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The Avalanche Begins for Interest Rate By Shmuel Shayowitz | February 18, 2021 The thing about avalanches is that they always start slow, grows in size as it rapidly accelerates until it’s totally out of control and wrecks everything in its path. That’s all I could think about these past few days, as I saw the bond market spike 20 basis points in yield over this holiday-shortened trading week. Indeed it started slowly as the 10-yr yield crossed over the critic...

Feeling The Heat In The Frigid Winter By Shmuel Shayowitz | January 28, 2021 As winter-break comes to an end for local yeshivas, many are returning from their travels in a very unusual Covid-19 vacation season. Some parents have expressed fury against the schools for maintaining such a long break, necessitating the need for many families to go away. For those that did leave, the timing couldn’t be better as temperatures plummeted to frigid levels. Shout-out to a...

U.S. banks are struggling to understand how their residential mortgage portfolios will perform this year, because borrower-assistance programs during the pandemic have clouded who will be able to pay when forbearance periods and enhanced jobless benefits expire.

Fundamentally Speaking, It Doesn’t Look Good By Shmuel Shayowitz | December 17, 2020 With the first major snowstorm hitting our area this week, most expect a slowdown in activities, preparing to be locked down in their homes. However, there is certainly no slowdown expected in the markets, as a myriad of economic reports and news came out this week, which may significantly impact rates and housing activity in the future. The Mortgage Market The Mortgage Bankers ...