Mortgage Rate Watch | | Mortgage rates have been in an exceptionally narrow range since last Tuesday with the 30yr fixed index hovering just under 7%. The average lender is just a hair higher today versus last Friday, but still just under 7%. As always, the index is ... (read more) |
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MBS Commentary | | The ISM Manufacturing PMI has more potential than most economic reports to cause a reaction in the bond market, even if it isn't perfectly consistent. As today's only big ticket data, it was well positioned to set the tone this morning. While it... (read more) |
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Rob Chrisman | | Any lender or mortgage loan originator hoping for lower rates to spur business is learning that hope is not a strategy. “Rob, you’re always talking about inflation, so here’s an example of wage inflation: In the Bay Area we just paid a plumber $212/h... (read more) |
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