Latest Commentary
Mixed Rate Outlook Provides Perspective: Risk Greatly Outweighs Reward -
MBS Commentary
My point: after reprices for the better, loan pricing is 13.3bps better than it was last Monday (on average). In fact, loan pricing is just about as aggressive as it's ever been! If you are a perfect borrower, 4.25% is readily available. Heck, even if you're not a perfect borrower 4.25% is available with points. We've likely seen Treasury prices hit...
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After a better than expected read on 2nd quarter GDP and a not so scary speech from the Federal Reserve Chairman, the 10 year Treasury note yield rose 16.6 basis points and mortgage-backed securities prices fell significantly. This forced lenders to reprice for the worse, which increased mortgage rates. Although consumer borrowing costs rose by about...
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