Welcome to Nationwide Management Services, Inc.
Our services are supported by a unique and proprietary fully-automated inspection system. Our system allows our agents to contact and complete your requests much faster and more effective than our competitors. We ensure you get the right service and provide you with access to comprehensive reports so that our relationship is 100% transparent. Our goal is to maximize every dollar you spend with us and to enhance the overall loss mitigation experience with you as well as your customer.
It was a great run for mortgage rates over the last 2 weeks with a sharp decline last week followed by very respectable ground-holding in the present week.
But things got less respectable today. Bonds (which underlie day to day rate momentum) began the day in only moderately weaker territory before tanking hard in the afternoon. Said tankage was the result of an appallingly weak 30yr Treasury auction.
We discussed Treasury auction implications a bit yesterday , but the gist is that a bad Treasury auction is bad for rates. It's that simple and today's Treasury auction was very bad. There's nothing too dramatic underlying the bad showing. If anything, it's just confirmation that rates have managed to come a long way (lower) very quickly and that it's time for them to cool off