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The week ahead sees data and relevant events come out in concentrated gluts, almost exclusively in the middle of the week. Everyone's favorite headline is Yellen's semi-annual congressional testimony . She'll address the Senate at 10am o...
Rob Chrisman
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When I was a kid I’d go the bank, and my parents’ favorite teller and I would swap my money for the silver dimes and quarters she’d saved for me. I still go into the bank – how else am I supposed to find $2 bills - but maybe I... (read more)
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MBS Commentary
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The week ahead sees data and relevant events come out in concentrated gluts, almost exclusively in the middle of the week. Everyone's favorite headline is Yellen's semi-annual congressional testimony . She'll address the Senate at 10am o... (read more)
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Mortgage Rate Watch
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Mortgage rates continued higher today, bringing them back in line with Monday's levels. Part of the rise was due to weaker trading levels in bond markets. Just as important is the fact that many lenders didn't raise rates yesterday afternoon as the b... (read more)
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Rob Chrisman
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The stock market is not the economy. That’s a simple financial truth, but it is hard to keep in mind during rallies or sell-offs. Especially when mainstream press seems to forget it. More on stock & bond prices several paragraphs down. Chan... (read more)
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MBS Commentary
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It was an exceptionally slow day for bond markets with the exception of some tension, at times, during the morning hours. Treasuries and MBS both began the day in weaker territory with currency fluctuations being the key motivation early in t... (read more)
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Mortgage Rate Watch
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Mortgage rates stood at their lowest levels in more than 2 months as of last Wednesday, but have since moved higher for 3 straight days . This leaves them roughly in the middle of their recent range--seemingly ready to move in either direction depend... (read more)
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