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Tue, 01 Sep 2015

Mortgage Rates Fairly Steady; Volatility Still Looming

Posted To: Mortgage Rate WatchMortgage rates didn't move much today. Whether or not you see today's rates in better shape vs yesterday depends on how your lender approached yesterday afternoon's quick deterioration in mortgage-backed-securities (the bonds that dictate mortgage rates). Many lender...
Tue, 01 Sep 2015

MBS RECAP: Range Grows Even More Narrow; Bonds End Near Best Levels

Posted To: MBS CommentaryToday was a classic "inside day," meaning that the entire range of trading took place inside yesterday's trading range. As far as domestic hours are concerned, it wasn't even close. 10yr yields continued holding the 2.13-2.20 range (doesn't include the run abo...
Tue, 01 Sep 2015

Construction Spending Flat but still Posting YoY Improvement

Posted To: MND NewsWireConstruction spending posted a slight increase in July rising 0.7 percent from the revised June estimate of $1,075.9 billion to a seasonally adjusted annual rate of $1,083.4 billion. The July number was 13.7 percent higher than the estimate in July 2014 of $952.5 billion. R...
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