Is This The End of The Friendly Trend? Bonds weathered their biggest day of selling since September today and their only notable day of selling since the recent downtrend in rates began in mid-October. The blame game was simple: CPI was much higher than expected and there were no silver linings in the report's internal […]
Rates enjoyed a remarkably calm winning streak over the past month with the worst single day resulting in a 0.06% increase for a top tier 30yr fixed loan and the average day seeing a 0.02% decline. That streak was dealt its first serious blow today following a hotter than expected in the Consumer Price Index […]
“I found a 95 year old painting in my attic. I asked him to leave.” Humor aside, many people have been asked to leave places like Fannie Mae, Freddie Mac, Go Mortgage, Onity, and others. It isn’t surprising, and the reductions are, in fact, a sign of the times given the time of year and […]