Behind the Scenes: How Veterans United Manages Mortgage Risk

Ever wonder why mortgage rates change daily, even when the Fed hasn't moved? In this episode, host Paul Centopani goes behind the scenes at Veterans United with Capital Markets Analyst Afifa Saburi to pull back the curtain on how mortgage rates are actually determined.Saburi explains the critical role of the secondary mortgage market and how mortgage-backed securities impact the rate you see on your loan estimate. We dive deep into the "risk management" side of lending, from the moment a rate is locked to when the loan is sold, and why geopolitical events like oil price concerns and inflation reports cause the bond market to react instantly.You’ll also learn about the correlation (and sometimes the lack thereof) between the 10-year Treasury yield and mortgage spreads, and what happens when major players like Fannie Mae and Freddie Mac enter the market. Whether you’re a first-time homebuyer or a real estate pro, understanding these capital market "levers" is essential for timing your next move in the housing market.Connect with Mortgage Research Network:YouTube: https://www.youtube.com/@MortgageResearchNetworkInstagram: https://www.instagram.com/mortgageresearchnetwork/Facebook: https://www.facebook.com/mtgresearchnewsWebsite: MortgageResearch.comConnect with Afifa Saburi:LinkedIn: https://www.linkedin.com/in/afifa-saburi/First Time Homebuyer Cheat Sheet: https://bit.ly/4w8CiVMHomebuyer Calculators: https://bit.ly/4n0hDPvConnect With a Lender: https://bit.ly/426Gyaw------0:00 Intro0:10 - What is a Capital Markets Analyst?0:58 - Primary vs. Secondary Mortgage Markets2:38 - How Geopolitics Impact Your Rate5:08 - The 10-Year Treasury Correlation Explained5:50 The shift from inflation concerns to economic slowdown7:11 Why Treasure yields and mortgage rates don't move in unison9:27 The impact of Fannie and Freddie's $200B bond buying10:48 The reality of permanently fixed 5% mortgage rates11:53 Market resilience and the speed of risk repricing------For more information on mortgage interest rates, visit MortgageResearch.com.#MortgageRates #VeteransUnited #HousingMarket