Latest Commentary
Reports from fellow mortgage professionals indicate lender rate sheets to be worse than Friday. The par 30 year conventional rate mortgage has risen to the 4.875% to 5.125% range for well qualified consumers.These rates are the most aggressive in the mortgage market, only very well qualified consumers will have access to these borrowing costs. To... Read More
MBS OPEN: Bond Market Has Much to Consider in Week Ahead... - MBS Commentary
Lots to consider this week. "Rate sheet influential" TSYs have been performing well but are now looking a bit oversold and possibly due a period of reconsideration and consolidation. In this busy week, traders should remain defensive of extended progress and be quick to take profits. Barring any unforeseen tapebombs (which are actually quite possible), anticipate a bit of a tug of war (range trade). If I were hedging a pipeline of my own I would be floating day to day with my finger close to the LOCK button on my already registered loans... Read More
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