Five Minute Maturity – 06/18/2021

Good morning and happy Friday! We don’t have anything scheduled for today in mortgage or housing news, so we’re going to keep it short and sweet with just one question, is it possible that the Fed is behind the curve on removing the stimulus. There was an...

Five Minute Maturity – 06/16/2021

Good morning and happy Fed hump day! Not only do we get the Fed rate announcement later today, we also had several scheduled housing releases. At 6:00 central time we got Mortgage Applications for the week ending June 11 from the MBA. After several down weeks in a...

Five Minute Maturity – 06/14/2021

Good morning! According to Fannie Mae’s Mortgage Lender Sentiment Survey for Q2 2021, lenders expect profit margins to decrease over the next three months, and this outlook has grown increasingly popular over the last three quarterly surveys. While demand for purchase...

Five Minute Maturity – 06/09/2021

Good morning and happy hump day. We’re finally back on the scheduled news train with Mortgage Applications, which came in this morning at -3.1% after a couple of previous weeks of negative numbers. The last two prints were at -4.0% and -4.2%. The newest report from...

Five Minute Maturity – 06/07/2021

Good morning, ladies and gentlemen, and welcome back for another week! Between the Fed’s large purchase cycles driving up prices and rapid prepayment speeds driving down realized yields, agency MBS have been a relatively unattractive investment since the start...