Mortgage Today 03/19/24: Surging Housing Starts and UMBS Gain – Fed’s Rate Decision Looms Amidst Recession Talks
UMBS opened up 11 bps in the AM. Stocks are lower this morning after the Bank of Japan officially ended its twelve year era of negative interest rates. Housing starts rose 10.7% month-over-month and 5.9% year-over-year to [...]