AMB News

Mortgage News Daily

• MBS RECAP: More Stock Losses Bring More Bond Bounces November 14, 2018
  Posted To: MBS CommentaryThe narrative has grown (remained?) the same for bonds lately. If stocks are losing ground, then it's time to rally . If stocks are stabilizing or recovering, it's time to sell . Today was more of the same in that regard. For the first few hours of the day, yields moved gradually […]
• Afternoon Mortgage Rate Improvements For Most Lenders November 14, 2018
  Posted To: Mortgage Rate WatchMortgage rates began the day in roughly unchanged territory. Some lenders were microscopically stronger or weaker compared to yesterday, but not enough to impact the average mortgage borrower. For the first few hours of the day, it looked as if rates would stay unchanged or possibly move slightly higher. That all […]
• Millennials Could be Foregoing Equity Wealth November 14, 2018
  Posted To: MND NewsWireWhile reams of research have been done on why members of the Millennial generation are less likely to own a home compared to their baby boomer and Gen X elders at the same age, the Urban Institute (UI) notes that knowing the reasons doesn't necessarily shed much light on the potential long-term […]
• MBS Day Ahead: CPI Gets First At-Bat, Then Back to Stocks November 14, 2018
  Posted To: MBS CommentaryBonds are actively trying to decide who they are and what they want to do with their lives. Will they be barometers of economic growth and inflation? Or will they be gauges of Fed bond buying and US government bond selling (supply and demand)? The answer is "yes" on both accounts, but […]
• Mortgage Applications: Refis at Lowest Levels Since 2000 November 14, 2018
  Posted To: MND NewsWireMortgage application activity continued to shrink during the week ended November 9. The Mortgage Bankers Association said its Market Composite Index, a measure of mortgage application volume dropped by 3.2 percent on a seasonally adjusted basis when compared to its level on November 2. The index has declined by an aggregate of […]
• MBS RECAP: Best Levels in More Than a Week Ahead of CPI November 13, 2018
  Posted To: MBS CommentaryCPI (the Consumer Price Index) has been the most relevant economic report on the horizon since the balmy NFP report from 2 weeks back. Reason being: NFP contained a strong wage growth component, and that always generates some fear among bond traders that higher wages will translate to higher inflation. Economists aren't […]