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Mortgage Rate News:
Existing Home Sales Reverse Course, Down 3%
5/24/2018 10:00 AM
Posted To: MND NewsWireExisting home sales put an end to two straight months of gains , retreating in April on both a monthly and annual basis. The National Association of Realtors® said the sales of single-family homes, townhouses, condos, and cooperative apartments dropped by 2.5 percent from March"s estimate of 5....
Home Price Index Shows Signs of Losing Momentum
5/24/2018 9:29 AM
Posted To: MND NewsWireHome prices in the first quarter of 2018 were 1.7 percent higher than at the end of the fourth quarter of last year. The Federal Housing Finance Agency said its Housing Price Index (HPI) gained 6.9 percent when compared to the level at the end of March 2017. On a monthly basis prices were 0.1 perce...
MBS Day Ahead: Green Shoots? Maybe. Opportunities? You Bet!
5/24/2018 8:35 AM
Posted To: MBS CommentaryOne short week after hitting the worst levels in nearly 7 years there's suddenly a semblance of hope again for bonds. It was one thing to see last Friday's correction--which merely stopped the most abject bleeding--or the first 2 days of indecisive stability this week. It w...
Broker Products; Upcoming Events; Financial Services and Acquisitions
5/24/2018 8:18 AM
Posted To: Pipeline PressThe conference this week? I attended various presentations dealing with housing finance and the economy in general. Even in the face of rising rates, the outlook on the housing market is bullish for prices – but with continued inventory problems. Labor shortage...
Tax Cut Gains Forecast to Fade Away in 2019
5/24/2018 8:08 AM
Posted To: MND NewsWireFannie Mae is backing down slightly on its economic forecast for the remainder of 2018. The first quarter GDP growth of 2.3 percent was the slowest in a year , down from 2.9 percent a year earlier. The company"s economists, led by vice president and chief economists Doug Duncan, say they expect gro...
April Delinquencies Improve Despite Historic Pattern
5/24/2018 7:41 AM
Posted To: MND NewsWireLoan performance continued to improve in April, even though Black Knight says mortgage delinquencies have a historic pattern of increasing during that month. The overall delinquency rate declined 1.6 percent from March to a national rate of 3.67 percent. That rate is down by 10.17 percent from the ...
MBS RECAP: Nice Gains More About Europe Than Fed
5/23/2018 3:41 PM
Posted To: MBS CommentaryBonds surged to significantly stronger levels in the presence of the Fed Minutes today. Any time we see strong gains on a day with a Fed release, chances are the Fed is behind the move. Incidentally, that's NOT the case today (spoiler in the headline, I know). So how did Europe...
Mortgage Rates Drop to Lowest Levels in 2 Weeks
5/23/2018 2:36 PM
Posted To: Mortgage Rate WatchThis week hadn"t been too traumatic for mortgage rates through yesterday afternoon, but neither had it been positive in any noticeable way. That changed today as rates fell abruptly to the lowest levels since last Monday. Granted, at the time, last Monday"s rates were still pretty ...
Houses Passes S2155, Unwinds Less of Dodd-Frank Than Hoped
5/23/2018 10:21 AM
Posted To: MND NewsWireThe House of Representatives passed a sweeping overhaul of regulations included in the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act on Tuesday. Senate Bill 2155, which passed the upper house in March, received a 258 to 259 vote in the House. It now goes to the White House for what...
New Home Sales Continue to Improve on Annual Basis
5/23/2018 9:44 AM
Posted To: MND NewsWireNew home sales dipped in April, a reversal that was expected by many analysts . The U.S. Census Bureau and the Department of Housing and Urban Development said sales of newly constructed homes during the month were at a seasonally adjusted annual rate of 662,000 units. This is 1.5 percent below the...