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’ Losing Streak Continues; Distress Measures Improve Rapidly; Realtors: It’s a Dog’s World

Rates’ Losing Streak Continues; Distress Measures Improve Rapidly; Realtors: It’s a Dog’s World

Mortgage rates moved higher for the 4th straight day today, following Fed Chair Janet Yellen's congressional testimony. It wasn't that Yellen's speech or Q&A contained any major surprises. Rather, bond markets (which dictate rates) were simply looking for some indication of "sooner vs later" with respect to the Fed's next rate hike. Her comments were generally more in line with "sooner." Bond markets responded by quickly trading rates to higher levels, resulting in multiple "negative reprices" for mortgage lenders this morning. Bonds calmed down in the afternoon, and ended up clawing back roughly half of the morning's losses by the end of the day. Many lenders were consequently able to offer "positive reprices"--bringing rate sheets part of the way back to yesterday's levels. Despite the
No Comments

Sorry, the comment form is closed at this time.