September2020

MBS RECAP: Bonds Finally Make a Move. How Serious Is It?

Posted To: MBS Commentary Bonds Finally Make a Move. How Serious Is It? After more than 2 months of a narrow sideways range and more than 3 weeks of an increasingly narrow trading range, bond yields finally broke out today. Is this the start of a new trend toward higher[…]

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MBS Day Ahead: Clear Reaction to Presidential Debate, But There's a Catch

Posted To: MBS Commentary There has been an uncanny amount of sideways momentum in the bond market for months. The range has grown even narrower over the past 3 weeks with this week being the narrowest in decades (since February 15th, 1991 to be exact. This isn't pictured on the[…]

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Servicing, MLO, Ops Jobs; Compliance, Jumbo Products; Webinars and Training; Housing, Jobs, and Stable Rates

Posted To: Pipeline Press Welcome to the start of Fat Bear Week in Alaska. (There’s even a Park Service bracket with the favorites… expect upsets!) It’s probably easier to forecast the fattest bear than it is to predict forbearance trends, although MCT’s “ MSR Forbearance in 2020: Challenges and Recommendations[…]

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Pending Home Sales Just Hit a New All-Time High

Posted To: MND NewsWire Contracts for existing home purchases rose for the fourth straight month in August and more than doubled the increase expected by most analysts. The National Association of Realtors® (NAR) says its Pending Home Sales Index (PHSI) rose from 122.1 in July to 132.8 in August, an[…]

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Mortgage Applications Slowed as Many Rush to Beat the Adverse Market Fee

Posted To: MND NewsWire Mortgage application volume has fallen into an up and down pattern over the last few weeks and last week went to the negative side. The Mortgage Bankers Association said its Market Composite Index decreased 4.8 percent on a seasonally adjusted basis during the week ended September[…]

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Mortgage Rates Still Sideways to Slightly Lower

Posted To: Mortgage Rate Watch The average mortgage lender continues to offer top tier conventional 30yr fixed rates in the “high 2% to low 3%” neighborhood. Exactly where any given quote will reside in that neighborhood depends on several factors. The most important of those is the re-introduction of the[…]

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MBS RECAP: Treasury Consolidation Runs Out of Room, But MBS Keep Gaining

Posted To: MBS Commentary Treasury Consolidation Runs Out of Room, But MBS Keep Gaining MBS continue to outperform due to favorable supply vs demand. Treasuries continue sideways. In fact, they found a way to express even more uncertainty than the prevailing sideways range of .63-.73 in 10yr yields. Today's trading[…]

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MBS Day Ahead: Presidential Debate Could Offer Hints at Bonds' Election Game Plan

Posted To: MBS Commentary The absence of volatility in the bond market cannot be overemphasized at the moment, or during most any moment since mid August. Rather than drift toward a more committed stance–as they often do when a sideways trend drags on for too long–bonds have instead doubled down[…]

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Perfect Storm For Home Prices?

Posted To: MND NewsWire The growth of home prices nationally continued to accelerate in July according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. The National Index, which covers all nine U.S. census divisions, rose 4.8 percent in July on an annual basis compared to a 4.3[…]

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Ops Jobs Coast to Coast; Re-Branding, Finance, Digital Tools

Posted To: Pipeline Press Here’s a brief video refresher of our tax code if anyone needs it. If eight months ago someone had told you to pick a country where there is a mudslinging election for the highest office in the land, the reliability of the post office would be[…]

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