MBS RECAP: Tame, Abbreviated Trading Session Leaves Gains Largely Intact

Posted To: MBS Commentary Today's headline could just as easily serve as the entire recap. By the time we get past the fact that Durable Goods came out much weaker than expected, there really weren't too many moving parts to today's trading session. In fact, the absence of movement following the Durable Goods data was […]

Rates Are Back to Lowest Levels in More Than a Year

Posted To: Mortgage Rate Watch Mortgage rates fell again today as mortgage lenders got caught up with yesterday’s market movements. Mortgage rates are based on bond market trading levels, but mortgage lenders only adjust rates once per day unless there’s quite a bit of movement. Yesterday saw such movement, and in those cases, lenders typically […]

Digital, U/W, Recruiting Products; Workflow Automation Survey

Posted To: Pipeline Press The Memorial Day weekend… Wasn’t it just Christmas? Let’s wrap up what’s on the front burner for execs at the MBA’s Secondary Conference as we see the trade-war driven low rates of 2019. Yes, MLO compensation and licensing is an “issue.” When asked about the status of MLOs being able to […]

MBS Day Ahead: Bonds Attempt to Hold Gains As Markets Close Early for Memorial Day Weekend

Posted To: MBS Commentary In the day just past, both stocks and bonds too part in a big risk-off trading pattern (stock prices and bond yields moving lower). Inspiration came from general trade war fallout, concerns over British political upheaval, and especially weak Markit PMI readings. We can also assume the skids were greased by […]

MBS RECAP: Bottom Falls Out For Both Stocks and Bonds

Posted To: MBS Commentary Both stock prices and bond yields moved sharply lower today for a combination of reasons. Trade tensions are ongoing, with visible effects being increasingly noted. British politics are also weighing on markets with Theresa May likely leaving office within the week. Most obviously today, the Markit manufacturing and non-manufacturing PMIs suggested […]

New Home Sales End Three-Month Winning Streak, Still Up from 2018

Posted To: MND NewsWire After three straight months of gains, April’s new home sales were expected to give back a little and they did. The U.S. Census Bureau said sales of newly constructed homes were at a seasonally adjusted annual rate of 673,000 units, a 6.9 percent decline from March. The retrenchment was made even […]

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