Mortgage Rate Watch
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Mortgage rates have improved noticeably in the past few business days, largely due to the delay of a new fee announced earlier this month. Ironically, that same fee is the reason rates are about to move higher, just as many lenders are back within st... (read more)
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Rob Chrisman
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“It was the third of September, that day I’ll always remember , yes I will… Wherever he laid his hat was his home… And when he died, all he left us was a loan.” Oh, sorry, “alone.” (And yes, I dance like th... (read more)
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Housing News
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Mortgage applications, both for home purchase and refinancing, declined for the third straight time during the week ended August 28. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of loan application volume, lost 2.... (read more)
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Housing News
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It has been rumored since the first wave of the coronavirus struck in some of the densely populated urban centers, especially in New York and New Jersey. Now, however, there is substantiation of a population shift from the National Association of Hom... (read more)
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Housing News
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Construction spending as a whole was essentially flat in July, but residential spending showed significant growth. The U.S. Census Bureau reported that total expenditures from both public and private sources were at a seasonally adjusted annual rate ... (read more)
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MBS Commentary
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Lock vs Float Considerations Ahead of NFP and Holiday Weekend
Bonds did well at face value today, but there are so many "yeah buts." First off, stocks were hugely lower and that definitely helped bonds.... (read more)
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