Mortgage Rates Rise Only Slightly Despite Weaker Market Cues
Monday, December 18, 2017

Posted To: Mortgage Rate Watch Mortgage rates bounced modestly higher today, bringing the average lender back in line with last Wednesday's levels. Bond markets (which underlie mortgage rate movement) suggested a slightly bigger bounce. We may not have seen such a bounce simply due to timing. Spe... .. read more..

Faith in New Home Market at 18-Year High
Monday, December 18, 2017

Posted To: MND NewsWire Builder confidence shot up in December, reaching the highest level the National Association of Home Builders (NAHB) has recorded in 18 years . NAHB said its Housing Market Index (HMI), which is cosponsored by Wells Fargo, gained 5 points to 74 from a downwardly revised (fr... .. read more..

MBS Week Ahead: Decent Amount of Data, Tax Vote, and Holiday Closure
Monday, December 18, 2017

Posted To: MBS Commentary While it's not on some economic calendars yet, this Friday will be an "early close" for bond markets, meaning no trading after 2pm ET. Even then, very few human market participants remain in the office past lunch on such Fridays and more than a few will hav... .. read more..

New Products; The Tax Plan's Reality for Homeowners and Small Businesses
Monday, December 18, 2017

Posted To: Pipeline Press We start the week with something pertaining to words and the internet, both near and dear to all of us. Here’s the New Yorker's cartoon take on the Trump administration repealing net neutrality . Despite claims of scaling back regulations, we have new regulations p... .. read more..

MBS RECAP: Bond Traders Have Had Enough
Friday, December 15, 2017

Posted To: MBS Commentary Bond traders are increasingly saying "enough already! " when it comes to reacting to every little push and pull in the tug-o-war over the tax bill. After headlines suggested Rubio may be pulling his "yes" vote yesterday, today's news was different... .. read more..

Mortgage Rates Hold Recent Lows
Friday, December 15, 2017

Posted To: Mortgage Rate Watch Mortgage rates moved slightly lower today, despite movement in bond markets that would have suggested otherwise. The paradoxical strength is likely due to the fact that bonds improved faster yesterday without mortgage lenders adjusting rate sheets accordingly. In ot... .. read more..

Freddie and Fannie May Get Another Jumpstart
Friday, December 15, 2017

Posted To: MND NewsWire There has been a flurry of news about the two GSEs, Fannie Mae and Freddie Mac, in the last few weeks. The House Financial Services Committee recently advanced H.R. 4560, the GSE Jumpstart Reauthorization Act of 2017 to the full house for consideration. The proposed bill e... .. read more..

THL Invests in G-Rate; Fair Lending and HMDA News
Friday, December 15, 2017

Posted To: Pipeline Press Originators, who work with plenty of renters who want to be owners, should know that the Harvard Joint Center tells us that, “We’re finally seeing the record growth in renters slow down, but while the market has responded to rental housing needs for higher-in... .. read more..

MBS Day Ahead: Is There a Common Theme For Bonds at Year-End?
Friday, December 15, 2017

Posted To: MBS Commentary From time to time, a discussion will start up among MBS Live community members regarding certain habits for certain months of the year. Some popular observations have been "bonds always sell-off in October" and "there's always volatility in March."... .. read more..

MBS RECAP: Stocks Lose, Rates Recover on Tax Bill Fears
Thursday, December 14, 2017

Posted To: MBS Commentary Bonds began the day in weaker territory partly due to a correction from yesterday's strong run in the afternoon, and partly due to stronger economic data in Europe. Domestic economic data was stronger too, with Retail Sales coming in at 0.8 versus a median forecast o... .. read more..

Mortgage Rates Hold On to Lower Levels After Tax Bill Doubts
Thursday, December 14, 2017

Posted To: Mortgage Rate Watch Mortgage rates held on to yesterday's gains in most cases. Some lenders were even in slightly better shape today, but not enough to have an effect on anything beyond the upfront costs associated with any given rate quote. Rates themselves would be right in line with... .. read more..

Automated Appraisals Don't Paint the Whole Picture
Thursday, December 14, 2017

Posted To: MND NewsWire The use of Automated Valuation Models (AVM) is expected to expand following the announced plans of the Fannie Mae and Freddie Mac to waive the requirement for a professional appraisal on qualified purchase loans where the loan-to-value (LTV) ratio is at or below 80 percent... .. read more..

Downpayments at Record Highs as Home Prices Rise
Thursday, December 14, 2017

Posted To: MND NewsWire Homebuyers ponied up the highest downpayments on record to purchase homes in the third quarter of 2017. ATTOM Data Solutions' (formerly RealtyTrac) Residential Property Loan Origination Report says that the median down payment for a single-family home or condo purchased wi... .. read more..

Tax News; State-Level Changes; Jumbo/Non-Conforming Updates; Dot Plot Primer
Thursday, December 14, 2017

Posted To: Pipeline Press There’s a lot of airport travel coming up. It is best to stay cool, calm, and collected . Unfortunately, something else that is cool, and calm, is the entry level market for homes. Thousands of housing stats are spit out every year, and here's another one: Zillow f... .. read more..

MBS Day Ahead: Big Directional Moves All About Keeping Things SIdeways
Thursday, December 14, 2017

Posted To: MBS Commentary Volume swelled during the first 3 days of the week, culminating in yesterday's CPI/Fed combo and a fairly large move lower in rates. That's what we can observe about the short -term. If we're looking at longer -term trends, however, yesterday's big direct... .. read more..

Powered by Feed Informer