Mortgage Rate Watch | | Seemingly overnight, the internet is awash with news regarding a "new," unfair tax on mortgage borrowers with higher credit scores. Some have gone so far as to suggest that someone could intentionally lower their credit score in order to get a better... (read more) |
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MBS Commentary | | Bonds began the day in roughly unchanged territory and made some gains early. The 9:45am PMI data was the only item on the calendar and we'd consider that to be 2nd tier, at best. It's telling, then, to see the immediacy of the reaction g... (read more) |
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Rob Chrisman | | California, home of nearly 25 percent of home loans, is doing some interesting things, utility-wise. Last year came AB 205 which instructs the state’s utility commission to base the residential fixed charge on a customer’s household income level, wit... (read more) |
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