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Real Estate News |
Rates are Applying the Brakes to Appreciation.
Wed, 06 Jul 2022 15:52:06 GMT
The two-year explosion in home prices appears to be cooling a bit. Black Knight says annual appreciation was down in May for the second straight month. But has the damage already been done? The company, in its May Mortgage Monitor , notes that annu..[read more]
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Appraisal, Sales, Jumbo and Non-QM Products; Training and Events in July; Rates and Recession Fears
Wed, 06 Jul 2022 14:55:19 GMT
"I'm a multitasker. I can listen, ignore, and forget all at the same time!' We won't, however, soon forget this part of the business cycle. "Rob, thank you for all your help placing ads for Ops staff for us. With the 'Work from Home' movement, and cu..[read more]
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Mortgage Apps Pull Back Despite Lower Interest Rates
Wed, 06 Jul 2022 14:48:41 GMT
Mortgage application activities declined during the week ended July 1 after three straight weeks of improvement. The Mortgage Bankers Association (MBA) said many businesses closed early last Friday in anticipation of the long Independence Day weeken..[read more]
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Beware The Bounce
Wed, 06 Jul 2022 14:41:03 GMT
The 2nd half of the last 2 months has been good for the bond market, as long as you're willing to overlook the fact that both multi-week rallies required new long-term high yields as a set-up. Bigger buying sprees beget corrections, and if May'..[read more]
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Mortgage Rates Hold Mostly Steady at Recent Lows
Tue, 05 Jul 2022 20:14:26 GMT
Mortgage rates hit 5.5% last Friday for the top tier conforming 30yr fixed scenario at the average lender. That was the lowest since June 8th, just before the fateful CPI inflation data that kicked off a run to the highest rates in more than ..[read more]
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Strong Start Balanced by Potential Resistance
Tue, 05 Jul 2022 19:36:43 GMT
Strong Start Balanced by Potential Resistance Bonds rallied early in the domestic session and again heading into the noon hour before finally giving up a portion of the gains heading into the PM hours. A st..[read more]
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Warehouse, Customer Service, HELOC Products; Disaster News and NFIP Primer
Tue, 05 Jul 2022 15:34:15 GMT
"What do you get when you cross the Atlantic Ocean with the Titanic? Halfway.' We've crossed the halfway point of 2022, and where's everyone's attention? As always, lenders offer product, service, and price. Cheap HELOCs, 2nds, down payment assistanc..[read more]
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Bonds Begin NFP Week Near Best Levels in a Month
Tue, 05 Jul 2022 13:47:11 GMT
Inflation fear/optimism vs global growth concerns... that is the headline at the moment--not just for the domestic bond market, but for the entire global market in general. EU and US inflation data (on May 31st and June 10th respectively) led 3..[read more]
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Rates Plummet to 3 Week Lows. Has The Corner Been Turned?
Fri, 01 Jul 2022 21:18:06 GMT
Mortgage rates have been volatile in 2022. Most of that volatility has played out in the form of higher rates. The past 2 weeks have been a notable exception. To understand why this is happening, we first need to consider that higher inf..[read more]
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Big Gains Intact After Huge Intraday Swings
Fri, 01 Jul 2022 21:17:02 GMT
Big Gains Intact After Huge Intraday Swings Bonds had 3 fewer hours to trade on Friday, but ended up covering by far the most ground of any day this week. The rally was extreme in the moments following the ..[read more]
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