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Todays News Stories:

Todays News Stories:
MBS RECAP: March Continues Delivering on "Big Move" Promise
3/25/2019 5:13 PM
Posted To: MBS CommentaryThere were no significant economic reports today and no obvious market-moving news headlines. Nevertheless, bonds went on yet another snowball rally run to new long-term lows. Today's version was even more interesting than some of last week's examples. Case in point, 2yr yi...Read More
Mortgage Rates Still Moving Lower After Last Week"s Stellar Drop
3/25/2019 4:20 PM
Posted To: Mortgage Rate WatchMortgage rates continued deeper into long-term lows today as the underlying bond market experiences its most impressive rally of the year. In a rally, bond prices are moving higher and rates are moving lower. This particular rally is bifurcated on several levels. On one level, diff...Read More
MBS Week Ahead: Slow Data Week Apart From Housing; Bonds Hoping to Confirm
3/25/2019 8:39 AM
Posted To: MBS CommentaryFrom a calendar standpoint, the most notable thing about the week ahead is that it's the final week of the month/quarter. This usually means we'll see at least some trading happening for reasons that have nothing to do with data, events and headlines ( read more about "...Read More
Non-QM, Underwriting Products; Why Rates are This Low, Impact on Refi Population
3/25/2019 7:56 AM
Posted To: Pipeline PressSometimes you’re stuck in the middle . (Thanks to Myrtle for that one.) Right now, it seems, rates are done being stuck in the middle and have edged back down leading to refi hopes by lenders. “Hope,” however, is not a business strategy. For the fir...Read More
Mortgage Rates Down 0.25% This Week
3/22/2019 4:30 PM
Posted To: Mortgage Rate WatchAt the end of last week, the average top-tier 30yr fixed mortgage rate quote was 4.375%. As of today, the exact same scenario would be at 4.125%--a quarter of a percentage point lower. That"s an uncommonly big move for a single week, but it"s one we"ve been tracking eagerly in rece...Read More
Freddie Downgrades Economic Forecast but Bullish on Housing
3/22/2019 11:41 AM
Posted To: MND NewsWireLike virtually all the experts, including those at the Federal Reserve, Freddie Mac"s economists have reduced their expectations for economic growth . The company"s March forecast is for growth in the first quarter of 2019 to shrink to 1.2 percent. They do see it regaining its footing later in the ...Read More
Existing Homes Sales Post Huge February Gain
3/22/2019 10:03 AM
Posted To: MND NewsWireExisting home sales took off like a rocket in February, with strong results in three of the four major regions. The National Association of Realtors® (NAR) said single-family homes, townhouses, condominiums and cooperative apartments were sold during the month at a seasonally adjusted annual ra...Read More
MBS Day Ahead: Here"s That Mid-March Breakout We Were Looking For
3/22/2019 9:59 AM
Posted To: MBS CommentarySometimes a plan comes together and sometimes an educated guess pans out. While it's never safe to plan on any future reality (other than "uncertainty") when it comes to financial markets, there are times where a certain series of events seems more likely than not. Fo...Read More
Enforcement Action Webinar; Non-QM Snapshot; German 10-year Yield Drops Below 0%
3/22/2019 7:47 AM
Posted To: Pipeline PressCongrats to former President Jimmy Carter. As of today he is no longer just the oldest living U.S. president, but now is the longest-living in the nation"s history. Created in 1986 LIBOR was not around during his presidency, but the transition away from using LIBOR i...Read More
MBS RECAP: Bonds Take a Day to Digest Fed Day as Stocks Finally React
3/21/2019 5:23 PM
Posted To: MBS CommentaryApparently it took the 9:30am NYSE opening bell ringer for stocks to truly realize what just happened. The Fed announcement on Wednesday was their way of saying "sorry" to stocks for the "steady as she goes" approach to tighter monetary policy in December. As of...Read More

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