Mortgage Rate News:
MBS RECAP: Bond Rally More Coincidence Than Causality
11/22/2017 3:38 PM
Posted To: MBS CommentaryWe've discussed the tenor of Thanksgiving week in bond markets being more to do with serendipity than traditional "cause and effect" relationships. That means the events and data on the calendar that typically push and pull on bonds throughout the course of the day ar...Read More
Mortgage Rates Move Modestly Lower Ahead of Holiday
11/22/2017 1:55 PM
Posted To: Mortgage Rate WatchMortgage rates fell modestly today, with bond market strength both before and after the release of the Fed Minutes (a more detailed account of the Fed meeting that took place 3 weeks ago). Stronger bond markets correlate with lower rates. Bonds tend to benefit from weak economic da...Read More
Delinquencies Soar in Storm Impacted Areas
11/22/2017 10:42 AM
Posted To: MND NewsWireAs predicted, mortgage delinquencies resulting from Hurricanes Harvey and Irma continued to play out in October. Black Knight Financial Services, in its "First Look" at the month"s loan performance data, said the delinquency rate spiked in both Texas and Florida, skewing the national data. The US d...Read More
Upcoming Events and Training; Tax-Related Underwriting Changes
11/22/2017 7:59 AM
Posted To: Pipeline PressThe lending world has plenty of truly very busy people. (Or maybe that is what they tell their bosses.) How best to communicate with them? Here’s an article that might be of interest to some: "How to Send Emails to Very Busy People" . Events & training Join...Read More
Purchases Reclaimed Market Share From Refis Last Week
11/22/2017 7:47 AM
Posted To: MND NewsWireThis month"s half-hearted rally in refinancing didn"t last long . During the week that ended November 10, applications for refinancing made up more than half of all mortgage applications received, the first time that had happened since late September, and refinancing volume jumped 6 percent. Last w...Read More
MBS Day Ahead: Only Major Econ Data of The Week, Plus Fed Minutes
11/22/2017 7:34 AM
Posted To: MBS CommentaryTo be sure, market participants have one foot out the door today--either mentally, physically, or both. This has already been made quite clear in the increasingly consolidative range that we've been tracking throughout November, but especially over the past two weeks. Today'...Read More
MBS RECAP: Market Watchers Lulled to Sleep Ahead of Week"s Biggest Day
11/21/2017 4:18 PM
Posted To: MBS CommentarySo far this week, both of the trading days have done everything in their powe r to be as meaningless as possible. There have been no major attempts to break floors or ceilings in rates, no major correlation between market movement and data/events, and not much by way of data and ev...Read More
Mortgage Rates Holding Steady in Recent Range
11/21/2017 2:34 PM
Posted To: Mortgage Rate WatchMortgage rates were unchanged today, on average, although a few lenders made small adjustments to rates sheets in response to bond market volatility. Bond markets began the day heading into stronger territory (which implies lower rates), but gave up much of the gains by early after...Read More
Existing Home Sales Erase Summertime Losses
11/21/2017 10:00 AM
Posted To: MND NewsWireExisting home sales continued a gradual recovery in October after a summer of sliding sales. For the second straight month the National Association of Realtors® (NAR) is reporting that sales of previously owned homes increased, this time by 2.0 percent. Single-family houses, townhouses, condos,...Read More
Best Year in a Decade? Good, but not Great
11/21/2017 8:40 AM
Posted To: MND NewsWireFreddie Mac"s Economic and Strategic Research Team gave its forecast for housing in 2018 (which, as discussed below, it is now hedging a bit) in its October Outlook . This month they present a retrospection of how housing fared in the old one. Since we all lived through it, too much detail would be...Read More