AMB News

Mortgage News Daily

• MBS RECAP: Quiet Trading Week Leaves Focus on Brexit Weekend October 18, 2019
  Posted To: MBS CommentaryToday was a throw-away day for the bond market. Yields matched their narrowest trading range of the week and ended the day at their most 'unchanged' levels of the week (i.e. closest to the previous day's close). In addition, Friday's close was only 2bps away from last Friday's close. Translation: bonds did […]
• Here's Why Rates Were Flat This Week (And Why That Should Change) October 18, 2019
  Posted To: Mortgage Rate WatchMortgage rates were flat today. In fact, they were very close to being flat on the week for that matter! This is a reflection of the bond markets current set of concerns, which really came into focus late last week with Thursday's Brexit-related news and Friday's trade deal updates. Brexit refers […]
• FHA Tops the List for Non-Conventional Purchases October 18, 2019
  Posted To: MND NewsWireMore than a quarter of new home purchases in 2018 were financed through non-conventional sources. Data from the Census Bureau's Survey of Construction shows that, while the new home market was dominated by loans from Fannie and Freddie Mac, other funding accounted for 28.6 percent of new home purchases. Danushka Nanayakkara-Skillington analyzed […]
• After Two Years, Residential Fixed Investment Returns to Positive Territory October 18, 2019
  Posted To: MND NewsWireEven though the pace of home building remains below where the industry would like it to be, Fannie Mae says it helped drive residential fixed investment into the black in the third quarter. The company's Economic and Strategic Research Macroeconomic Forecast Team says it would be the first time that component will […]
• MBS Day Ahead: Strange Combination of Pre-Brexit Paralysis and Jumpiness October 18, 2019
  Posted To: MBS CommentaryYesterday brought the highest yields in a month as Brexit-related optimism swelled early in the overnight session. At issue: British PM Johnson and EU negotiators reached "a deal." Great! Right? Brexit is solved? But wait... British parliament would still need to sign off on the deal, and the news was quick to […]
• MBA Predicts Economic and Rate Uncertainty Depressed New Home Sales October 18, 2019
  Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) says it expects that new home sales declined in September relative to August based on a drop in mortgage applications to finance their purchase. MBA says its Builder Application Survey showed there were 8 percent fewer applications in September than in August, but those applications were submitted […]