Despite an early rally in stocks, it has been a relatively quiet morning thus far for Mortgage Backed Securities. No economic data will be released today, so all signs point to a relatively flat afternoon.Compared to Tuesday's closing, the market has opened with a 0.125 worsening to the Points/Cr
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02/22/2016
Volatile day thus far for Mortgage Backed Securities. Despite a rough opening, we have had a mid-day pricing improvement given the declines in stocks!Compared to Tuesday's closing, the market has opened with a 0.125 worsening to the Points/Credits associated with any given interest rate option (
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02/10/2016
It has been another volatile morning. Bonds have rallied while stocks are declining. The ADP estimate for private sector job growth in January was 205K, above the consensus of 190K. Additionally, ISM Services came in below expectations.Compared to Monday's closing, the market has opened with a 0
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02/03/2016
Quiet morning thus far for Mortgage Backed Security pricing...the Dow is up roughly 240 points. Report on Consumer Confidence came in higher than expected. Fed Meeting tomorrow.Compared to Monday's closing, the market has opened with a 0.000 change to the Points/Credits associated with any given
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01/26/2016
Mortgage Backed Securities declined this morning following a rally in stocks and stronger than expected housing data. Existing Home Sales came in above expectations.Compared to Thursday's closing, the market has opened with a 0.250 WORSENING to the Points/Credits associated with any given intere
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01/22/2016
China released its 4th Quarter GDP this morning, which was 6.8% (below expectations). For the year, it was 6.9% (the slowest pace in 25 years). The Stock Market has reacted favorably thus far as Investor expectations for additional stimul from the Chinese government have grown. NAHB Housing came
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01/19/2016
The JOLTS report showed 5.43M job openings, an increase from last month. No further economic data will be released today.Compared to Thursday's closing, the market has opened with a 0.125 IMPROVEMENT to the Points/Credits associated with any given interest rate option.This daily mortgage interest
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01/12/2016
What interest rate changes can we expect in 2016? The market opened with an improvement due to concerns about the pace of economic grown in China and rising tensions in the Middle East. Weaker than expected manufacturing data in China caused a selloff in Chinese equities which was followed by de
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01/04/2016
On the heals of a very disappointing run in mortgage rates last week, we begin this week on the right path. Read below on what to expect as the week progresses.Compared to Friday's closing, the market has opened with a 0.125 IMPROVEMENT to the Points/Credits associated with any given interest rat
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12/07/2015
TRID Talking Points A few years ago, the Real Estate Community was blind-sighted by the implementation of the Mortgage Disclosure Information Act (MDIA). Amidst the chaos of the Housing Crisis, the MDIA was yet another unwelcomed change that wreaked havoc on countless escrows. The main causes
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11/10/2015
