September2021

Who's Lying About The Spike in Mortgage Rates?

Posted To: Mortgage Rate Watch As recently as Thursday, news outlets were reporting mortgage rates had only risen modestly this week with 30yr fixed rates still well under 3.00%. In fact, they were already well over 3.00% by then. So who’s lying to you? Perhaps no one! Thursday’s news fell[…]

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MBS RECAP: Range Breakout or New Trend Channel?

Posted To: MBS Commentary Range Breakout or New Trend Channel? It was an interesting trading session in the bond market as Treasury yields closed at their weakest levels at the same time that MBS were at their strongest levels. This uncommon scenario was made possible by a combination of previous[…]

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MBS Morning: The Breakout is Here. What Now?

Posted To: MBS Commentary As early as 4 months ago, we'd been eyeing late September as do or die time for the low rate environment. By early September, we had a very clear picture of the consolidation pattern in rates and very clear notion of this week's Fed announcement serving[…]

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New Home Sales Recovery Continued in August

Posted To: MND NewsWire Sales of newly constructed homes performed better than expected in August but remain well behind the pace set in August 2020. The U.S. Census Bureau and Department of Housing and Urban Development say that sales during the month were at a seasonally adjusted annual rate of[…]

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MLO Jobs; Whole Loan Trading, Servicing, Digital, Jumbo, Automation Products; Conforming Conventional Updates

Posted To: Pipeline Press First off, my apologies to Ernest Hemingway whose name I mistakenly wrote as “Earnest.” Thank you to those who pointed that out. Second… Okay… I see my share of clever and funny videos. But this one is a “must watch,” superb and short, about adults returning[…]

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Mortgage Rates Are Actually MUCH Higher This Week

Posted To: Mortgage Rate Watch Mortgage rates jumped substantially higher today as global markets reacted to yesterday’s Fed announcement. But that’s really just scratching the surface. The Fed is a convenient talking point because simply due to timing and the absence of another obvious, singular source of inspiration. It’s entirely[…]

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First-Time Buyer Share Slips as Prices Rise for 114th Month

Posted To: MND NewsWire Existing home sales ended two months of gains in August, falling 2.0 percent on a seasonally adjusted basis from the previous month. The National Association of Realtors® (NAR) said preowned single-family homes, townhomes, condominiums, and cooperative apartments sold at an annual rate of 5.88 million units[…]

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Foreclosure Starts Rise Following Moratorium Expiration

Posted To: MND NewsWire Delinquencies hit a new post-pandemic low in August as the national delinquency rate fell by 84,000 loans or 3.48 percent compared to July. It was 41.84 percent below the level in August of 2020. Black Knight, in its “first look” at the months loan performance data,[…]

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Underwater Homeowners Effectively Bailed-Out By Equity Surge

Posted To: MND NewsWire Homeowner equity grew $2.9 trillion nationwide from the second quarter of 2020 to the same quarter this year. CoreLogic’s Homeowner Equity Report shows U.S. homeowners who have mortgages (which account for roughly 63 percent of all residential properties) saw their equity increase by 29.3 percent over[…]

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MBS RECAP: What's Up With Today's Big Sell-Off?

Posted To: MBS Commentary What's Up With Today's Big Sell-Off? It's not nearly as surprising to see bond yields breaking technical ceilings today as it was to see them bouncing at a technical floor yesterday. By confirming the taper timeline, the Fed effectively stood aside and allowed nature to take[…]

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