mortgageleadnet

MBS RECAP: Big Risks Ahead For Rates and Some Solid Opporunities Right Now

Posted To: MBS Commentary Big Risks Ahead For Rates and Some Solid Opporunities Right Now Treasury yields broke one important ceiling yesterday (.74%) and another today at .79% before finding support at .823%. This leaves them at the highest levels since late March and in danger of moving higher. Mortgage[…]

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Mortgage Rates Not Panicking Yet, But That Could Always Change

Posted To: Mortgage Rate Watch Mortgage rates are directly tied to the bond market. This isn’t too much of a surprise considering pretty much anything with an interest rate can be traced back to the bond market. Mortgages are especially relevant though, considering they comprise a very large dollar amount[…]

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Pandemic's Disproportionate Effects on Housing Supply, Affordability

Posted To: MND NewsWire The Urban Institute says that homes categorized as low priced, that is in the bottom 20 percent of the distribution, appreciated 126 percent between the turn of the century and the end of 2019. During that same 20-year period, those in the top 20 percent of[…]

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MBS Day Ahead: Another Chance to Defend The Range

Posted To: MBS Commentary Yesterday's econ data caused a stir in the bond market, forcing yields to break above a key ceiling at .74%. Can they make it back below that ceiling today or will things go from bad to worse with a break of the next important ceiling at[…]

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Broker, Doc Products; Customer Experience Study; Correspondent Changes

Posted To: Pipeline Press Yesterday afternoon my cat Myrtle was watching me mop the kitchen floor. (Hey, it’s not going to mop itself, right? And it is mildly amusing to use certain products – insert slogan contest here for 4 th grade humor.) While toiling, besides thinking about how much[…]

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Rough Day For Mortgage Rates

Posted To: Mortgage Rate Watch Mortgage rates were decisively higher today as the bond market lost ground due to surprisingly strong economic data. Mortgage rate movement is mainly a factor of mortgage bond prices. In turn, mortgage bonds tend to move in broadly the same direction as the US Treasury[…]

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MBS RECAP: Bonds Suddenly Wondering if They've Been Too Gloomy on The Economy

Posted To: MBS Commentary Econ Data Causing Bonds to Reconsider Commitment to Super Low Yields Bonds haven't been interested in econ data because none of it has had the ability to tell much of a story. Today's ADP Employment report is arguably an exception as it was staggeringly stronger than[…]

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Subservicing, VA IRRRL, Workflow products; Wholesalers Shifting Product Gears

Posted To: Pipeline Press From the Bay Area Marcus L. writes, “I miss the days when Tiger King was the most controversial thing going on.” Everything is a controversy these days, including where the real estate market is heading. Supply is limited, demand is decent, case closed. Things are re-opening,[…]

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MBS Day Ahead: How Data Can Move Markets Even When It's Not Supposed To

Posted To: MBS Commentary It's the first Wednesday of the month and thus time for ADP Employment data. The stated intention of this report is to predict the final revision of the official nonfarm payroll (NFP) count in the big jobs report that follows 2 days later. Because of its[…]

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Falling Mortgage Rates Boost Purchase Apps 18% YoY

Posted To: MND NewsWire Refinancing volume continued to slide but purchase mortgage activity partially compensated during the holiday shortened week that ended May 29. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan application volume, decreased 3.9 percent on a seasonally adjusted basis from[…]

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