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Rob Chrisman
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Tropical Storm Harvey is very slowly creeping back toward the Gulf of Mexico but it was moving at only three miles per hour as of early Monday, so Southeast Texas, where Harvey made landfall, is still in danger. At least five deaths, and many more in... (read more) |
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MBS Commentary
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Sometimes, events are such that the typical summertime trading patterns aren't easily seen in terms of trading ranges and volatility. For instance, in 2015, we had a correction in bond markets following the ECB-QE-inspired low yields earlier in... (read more) |
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Mortgage Rate Watch
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Mortgage rates were unchanged today, on average. Some lenders were slightly better, others were slightly worse, but none were very far from yesterday's latest levels. In fact, most prospective borrowers would see the exact same quote they saw yesterd... (read more) |
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Housing News
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In July, the Consumer Financial Protection Bureau (CFPB) said it was rethinking implementation of its rules changing reporting requirements for the Home Mortgage Disclosure Act (HMDA). The new rule was authorized in 2015, and will, for the first time... (read more) |
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MBS Commentary
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Today's Jackson Hole symposium couldn't have been any more anticlimactic even if this year's topic were "How to Deliver Anticlimactic Speeches on Monetary Policy." Although this was widely expected to be the case, understand that there's a lot... (read more) |
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Rob Chrisman
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My boss arrived at work in a brand-new Lamborghini. I said, "Wow, that's an amazing car!” He replied, "If you work hard, put all your hours in, and strive for excellence, I'll get another one next year." Seventy-eight percent of full-time worke... (read more) |
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