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Mortgage rates were roughly unchanged to begin the week. That means they are staying in line with the lowest levels in more than a year. Only 2 or 3 days have been any better, depending on the lender, and the differences are minimal. It's refreshing to see rates near long-term lows after somewhat of a scare 2 weeks ago. Heading into March 1st, rates rose at their quickest pace in more than a month. In so doing, they were also potentially breaking out of a sideways range that had dominated most of 2019. When rates break such ranges, it's not uncommon for them to keep moving in the direction of the break. In other words, we may have been looking at the beginning of a bigger move toward higher rates. Thankfully, last week saw a complete reversal of the negative momentum. This restored the previous
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Mortgage Rate Watch
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Mortgage rates were roughly unchanged to begin the week. That means they are staying in line with the lowest levels in more than a year. Only 2 or 3 days have been any better, depending on the lender, and the differences are minimal. It's refreshing ... (read more) |
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Rob Chrisman
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How do you pay your bills? (Do you pay your bills?) Cash? Check? Automatic debit? There is a myriad of ways that borrowers remit their mortgage payments , with auto-pay (28%) and a mortgage servicer’s website (22%) “taking up half of the ... (read more) |
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MBS Commentary
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Stop me if you've heard this one before. There's this range in early 2019... It was consolidating. Then it broke. Now it's sideways.
Unless you're just joining us for the first time, you've likely had quite enough of all the rang... (read more) |
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Mortgage Rate Watch
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Yesterday, we talked about how mortgage rates were actually lower this week, despite some news coverage to the contrary, and how that discrepancy was the result of a logical misunderstanding. Today takes the discrepancy to another level as rates fell... (read more) |
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MBS Commentary
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From bumpy ride to smooth sailing: bonds gained more ground this week than they lost during last week's range-breaking sell-off. I firmly believe that would not have been the case were it not for the key events of the past 2 days. Yeste... (read more) |
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MBS Commentary
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Today brought the Retail Sales report, which was responsible for a fairly big reaction the last time it came out. This time around, the reaction was almost undetectable . Granted, that likely has a lot to do with the fact that it was muc... (read more) |
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