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On Wednesday, bond markets digested two of the week's most important economic reports in the from of ADP employment and ISM non-manufacturing. Appointments of new central bankers in the US and Europe provided a modestly positive backdrop while ...
Rob Chrisman
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The IRS has only been with us since 1862, modern nationwide income tax since 1913. But, just like the gfee income “share” with Freddie and Fannie, and sweeping the Agencies profits, the government never relinquishes money, so U.S. Federal... (read more)
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MBS Commentary
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On Wednesday, bond markets digested two of the week's most important economic reports in the from of ADP employment and ISM non-manufacturing. Appointments of new central bankers in the US and Europe provided a modestly positive backdrop while ... (read more)
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Mortgage Rate Watch
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Mortgage rates fell at a moderate pace today. As expected, the lenders who hadn't gotten around to improving during yesterday's bond market rally (stronger bonds = lower rates) were the most improved. But there was even solid improvement from other l... (read more)
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Housing News
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The shrinking rate of home price increases that has headlined the price data from most sources for months may have ended, at least according to CoreLogic Home Price Index (HPI), and the company is seeing more aggressive appreciation in the future . T... (read more)
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Housing News
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Seven or eight years ago the home sales headline was the entry of big institutional investors into the single-family market. These investors, many of which were hedge funds, bought up hundreds of thousands of distressed homes, a large number of which... (read more)
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Housing News
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Mortgage application activity during the week ended June 28 was largely unchanged from the week that preceded it. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of total volume, dipped 0.1 percent on a seasonally ad... (read more)
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