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MBS RECAP: Range Trading Settling in For Long(er) Haul

Posted To: MBS Commentary Range Trading Settling in For Long(er) Haul With no significant bond market volatility in response to this week's Fed announcement. The question of "where do we go now" remains. The answer remains as well. Until further notice, it's "sideways!" Econ Data / Events 20min of Fed[…]

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Here's What The Fed's 0% Rate Outlook Means For Mortgages and Housing

Posted To: Mortgage Rate Watch Mortgage rates are most influenced by the bond market and the bond market is most influenced by the Federal Reserve (aka “The Fed”). So when the Fed says it expects rates to be “zero” at least until the end of 2023, does the same go[…]

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Refis Increased Slightly in August, FICO Scores Highest This Year

Posted To: MND NewsWire The refinance share of loans originated in August rebounded slightly from July levels as interest rates fell to the lowest in Ellie Mae’s history. The company’s Origination Insight Report says the average rate on all loans fell to 3.09 percent during the month, down from 3.24[…]

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Forbearance Plan Count Continues to Shrink

Posted To: MND NewsWire There was a fourth straight decline in the number of mortgage loans in forbearance during the week ended September 15. Black Knight says the total dropped by 26,000 or 0.7 percent to an estimated 3.7 million loans. That is down 22 percent from the peak of[…]

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Fewer Homes Being Flipped, But Profits Are Up

Posted To: MND NewsWire One out of every 15 home sales in the second quarter of the year were defined as “flips” by ATTOM Data Solutions. A flip is any arms-length transaction that occurred in the quarter where a previous arms-length transaction on the same property had occurred within the[…]

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eClosing, Compliance, IRRRL Products; Plethora of Disaster Policy News; Rates Hardly Budging

Posted To: Pipeline Press Before the pandemic I used to spin that toilet paper roll like I was on Wheel of Fortune. In March and April I turned it like I was cracking a safe. Now things are back to normal, and the toilet paper area at Costco isn’t the[…]

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MBS Day Ahead: Running Out of Ways to Say "Sideways"

Posted To: MBS Commentary Tossed coconut salad… Fresh coconut milk… New England boiled coconut… There were only so many menu choices for Yosemite Sam working with one ingredient. We're in a somewhat similar position over the past month with nothing to observe apart from a range-bound bond market. But whereas[…]

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Mortgage Rates Vary Widely–Nothing To Do With The Fed

Posted To: Mortgage Rate Watch Yesterday’s policy announcement from the Federal Reserve had a chance to cause significant volatility for the bond market and the bond market is the chief ingredient in the mortgage rate equation. But this time around, the Fed didn’t cause a measurable reaction in the mortgage[…]

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MBS RECAP: Still Waiting on Bonds to Attempt a Range Breakout

Posted To: MBS Commentary Still Waiting on Bonds to Attempt a Range Breakout Yesterday's Fed announcement managed to deliver the bare minimum of the market's expectations and underdeliver on fairly reasonable hopes. That resulted in a logical protest from both stocks and bonds. This carried over into today, but bonds[…]

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MBS Day Ahead: Markets Debating Next Move After Fed; Update on Mortgage Spreads

Posted To: MBS Commentary Yesterday's Fed announcement managed to deliver the bare minimum of the market's expectations and underdeliver on fairly reasonable hopes. That resulted in a logical protest from both stocks and bonds. Each had walked their own cautious path leading up to the Fed. Bonds were definitely sideways.[…]

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