Housing News | | As is the case with a majority of housing and mortgage market data these days, the Existing Home Sales data from NAR is heavily dependent on context. To be sure, the headline is true. You'd have to go back to report that came out in February, 2024 to... (read more) |
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Housing News | | The Mortgage Bankers Association conducts a weekly survey on the level of mortgage applications, both for purchases and refinances. Both data series continue to be a tale of two decidedly different eras for the mortgage market. If we foc... (read more) |
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Mortgage Rate Watch | | In terms of the market movement that underlies and dictates mortgage rate movement, today looked a lot like yesterday. Things started strong and faded gently as the day progressed. There were no notable economic reports or news events apart fro... (read more) |
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MBS Commentary | | Heading into this week's Fed announcement, we noted the consolidation pattern in bonds (the convergence of intraday highs and lows in an increasingly narrow range). After the favorable reaction to the Fed, the highest probability outcome was th... (read more) |
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Rob Chrisman | | “Elon is firing Twitter employees with bad posture. I have a hunch I might be next.” If I have a sprained finger, I don’t need a heart and lung transplant. And if I did need a transplant, I wouldn’t want a florist doing it. For years, the CFPB has be... (read more) |
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