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Mortgage Rates Roughly Unchanged Despite Bond Market Improvement
Mortgage rates had a tough day on Friday, largely in response to bond market volatility surrounding heavy forex trading as a part of US/Japan efforts to prop up Japanese currency (not a common source of inspiration for rates). Higher oil prices didn't help. As we begin the new week, de-escalation i
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Webinars, LOS, Title, eNote, Processing Tools; NAR, Owner Wealth, and Dropped Coverage
Non-QM investors are “licking their chops” by using the information that the FHFA, through Freddie and Fannie, is requiring a more thorough lender assessment before approving condo loans beginning today. Non-QM is not. Who is going to say that information isn’t important? Lenders and the markets lik
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Stronger Start on Iran News, Stronger Data Taken in Stride
Bonds opened the trading session in much stronger territory, following the drop in oil prices associated with another round of de-escalation hopes in the Iran war. The root cause was the cancellation of planned air strikes as well as comments that suggested a reopening of negotiations. As has been t
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Esoteric Forex Drama Blasts Bonds, Maybe
Esoteric Forex Drama Blasts Bonds, Maybe Friday was very much NOT on the beaten path of typical bond market considerations with most of the selling arguably stemming from Japanese currency intervention. We've seen similar episodes in the past, but today's installment came with a twist. In addition
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