What happened yesterday? Overview Mortgage backed securities (MBS) gained 40 basis points (BPS) from last Friday's close which caused fixed mortgage rates to move slightly lower from the prior week…
What Happened Last Week? Mortgage backed securities (MBS) lost 25 basis points (BPS) from last Friday's close which caused fixed mortgage rates to move slightly higher from the prior week.…
I hope you had a great 4th of July weekend! What Happened Last Week? Greece has defaulted and voted to "stick it" to the IMF/ECB, etc. And the reaction by…
What Happened Last Week? Mortgage backed securities (MBS) lost 29 basis points (BPS) from Wednesday's close which caused pricing to move sideways. MBS are effectively moving sideways and in a…