Mortgage News Daily:
MBS RECAP: Bonds Push Trend Boundary With Help From Trade Headlines
11/20/2019 4:10 PM
Posted To: MBS CommentaryThere were 2 sorts of trade headlines in play today, but before we get to those, I wrote something today that bears repeating. "The trade deal, in and of itself, will not dictate the direction of markets in the big-picture over the longer run, but it WILL definitely deliver pl...Read More
Mortgage Rates Lowest Since Halloween
11/20/2019 3:45 PM
Posted To: Mortgage Rate WatchMortgage rates are in the midst of a winning streak of moderate size and duration. Specifically, rates have improved by at least an eighth of a percentage point for the average lender since the beginning of last week and have moved lower on all but one of the days between now and t...Read More
The Death of The Mortgage Broker Has Been Greatly Exaggerated
11/20/2019 9:48 AM
Posted To: MND NewsWireMortgage brokers have apparently reclaimed both their reputations and their market share in recent years according to Archana Pradhan, a risk management analyst for CoreLogic. She writes in the company"s blog that brokers" share of the conventional conforming mortgage market hit 16 percent earlier ...Read More
MBA Says New Home Sales are on a Roll
11/20/2019 8:58 AM
Posted To: MND NewsWireApplications for mortgages to purchase newly constructed homes surged in October and the Mortgage Bankers Association (MBA) is expecting that sales will follow suit. MBA"s Builder Application Survey (BAS) shows those applications rose 9 percent from September to October and were 31.5 percent higher...Read More
MBS Day Ahead: Fed Meeting Minutes Likely a Non-Event
11/20/2019 8:35 AM
Posted To: MBS CommentaryBonds are on a roll at the moment with 5 of the last 6 trading days resulting in lower yields. Rather than stand as some evidence of new strength in the bond market, this has more to do with technical correction as more than 60% of the trading days since early October have resulted...Read More
Construction, Non-QM Products; Lots Going on at Fannie/Freddie
11/20/2019 7:49 AM
Posted To: Pipeline PressA new analysis from the real estate brokerage firm Redfin shows the typical homeowner in the United States now stays in their house for 13 years, five years more than they did in 2010. This lack of movement, especially among aging baby boomers, has helped create inve...Read More
Mortgage Applications Gain Momentum Despite Holiday Slump
11/20/2019 7:09 AM
Posted To: MND NewsWireDespite the Veterans" Day holiday which shortened the work week of November 15, purchase mortgage applications gained momentum. The Mortgage Bankers Association said its Purchase Index rose 7 percent on a seasonally adjusted basis during the week although it was down 8.0 percent before adjustment. ...Read More
MBS RECAP: Summertime Monday in November
11/19/2019 4:13 PM
Posted To: MBS CommentaryThere's something special (and especially frustrating) about certain summertime Mondays. This is true not only because you might have been doing something fun on the weekend and are loathe to return to work, but also because financial markets can exemplify those same sorts of f...Read More
Mortgage Rates Hold Steady
11/19/2019 2:29 PM
Posted To: Mortgage Rate WatchMortgage rates had a great week last week and haven"t done anything to jeopardize that so far this week. Today was the first time during these 2 weeks where rates have merely held steady as opposed to move lower. The recent winning streak requires a caveat , however. It was largely...Read More
Training, Marketing, Broker Products; Stocks, Bonds, and Rates
11/19/2019 12:50 PM
Posted To: Pipeline PressA pass rate of 51% on July’s California bar exam may not seem like cause for celebration, but it’s the first time in six years that a majority of people who took the July test passed. If the majority of people think that there will be a U.S. recession in ...Read More