Housing News | | March was a good month for the mortgage market with application volume growing for four straight weeks, but as the month ended, so did the winning streak. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage l... (read more) |
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MBS Commentary | | Rates Rally Cautiously After ISM Services Data On the approach, today's ISM Services PMI looked like the 2nd biggest report of the week. In practice, bonds only managed a modest rally in response. ... (read more) |
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Mortgage Rate Watch | | It seems like only a few weeks ago that the average 30yr fixed mortgage rate was surging up to 7% from 6% just a few weeks earlier. In fact, it doesn't just seem that way. That's exactly what happened on March 2nd. Rates remained ne... (read more) |
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Rob Chrisman | | “I’ve had $8,000 in my bank account and I’ve had $8. Let me tell you, the $8 lasted longer.” $42 billion in deposits didn’t last long in Silicon Valley Bank. Until lunch, basically, as money was silently transferred to other depositories in a matter ... (read more) |
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