Mortgage
- MBS RECAP: Selling Spree Continues April 25, 2018Posted To: MBS CommentaryThe recent rate drama continues unabated. Today was the 6th day of heavy selling in bond markets, bringing yields within striking distance of the 2014 highs near 3.041%. As has been the case during this sell-off, there really hasn't been much to hang one's hat on with respect to convenient explanations. It's not as if […]
- The Top Still Isn't In For Mortgage Rates April 25, 2018Posted To: Mortgage Rate WatchMortgage rates had another rough day as they continued moving up into new 4-year highs. Unlike the extremely mild and uneventful day-to-day changes seen for most of the past 2 months, rates are actually putting some distance between themselves and the March plateau. Whereas a well-qualified borrower with 25% down may have been q […]
- NAHB Say Home Buyers Looking, but Facing a Tough Market April 25, 2018Posted To: MND NewsWireA new poll indicates that 17 percent of adults are ready and willing to purchase a home over the next year, and many will be first-time buyers . The information comes from a new research project inaugurated this week by the National Association of Home Builders (NAHB). Its first edition of the quarterly Housing Trends Report (HTR), whi […]
- MBS Day Ahead: Positive/Negative Potential Outcomes; Why This Time is Different April 25, 2018Posted To: MBS CommentaryIt will come as no surprise that I feel the level of discussion about 10yr yields being at 3% is overdone at best, and misguided at worst. Actually, it's clearly overdone, so let's talk about how it's misguided by taking a quick inventory of a few fundamentals in play the last time rates crested 3% compared to those sa […]
- Expense Control, Marketing Products; Digital Trends; Amazon's Blockchain Debut April 25, 2018Posted To: Pipeline PressAmazon Web Services, the conglomerate’s cloud computing division, has announced AWS Blockchain Templates, which will compete with similar offerings from IBM and Oracle . “The Amazon product gives developers access to a choice of two preset blockchain frameworks, and its producers say it will streamline efficiency by reducing the need […]
- Mortgage Volume Flattens as Rates Rise April 25, 2018Posted To: MND NewsWireThe volume of mortgage applications received during the week ended April 20 was largely unchanged from the previous week . The Mortgage Bankers Association's (MBA) said its Market Composite Index, a measure of that volume, ticked down 0.2 percent on a seasonally adjusted basis from one week earlier although it was 1 percent higher […]
- MBS RECAP: Bond Market Pain Continues; Volatility Potential Only Increasing April 24, 2018Posted To: MBS CommentaryAfter yesterday's somewhat hopeful leveling-off in bond yields, today served to drive home the point that hope is futile and only bad things are going to happen forever and ever. Well, at least that's how it felt today. To be fair, yields are only closing a few bps higher and they've managed to hold very close to yeste […]
- Mortgage Rates Push Farther Into 4-Year Highs April 24, 2018Posted To: Mortgage Rate WatchMortgage rates moved somewhat higher again today, thus pushing them farther into the highest levels in more than 4 years. This isn't the result of anything that happened today, but rather an ongoing process whereby the bond market (which underlies rates) is coming to terms with big-picture, long-term headwinds mentioned in […]
- Home Sales Unfazed by Spring Snow and Rising Rates April 24, 2018Posted To: MND NewsWireNew home sales continue to improve after grim reports in December and January. New home sales posted a solid gain in March, and revisions to the February data also resulted in a positive outcome during the month. Those sales, reported by the U.S. Census Bureau and the Department of Housing and Urban Development on Tuesday, bested analy […]
- FHFA: Current Run of Rising Home Prices Likely to Continue April 24, 2018Posted To: MND NewsWireBoth the Federal Housing Finance Agency (FHFA) and the S&P CoreLogic Case-Shiller reported on February home prices on Tuesday and both showed little moderation in the rate of appreciation. Case-Shiller's reported gains, in fact, appear to be growing larger. Case-Shiller's National Home Price NSA Index, covering all nine U […]
- MBS RECAP: Selling Spree Continues April 25, 2018
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