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Mortgage News Daily combines the expertise of some of the housing industry's leading minds with the power of social media to offer an always lively, constantly evolving web community. MND communicates breaking news, streams video, and provides expert opinion and commentary to a community of interested market professionals and curious consumers.August 12, 2010 |
Latest Commentary
Dealers Absent from Bond Auction. Watch Out for Fade. Expecting Retest of Rally - MBS Commentary
Reprices for the worse are unlikely at the moment but I expect to see a retest of the recent interest rate rally in the near future, especially the positive progress that has been made in "rate sheet influential" long end of the yield curve over the past two days. This might not occur today, it might not happen tomorrow, but eventually this... Read More
While mortgages definitely lagged Treasuries, mortgage rates improved again today. We are now seeing most lenders offer 4.25% on rate sheets and are even seeing a few more who are willing to go down to 4.125%. This rate will cost nearly 2-points at closing though. Again these rate quotes are only available to borrowers whose pricing is not subject to... Read More
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