Posted To: MND NewsWirePending home sales bounced back last month after an unexpectedly dismal performance ended the prior year. The National Association of Realtors ® said its Pending Home Sales Index (PHSI), which had dropped 4.9 percent to 103.2 in December, posted a 5.2 percent increase last month to a [...]
Thu, Feb 27, 2020
Source: Mortgage News Daily
Posted To: MBS CommentaryGood morning. 10yr yields are in the 1.2's. All-time lows. We follow MBS and the 10yr Treasury yield (and other rates, when relevant) here. The focus is on the 10yr for THESE REASONS . Today will be "interesting" then, because mortgage rates aren't going to do what [...]
Thu, Feb 27, 2020
Source: Mortgage News Daily
Posted To: Pipeline PressI was telling my cat Myrtle that U.S. lenders are continuing to bask in the glow of a great 2019 and a start to 2020 (with March and April now looking very good, given rates), but that one of the big worries is about branches and referral [...]
Thu, Feb 27, 2020
Source: Mortgage News Daily
Posted To: MND NewsWireNew home sales had ended 2019 in a much stronger fashion than they had started the year. December sales were at an annual rate of 708,000 (a revision from the initial estimate of 694,000) and running more than 23 percent above sales a year earlier. With Wednesday's [...]
Wed, Feb 26, 2020
Source: Mortgage News Daily
Posted To: MBS Commentary2012 was almost all about the European systemic crisis, although doubts remained about the US economic lift-off as well. All of the above played out against the background of a generally supportive Federal Reserve. In the summertime, QE was in one of its off cycles and traders [...]
Wed, Feb 26, 2020
Source: Mortgage News Daily
Posted To: Pipeline PressRemember the concerns of chaos prior to the UK leaving the European Union? Despite Brexit, the average London house prices increased 2.3% in 2019, the highest since 2017. In the rest of England, home prices were up 2.2% y/y. In this country, lenders' pipelines are swamped as [...]
Wed, Feb 26, 2020
Source: Mortgage News Daily
Posted To: MND NewsWireThere was a new round of interest rate cuts during the week ended February 21, but consumers largely ignored the additional potential for refinancing. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage volume, increased by 1.5 percent from the previous week [...]
Wed, Feb 26, 2020
Source: Mortgage News Daily
Posted To: Mortgage Rate WatchMortgage rates have been putting on a rather frustrating and exciting show in the month of February. On the one hand, they're at their lowest levels since 2012 and are off to their strongest start of any year on record. On the other hand, they're not [...]
Tue, Feb 25, 2020
Source: Mortgage News Daily
Posted To: MBS CommentaryFor the purposes of following along with the underlying forces affecting mortgage rates, Freddie Mac MBS essentially never mattered. Fannie had always been the big show, and that message was driven home with the implementation of the Single Security Initiative (SSI). Haven't heard of the SSI? Don't [...]
Tue, Feb 25, 2020
Source: Mortgage News Daily
Posted To: MND NewsWireBoth the S&P CoreLogic Case-Shiller home price indices and the Federal Housing Finance Agency's (FHFA's) House Price Index (HPI) for December provide more evidence that low interest rates have reignited the fire under home price appreciation. Case-Shiller's National Home Price Index, covering all nine U.S. census divisions, [...]
Tue, Feb 25, 2020
Source: Mortgage News Daily

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