Against a consensus forecast of 170,000, the economy added 236,000 jobs in February, which is great news for the economy, but bad news for mortgage-backed securities. MBS hit lower levels on Friday due to the unemployment rate dropping.
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!
It’s no secret that high volume refinancing is dead—at least for now. To some degree, it feels as though we’ve been living in an incredibly protracted refinance cycle (when we weren’t in the death spiral of 2007 – 2011, of course). Read More