Latest / Chrisman Commentary - Daily Mortgage News
9.15.26 Around the Industry; FirstClose’s Adam Nicholson on Cycle Times; Treasury Yield Patterns
Driven by near-year-high interest rates and a lack of borrower incentive, a broadening slowdown in MBA mortgage applications is being led by a sharp, government-borrower-led decline in refinance activity that could ultimately drag monthly gross MBS issuance below $100 billion by the end of the year. Robbie interviews FirstClose’s Adam Nicholson on how faster cycle times directly impact pull-through and funded volume. And driven by persistent supply, geopolitical tensions, and an upcoming Federal Reserve interest rate decision, the 10-year U.S. Treasury yield breached 5 percent for the first…
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