Can My Bank Close My Account?
If youâre suddenly unable to access your bank account or your debit card is declined, your account might have been closed. Having a closed bank account means that your accountâ¦
If youâre suddenly unable to access your bank account or your debit card is declined, your account might have been closed. Having a closed bank account means that your accountâ¦
Posted To: MBS Commentary
Huge Mortgage-Specific Weakness The rate reset continues. Just when you thought 10yr yields surely couldn't go any higher, they did. New intraday highs of 1.394% in 10yr yields, and closing near the 1.37% inflection point. MBS aren't happy about it. When rates spike this quickly, MBS typically have to undergo a fast and painful repositioning of relevant coupons. The current iteration has seen 2.5 UMBS take the place of 1.5 coupons in just a few short weeks. But even 2.5 coupons got killed today. Multiple lenders repriced for the worse–some of them more than once. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Leading Economic Indicators 0.5 vs 0.5 f'cast Market Movement Recap 08:40 AM Heavy selling overnight in Asia. 10's hit highs of 1.394. Better buying in Europe despite…(read more)
LegalShield’s network received fewer legal services requests regarding bankruptcy, debt collections, foreclosures and evictions in January – pushing down consumer stress and foreclosure indices. “This decreased level of requests for legal advice and support may well reverse with lower future stimulus support and a cessation of eviction moratoriums,” said LegalShield CEO Jeff Bell. Federal stimulus … [Read more…]
Mortgage And Refinance Rates Today, Feb. 17 | Rates rising or steady The Mortgage Reports
A 51% attack is when a single cryptocurrency miner or group of miners gains control of more than 50% of a network’s blockchain. Such attacks are one of the most significant threats for people who use and buy cryptocurrencies. The 51% attack scenario is rare, largely because of the logistics, hardware and costs required to […]
The post What is a 51% Attack? appeared first on SoFi.
Today’s mortgage and refinance rates Average mortgage rates rose appreciably yesterday, as we predicted. They’re still below 3% for 30-year fixed-rate mortgages. But it’s been a while since they’ve been […]
Posted To: MBS Commentary
After 8 straight days with yields closing higher than they opened, bonds are starting out in stronger territory with a chance to reverse the curse. The longer those losing streaks are, the more certain we can be of seeing a corrective green day. Today has every possibility of becoming that day. In fact, as of right now, it already is. But much like that old Jedi dude and the droids, this may not be the bounce we've been looking for. While a rally today would indeed fulfill the increasingly dire need for a technical correction in bonds, the rally would be more meaningful if it coincided with tomorrow's 10yr Treasury auction as opposed to today's 3yr. Why? 3yr Treasuries are a fundamentally different part of the bond market–one with far less bearing on mortgages, and simply not very…(read more)
Learn how to apply for a mortgage the right way. Give yourself the best shot at getting the type of loan you want and a low interest rate when you apply.