Posted To: MBS CommentaryHeadlines continue overstating the connection between US market movements and the financial drama in Turkey. Today was… Continue reading MBS RECAP: Bonds Dragged Into Snowball Rally by Stocks (Not Turkey)
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Michael Ayoub, Author NMLS ID 6631
Mortgage Rates Barely Lower Despite Bond Market Cues
Posted To: Mortgage Rate WatchMortgage rates fell only modestly today despite a much stronger move in broader bond markets. I… Continue reading Mortgage Rates Barely Lower Despite Bond Market Cues
Builder Confidence Retreats Once Again
Posted To: MND NewsWireRising concerns about costs and labor shortages continue to take a toll on home builder sentiment according… Continue reading Builder Confidence Retreats Once Again
MBS Day Ahead: Foreign Markets Helping Bonds (Not Turkey)
Posted To: MBS CommentaryFrom New York, traders have been looking east for at least some level of inspiration from Turkish… Continue reading MBS Day Ahead: Foreign Markets Helping Bonds (Not Turkey)
Fulfillment, Non-QM Products; Corporate Name Changes; What is a Mirror Security?
Posted To: Pipeline PressBond prices and mortgage rates, like nearly every commodity, are driven by supply and demand. I mention… Continue reading Fulfillment, Non-QM Products; Corporate Name Changes; What is a Mirror Security?
Mortgage Applications: Purchase Volume Declines, Refis Stabilize
Posted To: MND NewsWireIt was another week of decline for mortgage applications as those for home purchase slid for the… Continue reading Mortgage Applications: Purchase Volume Declines, Refis Stabilize
MBS RECAP: Bonds Fight Off Sharper Retreat Ahead of Data
Posted To: MBS CommentaryBonds began the day in moderately weaker territory as Turkish tensions eased overnight. That certainly wasn’t the… Continue reading MBS RECAP: Bonds Fight Off Sharper Retreat Ahead of Data
Mortgage Rates Edge Higher Ahead of Retail Sales Data
Posted To: Mortgage Rate WatchMortgage rates were sideways to slightly higher today, depending on the lender. With the exception of… Continue reading Mortgage Rates Edge Higher Ahead of Retail Sales Data
Florida, Houston Delinquencies Still Reflecting 2017 Storms
Posted To: MND NewsWireThe effects of Hurricane Irma continue to be felt in the Southeast, with Florida the only state… Continue reading Florida, Houston Delinquencies Still Reflecting 2017 Storms
MBS Day Ahead: With or Without Turkey, Bonds Face Same Challenges
Posted To: MBS CommentaryTurkish Lira bounced in the overnight session–not in any epic fashion, but enough to result in a… Continue reading MBS Day Ahead: With or Without Turkey, Bonds Face Same Challenges