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Real Estate News
Mortgage Rates Mixed Despite Positive Reaction to Fed
Wed, 19 Jun 2019 22:48:16 GMT

Posted To: Mortgage Rate WatchMortgage rates reacted favorably to today's Federal Reserve announcement and press conference--today's key events. But that doesn't mean every lender is in better shape than yesterday. The morning hours saw the bond mark..[read more]

MBS RECAP: Fed Threads The Needle as it Preps Markets For Policy Shift
Wed, 19 Jun 2019 22:35:49 GMT

Posted To: MBS CommentaryAs expected, today was all about the Fed-related events. Yields moved exactly as far we thought they might based on the Day Ahead , AND in a friendly direction! But if I had to guess where yields would end up based on the con..[read more]

Differences Between Previous and Current FOMC Statements
Wed, 19 Jun 2019 18:02:54 GMT

Posted To: MBS CommentaryInformation received since the Federal Open Market Committee met in MarchMay indicates that the labor market remains strong and that economic activity roseis rising at a solidmoderate rate. Job gains have been solid, on avera..[read more]

Moderating Home Prices Stoke 'Time to Sell' Sentiment
Wed, 19 Jun 2019 15:12:57 GMT

Posted To: MND NewsWireThe second quarter HOME (Housing Opportunities and Market Experience) survey from the National Association of Realtors® (NAR) appears to indicate that a period of softening price increases and lower interest rates have only..[read more]

MBS Day Ahead: 6 Years Later, Today's Fed Day Should Be a Bit Different
Wed, 19 Jun 2019 13:35:23 GMT

Posted To: MBS CommentaryIn the day just past, bonds surged to the best levels since 2017, with 10yr yields coming within 0.002% of the lowest yields since Nov 2016. The key market mover was a speech from European Central Bank President Mario Draghi ..[read more]

MLO Resources; Credit Product; Intro to the Prime Jumbo Securitization Market
Wed, 19 Jun 2019 12:51:51 GMT

Posted To: Pipeline PressGood loan officers pay attention to demographics. For example, according to a new report from the United Nations, the population of the planet could rise from its current 7.7 billion to 10.9 billion by the year 2100. This is ..[read more]

Mortgage Apps Give a Little Back From Last Week's Rally
Wed, 19 Jun 2019 12:13:03 GMT

Posted To: MND NewsWireDespite appearances, the low-rate spurred rally in mortgage applications reported last week didn't really go "poof" this week. Activity was still strong even as the Mortgage Bankers Association's (MBA's) Market Composite Index ..[read more]

MBS RECAP: Not The Central Bank We Were Looking For (But We'll Take It!)
Tue, 18 Jun 2019 21:34:07 GMT

Posted To: MBS CommentaryThis week's big to-do had been and continues to be tomorrow's Fed announcement, press conference, and updated forecasts. The Fed's European counterpart threw a bit of a curve ball today as Mario Draghi unleashed a..[read more]

Mortgage Rates Enjoy Surprise Drop Ahead of Fed Day
Tue, 18 Jun 2019 18:38:00 GMT

Posted To: Mortgage Rate WatchMortgage rates have generally been moving sideways for the past 2 weeks. This has accomplished a twofold goal of coming to terms with the strong gains seen in May as well as preparing for tomorrow's hotly-anticipated ann..[read more]

Construction Numbers Better Than Percentages Indicate
Tue, 18 Jun 2019 14:24:54 GMT

Posted To: MND NewsWireResidential construction figures had been expected to, at a minimum, hold the fort in May after a mixed report in April. While revisions to the April report somewhat skewed the numbers changes to both permits and starts were on..[read more]

MBS Day Ahead: Unexpected Headlines Result in Bond Market "Lead-Off"
Tue, 18 Jun 2019 13:34:16 GMT

Posted To: MBS CommentaryIn the day just past, bonds did absolutely nothing new or interesting. Yields continued to trade in a narrow, sideways range--one that has persisted for more than 2 weeks. The ostensible catalyst for a breakout was (and still..[read more]

Digital, Marketing, Training Products; Upcoming Teaching Events
Tue, 18 Jun 2019 12:56:32 GMT

Posted To: Pipeline PressWith the backdrop of a global bond market rally today, let’s look back at Randy Newman singing, “It's money that matters, hear what I say. It's money that matters, in the USA.” What does $5.6 million buy you..[read more]

Gloomier Economic Outlook Brightens Housing Outlook
Mon, 17 Jun 2019 22:13:25 GMT

