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Are rates in the process of confirming a top or are they simply in some sort of consolidation period before continuing higher to the scarier levels we've entertained from time to time this year (say, 3.25%, or something around that)?
One might...
Rob Chrisman
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HMDA data tells us that California accounted for 21% of residential loan volume in 2017, and 23% in ’16. It’s a big market. Thus, the industry is following a ruling that Wells Fargo must pay $97 million to California home mortgage consult... (read more)
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MBS Commentary
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Are rates in the process of confirming a top or are they simply in some sort of consolidation period before continuing higher to the scarier levels we've entertained from time to time this year (say, 3.25%, or something around that)?
One might... (read more)
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Mortgage Rate Watch
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Mortgage rates bounced back today, following a weaker-than-expected report on inflation and a relatively strong 30yr bond auction. Rising inflation means that bond investors will receive future payments that won't buy as much as those same dollars wo... (read more)
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Housing News
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Applications for new home purchase mortgages slowed significantly in April when compared to March the Mortgage Bankers Association (MBA) said on Thursday. Its Builder Applications Survey (BAS) data shows the volume of applications declined 5 percent ... (read more)
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MBS Commentary
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With two big-ticket events on tap for bond markets today, there was always a chance that they'd go our way and that we'd see some decent gains as a result. Thankfully, that happened.
In fact, bonds were already moderately stronger before th... (read more)
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MBS Commentary
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Today begins with a modestly weaker CPI (consumer price index) report generating an impressive surge in volume. In fact, the volume in the minute following the CPI release was roughly double that seen in the minute following the last NFP report... (read more)
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