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With yesterday's big rally out of the way (a correction to a correction in the yield curve, as discussed in yesterday's close), the most logical implication is for bond markets to get back to a slow, narrow, sideways grind ahead of another extended h...
Rob Chrisman
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For further evidence of the uneven recovery among U.S. housing markets , how's this: In the 10 most expensive U.S. metropolitan areas, median home values have increased by 63 percent since 2000, after adjusting for inflation. In the 10 cheapest metro... (read more)
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MBS Commentary
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With yesterday's big rally out of the way (a correction to a correction in the yield curve, as discussed in yesterday's close), the most logical implication is for bond markets to get back to a slow, narrow, sideways grind ahead of another extended h... (read more)
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Housing News
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Mortgage lenders continue to see a negative profit outlook for the first quarter of the New Year, the fifth consecutive quarter they have done so. Thirty-eight percent of respondents to Fannie Mae's Fourth Quarter Mortgage Lender Sentiment Survey®... (read more)
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Mortgage Rate Watch
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Mortgage rates had a bad week last week, quickly rising to the highest levels in months. To make matters more frustrating, there weren't any clearly-delineated reasons for the rate spike. Making sense of the movement required a dive into the esoteric... (read more)
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MBS Commentary
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Last Tuesday was not my favorite kind of day when it comes to discussing reasons for bond market movement. The tax bill was in the process of being passed in Congress, thus almost ensuring that anyone who investigated the massive sell-off in bond mar... (read more)
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Housing News
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Pending home sales pulled off a second straight gain in November, but just barely . The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI), which is based on contracts for existing home purchases , rose 0.2 per perce... (read more)
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consumerfinancemonitor.com
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