Latest Commentary
Mortgage Rates Marginally Higher After Industrial Production Data. No Reason to Panic -
Mortgage Rate Watch
Following the release of Industrial Production data, stocks extended overnight gains and benchmark interest rates rose. This pressured mortgage backed securities prices lower...before most lenders published loan pricing. Consequently, consumer borrowing costs increased slightly today. The losses were not large enough to say the par 30 year fixed mortgage...
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Overbought Bonds Give Back Extra Gains as Risk Rallies. MBS at Session Lows -
MBS Commentary
Equity markets are rallying out of oversold territory and benchmark interest rates are retracing gains that forced the long end of the curve even deeper into overbought status yesterday. Volume isn't impressive and money really isn't leaving the bond market in any size, more or less there are a lack of willing buyers out there at the moment...
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