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It's no secret that 2021 has been a rough year for mortgage rates so far. They've moved higher on all but a few weeks, and exclusively higher if we only count the past 8 weeks (something that hasn't happened in more than a decade , even though there are a few instances of bigger moves overall). In fact, it was that record-tying streak of "bad weeks" that served as the foundation for hope heading into the current week (as discussed here on Monday). In other words, rates have had such a bad run that they were increasingly due to catch a break. Granted, we still have another day to get through, but as of today, this week is very much on track to break the cycle. Yes, rates are LOWER --not just today, but versus the end of last week as well. That's an assertion that runs counter to most media coverage
Mortgage Rate Watch
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It's no secret that 2021 has been a rough year for mortgage rates so far. They've moved higher on all but a few weeks, and exclusively higher if we only count the past 8 weeks (something that hasn't happened in more than a decade , even though there ... (read more)
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MBS Commentary
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Thursday Curse Continues But It Was Still a Good Day for Bonds
Although bonds won't be able to say they broke 2021's perfect record of selling on Thursdays (based on the 3pm CME close... there's a bit of t... (read more)
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Rob Chrisman
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After spending millions of dollars studying the issue, a blue-ribbon panel found that statistics show that teen pregnancy drops dramatically after age 20 . (Need a minute to think about that?) Want some more numbers, and want to know why there are fe... (read more)
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Housing News
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Mortgage originators' profits remained strong in the fourth quarter of 2020, although they were down considerably from the previous period. The Mortgage Bankers Association's (MBA's) Mortgage Bankers Performance Report says that independent mortgage ... (read more)
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Housing News
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The two-month rally in new home sales ended abruptly and definitively in February. The U.S. Census Bureau and Department of Housing and Urban Development said sales of newly constructed single-family homes dropped by 18.2 percent to a seasonally adju... (read more)
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Housing News
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Mortgage application volume declined for the third consecutive time during the week ended March 19 as refinancing continued to retreat. The Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey revealed a 2.5 percent decrease in th... (read more)
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