Posted To: MND NewsWireFreddie Mac's forecast for June sees more dark clouds than usual , but few of those are on the housing front. The company's Economic and Housing Research Group notes that some of those gathering clouds, concerns about global gr..[read more]

Mortgage Rates Stay Flat, But Risks Will Increase From Here
Mon, 17 Jun 2019 21:49:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were only modestly higher today. Most lenders were still quoting the same rates compared to Friday with the only difference being slightly higher upfront costs. This means the rate at the top of the averag..[read more]

May Uptick in Builder Confidence Proves Fleeting
Mon, 17 Jun 2019 15:09:18 GMT

Posted To: MND NewsWireThe National Association of Home Builders' (NAHB's) measure of builder confidence broke out of its multi-month slump in May, rising 3 points. Much of that gain was reversed this month as the NAHB/Wells Fargo Housing Market Inde..[read more]

MBS Day Ahead: Housing Data and The Fed
Mon, 17 Jun 2019 13:25:06 GMT

Posted To: MBS CommentaryIn the week just past, the bond market began by threatening to bounce toward higher rates after an impressive, 5-week rally to the lowest levels since 2017. The first sign of support appeared without any provocation other tha..[read more]

Commercial Products; Flood and Disaster Updates; Capital Markets
Mon, 17 Jun 2019 13:19:03 GMT

Posted To: Pipeline PressI find builder’s naming policies amusing. Let’s call a subdivision “Hidden Valley” or “Lonesome Pines” when it isn’t hidden or lonesome anymore with 500 homes in it. Let’s pave ..[read more]

MBS RECAP: Modest Reactions to Econ Data as Bonds Wait For Bigger News
Fri, 14 Jun 2019 22:27:44 GMT

Posted To: MBS CommentarySomehow, the bond market managed to end the week at 2.084% (10yr yield) which is exactly where it ended last week. In all my years of market-watching, I've never seen a sharp weekly (like the one we just had in late May) ..[read more]

Mortgage Rates Just Had Another Awesome Week
Fri, 14 Jun 2019 22:07:00 GMT

Posted To: Mortgage Rate WatchWhile we can't say that this week's best mortgage rate offerings were quite as good as last week's best, they were pretty darn close. In fact, quite a few lenders have simply been quoting the same rates for the entire 2-..[read more]

Calabria and Carson: Housing Leaders Talk Reform, Accomplishments
Fri, 14 Jun 2019 16:59:55 GMT

Posted To: MND NewsWireAttendees at the Ginnie Mae Summit commemorating the agencies 50 th anniversary on Thursday heard from both Dr. Ben Carson, Secretary of the Department of Housing and Urban Development (HUD) and Dr. Mark A. Calabria, newly conf..[read more]

Two FHA Premium Changes, An End to MI Requirement?
Fri, 14 Jun 2019 13:08:32 GMT

Posted To: MND NewsWireThe House Financial Services Committee (FSC) passed a clutch of bills this week, several of which will assist homebuyers and homeowners. Two directly affect the cost of an FHA loan. The FHA Loan Affordability Act (H.R. 3141), i..[read more]

eClose, Non-QM, Broker Products; VA and FHA Investor Shifts
Fri, 14 Jun 2019 13:05:18 GMT

Posted To: Pipeline Press“The City of Baltimore, Maryland suffered a ransomware attack on May 7, 2019. Due to the attack, the City is currently unable to record documents until further notice. In the interim they are issuing ‘Lien Certifi..[read more]

MBS Day Ahead: Retail Sales Takes a Swing Before Next Week's Fed
Fri, 14 Jun 2019 12:31:00 GMT

Posted To: MBS CommentaryIn the day just past, bonds managed to add modestly but meaningfully to a 2.5-day rally that's acted to keep them in a consolidation pattern. After I write the words "consolidation pattern," they're typically followed..[read more]

MBS RECAP: Bonds Look Determined to Consolidate
Thu, 13 Jun 2019 21:04:49 GMT

Posted To: MBS CommentaryMonday and Tuesday were a bit nerve-racking as it looked like yields might break back above the pre-Mexico-tariff-threat gap in the 10yr yield chart. But bonds bounced well before that happened and have been trending calmly l..[read more]

Mortgage Rates Continue Easing Back Toward Long-Term Lows
Thu, 13 Jun 2019 20:30:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved lower for the 2nd straight day, which brings them back in line with Monday's levels. While these aren't quite the lowest rates of the past 2 weeks, they're much closer than they were on Tuesday morni..[read more]

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