Latest Commentary
After the release of the Treasury debt statement, benchmark yields rose and MBS prices fell. This forced many lenders to reprice for the worse. After the reprices for the worse, lender rate sheets are worse than yesterday. The best par 30 year conventional rate mortgage does remain in the 4.75% to 5.00% range for well qualified consumers though, it...
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4.5's down 2 ticks on the day at 101-01 10yr tsy down 8 ticks, bringing yield up to 3.67 S&P down a point, Dow up just over 30 points. Current levels in bonds are at or slightly better than well tested support on the day With no data, and quadruple witching, tomorrow is uncertain. After moving weaker all day in trend channels, MBS and treasuries...
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