AMB News

Mortgage News Daily

• MBS RECAP: Jerky Knees After Fed August 21, 2019
  Posted To: MBS CommentaryToday brought the (not very) much-anticipated FOMC Minutes--a more detailed account of the conversation that transpired at the end of July when the Fed announced its rate cut. As expected, some at the Fed wanted to cut more. Some wanted to cut less. The consensus was that it was a mid-cycle rate […]
• Mortgage Rates Pop Higher August 21, 2019
  Posted To: Mortgage Rate WatchMortgage rates moved higher today, and it had nothing to do with any of the day's events or news headlines. Quite simply put, the bond market (which dictates the rates that can offered by lenders) had already begun to weaken as of yesterday afternoon. Weakness continued overnight as global financial markets […]
• Low Rates "Nudged" Existing Home Buyers NAR says August 21, 2019
  Posted To: MND NewsWireExisting home sales returned to an upward track in July after dipping 1.7 percent in June. The National Association of Realtors® (NAR) said pre-owned single-family homes, townhomes, condominiums, and cooperative apartments sold at a seasonally adjusted annual rate of 5.42 million units during the month, a 2.5 percent increase from the 5.270-million-unit […]
• MBS Day Ahead: Consolidating Into Fed Minutes, But Not Because They Guarantee a Breakout August 21, 2019
  Posted To: MBS CommentaryIn the day just passed, a modest uptrend in yields was "defeated" from a technical standpoint. Yields broke below a trend-line marking "higher lows" that began last Thursday afternoon and spent the rest of the day moving mostly sideways at stronger levels. Stocks were weaker but that didn't necessarily have a bearing […]
• Customer Retention, Broker Products; Yield Curve and Mortgage Rates August 21, 2019
  Posted To: Pipeline PressCongratulations to Hawaii which became a state fifty years ago today. We’ve had plenty of economic cycles, small and large, in fifty years, although in general rates have been coming down since 1981. And we’ve had a flat or inverted U.S. yield curve for several months. Inverted yield curves don’t cause a […]
• Share of Custom Home Construction Remains Flat August 21, 2019
  Posted To: MND NewsWireResidential construction has been famously slow for several years and some new analysis of Census data by the National Association of Home Builders (NAHB) shows that the lack of robustness is shared in the custom home sector. In an Eye-on-Housing blog article, Robert Dietz, NAHB Senior Vice President and Chief Economist says […]