Posted To: MND NewsWireThe National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) moved one point higher this month. However, at 66, NAHB's measure of builder confidence in the new home market stayed within the 64 to 66 range where it has been now for four months. "While [...]
Fri, Aug 16, 2019
Source: Mortgage News Daily
Posted To: MND NewsWireNew home purchases are expected to be significantly higher in July according to data released by the Mortgage Bankers Association (MBA). Its monthly Builder Application Survey (BAS), indicates that applications for new home purchase mortgages increased by 11 percent month-over-month and were up 3.2 percent from July [...]
Fri, Aug 16, 2019
Source: Mortgage News Daily
Posted To: MBS CommentaryPerhaps more than any other day in the past few weeks, today stood as an example of the mortgage market's ability to put up a fight when the time is right. As we've discussed frequently, they've been getting pummeled by Treasuries as the latter's yields fell to [...]
Fri, Aug 16, 2019
Source: Mortgage News Daily
Posted To: Mortgage Rate WatchThings have been weird enough for mortgage rates recently that we were forced to add a " Temporary Note on Mortgage Rate Inconsistency " to our daily coverage recently. It will likely return before too long, but with a few edits for clarity. Edits will also [...]
Fri, Aug 16, 2019
Source: Mortgage News Daily
Posted To: MBS Commentary10yr yields rallied aggressively yesterday, and for no reason more compelling than a proverbial "snowball rally compounded by technicals and algorithmic trading." Ugh! I hate typing that stuff. It's annoying to be forced to reduce market movement to what feels like a "couldn't come up with anything [...]
Fri, Aug 16, 2019
Source: Mortgage News Daily
Posted To: Pipeline PressSome international rates have gone through 0 percent and are now negative. The low rates and high volumes have caused lenders to focus less on long-term planning and more on closing loans. Who can blame them? How would U.S. mortgage rates near 0 percent impact the future [...]
Fri, Aug 16, 2019
Source: Mortgage News Daily
Posted To: MBS CommentaryBonds digested the week's busiest day of economic data, by far, today. But markets in general are only interested in data that changes the economic narrative. Today's only real candidate in that regard would have been a surprisingly weak Retail Sales report. Since we didn't get that [...]
Thu, Aug 15, 2019
Source: Mortgage News Daily
Posted To: Mortgage Rate WatchMortgage rates fell today as the underlying market for mortgage-backed-securities (MBS) actually did a better job of keeping pace with broader bond market gains--not something they've been doing very well lately! For some lenders, it was enough to get them back to August 6th's levels, which [...]
Thu, Aug 15, 2019
Source: Mortgage News Daily
Posted To: Pipeline PressPlenty of economists watch builder activity and mood swings as early indicators of future economic health. Builder confidence in the single-family 55+ housing market continued in positive territory in the second quarter of 2018, according to the HMI . We've been hearing about skilled labor shortages, lack [...]
Thu, Aug 15, 2019
Source: Mortgage News Daily
Posted To: MBS CommentaryIn the day just passed, bond markets primarily reacted to overseas economic data with many of the reports in Europe coming in flat to weaker. Combined with the weakest Chinese manufacturing data in years, it was enough to push bonds through recent resistance levels and to new [...]
Thu, Aug 15, 2019
Source: Mortgage News Daily

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