Latest Commentary
MBS AFTERNOON: Narrow And Stable Heading Into The Close -
MBS Commentary
The market is duller than a Colts victory parade at the moment. We're dealing with a fairly standard issue "calm before the storm" that we often see on a data-limited Monday when the rest of the week contains the more significant events. The supportive trends we began to note in the last post have continued to foster a narrow range of...
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Short Term Direction of Mortgage Rates Dependent Upon Auctions and Stocks -
Mortgage Rate Watch
Nothing has changed from Friday. Mortgage rates continue to run into a floor at 4.75%. This has held true all month! My lock bias is based on the big picture outlook. Barring a major shift in sentiment that drives benchmark Treasury yields lower, mortgage rates should move higher in months to come. While floating day to day can result in small reductions...
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