Latest Commentary
We are seeing very aggressive rate sheets from lenders today. My advice would be to lock any loan closing and funding in the next 30 days. Same exception as last week… if you are one day away from a shorter lock term, than I would float and lock tomorrow to take advantage of the better pricing a shorter lock period offers. If you are sitting on the...
Read More
Current Coupon MBS Move Sideways at Resistance as Stocks Keep Rallying -
MBS Commentary
THE PHRASE PLAY THE RANGE UNTIL THE RANGE PLAYS YOU RESONATES LOUDLY IN MY HEAD AT THE MOMENT. 10 yr yields have fallen fast, all the way back to the outer limits of range resistance. While there is some room for rates to move marginally lower...our benchmark guidance giver is running into firmer and firmer layers of resistance. Combine that with stocks...
Read More
Provided by Mortgage News Daily
This information is not an advertisement to extend consumer credit
as defined by Section 226.2 of Regulation Z. This is not an offer to
enter into an agreement regarding interest rates. The rates quoted do
not include discount points, origination points, or loan level risk
based price adjustments. Rates and terms are subject to change without
notice.