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Todays News Stories:




Todays News Stories:
 
MBS RECAP: Brexit Bond Benefits Are Apparently Eternal
5/22/2019 4:11 PM
Posted To: MBS CommentaryLast we checked, it was going to be October before Brexit had its next hard deadline. So it was quite the back burner sort of market mover this week--especially in light of all the recent trade-related drama and other domestic political sideshows. But then this happened . US Treasu...Read More
 
Mortgage Rates Catch a Break
5/22/2019 3:53 PM
Posted To: Mortgage Rate WatchMortgage rates moved higher at a pace that was probably quicker than the average homebuyer would like yesterday . That was part of a 4 day move leading back up from the lowest levels in more than a year (or close to them, depending on the lender). That 4-day move could have easily ...Read More
 
MBS Day Ahead: Bonds Waving Long Goodbye to Trend, Hoping For Friendly Fed
5/22/2019 8:18 AM
Posted To: MBS CommentaryIn the day just past, bonds continued moving higher in yield, adding distance between themselves and the unexpectedly low levels seen during the trade war rally. Actually, I'll stop myself there because if I were to read what I just wrote, I might yell at the screen a bit. Reas...Read More
 
LO, AE Jobs; Broker and Warehouse Products; Conventional Conforming News
5/22/2019 7:18 AM
Posted To: Pipeline PressWhat’s going on behind the scenes and in the rumor mill at the MBA’s Secondary Conference? There is derision about HUD’s Ben Carson not knowing what There is derision about HUD’s Ben Carson not knowing what “ REO ” stands for. Hold...Read More
 
GDP Growth Called "Transitory" While Low Inflation Appears Permanent
5/22/2019 7:11 AM
Posted To: MND NewsWireWhile calling the recent report on real gross domestic product (GDP) the strongest first quarter in four years, Fannie Mae"s Economic and Strategic Research (ESR) group agreed with Freddie Mac"s economist that the 3.2 percent reported growth is unsustainable. Report details showed deceleration in b...Read More
 
Is the Trade Dispute Dampening Home Purchase Activity?
5/22/2019 7:04 AM
Posted To: MND NewsWireRefinancing rose to the surface yet again, driving the gain in mortgage applications during the week ended May 17. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of application volume, increased 2.4 percent on a seasonally adjusted basis from one week earlier and ...Read More
 
MBS RECAP: Bonds Make Good on Threats of Weakness
5/21/2019 4:11 PM
Posted To: MBS CommentaryBonds have been threatening to end their pleasantly surprising stint of gains over the past few weeks on each of the past 4 business days. Yesterday's weakness was technically enough to start packing up the party supplies, but an isolated day of trend breakage is always more me...Read More
 
Mortgage Rates Bounce Back
5/21/2019 3:50 PM
Posted To: Mortgage Rate WatchMortgage rates had a fairly decent day yesterday as far as most lenders are concerned. A few lenders saw fit to bump rates up in the afternoon following a day of weakness in the bond market (which directly affects the rates lenders can offer). Because a majority of lenders did NOT ...Read More
 
Home Sales Stall; Sellers Need to be Realistic
5/21/2019 3:48 PM
Posted To: MND NewsWireThis one might smart a bit. There were big hopes for home sales in April, with interest rates continuing at unexpectedly low levels, unemployment at a 50-year low, and the spring market supposedly in full swing. Analysts polled by Econoday expected that the existing home sales number would jump fro...Read More
 
Fueled by Low Rates, Prepayment Rate Continues to Rise
5/21/2019 9:46 AM
Posted To: MND NewsWireWith interest rates remaining at 2019 lows and spring market home sales kicking in, the rate of prepayments continues to rise. Black Knight, in its "first look" at April mortgage performance data, says the rate is up 17.54 percent from March and 17.65 percent year over year. Over the last three mon...Read More




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