Bounce

Existing Home Price Appreciation Hits All-Time High and New Home Sales Bounce Back

Economic and Housing Weekly Note – April 23, 2021…(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Around The Web

Continue Reading

MBS RECAP: Huge Jobs Report, Logical Weakness, and a Nice Bounce, But…

Posted To: MBS Commentary Huge Jobs Report, Logical Weakness, and a Nice Bounce, But… Bonds did quite well today considering Powell's endorsement of higher rates (yesterday) combined with this morning's significantly stronger jobs report. Most of the push back was seen in MBS, however, and even then, closing levels are only really worthy of enthusiasm […]

Continue Reading

MBS Day Ahead: Friendly Bond Bounce Continues as 10s Target 1.0%

Posted To: MBS Commentary With 10yr yields breaking the 1.075% technical floor on Monday, the bond market added evidence to the case for a move back to 1.0%. Today's early gains make the evidence nearly overwhelming with yields less than half a basis point away at times. With the Fed coming up this afternoon, it […]

Continue Reading

Nice Bounce Back For Mortgage Rates After Rocky Start This Week

Posted To: Mortgage Rate Watch Earlier in the month, mortgage rates rose somewhat abruptly as lenders got in a defensive position ahead of the election. They’d learned in 2016 just how volatile the bond market (the key ingredient in the rate movement equation) could be after an election and it made sense to minimize exposure […]

Continue Reading