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Rob Chrisman
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Residential mortgage bankers are notoriously bad at actually retiring. They usually seem to come back as teachers, consultants, remodelers, etc. But plenty of people do retire, and per U.S. News the #1 place to retire is... Lancaster, PA ? Bring a sw... (read more) |
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MBS Commentary
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The basic candlestick or bar chart that the average bond analyst uses to track 10yr Treasury yields is doing a good job of capturing the current opposing forces in rates. On the one hand , the combination of economic data, NAFTA 2.0, and Fed c... (read more) |
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Mortgage Rate Watch
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Mortgage rates failed to extend yesterday's modest improvement, moving modestly higher by the end of the day. This takes the average lender very close to the long-term highs seen on October 5th. Indeed, prospective borrowers shouldn't be surprised to... (read more) |
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Housing News
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Fannie Mae's Economic and Strategic Research (ESR) group is still expecting that economic growth will "likely" be solid in the third quarter, but they are otherwise hedging their bets. In their October Outlook, the economists said the lower job growt... (read more) |
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Housing News
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The share of closed loans originated for home purchase continues to inch higher. Ellie Mae, in its September Origination Insight Report , says that share jumped from 68 percent in August to 71 percent . The upward trend in purchasing was most pronoun... (read more) |
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MBS Commentary
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Bonds were stuck between a rock and a hard place today. Actually they were stuck between stocks and a European place. Stocks made a case for a bond rally (not that stocks are in total control of bonds, but all other things being equal, st... (read more) |
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