Latest Commentary
Reports from fellow mortgage professionals did indicate lender rate sheets to be improved this morning, however several lenders repriced for the worse around mid-day. This keeps the best par 30 year conventional mortgage in the 4.875% to 5.125% range for well qualified consumers. I continue to favor locking over floating. There are too many unknowns... Read More
Preparing for the Fed's Exit from the Mortgage Market: Yield Spreads - MBS Commentary
Mortgage market participants must now face the reality of a life without the supportive, flow balancing, volatility calming bid of the Federal Reserve. It's time to ensure everyone's knowledge base is adequately prepared to explain some of the factors that will be moving mortgage rates over the next few days, weeks, and months. Without going... Read More
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