Mortgage Rates Off Recent Lows

Posted To: Mortgage Rate Watch Mortgage rates moved slightly higher over the past two days as strong economic data and corporate earnings coaxed investors into riskier assets like stocks. Bonds (which dictate interest rates) are always being bought and sold, but demand varies depending on investors’ risk appetite. If demand for bonds falls as it […]

Markets Wrapping Things Up Ahead of Long Weekend

Posted To: MBS Commentary Sometimes the market moves in clear response to a headline event or the scheduled release of an economic report. We have clear examples of this recently. last week's Iran-related escalation (and de-escalation) had massive and immediate impacts that lined up perfectly with key events in the news. This week's most noticeable […]

December’s Housing Starts Surged to 13-Year High

Posted To: MND NewsWire While permits fell from the previous month, the U.S. Census Bureau and the Department of Housing and Urban Development said December was another exceptional month for residential housing starts. Those starts soared to a seasonally adjusted annual rate of 1,608,000 during the month, a 16.9 percent increase from November’s estimate which […]

Renovation Products; CEOs Can’t Ignore LIBOR Transition; Cap. Markets

Posted To: Pipeline Press I’ve gotta hand it to those writers who put out listings for real estate agents. Maybe if I had a bunch of money I could live in a “secluded retreat” or an “enchanted villa.” I have never lived in a place described as a “retreat,” having stunning or remarkable views or […]

MBS Day Ahead: Robust Day of Econ Data and Corporate Earnings

Posted To: MBS Commentary Bonds continue to be well-contained by the prevailing consolidation range–a series of higher lows and static highs that's been in place in its current form since mid October. A big break outside that range could serve as a cue for sustained momentum in the direction of the break. Think of such […]

HUD Jobs; Borrower Satisfaction Report; Vendor News and Updates

Posted To: Pipeline Press For folks who like numbers and trends, according to the U.S. Census Bureau’s national and state population estimates released in December, 42 states and the District of Columbia had fewer births in 2019 than 2018. Natural increase, or when the number of births is greater than the number of deaths, dropped […]

MBS RECAP: Most Interesting Part of Today is That it Comes Just Before Tomorrow

Posted To: MBS Commentary Today marked a rare mid-week "total dud" in terms of bond market momentum developments. This was made all the more striking by the fact that bonds certainly COULD have developed some sort of reaction strategy based on the particulars of the US/China trade deal signing (it included several new clarifications on […]

Mortgage Rate Volatility Still a No-Show For 2020

Posted To: Mortgage Rate Watch Mortgage rates improved modestly today, adding to yesterday’s slightly less compelling improvement. Taken together, they keep an air of calm and steady progress intact during a week that ran the risk of stumbling across volatility. One of the key sources of potential volatility was today’s signing of the US/China “phase […]

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