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Mortgage rates made modest improvements yesterday thanks to a rally in benchmark Treasuries and mortgage backed securities. The extension of the Monday afternoon rates rally yesterday allowed most lenders to reprice for the better which pushed mortgage borrowing costs lower. Early on today it appeared...
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After closing at new all time price highs on Monday, profit taking yesterday pushed prices lower and forced lenders to reprice for the worse, with a few doing so multiple times as the losses continued through the close into after hours trading. The Mortgage Bankers Associations this morning released...
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Mortgage rates ticked higher yesterday as prices of mortgage backed securities were pressured lower by a selloff in the long end of the Treasury yield curve. To remind readers, as prices of MBS and Treasuries fall, their yields or rate increase…price and yield have an inverse relationship. No...
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So far this AM ADP employment down 298k, more than expected Still, we're shocked ADP is even line 1 news Mortgage Banker's Association on government's future role in secondary mortgage market: " The centerpiece of federal support for the secondary mortgage market should be a new line...