
Back to The Stronger End of The Range
This is the problem with narrow trading ranges. Yesterday, yields were safely inside a narrow range near long-term lows. Today, they're challenging the lowest levels since November. Any time we're at the best levels in months, it's normal to want to know why, but because of the narrow range, there i
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In-Range PM Weakness
In-Range PM Weakness Viewed under a microscope, it may have seemed like today was a relatively volatile session for the bond market. Weaker opening levels in Treasuries gave way to a mid-day rally that nearly got rates back to unchanged levels. But the afternoon saw steady selling that took bo
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Mortgage Rates Mostly Holding Long-Term Lows
It may not be as glamorous as being able to say mortgage rates are "in the 5s," but at 6.00%, today's MND rate index is a mere 0.01% higher than yesterday's multi-year low. For all practical purposes, this means the average borrower will see almost exactly the same rates as yesterday. In
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Non-QM, QC, Cash Flow Worksheet, Virtual Economist, Home Equity Closing Products; FHA/VA News
It is no secret that Congress and regulators have trouble keeping up with technology. But is an AI โconversationโ with a borrower any different than a questionnaire given to that same borrower? Will the line be drawn at RESPA items? Can regulators audit transcripts of AI โconversationsโ without cour
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