AMB News

Mortgage News Daily

• Mortgage Rates Are Now Well Over 3 Percent February 25, 2021
  Posted To: Mortgage Rate WatchMortgage rates WISH they were still at 2.97%--the number conveyed today by Freddie Mac's weekly survey. Freddie's data is accurate when it comes to capturing broad trends over time, but can really fall short when the bond market is experiencing elevated volatility. To say that bond market volatility has been elevated […]
• MBS RECAP: Video Time Corresponds With Market Drama (Today's is 22 min.) February 25, 2021
  Posted To: MBS CommentaryJust When You Thought It Wouldn't Get Much Worse Staggeringly weak day for bonds. 2.0 MBS coupon is now irrelevant. 2.5 is only game in town Lots of general motivations to discuss (watch the video), but the 7yr auction was the only obvious moment for cause & effect Econ Data / Events […]
• Pending Home Sales Post 5th Straight Loss February 25, 2021
  Posted To: MND NewsWireJanuary marked the fifth straight month that the National Association of Realtors® (NAR) has reported a decline in its Pending Home Sales Index (PHSI). The index, based on newly signed contracts for the purchase of existing homes, was down 2.8 percent from its December level. The index in January was at 122.8 […]
• Ops, MLO Jobs; Cap. Mkts., Valuation, Default, Fulfillment Tools; Technology and Processing Notes February 25, 2021
  Posted To: Pipeline PressAs hope for a recovery drawing nearer helps push rates higher, Carol K. writes, “I hate it when people ask me what I do for fun because there is no classy way to say, ‘Binge drink.’” The approaching 1003 form mandatory changes may cause some people to turn to drink… Is it […]
• MBS Day Ahead: Just When You Thought It Wouldn't Get Much Worse February 25, 2021
  Posted To: MBS CommentaryIt got much worse. Bond yields were up more than 8bps by the open with the 10yr just a hair under 1.47%. It might be hard for traders to avoid ringing the 1.50% bell even if bonds manage to bounce today or in the next few days. The kicker is that the […]
• Highest Mortgage Rates Since June 2020 February 24, 2021
  Posted To: Mortgage Rate WatchAs of today, you'd have to go back to June 2020 to see higher mortgage rates. This is courtesy of an ongoing move in the bond market that has longer-term rates/yields surging higher at the quickest pace since the pandemic began. The broader bond market has actually been signalling this sort […]