It's possible mtg rates will go down with tapering. Fed is not raising rates. Long rates may have overreacted to tapering. We could see another round of refi's if we get down to 4.25 on the 30yr mtg.
Technically very bullish. 7.5 been quite a hurdle lately. I personally think the markets rally on Fed taper of 10-15b. Market is expecting it. At worst it's a non event. We could still head towards 8. MI's seem to be getting a lot of interest.
I agree TG. Chart looks real good. Close above 7.50 would have been nice. Trying to break to the upside. We will see today.
Nice profit and large loan loss release and continued drop in DQ's next Q and hot market = short squeeze. About time they throw in the towel! 20 possible.
Cut of 10 billion in treasury's 5B in mortgage backed's baked into the markets already. No reason for them not to do it.
Move back to high sevens next week would be nice. 8's even better!
With the exception of a few big names, not much of anything is going up. No volume either.