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
 

Rates Hold Steady in Spite of Markets; First Read on Feb Home Prices Surprisingly Strong

Rates Hold Steady in Spite of Markets; First Read on Feb Home Prices Surprisingly Strong

Mortgage rates were steady to slightly lower today, even though bond market movement suggested a move higher. That's interesting because mortgage rates are driven primarily by bond market movement. It's not common to see the two moving in the opposite direction. So what gives? In today's case, the discrepancy is pretty easy to explain. Bonds and rates both improved fairly substantially yesterday. Bond markets improved a bit more in the afternoon and most lenders didn't have the time or the will to react with rate sheet improvements. The late day bond market gains also set a high bar for today's measurement of improvement. In other words, today's "day-over-day change" looks worse than it is, simply because yesterday's closing levels were so good. A more holistic view shows the bonds underlying
No Comments

Sorry, the comment form is closed at this time.