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Mortgage News Daily

• Higher Inflation Expectations Keep Yields Range-Bound May 10, 2024
  Higher Inflation Expectations Keep Yields Range-Bound It's not as if bond yields stood any real chance of breaking outside the week's prevailing range based on today's starting point, but by losing a modest amount of ground, they ended up staying even closer to the 4.50% psychological level ahead of next week's big CPI revelation.  Today's driver […]
• The Upcoming Week Will Be Significantly More Volatile May 10, 2024
  In general, you should be skeptical any time someone says a future week will be more volatile. There's really no way to know such things in advance, but this time is an exception. While we can't have any idea which  direction rates will move next week, we can be sure that we'll see more volatility.  […]
• Every Bit as Sideways as it Should Have Been May 10, 2024
  The following should be prefaced with the reminder that it is impossible to predict the future with much precision when it comes to bond market movement.  That said, there are times when certain outcomes are far less surprising than others on any given day or week.  For the current week, that base case involved a […]
• Broker Loan Products; Super Jumbo, Accounting, RON, Fraud Prevention Products; Wholesale and Correspondent News May 10, 2024
  On a flight yesterday I had a choice of movies and, knowing nothing about it, chose “The Beekeeper,” filled with severed fingers and broken glass being shoved into jugular veins. Fortunately, I followed it with “Boys in the Boat” (predictable but well done), otherwise I was going to spend my weekend watching “Notting Hill” and […]
• Mortgage Rates Technically at Lowest Levels in a Month May 9, 2024
  The most prevalently quoted conventional 30yr fixed rates are at the lowest levels in a month as of today, but there are a few "yeah buts" that make that achievement look a bit less lofty.  The first is that the rates seen on any day this week would have qualified for the same distinction if […]
• Bonds Boosted by Data and Well-Received Auction May 9, 2024
  Bonds Boosted by Data and Well-Received Auction Jobless Claims data doesn't normally move the market, but it did this morning, even if only by a bit.  It was enough to turn modest losses into modest gains ahead of the afternoon's 30yr bond auction.  Here too, hopes were not high for a big reaction.  After all, […]