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MBS RECAP: Narrowest Trading Day Since The Election
Tue, 06 Dec 2016 22:37:21 GMT

Posted To: MBS CommentaryToday's bond market trading range was the narrowest since the US presidential election, by far. 10yr yields held inside a paltry 2.9bp range (2.374 to 2.403%)-- nearly twice as calm as the next calmest day (Nov 22nd, whic..[read more]

Mortgage Rates Hold Eerily Steady
Tue, 06 Dec 2016 21:44:00 GMT

Posted To: Mortgage Rate WatchMortgage rates barely budged today, with most lenders offering the exact same quotes as yesterday. While we have seen a few days with similar day-over-day results recently, most of those involved intraday 'reprices' (i.e..[read more]

"Potent Cocktail" Fueling Home Prices -CoreLogic
Tue, 06 Dec 2016 15:30:58 GMT

Posted To: MND NewsWireHome price growth accelerated further in October according to CoreLogic. The company's Home Price Index (HPI) increased 6.7 percent from the prior October while the year-over-year gain in September was only 6.3 percent. The Cor..[read more]

Vendor News Including eClosing; Pending Home Sales Primer; FHA/VA Changes
Tue, 06 Dec 2016 14:27:53 GMT

Posted To: Pipeline PressMany years ago, it was a joke in Britain to say that, “the War Office was always preparing for the last war.” To their credit, regulators now often try to consider the future, rightly or wrongly. Last week the Com..[read more]

MBS Day Ahead: Bonds "Technically Ready" For Good News Any Day Now
Tue, 06 Dec 2016 13:47:57 GMT

Posted To: MBS CommentaryI generally don't l ike the terms "oversold" (consistent weakness) and "overbought" (consistent strength). I think they lead to false confidence in some particular outcome. For instance, there's a tendency to think so..[read more]

MBS RECAP: Mid-Day Rally Reinforces Narrowing Range
Mon, 05 Dec 2016 22:29:14 GMT

Posted To: MBS CommentaryAfter today, we're left with a clearer picture of the prevailing short-term range in bond markets. The volatile reaction to the weekend's Italian referendum, among other things, drove the intraday extremes that helped..[read more]

Mortgage Rates Begin Week Higher
Mon, 05 Dec 2016 20:34:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were slightly higher today relative to last Friday's levels, leaving them near the 2-year highs seen last Thursday. Volatility continues to run much higher than normal, with lots of intraday reprices (lend..[read more]

Refi Pool Shrinks by 4 Million
Mon, 05 Dec 2016 17:05:17 GMT

Posted To: MND NewsWireAs everyone knows, interest rates shot up immediately in the wake of the November 8 presidential elections, triggered by a sell-off in Treasury bonds. Now Black Knight says, in its current Mortgage Monitor, that the jump elimin..[read more]

Mortgage Credit Availability Continues to Improve
Mon, 05 Dec 2016 15:06:05 GMT

Posted To: MND NewsWireAccess to mortgage credit continued its recent upward trend in November. The Mortgage Bankers Association said on Monday that its Mortgage Credit Availability Index (MCAI), increased by 1.6 percent from October to 174.1. A decl..[read more]

Carson Officially Named as HUD Secretary
Mon, 05 Dec 2016 14:59:20 GMT

Posted To: MND NewsWireAnother piece of the President-elect Donald J. Trump's administration fell into place on Monday with the announcement that former Republican presidential candidate Ben Carson will be Secretary of Housing and Urban Development (..[read more]

MBA's Guidance on 2017 Volumes; Conventional Conforming Changes
Mon, 05 Dec 2016 14:50:17 GMT

Posted To: Pipeline PressIt is probably not the case that this date is celebrated by mortgage bankers from coast to coast, and forget the jokes about it being the “Mortgage Drinkers Association.” But on this date in 1933, the 21st Amendme..[read more]

MBS Day Ahead: Thursday's ECB Announcement in Focus
Mon, 05 Dec 2016 13:52:13 GMT

Posted To: MBS CommentaryThis week, we'll finally get to see how much of an impact remains to be had for the European Central Bank (ECB) announcement. The ECB conducts their announcements on a schedule, just like the Fed. So in one sense, this is..[read more]

MBS RECAP: Bond Markets Cry Wolf, This Time For Real?
Fri, 02 Dec 2016 22:17:18 GMT

Posted To: MBS CommentaryLet's change up the old fairy tale. Bond markets have been cried wolf on a few recent occasions. In my version of the fairy tale, "crying wolf" is equivalent to saying "hey guys, there are no wolves around, so it's sa..[read more]

