AMB News

Mortgage News Daily

• New Home Sales Hit Highest Levels Since 2007 February 26, 2020
  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 sales report from the U.S. […]
• MBS Day Ahead: Past Examples of Trips to All-Time Yield Lows February 26, 2020
  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 increasingly began to expect QE3. […]
• Sales, Language, Broker Tools; GSE Reform Continues; Two 2020 Fed Cuts? February 26, 2020
  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 a surge in coronavirus cases […]
• Mortgage Applications Calm Before The Storm? February 26, 2020
  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 on an unadjusted basis, but […]
• Mortgage Rates Are Low, But They're Not Falling as Fast as The 10yr February 25, 2020
  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 nearly as low as you'd […]
• Freddie Mac MBS Don't Exist Anymore February 25, 2020
  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 sweat it. If you haven't […]