The Week Ahead – Bill Godfrey, EVP Capital Markets

Headline News and Market Report “Bond Market News and Perspective for Mortgage Professionals” Monday, October 24, 2011 No Economic Indicators are scheduled for release today. Treasury 30-Year Bonds Gain as Europeans Struggle to Resolve Debt Crisis  U.S. 30-year bonds ended a four-day decline after European policy makers ruled out tapping the central bank to boost... Continue Reading →

The Week Ahead – Bill Godfrey, EVP Capital Markets

On the supply side, outside of the weekly 3 and 6 month T-Bill auctions on Monday , there is only one short term Treasury auction of $30 billion in reopened 4-week bills Tuesday. Economic news from Friday showed that business inventories have expanded modestly faster than realized over the past few months. Augusts’ gains were +0.5%... Continue Reading →

Opinion: MetLife to Sell Mortgage Business

Met Life is concerned about the new regulations affects on their insurance business. B of A is getting out the correspondent business, because they are concerned about the affects Basel III puts on their capital via their servicing valuations. Mason McDuffie is a true mortgage banker, who’s only business is mortgages (not life insurance, not... Continue Reading →

Fixed mortgage rates in decline

Christian Science Monitor: FULL ARTICLE The average rate for a 30-year fixed rate mortgage declined 4 basis points to 4.11 percent since last week, while the purchase application volume declined 0.8 percent and the refinance application volume declined 5.2 percent over the same period.

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