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MBS RECAP: Bonds Defend New Territory

Posted To: MBS Commentary Bonds Defend New Territory Now that bonds have broken through previous resistance levels (.58 in 10yr yields and 103.00 in 2.0 UMBS), what comes next? Rather than look for fast-paced follow-through, it would be enough of a victory to merely see bonds maintain these newly acquired[…]

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Construction Spending Largely Unchanged as Shutdowns End

Posted To: MND NewsWire Construction spending held firm in June, inching down fractionally from the May level and increasing a bit compared to June 2019. The U.S. Census Bureau said total spending during the month was at a seasonally adjusted annual rate of $1.355 trillion, down 0.7 percent from the[…]

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MBS Day Ahead: Bonds Defend New Territory

Posted To: MBS Commentary Now that bonds have broken through previous resistance levels (.58 in 10yr yields and 103.00 in 2.0 UMBS), what comes next? Rather than look for fast-paced follow-through, it would be enough of a victory to merely see bonds maintain these newly acquired levels. Today we'll discuss[…]

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More Evidence of Strength in Housing as GDP Tumbles

Posted To: MND NewsWire The National Home Builders Association (NHBA) has been saying since the COVID-19 virus first began to ravage the economy, that it might be housing that would drive the eventual recovery. Now they have some real evidence. The record setting 32.9 percent second quarter decline in the[…]

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Housing Affordability Best in Four Years, Purchase Rate Locks Surge

Posted To: MND NewsWire The last report from Freddie Mac put its 30-year fixed rate mortgage (FRM) at 2.99 percent, up 1 basis point from the all-time low. Black Knight, in its new Mortgage Monitor , says that has made home affordability the best in four years. As of mid-July,[…]

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More Home Buyers are in the Market, but Shopping Takes Longer

Posted To: MND NewsWire In the second quarter of 2020, 11 percent of American adults were planning on purchasing a home over the next 12 months, and of those, almost half were actively engaged in doing so. Rose Quint, writing in the National Association of Home Builders’ (NAHB’s) Eye on[…]

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LO Jobs; Fraud, Retention, Legal Products; August Training and Events

Posted To: Pipeline Press Remember a month ago, heading into the July 4th weekend, a resurgence of Covid-19 cases (which many officials attributed to large Memorial Day gatherings) resulted in mask-wearing mandates as well as rollbacks and delays in phased reopening plans. (Speaking of the virus, we wish loanDepot’s Anthony[…]

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MBS RECAP: All-Time Levels All Around. Here's How To Play It

Posted To: MBS Commentary All-Time Levels All Around. Here's How To Play It Another day, another opportunity for MBS prices to hit record highs and rates to–well… rates are just sort of kicking around a piece of ground in their home town (at all time lows), but notably, they're not[…]

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Should You Wait For Lower Rates?

Posted To: Mortgage Rate Watch Mortgage rates have fallen more aggressively than ever and they’ve been remarkably willing to set record after record. So is there any reason you shouldn’t wait for them to go even lower? This is an age old question any time rates fall to long-term lows.[…]

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FHA/VA Forbearances Continue to Climb

Posted To: MND NewsWire As of Wednesday, there were 4.102 million mortgages in forbearance plans. This is 7.7 percent of the 53 million loans in servicer portfolios. Black Knight said its weekly survey noted a 17,000-loan decrease in total forborne loans over the previous week. What remains represents $879 million[…]

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