
Central Banks Cite Oil to Steal Spotlight From Oil
In the space of 2 days, central banks have completely stolen the spotlight from energy prices, but they have relied on energy prices to do so. More simply put, markets had been following oil prices until this week's central bank announcements. At that point, central banks cited energy prices as a re
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Volatile Day Thanks to Central Banks And, Eventually Oil
Volatile Day Thanks to Central Banks And, Eventually Oil Bonds took a break from their lock-step tango with oil prices for most of today's session instead focusing on European Central Bank (ECB) policy news. Key considerations included a sharply higher inflation forecast, warnings of additional upsi
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Mortgage Rates Jump Back Up to 7-Month Highs
Mortgage rates hit 7-month highs last Friday, but recovered fairly nicely on the first two days of the present week. The past 2 days have been a bit rough, unfortunately. Over that time, the average top-tier 30yr fixed rate rose 0.14% to 6.43%--just a bit higher than last Friday's 6.41%. Whereas mor
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Broker, Correspondent, Subservicer Oversight Tools; IMB Cost $11k Per Loan; STRATMOR Survey
The FHFA announced that Fannie and Freddie will remove βcertainβ homeowners insurance requirements which may reduce costs. But what are people saying about where their industry-facing priorities are? Both are focused on leveraging technology and reminding lenders of their existing products. For exam
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