Mortgage News Daily:
Mortgage Rates Down 0.25% This Week
3/22/2019 4:30 PM
Posted To: Mortgage Rate WatchAt the end of last week, the average top-tier 30yr fixed mortgage rate quote was 4.375%. As of today, the exact same scenario would be at 4.125%--a quarter of a percentage point lower. That"s an uncommonly big move for a single week, but it"s one we"ve been tracking eagerly in rece...Read More
Freddie Downgrades Economic Forecast but Bullish on Housing
3/22/2019 11:41 AM
Posted To: MND NewsWireLike virtually all the experts, including those at the Federal Reserve, Freddie Mac"s economists have reduced their expectations for economic growth . The company"s March forecast is for growth in the first quarter of 2019 to shrink to 1.2 percent. They do see it regaining its footing later in the ...Read More
Existing Homes Sales Post Huge February Gain
3/22/2019 10:03 AM
Posted To: MND NewsWireExisting home sales took off like a rocket in February, with strong results in three of the four major regions. The National Association of Realtors® (NAR) said single-family homes, townhouses, condominiums and cooperative apartments were sold during the month at a seasonally adjusted annual ra...Read More
MBS Day Ahead: Here"s That Mid-March Breakout We Were Looking For
3/22/2019 9:59 AM
Posted To: MBS CommentarySometimes a plan comes together and sometimes an educated guess pans out. While it's never safe to plan on any future reality (other than "uncertainty") when it comes to financial markets, there are times where a certain series of events seems more likely than not. Fo...Read More
Enforcement Action Webinar; Non-QM Snapshot; German 10-year Yield Drops Below 0%
3/22/2019 7:47 AM
Posted To: Pipeline PressCongrats to former President Jimmy Carter. As of today he is no longer just the oldest living U.S. president, but now is the longest-living in the nation"s history. Created in 1986 LIBOR was not around during his presidency, but the transition away from using LIBOR i...Read More
MBS RECAP: Bonds Take a Day to Digest Fed Day as Stocks Finally React
3/21/2019 5:23 PM
Posted To: MBS CommentaryApparently it took the 9:30am NYSE opening bell ringer for stocks to truly realize what just happened. The Fed announcement on Wednesday was their way of saying "sorry" to stocks for the "steady as she goes" approach to tighter monetary policy in December. As of...Read More
Mortgage Rates Move Deeper Into Long-Term Lows
3/21/2019 4:13 PM
Posted To: Mortgage Rate WatchGranted, we"re not back to the sub-4% mortgage rates that dominated much of the past 8 years, but breaking into the high 3% range is a valid consideration after the past few days. Yesterday"s surprising Fed news hit the rates that were already holding near their lowest levels in we...Read More
Both Closing Times and Pull Through Rates Improved in February
3/21/2019 9:47 AM
Posted To: MND NewsWireEllie Mae"s Origination Insight Report for February is headlined by both a decrease in closing times and, more significantly, further declines in mortgage interest rates. The company said the average interest rates for loans originated on its platform during the month was 4.86 percent. This was 15 ...Read More
Vendor Management, Appraisal, and Compliance Products; FHA Changes Turning Heads
3/21/2019 9:33 AM
Posted To: Pipeline PressWant a growth industry? How about aging? PulteGroup"s Del Webb 55+ brand will build 10 new Del Webb communities , planned to open over the next 18 months. Boomers welcome! Another growth industry is…Wite-Out?! Often used as the butt of jokes about using it to ...Read More
MBS Day Ahead: Anything Other Than a Crushing Defeat is a Big Victory
3/21/2019 9:27 AM
Posted To: MBS CommentaryIn case you missed yesterday, it was a doozy. Here are a few links that would help you get caught up: Here's Why Bonds Loved The Fed (And It's NOT The DOTS) Fed Officially Announces Big Bond-Buying Change yesterday's Fed Announcement bullets (MBS Live members) Fed Bond-...Read More