AMB News

Mortgage Industry News


  • RSS Mortgage News Daily

    • Thursday's Data Offered No Objection to Overnight Rally June 12, 2025
      Thursday's Data Offered No Objection to Overnight Rally Thursday's PPI was just as tame as Wednesday's CPI and, for a moment, it looked like bonds were going to offer an encore performance of the post-CPI rally.  But in Thursday's case, bonds had already rallied nearly that much in the overnight session.  We're inclined to view […]
    • Lowest Mortgage Rates in More Than a Month June 12, 2025
      Mortgage rates being offered today are only a hair lower for the average lender than they were on June 4th, but June 4th was the best day since early May.  In other words, today's average rate is the lowest in just over a month. This didn't happen by chance. The underlying bond market has been […]
    • Correspondent, Jumbo, POS Tools; Fairway/Hallmark Deal; HELOC, 2nd, Non-QM News June 12, 2025
      “I was always a home builder, but lately I’ve developed an apartment complex.” Here in Florida, so many structures are made of stucco because stucco is fairly inexpensive, creates a great finished look, and is easy to apply to homes constructed with concrete blocks. But it can be damaged as a house shifts and settles […]
    • Higher Bar For Additional Gains Despite Lower PPI June 12, 2025
      This morning's PPI did its best impression of yesterday's CPI with the core monthly number coming in at 0.1 vs 0.3 forecast. In yesterday's case, this was good enough for a reasonably big rally.  Today, not so much.  While bonds did manage to add to overnight gains in the immediate wake of the data, they're […]
    • Nice Rally on Data and Auction Results June 11, 2025
      Nice Rally on Data and Auction Results Wednesday ended up being a straightforward session for bonds with a large CPI beat prompting a decently swift rally in the bond market. Shorter maturities did the best--also logical considering the proximity to the Fed Funds Rate and the fact that Fed rate expectations rallied 8+ bps. But […]
    • Mortgage Rates Fall as Inflation Data Comes in Soft June 11, 2025
      After a calm start to the week on Monday and Tuesday, we were likely to see a bit more volatility on Wednesday due to important events on the calendar. The first was the morning's release of the Consumer Price Index (CPI), a key inflation report. Inflation is one of the most basic inputs for the […]

  • View more industry news