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MBS RECAP: Bonds Ignore Stocks to Hold Steady on The Week

By Matthew Graham Posted To: MBS Commentary 10yr yields ended the week at almost exactly where they began. With the exception of Tuesday, bonds closed within 1.5bps of each other on the other 4 days this week. Tuesday was only 2bps higher and gave way to an overnight rally that restored the range anyway! Long story short, for all the …

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Mortgage Rates Almost Perfectly Unchanged This Week

By Matthew Graham Posted To: Mortgage Rate Watch Mortgage rates were almost perfectly unchanged today. That leaves them right in line with last Friday’s levels. I devoted a considerable number of words in yesterday’s article to explaining why most other articles about mortgage rates were inaccurate yesterday. Suffice it to say that the absence of change compared to last Friday …

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Fannie Mae Research: Housing, What a Drag?

By Jann Swanson Posted To: MND NewsWire Fannie Mae’s monthly Economic Development papers always have the best headlines, pithy and to the point. The August one reads. “Growth Picks Up as Expected, No Thanks to Housing.” Sort of says it all. The company’s Economic and Strategic Research (ESR) Team is upgrading its estimate of third quarter growth based on the …

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Second Quarter Loan Performance Shows Steady Improvement

By Jann Swanson Posted To: MND NewsWire Loan performance continued to improve in the second quarter. The overall delinquency rate on one-to-four-unit residential properties fell to a seasonally adjusted rate of 4.36 percent of all loans outstanding at the end of that period, a 27-basis point (bp) decline from the first quarter of this year. The National Delinquency Survey conducted …

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Flagstar/Fed News; FHA, VA, Ginnie Program Updates; New Lender Products

By Rob Chrisman Posted To: Pipeline Press Capital markets folks know that there are billions of dollars of outstanding 5, 6, 7, and even 8% securities filled with high interest-rate loans. LOs know that they aren’t paying off/refinancing. One possible reason? Despite the headlines talking about housing appreciation outpacing wages, about 10% of all U.S. homes with a mortgage are …

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MBS RECAP: Bonds End Unchanged After Mid-Day Scare

By Matthew Graham Posted To: MBS Commentary Treasuries were weaker at the start of the overnight session as renewed US/China trade negotiations propelled global equities markets higher. The hallmark of yesterday’s overnight session was a sharp drop in Chinese stock futures which spilled over to US markets throughout the day. In other words, today was a reversal of yesterday. Granted, …

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Mortgage Rate Misinformation Run Amok!

By Matthew Graham Posted To: Mortgage Rate Watch Be careful what you read–or perhaps, who you trust–about mortgage rates today. There’s a lot of misinformation out there. Don’t be mad. No one is out to get you. No one is out to intentionally deceive you (at least not when it comes to today’s mortgage rate news. Rather, the misinformation is …

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