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Mortgage Rate News:
MBS RECAP: Best Levels in More Than a Week Ahead of CPI
11/13/2018 3:51 PM
Posted To: MBS CommentaryCPI (the Consumer Price Index) has been the most relevant economic report on the horizon since the balmy NFP report from 2 weeks back. Reason being: NFP contained a strong wage growth component, and that always generates some fear among bond traders that higher wages will translate...
Token Improvement For Mortgage Rates
11/13/2018 3:25 PM
Posted To: Mortgage Rate WatchMortgage rates improved by what could only be described as a token amount today. In other words, we"re not talking about any major changes. In fact, mortgage rates themselves will be unchanged from Friday for almost any scenario. As is so often the case, we can only measure the cha...
Homes Sales and Prices in California May Have Hit an Affordability Tipping Point
11/13/2018 10:17 AM
Posted To: MND NewsWireIt may be that California, where home prices have exploded over the last few years, has jumped the shark when it comes to affordability. CoreLogic"s Andrew LePage writes in the company"s Insights blog that September home sales in the state were the lowest in the country since September2007. The sal...
Non-QM and Construction Products; Training and Events Nationwide and at Home
11/13/2018 8:46 AM
Posted To: Pipeline PressPeople vote with their feet. Some population movements are dramatic and garner headlines around the world, others not so much. “About 130,000 more residents left California for other states last year than came here from them…” according to a Sacram...
MBS Day Ahead: Bonds Begin Week With Some Optimism
11/13/2018 8:23 AM
Posted To: MBS CommentaryAs of last Thursday, it didn't look like traders were much interested in hearing arguments in favor of bonds. Then, an unexpectedly healthy little rally on Friday kept hope alive going into the 3-day weekend. Now this morning, the week begins with yields a few bps lower still. ...
MBS RECAP: Bonds Overcome Producer Inflation But Not The Range
11/9/2018 5:26 PM
Posted To: MBS CommentaryInteresting day today... It began with a decent overnight rally, mostly led by European bond markets. The first big speed-bump came at 8:30am with the Producer Price Index coming in much hotter than expected. Normally, PPI isn't much of a market mover except in the case of BIG ...
Mortgage Rates Steady Ahead of Holiday Weekend
11/9/2018 4:45 PM
Posted To: Mortgage Rate WatchMortgage rates were mixed today, depending on the lender. Most lenders began the day in slightly worse shape compared to yesterday. Bond markets improved enough by mid-day that many lenders were able to offer positive reprices (new, better rate sheets). Lenders typically don"t chan...
Delinquency Recovery Interrupted by Natural Disasters
11/9/2018 9:27 AM
Posted To: MND NewsWireThe ongoing improvement in mortgage performance hit a slight snag in the third quarter of 2018, one that appears to be disaster related. The Mortgage Bankers Association (MBA) said the National Delinquency Survey found the national delinquency rate grew by 11 basis points (bps) from the second quar...
MBS Day Ahead: Not Expecting Fireworks Ahead of 3-Day Weekend
11/9/2018 8:20 AM
Posted To: MBS CommentaryBetween the mid-term elections earlier this week and the simple tradeflow move following the Fed yesterday, bond markets have had their chance to make any necessary adjustments before the next big data point coming up next week. CPI (the consumer price index) isn't the be all, ...
Vendor and Management Products; Fannie and Freddie Updates; LIBOR Replacement News
11/9/2018 7:58 AM
Posted To: Pipeline PressWhether bond loans (we all know how management loves those), non-QM, reverse mortgages, or high loan to values, originators everywhere are working hard for their borrowers and being creative in a compliant manner. For example, from Minnesota Eric Otterness writes, &l...