August2021

MBS RECAP: Weaker Data Offset by European Tapering Fears

Posted To: MBS Commentary Weaker Data Offset by European Tapering Fears Bonds improved after weaker economic data this morning. Traders keyed in on internal components of the Chicago PMI report and concluded some labor market weakness could spill over to the week's forthcoming employment reports. But hawkishness from the European[…]

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Mortgage Rates Drift Up From Recent Lows

Posted To: Mortgage Rate Watch Mortgage rates were unchanged to slightly higher today, depending on the lender. The differences in pricing strategies stem from the timing of changes in the bond market. Mortgage lenders set their rates based on the prices of mortgage-backed securities (MBS), which change constantly throughout the[…]

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MI, MLO Jobs; Fee Collection, MLO CE, Marketing, Sales, UW Tools ; FHA, USDA, Ginnie, VA Changes

Posted To: Pipeline Press I received some exciting news that I wanted to share with my readers. I received an invitation from a mortgage periodical to receive an award, if I paid $500, as one of the Top 10 lenders in Natrona County, Wyoming, which includes Casper. My guess is[…]

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Home Prices Continue Runaway Gains, More Double-Digit Growth in June

Posted To: MND NewsWire Annual price gains remained at a double-digit pace in June. Both The S&P CoreLogic Case-Shiller indices and the Federal Housing Finance Agency’s (FHFA’s) House Price Index (HPI) showed further acceleration in the rate of increase. The growth rate in most of the Case-Shiller indices approached 2[…]

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MBS Day Ahead: Data Matters, But So Does Europe

Posted To: MBS Commentary Tuesday morning wasted no time in confirming the relevance of economic data to the current bond market environment. When Chicago PMI came out weaker than expected (and with components that suggested a bleaker labor market picture on "jobs week"), bonds immediately responded with a decent little[…]

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Investor Share of Home Purchases in Decline

Posted To: MND NewsWire In a report released on Monday, CoreLogic recaps investor activity in the housing market over the last decade. Its Investor Homebuying Report highlights purchase trends nationally by both investor size and the price tier of property purchased between 2011 and 2020. The report says, at the[…]

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MBS RECAP: Jackson Hole Follow Through Helps Bonds Hold The Range

Posted To: MBS Commentary Jackson Hole Follow Through Helps Bonds Hold The Range Bonds were at the top of their recent range last Friday, but buyers emerged after Powell's Jackson Hole Speech. The new week brought a gentle but obvious version of the same trade as both stocks and bonds[…]

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Mortgage Rates Fall Back to 3 week Lows

Posted To: Mortgage Rate Watch Mortgage rates drifted lower again today, with the average lender getting back down to the lowest levels since the first week of August. In a general sense, today’s friendly rate momentum represented follow-through momentum after Fed Chair Powell soothed the market on Friday morning. Both[…]

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Inventories Continue to Constrain Home Purchase Activity

Posted To: MND NewsWire While existing home sales have increased in the last two months after a four-month slump, those sales don’t look especially bright as we head into the fall and winter doldrums. The National Association of Realtors® (NAR) says pending home sales dipped modestly in July, following a[…]

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GSEs Outline Available Hurricane Ida Relief

Posted To: MND NewsWire Both Fannie Mae and Freddie Mac (the GSEs) have told their borrowers and mortgage servicers that they are offering immediate relief options to those affected by Hurricane Ida . The assistance is available to homeowners financed by either GSE whose homes or places of employment located[…]

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