
Mortgage Rates Officially at 2 Week Lows
Even though the underlying bond market is in slightly weaker shape today, mortgage rates ended up trickling just a bit lower than yesterday's latest levels. This can happen on occasions when there is a strong rally late in the previous day. Mortgage lenders don't end up passing along all of that imp
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Polly and Hedging, Database, Equity, CE, Fulfillment Tools; Prepayments; Dart Acquires ACT
As Robbie and I prepare to head to Chicago this weekend for the “MBA National,” yesterday I was speaking with someone at the bar at Legs Inn in Northern Michigan. (Yeah, it’s somethin’.) We shouldn’t be afraid to talk about the economy, or politics, and I told her that I’ve been in capital markets f
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Slightly Weaker Start. Keep 3-Day Weekend in Mind
After yesterday's nice comeback, here's how we're thinking about today. Fridays before 3-day weekends: frequently see a move to the sidelines among certain investors. Traders who were tactically long bonds over the past 2 days could be booking profit. Translation: some of the strength over the past
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Yields "Plummet" to Best Level In...
Yields "Plummet" to Best Level In... 4 trading days... All the way back on October 2nd (last Friday), intraday lows were 5.151%. In other words, today's rally was definitely nice and definitely worth discussing, but if we're witnessing the inception of anything legitimately exciting here, it's in a
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