been kept as prices have failed to venture too far from recent ranges. The FN 4.0 is 0-05 at 97-31 yielding 4.195% and the FN 4.5 is -0-02 at 100-31 yielding 4.405%. The secondary market current coupon... Read More
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