MBS Commentary | | Yesterday ended with yields grinding into an ever narrower consolidation pattern with 2.91% serving as the ceiling in the 10yr. That's exactly where bonds were trading when the German inflation data shocker hit, sending yields at home and abroa... (read more) |
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Mortgage Rate Watch | | The average mortgage rate headline among major news networks suggests things improved this week. The average headline is wrong . Don't blame the news organization in question. They're just taking part in the longstanding tradition of covering... (read more) |
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Rob Chrisman | | “The officer said, ‘You drinking?’ I said, ‘You buying?’ We just laughed and laughed.... It’s Friday morning and I need bail money.” No one ever struck it rich by keeping their money in a savings account, although American Express National Bank is of... (read more) |
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