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Let's keep this short and simple. There are some major misconceptions out there today and for many of you, it's very important to address them. What are the misconceptions? Misconception 1: Rates are lower today than they were yesterday This one is very easy to clear up. It's a frequent Thursday occurrence, actually. It stems from the weekly release of Freddie Mac's mortgage market survey which admittedly only collects responses on Mon-Wed. In other words, if rates were lower on Mon, Tue, Wed this week compared to the same 3 days last week, Freddie's survey will say as much. From there, the scores of journalists who rely on this survey for their weekly mortgage rate coverage will pump out headlines that neglect to mention the Mon-Wed caveat. The net effect is that Today's rates could be higher
Mortgage Rate Watch
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Let's keep this short and simple. There are some major misconceptions out there today and for many of you, it's very important to address them. What are the misconceptions? Misconception 1: Rates are lower today than they were yesterday This one is v... (read more)
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Housing News
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Both government sponsored enterprises (GSEs) have announced that their nationwide suspension of single-family foreclosures and evictions has been extended through the end of the year. The suspension, one of several relief options Fannie Mae and Fredd... (read more)
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Rob Chrisman
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I remember when I would travel to exotic places like London, England, Lima, Peru, or Biloxi, Mississippi. From Southern California, thank you to Carey A. sent along this interesting site in which you can take a drive in most of the cities in the worl... (read more)
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Housing News
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July marked the third consecutive outsized increase in the Pending Home Sales Index (PHSI) produced by the National Association of Realtors® (NAR) It also was the third of three July sales measures to surprise analysts. NAR said the PHSI, a leadi... (read more)
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Housing News
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While the Gulf Coast escaped the threat of two simultaneous hurricane hits, the remaining storm, Hurricane Laura, looks like an historically dangerous one. It, and the wildfires ravaging California, has prompted Freddie Mac to restate its disaster re... (read more)
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MBS Commentary
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Nice Recovery Today, But Is It a Trap?
If the Fed is doubling down on its inflation goals, it makes sense for bonds to be afraid--at least a little bit. But with today seeing yields hold the same ceilin... (read more)
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