Mortgage Rates Bounce Lower Despite Jobs Report
Fri, 02 Dec 2016 21:19:00 GMT

Posted To: Mortgage Rate WatchMortgage rates erased yesterday's losses after today's jobs report, though not necessarily because of it. The Employment Situation (affectionately referred to as "the jobs") is traditionally one of the biggest sources of..[read more]

FHA Loan Limits Increased
Fri, 02 Dec 2016 14:27:52 GMT

Posted To: MND NewsWireThe Federal Housing Administration (FHA) has now joined the Federal Housing Finance Agency in raising the dollar limits for loans that qualify for FHA guarantees. Last week FHFA raised limits for Fannie Mae and Freddie Mac loan..[read more]

Agency's Future up For Grabs; Loan Amount Changes - FHA's 2017 Levels
Fri, 02 Dec 2016 14:24:08 GMT

Posted To: Pipeline PressPlenty of people are on the roads in December, traveling for the holidays. Ever curious about the basic differences between a road, a street, a boulevard, etc.? Well, here is a short, easy description . With 2018 a mere 13 mo..[read more]

MBS Day Ahead: Can NFP Help Bond Buyers Catch The Falling Knife?
Fri, 02 Dec 2016 13:12:02 GMT

Posted To: MBS CommentaryHave you heard the one about the falling knife? And how no one wants to catch it? That's one of the market's favorite analogies for the fear experienced by potential buyers of an asset whose price has fallen so rapidl..[read more]

MBS RECAP: Bonds Lose Enough to Wake Up Buyers. Then They Went Back to Bed
Thu, 01 Dec 2016 22:44:59 GMT

Posted To: MBS CommentaryBonds began the day in the throes of yesterday's ongoing momentum. There was a bit of a pause during Asian market hours, but European trading quickly pushed US rates to new 2016 highs . Unlike most of the recent selling s..[read more]

Mortgage Rates Surge Above 2-Year Highs
Thu, 01 Dec 2016 21:02:00 GMT

Posted To: Mortgage Rate WatchMortgage rates spiked abruptly today, bringing them to the highest levels in well over 2 years . The average lender is now quoting conventional 30yr fixed rates of 4.25% on top tier scenarios with more than a few already..[read more]

Residential Spending Leads Lackluster Construction Report
Thu, 01 Dec 2016 16:43:19 GMT

Posted To: MND NewsWireConstruction spending rose only slightly in October, with residential construction coming in stronger than most other sectors. The Census Bureau said overall spending during the month was at a seasonally adjusted annual rate of..[read more]

UDAAP and Title Webinars; Allied Found Guilty; Lender Rankings
Thu, 01 Dec 2016 15:00:19 GMT

Posted To: Pipeline PressNumbers can be deceiving. U.S. Housing and Urban Development (HUD) Secretary Julián Castro announced that public housing developments in the U.S. will now be required to provide a smoke-free environment f or their resi..[read more]

MBS Day Ahead: Bonds Flirt With Highest Yields Since July 2015
Thu, 01 Dec 2016 13:32:14 GMT

Posted To: MBS CommentaryBond markets begin the day still reeling from yesterday's OPEC-driven rout. We noted in yesterday's closing commentary that yields bounced on an ominous floor at at 2.35% (10yr yield). That was ominous because it has ..[read more]

MBS RECAP: OPEC Deal Blasts Bonds
Wed, 30 Nov 2016 22:18:13 GMT

Posted To: MBS CommentaryToday brought the long-awaited and hotly-anticipated conclusion of a deal among OPEC countries to limit oil production. Constricted supply has one intention: higher prices. For now, petroleum still fuels trade for the foresee..[read more]

Mortgage Rates Moderately Higher
Wed, 30 Nov 2016 21:07:00 GMT

Posted To: Mortgage Rate WatchMortgage rates rose moderately today, bringing them roughly back in line with Monday's levels. For the record, that leaves us in slightly better shape than last week, which saw the highest rates in more than a year. Toda..[read more]

Mortgage Activity Will Be Crushed By Rising Rates -Freddie Mac
Wed, 30 Nov 2016 18:35:40 GMT

Posted To: MND NewsWireInterest rates are, quite naturally, the focus of Freddie Mac's November Outlook. The company's Economic & Housing Research Group looked at the potential impact of the interest rate surge since the election and what it called "..[read more]

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