REACH THE RIGHT SOLUTION AT THE RIGHT TIME!
Contact NMSI
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.
CONTACT US
 

Mortgage Rates Jump; Overtime Rule Could Hurt Balance Sheets; FHA’s Atta-Boy

Mortgage Rates Jump; Overtime Rule Could Hurt Balance Sheets; FHA’s Atta-Boy

Mortgage rates rose rapidly today, relative to their average intraday movement potential. Things have been far from average, of course, and so it is that today's intraday losses can be among the worst of the year while the outright levels are the 4th lowest in more than a year. In other words, we only lost as much ground as we did because of how much ground we've been gaining recently. Recent action foreshadowed today's weakness to some extent, and my conclusion yesterday about the ephemeral nature of long term lows is quite applicable today: "markets run hard. Sometimes they can surprise you as to how hard and how fast they're willing to run. But then at some point, the running is over, or worse: we run in the other direction." While today did indeed bring a "run back in the other direction
No Comments

Sorry, the comment form is closed at this time.