New home sales rebounded modestly in June, recovering some of the previous month's decline, though activity remained below year-ago levels as elevated...
Heading into today's Fed announcement, futures markets indicated roughly a 1 in 3 chance that the Fed would hike rates. They did not. This seems like ...
MBS are now at new lows for the day with 5.5 coupons down 10 ticks (.31) in total and 5-6 ticks (.16-.19) from the morning price plateau. Most lenders...
Tough day for the casual observer to try to make sense of what happened. There's even some disagreement between the not-so-casual observers. Let's foc...