Mortgage News Daily:
 
MBS RECAP: Bonds Cap Extraordinarily Tame Week Despite Excuses
1/17/2020 6:16 PM
Posted To: MBS CommentaryWe've seen a whole lot more movement in the bond market for a whole lot less motivation than we had this week. Back to back econ data shockers (Philly Fed and Housing Starts) were scarcely able to get yields back up to Monday morning's highs, and yields hadn't fallen ve...Read More
 
Mortgage Rates Off Recent Lows
1/17/2020 5:48 PM
Posted To: Mortgage Rate WatchMortgage rates moved slightly higher over the past two days as strong economic data and corporate earnings coaxed investors into riskier assets like stocks. Bonds (which dictate interest rates) are always being bought and sold, but demand varies depending on investors" risk appetit...Read More
 
Markets Wrapping Things Up Ahead of Long Weekend
1/17/2020 9:47 AM
Posted To: MBS CommentarySometimes the market moves in clear response to a headline event or the scheduled release of an economic report. We have clear examples of this recently. last week's Iran-related escalation (and de-escalation) had massive and immediate impacts that lined up perfectly with key e...Read More
 
December"s Housing Starts Surged to 13-Year High
1/17/2020 9:30 AM
Posted To: MND NewsWireWhile permits fell from the previous month, the U.S. Census Bureau and the Department of Housing and Urban Development said December was another exceptional month for residential housing starts. Those starts soared to a seasonally adjusted annual rate of 1,608,000 during the month, a 16.9 percent i...Read More
 
Renovation Products; CEOs Can"t Ignore LIBOR Transition; Cap. Markets
1/17/2020 8:22 AM
Posted To: Pipeline PressI’ve gotta hand it to those writers who put out listings for real estate agents. Maybe if I had a bunch of money I could live in a “secluded retreat” or an “enchanted villa.” I have never lived in a place described as a “retreat,&r...Read More
 
Home Builders Confidence Remains Near 20-Year High
1/16/2020 9:33 AM
Posted To: MND NewsWireThe National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) settled back a bit after its 5-point surge in December took it to its highest level since 1999. The Index, a measure of builder confidence in the market for newly constructed homes, dipped 1 point in January to ...Read More
 
MBS Day Ahead: Robust Day of Econ Data and Corporate Earnings
1/16/2020 8:07 AM
Posted To: MBS CommentaryBonds continue to be well-contained by the prevailing consolidation range--a series of higher lows and static highs that's been in place in its current form since mid October. A big break outside that range could serve as a cue for sustained momentum in the direction of the bre...Read More
 
HUD Jobs; Borrower Satisfaction Report; Vendor News and Updates
1/16/2020 7:55 AM
Posted To: Pipeline PressFor folks who like numbers and trends, according to the U.S. Census Bureau’s national and state population estimates released in December, 42 states and the District of Columbia had fewer births in 2019 than 2018. Natural increase, or when the number of births ...Read More
 
MBS RECAP: Most Interesting Part of Today is That it Comes Just Before Tomorrow
1/15/2020 2:42 PM
Posted To: MBS CommentaryToday marked a rare mid-week "total dud" in terms of bond market momentum developments. This was made all the more striking by the fact that bonds certainly COULD have developed some sort of reaction strategy based on the particulars of the US/China trade deal signing (it...Read More
 
Mortgage Rate Volatility Still a No-Show For 2020
1/15/2020 1:37 PM
Posted To: Mortgage Rate WatchMortgage rates improved modestly today, adding to yesterday"s slightly less compelling improvement. Taken together, they keep an air of calm and steady progress intact during a week that ran the risk of stumbling across volatility. One of the key sources of potential volatility was...Read More