
Data and War Headlines Erase Overnight Gains
Bonds rallied modestly in the overnight session after Trump said the US may exit the war soon. Those gains have been more than erased (just barely) after this morning's data. Both ADP and Retail Sales were stronger than expected although it should be noted that Retail Sales is for the month of Febru
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Another Day of Gains With Some Quarter-End Distortion
Another Day of Gains With Some Quarter-End Distortion Q1 was fairly eventful for the bond market with solid--sometimes puzzling--gains in February followed by a relative rout in March. Heavy quarter-end rebalancing flows are making for more volatility than normal at 4pm ET, but up until that point,
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Mortgage Rates Fall Back Below 6.5%
Mortgage rates moved lower for the second straight day as markets responded to potential de-escalation in the Iran war. Rates are based on bonds and bonds improved overnight as The President said the war could end even if the Strait of Hormuz was not yet reopened. Additional improvement follow
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BBYS, Cybersecurity, AI Assistant Tools; Non-Agency News; STRATMOR on Owning Servicing
Appraisal methodology and analysis have changed over the years, and we’re about to undergo another major alteration with UAD 3.6. Some investors are ahead of the 11/2/26 curve. For example, Newrez is now accepting loans from clients who have adopted the Uniform Appraisal Dataset (UAD) 3.6 Appraisal
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