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Many of today's mortgage-related headlines are touting "new all-time lows," but there are significant caveats. The biggest caveat would likely be the fact that the average 30yr fixed rate is actually nowhere near its previous all-time lows! So why are there so many headlines saying otherwise? Issue 1: Freddie Mac's Weekly Rate Survey Freddie conducts the longest-running weekly mortgage rate survey in the biz. If you're not worried about nitty gritty details or day to day movement, it's plenty accurate and consistent. That's why the industry and news media have grown to rely on it for a quick, rough take on mortgage rates every Thursday morning. The problem with Freddie's survey is that it's a quick rough take every Thursday morning. It doesn't go into nitty gritty detail--the kind that could
Mortgage Rate Watch
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Many of today's mortgage-related headlines are touting "new all-time lows," but there are significant caveats. The biggest caveat would likely be the fact that the average 30yr fixed rate is actually nowhere near its previous all-time lows! So why ar... (read more)
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Housing News
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The pandemic is endangering the credit histories of at least 30 million Americans and possibly threatening the shelter status of many of them. The Mortgage Bankers Associations' (MBA's) Research Institute for Housing America (RIHA) said on Friday tha... (read more)
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MBS Commentary
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MBS Defy Odds as Bond Bulls Fail For 3rd Straight Day
After failing back to back attempts to retake the recent sub-.72 range, 10yr yields didn't even try today. Part of the problem was a stronger Retail... (read more)
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Rob Chrisman
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What’s more important, spending money on the latest iPhone, or taking care of your body? Every Thursday we receive Initial Jobless Claims statistics, and usually on the first Friday of the month we receive a set of employment data. But who make... (read more)
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Housing News
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Last week Black Knight reported that the beginning of October saw a decline in the number of active forbearance plans of 649,000 or 18 percent as many plans reached the end of their initial period. It was the largest single week decline since the cri... (read more)
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Housing News
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Although the housing market continues to show strength, Freddie Mac economists say there are increasingly troubling signs in the larger economy. The third quarter forecast from the company's Economic and Housing Research Group notes an apparent stall... (read more)
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