AMB News

Mortgage News Daily

• Uneventfully Weaker Regardless of Durable Goods Data April 24, 2024
  Uneventfully Weaker Regardless of Durable Goods Data Bonds were weaker in the overnight session on a combination of anxiety over potential sales of US Treasuries in Japan and European economic data.  The domestic session brought actual selling of US Treasuries in the form of the 5yr Treasury auction, but the market already knew about that […]
• Mortgage Rates Pleasantly Stable Despite Some Bond Market Weakness April 24, 2024
  The average mortgage lender was able to offer conventional 30yr fixed rates that were very close to yesterday's levels despite bond market movement that suggested a bigger spike.  In a vast majority of cases, if the bond market is in weaker territory compared to the previous day, rates will be higher in proportion to that […]
• Data Mining, Servicing, Marketing Products: Check Your Noncompete Agreement; Training Next Week April 24, 2024
  Sometimes you just have to “risk it for the biscuit.” Capital markets are, for the most part, a little more complicated than, say, a recipe for next level dark chocolate brownies with salted caramel. Occasionally the topic of LOs or brokers being able to lock a loan, any time, any day, comes up. The New […]
• The Other Side of Sideways April 24, 2024
  The bond market has been decidedly more sideways after hitting longer-term yield highs last Tuesday.  10yr Treasuries have been a relatively narrow range since then, mostly respecting a ceiling of 4.65 and a floor of 4.57.  The first two days of the week saw yields start near the ceiling and improve by the close.  We're […]
• Mortgage App Volume Declines Across the Board April 24, 2024
  The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan application volume, fell back for the first time in three weeks during the week ended Aril 19 as interest rates continued to rise.  The Index declined 2.7 percent on a seasonally adjusted basis from one week earlier and was 2.0 […]
• Straightforward Gains After PMI Data April 23, 2024
  Straightforward Gains After PMI Data Tuesday's session was infinitely more interesting than Monday's with the caveat being Monday was a total snooze-fest.  Bond market volumes were much closer to recent averages and there was even some logical, data-driven volatility.  As always, volatility can go both ways and today's went the right way after S&P PMIs came […]