Latest Commentary
After a slow week of economic data, the calendar picks up in the days ahead.If you followed my advice on floating over the weekend, you picked up some price gains this morning. With many lenders offering 4.75% as par once again, I am advising to only float loans that are a day away from locking on a shorter lock period. If you are 16 days out from...
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In shocking twist of events, MBS end where they begin, with 4.5 at 100-29 "Huge" change in treasuries too with 10yr at 3.695 vs. 3.701 coming into the day (a whole 6 thousands) Stocks rally to close right at their best levels from Friday, but no higher. Stock lever didn't hurt bonds. Tomorrow AM data of low to moderate importance: Housing...
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