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Mortgage rates looked like they were headed higher yesterday morning after the stock market opened the week in good spirits, however a mid-day "tapebomb" helped alleviate pressure and mortgage rates stabilized near the same pricing seen on Friday. No economic data was offered to markets yesterday...
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It's TAX DAY!!!! Make sure you have your returns or extension requests stamped by midnight. Mortgage rates moved higher for the second day in a row yesterday. Strength in the stock market and a better than expected retail sales data both contributed to rising mortgage rates. Helping stocks extend...
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I was unable to write the blog on Friday because I was without power thanks to a record amount of snowfall in Dallas. Thank you Adam for stepping in with your post and updating the readers Last Friday, although mortgage-backed securities prices did move higher, the improvements did not lead to reprices...
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Mortgage rates held stable for most of the day yesterday as an empty economic calendar left market participants to quietly ponder the Fed's upcoming monetary policy communication with the marketplace. In a VERY slow trading environment, both benchmark Treasury yields and prices of mortgage-backed...
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The theme in the secondary mortgage market this week has been volatility. Prices of mortgage backed securities have moved around a wide range as traders attempt to balance their uncertain long term economic outlooks with optimistic short term sentiment in stocks. This ongoing struggle has mostly insulated...