AMB News

Mortgage News Daily

• Busy Week With Big Ticket Data And The Fed January 30, 2023
  Unlike last week, the present example offers multiple scheduled economic reports that have consistent track records of causing market movement.  Key examples include both ISM reports, ECI, JOLTS, and of course the jobs report on Friday.  The Fed announcement lies smack dab in the middle on Wednesday afternoon where it is all but guaranteed that […]
• Homebuyer Education, RON, Elastic Ops Tools; Conventional Conforming News; STRATMOR on Tech ROI January 30, 2023
  Want to really let someone know that you’re no longer interested in them? For $10 the San Antonio Zoo is offering a special Valentine’s Day greeting for exes who keep bugging you after you part ways: naming a cockroach after your not-so-special someone and feeding it to an animal. What about when a lender parts […]
• 5 for 5 on Uneventful Trading Days; Next Week Should be Different January 27, 2023
  5 for 5 on Uneventful Trading Days; Next Week Should be Different Heading into this week, if we had to guess, we would have expected things to look about how they looked.  Specifically, yields didn't challenge the trading range and economic data wouldn't have a huge impact on bonds.  Perhaps that would have been different […]
• The Most Stable Mortgage Rate Trend Since 2021 January 27, 2023
  There are those who always try to portray the glass as being half full when it comes to the housing market. Then there are those who love a full glass, but who also call it like they see it. Right now, each camp has something to agree on: the glass is more full than it […]
• Latest Home Sales Data Adds to Case For a Bounce January 27, 2023
  For those in the housing and mortgage market, there's certainly been a shift in the tone over the past few weeks.  I can't speak for everyone in that market, but in daily conversations with mortgage originators, the topic of an uptick in home sales is coming up for the first time in quite a while.   […]
• PCE Inflation Joins The Ho-Hum Chorus; What's up With Money Supply? January 27, 2023
  The two reports most capable of surprising the market this week were Thursday's GDP and Friday's PCE.  While it's always good to maintain some respect for potential surprises, weren't looking for any major revelations in terms of the market's reaction.  By some combination of their 2nd tier nature and the fact that they came in […]