Mortgage bond prices finished the week sharply lower which put significant upward pressure on rates. We started the week on a negative note Monday, remained flat through mid-week, and then worsened the remainder of the week. Inflation remained a
The year is winding down, but the economic news will be heating up. In the next week or so we will have the “trifecta” of economic events. First, this week we will see the measure of economic growth
In September, demand for second homes was 60% higher
Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates (K Certificates), which includes a class of floating rate bonds indexed to the Secured Overnight Financing Rate (SOFR). The
In late June 2021, America and the world watched in horror as rescuers combed through piles of rubble and everyday household goods looking for survivors of the condo building collapse in Surfside, Florida. After the first few hours, no survivors
MARKET COMMENT
Mortgage bond prices finished the week lower which put upward pressure on rates. We started the week on a positive note Monday but sold off most of the remainder of the week. The Fed continued their billion-dollar daily MBS
– Rate lock volumes fell across the board in September as interest rates rose throughout much of the month
– Black Knight’s OBMMI daily interest rate tracker showed September’s month-end conforming 30-year rate at 3.20%, 16 basis points higher
The Delta has risen. Many economists are worried that this phase of the COVID pandemic could choke off the economic recovery – or at least slow it down. Looking for evidence? It is all about jobs. If the
Fannie Mae (FNMA/OTCQB) today announced that it will not utilize its October 5, 2021 Benchmark Notes® announcement date. As announced in our 2021 Benchmark Securities® Issuance Calendar, the company may forgo any scheduled Benchmark Notes issuance.
