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Mortgage News Daily

• MBS RECAP: With Nothing Better to Follow, Bonds Took Cues From Stocks August 22, 2017
  Posted To: MBS CommentaryI'm not shy about dismissing the conventional wisdom of bond yields and stock prices following each other. We're talking about some iteration of the quintessential quip: "buy stocks, sell bonds," or vice versa. Over the shorter time horizons, we do indeed see that sort of relationship play out from time to time, […]
• Mortgage Rates Nominally Higher, But Still Near Long-Term Lows August 22, 2017
  Posted To: Mortgage Rate WatchMortgage rates rose today, but by a small enough amount that it shouldn't crush too many hopes and dreams. For all intents and purposes, rates remain in line with the lowest levels since November 2016. Any movement in recent weeks has been limited to "upfront costs" as opposed to interest rates […]
• MBS Day Ahead: What's a Pivot Point? Which One to Watch? August 22, 2017
  Posted To: MBS CommentaryWe have a dedicated primer on pivot points here . But let's look at a timely example with the pivot points we've been tracking in recent weeks. Actually, only one of the two has been actively discussed, the other is both newer and older (it was in play several months ago, took […]
• Home Price Gains Slow on FHFA Index August 22, 2017
  Posted To: MND NewsWireThe Federal Housing Finance Agency (FHFA) reported on Tuesday that home prices were up in 48 states and the District of Columbia during the second quarter of 2017. The agency said that its Housing Price Index appreciated 1.6 percent compared to the first quarter of the year. Year-over-year prices, expressed as an […]
• Power of Attorney Changes by State; Tweak LIBOR Rather Than Eliminate? August 22, 2017
  Posted To: Pipeline PressFrom LOs to investors, no matter the real estate market, the story is the same: “Loosen up the credit guidelines all you want, but if there’s no inventory of houses for sale or being built, then I’ll merely have 20 prequals on my desk instead of the 10 I have now.” State-Level […]
• MBS RECAP: Was the Eclipse a Market Mover? August 21, 2017
  Posted To: MBS CommentaryIt's a good thing financial media outlets aren't too shy about covering topics outside the financial sphere because without the eclipse, there would have been nothing to talk about today. Volume and volatility dropped off a cliff, abruptly. In fact, the difference in tone was big enough that I wouldn't mind chalking […]