Mortgage-Backed Securities

There's an old adage in the mortgage business: "Rates take the stairs down, and the elevator up." It's supposed to mean that mortgage rates go up faster than they come down. It's practically gospel among the older crowd. Turns out, though, it's completely false.

There's an old adage in the mortgage business: "Mortgage markets take the stairs down and the elevator up." It's supposed to mean that mortgage rates rise faster than they fall. It turns out the saw has no teeth. Looking at data from the last 14 months, at nearly every price change delta of consequence, mortgage price improvements outnumber deteriorations

Why Can't The Media Tell You When Mortgage Rates Are Falling? It Doesn't Know How Mortgage Rates Work.

How Mortgage Rates Are Responding To Lehman Brothers, Merrill Lynch, And AIG

More Evidence That You Can't Use The 10-Year Treasury Note As A Gauge For Mortgage Rates

The Dissociation Between Mortgage Rates And The 10-Year Treasury Note

Getting Mortgage Rates Clues From The Stock Market

How To Track Mortgage Rates Using The Stock Market (This Week)

Why Even "The Gamblers" Are Asking To Lock Mortgage Rates As Early As Possible

Broadly, mortgage rates fell in 2007. It's befuddling because there are two major reasons why mortgage rates should have increased in 2007: The U.S. dollar took a precipitous decline against world currencies, devaluing mortgage bonds Inflation ran beyond the top...