Author name: Ricky Vasquez

Mortgage delinquency rates increased in the most recent quarter, with Federal Housing Administration-backed distress spiking to multiyear highs, according to the latest industry report.  Processing Content Delinquencies increased to 4.26% in the fourth quarter on a seasonally adjusted basis, jumping up 27 points three months earlier, with upticks observed across all leading loan types. Year

The 5-year yield dropped 12+ bps in the days leading up to the BLS jobs report only to give back most of the gains just minutes after that report showed much stronger job growth than expected. From there it dropped 12+ bps again heading into this morning’s CPI report, also compiled by the BLS, but