
Bonds Scratch Out a Win Amid Dueling Headlines
Bonds Scratch Out a Win Amid Dueling Headlines Bonds remain surprisingly willing to react to the most seemingly insignificant war-related headlines. Today it was the much-debated geographical location of Pakistan's lead negotiator, Asim Munir, that set the tone. Bonds rallied on early accounts that
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Mortgage Rates End Week Roughly Unchanged
Mortgage lenders rely on the bond market to generate mortgage rates. In addition to being fully closed on Monday for Memorial Day, bonds also close 3 hours earlier than normal on the preceding Friday (i.e. today). The abbreviated trading session was fairly uneventful for rates despite some back-and-
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Builders Breaking Ground at Fastest Pace in 2 Years
Residential construction activity was mixed again in April, as building permits rebounded while housing starts pulled back modestly from Marchβs stronger pace. The latest Census Bureau data continues to reflect a construction sector navigating uneven demand and affordability pressures. Privately own
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Borrowers Shift Toward ARMs as Fixed Rates Climb
Mortgage applications pulled back last week as rising rates weighed on homebuyer demand, while refinance activity remained largely flat. The Mortgage Bankers Association (MBA) reported a 2.3% decrease in total application volume on a seasonally adjusted basis for the week ending May 15. The decline
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