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Fri, 20 Jan 2017

MBS RECAP: Bonds Bounce Back After Inauguration

Posted To: MBS CommentaryTo be fair to today's presidential inauguration, it was never destined to be an exceptionally big market mover. Traders nonetheless had to prepare to move in either direction in the event Trump's speech contained something revelatory. It didn't... at least not...
Fri, 20 Jan 2017

Mortgage Rates Remain at Recent Highs Despite Afternoon Bounce

Posted To: Mortgage Rate WatchMortgage rates rose slightly today, on average, but performances varied by lender and depending on the time of day. Rates were higher across the board this morning as global bond markets added to yesterday's weakness (weaker bond markets = higher rates, in general). ...
Fri, 20 Jan 2017

FHA Premium Cut Officially Reversed; Mortgagee Letter Already Out

Posted To: MND NewsWireAs was being widely rumored yesterday, the newly installed Trump Administration has indefinitely suspended a scheduled reduction in the annual premium for Federal Housing Administration (FHA) insurance. A 25-basis point reduction in that premium was announced by then Housin...
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