Latest Commentary
Lender rate sheets were slightly worse than yesterday but nothing monumental. The best par 30 year fixed -conventional, FHA and VA- mortgage rate remain in the 4.25% to 4.50% range with several lenders offering 4.125%. 15 year fixed rate loans also remain in the 3.75% to 4.00% range.
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7-Year Note Auction Met with Healthy Demand. Indirects Bidders Chase Higher Returns -
MBS Commentary
This was the best auction of the week. Indirect bidders were the primary source of auction demand. Indicating overseas real money buyers are still chasing returns in the long end of the yield curve. This has been a consistent theme since the Fed announced QE lite two weeks ago.
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