Martin Bai Home Mortgages

Martin Bai Home Mortgages Licensed in MD,VA & DC. Your Experienced Mortgage Professional and working with over 100 lenders. 提供中文服务，Se Habla ESPAÑOL

Specialized in all home loans (Conventional, FHA, VA, and all other home secured loan)
NMLS 2038819

09/24/2024

Today I leave Illinois, with the world’s largest corn maze, and head to Nebraska, with the world’s largest ball of stamps, things that make life interesting. (Nebraska is also the source of CliffsNotes, among many things, invented in 1958.) Regardless of where I travel, regulation and its cost t...

09/24/2024

Monday's trading session offered some hope that the post-Fed correction was losing steam, but purely from a technical standpoint.  All we really know at times like this is that bonds were keen to rally heading into last week's Fed announcement and had generally been selling ever sin...

09/23/2024

Summer has officially come and gone; the autumn equinox was yesterday. Columbus Day, Halloween, Veteran’s Day, and Thanksgiving are in the coming months. Here in Chicago (which knows how to celebrate) I spent some time in preparation with Garth Graham of STRATMOR who is noticing the market reactio...

09/23/2024

We closed last week with the idea of "buy the rumor, sell the news" seemingly being a good way to think about the time leading into and away from the Fed's 50bp rate cut.  While bonds looked to be leveling off in terms of the pace of selling on Friday, the new week is seeing a...

09/21/2024

Credit where credit is due: the rate market did an outstanding job of getting out in front of the Fed rate cut as well as the changes to the Fed's rate cut outlook as communicated in the summary of economic projections (SEP).   The SEP contains the proverbial "dot plot&quo...

09/19/2024

MBS Easily Outperform Longer-Term Treasuries Few market watchers would have guessed that MBS would have held almost perfectly sideways since the start of trading on Wednesday this week.  Sure, there's been just over an eighth of a point of movement in either direction, but prices are en...

09/19/2024

Bonds Lose Ground Despite Larger Fed Rate Cut The Fed was either going to cut 0.50% or 0.25% today.  It opted for the larger cut but the bond market LOST ground.  For those who hadn't tuned in over the past few weeks to learn why such things can happen, there were two potential...

09/18/2024

We publish daily coverage of mortgage rate movement and have done so for nearly 20 years now.  It's a great place to quickly check in on rate trends and to get a sense of what's true and what matters.  If you'd been checking in at any point in the past few days/weeks, y...

09/17/2024

Does it give you a sense of permanency if you think about how you’re looking at the same moon as pirates did 300-400 years ago? There’s a lunar eclipse across North American tonight, and Talk Like a Pirate Day is Thursday, both in the same week! But, of course, little is permanent. The world mor...

09/17/2024

This morning's Retail Sales headline was stronger than expected, but the sub-components (analogous to something like core CPI as opposed to headline CPI) painted a flatter picture.  As such, bonds didn't have much selling to do.  The resulting levels would ...

09/16/2024

So far in the new week, bonds have rallied a bit in the overnight session and sold off a bit after this morning's stronger NY Fed Manufacturing data.  The result is a fairly flat morning with MBS and Treasuries both still just barely stronger.  If there was ever a week to expec...

09/16/2024

The Pirate goes to the dermatologist and says, “Arrg, I got moles.” The dermatologist says, “Don’t worry, they’re benign.” The Pirate replies, “Arrg, count again, I think there be ten!” Health care, astronomy, and mortgage banking are filled with numbers. Losing daylight is the name ...

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9400 Key W Avenue
Gaithersburg, MD
20850

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