October2020

Home Purchase Demand Still Strong, but Slowing Down

Posted To: MND NewsWire While applications for new home purchase mortgages jumped in September, the Mortgage Bankers Association (MBA) expects only modest changes in the September sales data. MBA’s Builder Application Survey (BAS) data shows mortgage applications for new home purchases increased 38.2 percent in September compared to a year[…]

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MBS RECAP: Bond Market Modestly But Disappointingly Weak Despite Stock Sell-Off

Posted To: MBS Commentary Bond Market Modestly But Disappointingly Weak Despite Stock Sell-Off Bonds started out weaker and looked like they might make a recovery in the afternoon thanks to a big stock sell-off. But yields refused to move back below the .76% pivot point. That's not the end of[…]

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Mortgage Rates Flat to Begin The Week–Still Not At All Time Lows

Posted To: Mortgage Rate Watch For some unknown reason, there were additional articles over the weekend touting ” all-time low mortgage rates.” Underpinning these alleged rates is primary data that was released on Wednesday and Thursday last week. In short, the two weekly survey-based mortgage rate indices agreed that best-case-scenario[…]

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Second Homes, Widespread but Few in Number

Posted To: MND NewsWire There were approximately 7.5 million second homes in the U.S. in 2018, the most recent year for which data is available. This is 5.5 percent of the nation’s total housing stock. Na Zhao, writing in the National Association of Home Builders (NAHB’s) Eye on Housing blog,[…]

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Builder Confidence Sets a New Record Once Again

Posted To: MND NewsWire For only the second time in its 35-year history, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) topped 80 this month. The first time was in September. The index, a measure of builder confidence in the market for newly built single-family homes[…]

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MBS Week Ahead: Light Week For Data, But Plenty of Threats

Posted To: MBS Commentary Pressure is mounting for the bond market. After a period of intensely calm, narrow trading throughout September, 10yr yields quickly moved to challenge recent range boundaries heading into October. There are known risks on the horizon, with the presidential election and fiscal stimulus being the two[…]

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Compliance, AE, MLO Jobs; Marketing, Broker, Servicing Products; Online Disclosure Survey

Posted To: Pipeline Press Fifteen days until the election! How many days would it take you, or the company that employs you, to save up $11 million? In my discussions with CEOs, they are more concerned about how the election may impact the future regulatory environment than interest rates. I[…]

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MBS RECAP: MBS Defy Odds as Bond Bulls Fail For 3rd Straight Day

Posted To: MBS Commentary MBS Defy Odds as Bond Bulls Fail For 3rd Straight Day After failing back to back attempts to retake the recent sub-.72 range, 10yr yields didn't even try today. Part of the problem was a stronger Retail Sales report this morning, which had a surprisingly clear[…]

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Low Rates Will Face More Volatility Risk in Coming Weeks

Posted To: Mortgage Rate Watch Yesterday, we discussed why rates are not actually at all-time lows. But rates are whatever they are. They’re relation to previous lows doesn’t really matter at the end of the day. Do you benefit from refinancing? Can you afford your new purchase payment? Great! Don’t[…]

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Pandemic Throwing Millions into Rent, Mortgage, and Student Loan Peril

Posted To: MND NewsWire The pandemic is endangering the credit histories of at least 30 million Americans and possibly threatening the shelter status of many of them. The Mortgage Bankers Associations’ (MBA’s) Research Institute for Housing America (RIHA) said on Friday that over 6 million households missed making rent or[…]

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