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Mortgage News Daily:
Refinancing Still Driving Freddie Mac Mortgage Volume
10/26/2021 9:49 AM
Posted To: MND NewsWireFreddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 17.4 percent in September compared to a 23.7 percent gain in August. The portfolio balance at the end of the period was $3.137 trillion compared to $3.093 trillion the prior month and $2.613 trillion...
New Home Sales Post Double Digit September Gain
10/26/2021 9:48 AM
Posted To: MND NewsWireSales of newly constructed homes surged unexpectedly in September, reaching the highest rate since March . However, a downward revision in the August numbers left sales still significantly below those a year earlier. The U.S. Census Bureau and Department of Housing and Urban Development said newly ...
Sales, Retention, Processing, Automation Tools; Agency Updates; Disclosing Ghosts?
10/26/2021 9:46 AM
Posted To: Pipeline PressLenders and servicers don’t like weather extremes. Hurricane season is nearly over. While the East Coast is bracing for a storm, however, it’s feast or famine in the West, when, in the span of a few days, large swaths of land go from drought and fires to ...
MBS Morning: Bonds Biding Time; Price Data Clarifies New Conforming Loan Limits
10/26/2021 8:28 AM
Posted To: MBS CommentaryAt the start of the trading session, Treasuries have the distinction of trading through the overnight hours with the lowest volume and volatility in more than a month. That's either a coincidence, or the first major sign that bonds are settling into a sideways, narrow, consolid...
MBS RECAP: Nice Recovery, But Big-Picture Damage Remains
10/25/2021 3:17 PM
Posted To: MBS CommentaryNice Recovery, But Big-Picture Damage Remains Monday could have been worse. Bonds started out in weaker territory but recovered early in the domestic session. Technicals and repositioning tradeflows deserve as much credit as dovish remarks from the Bank of England. Ultimately, the ...
Mortgage Rates Improve Modestly From Long-Term Highs
10/25/2021 2:45 PM
Posted To: Mortgage Rate WatchMortgage rates began the day right in line with Friday afternoon"s latest levels. Lenders likely would have been able to offer lower rates if the bond market hadn"t begun the day at weaker levels (bond market weakness = higher rates, all other things being equal). As the day progre...
MLO Jobs; Decisioning, Retention, Sales, Processing Tools; Report on Discrimination; Perspective on Fed Tapering
10/25/2021 9:50 AM
Posted To: Pipeline PressGiven my emails and hallway chatter in San Diego last week, what’s on people’s minds? The state of the housing market is one, and Ivy Zelman, CEO of Zelman & Associates and author of “ Gimme Shelter ,” co-hosts The Mortgage Collaborative&r...
MBS Morning: Fighting to Remain Under Long-Term Rate Ceilings
10/25/2021 9:48 AM
Posted To: MBS Commentary10yr yields hit a long-term ceiling of 1.776 on March 30th, 2021 as bonds quickly priced in vaccine efficacy and fiscal policy. Several sideways months gave way to a delta-inspired rally. Political gridlock and persistently friendly Fed policy helped. With case counts subsiding aga...
MBS RECAP: Solid Afternoon Bounce, But Context Matters
10/22/2021 3:45 PM
Posted To: MBS CommentarySolid Afternoon Bounce, But Context Matters There's surely some great analogy to be made about perspective (filed under the "everything's relative" category). Bonds rallied quite nicely today with 10yr yields have their best domestic trading session since before t...
Highest Rates Since April, But There"s a Catch
10/22/2021 3:42 PM
Posted To: Mortgage Rate WatchOver the past 30 days, interest rates have risen sharply . This is true for both mortgage rates and bond market benchmarks like 10yr Treasury yields. But another version of the 10yr Treasury yield continues to operate near all-time lows . How can rates simultaneously be rising quic...
* national averages
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