When the third quarter is over at the end of the month, it is likely agency mortgage-backed securities issuance volume will not reach either BTIG and consensus expectations, a new report said. As borrowers shift toward home equity products, originators focused on HELOC and non-QM securitizations have a distinct competitive edge. Processing Content “If we […]
Q3 agency MBS lags targets as home equity, non-QM gain ground Read More »
The US Treasury tripled the initial size of its next buyback of longer-dated government debt, in an announcement that was met with initial disappointment by investors. Processing Content The Treasury Department said it will buy up to $6 billion of outstanding securities set to mature in the 10- to 20-year sector. It’s the first such operation under
Bessent triples debt buyback but market shows disappointment Read More »
US mortgage rates climbed to a more than one-year high last week, extending a steady rise in borrowing costs since the start of the Iran war. Processing Content The contract rate on a 30-year mortgage rose 6 basis points to 6.85% in the week ended Sept. 4, according to Mortgage Bankers Association data released Wednesday.
Mortgage rates rise to 6.85%, highest in more than a year Read More »