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Mortgage rates moved higher today, bringing them up to yet another 9-month high. Underlying bond markets ended the week in roughly the same shape as last week, but the mortgage bond market has been volatile over the past 3 days. That volatility makes it more expensive for lenders to guarantee any given rate, thus accounting for the new highs this week. It's very important to note that there were two examples of reasonably positive movement in rates this week (Tue/Thu) and that both of them were quickly eclipsed and replaced with new long-term highs on the following day. It's for this reason that I've continued to advocate a defensive stance despite periodic victories. Such victories are bound to occur in any interest rate environment. We need to see bigger victories and more of them if it's
Mortgage Rate Watch
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Mortgage rates moved higher today, bringing them up to yet another 9-month high. Underlying bond markets ended the week in roughly the same shape as last week, but the mortgage bond market has been volatile over the past 3 days. That volatility makes... (read more)
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Rob Chrisman
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When I grow up I want to… live in a shipping container live in a shipping container ? Hey, don’t laugh… they’re here, and some suggest are a piece of solving the affordable housing problem. Hey, if the appraiser can find the... (read more)
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Housing News
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Freddie Mac reported today that its total mortgage portfolio increased at an annualized rate of 9.0 percent in December. The portfolio balance at the end of the period was $2.098 trillion compared to $2.092 trillion at the end of November and $2.011 ... (read more)
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MBS Commentary
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Today's chart is complicated at first glance, but I'll walk you through it step by step. I'll also cover it in today's Huddle video for MBS Live members. If you're not getting notifications when a new Huddle is available, you can enable... (read more)
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Mortgage Rate Watch
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Mortgage rates improved modestly today, bringing them back in line with Wednesday afternoon's best levels. After underlying bond markets overcame volatility associated with a monetary policy announcement from the European Central Bank, they were furt... (read more)
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MBS Commentary
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There were several exciting lead changes in today's game for bond markets. The early inning were devoted to parsing the European Central Bank's (ECB) announcement and subsequent press conference from ECB President Draghi. In a nutshell,... (read more)
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consumerfinancemonitor.com
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