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Real Estate News
Mortgage Rates Continue Much-Needed Recovery
Wed, 13 Nov 2019 22:44:00 GMT

Posted To: Mortgage Rate WatchMortgage rates have been more willing to move higher than lower recently. While that may continue to be the case in the near-term future, there have been pockets of resistance to that trend. The first 2 days of this week..[read more]

MBS Day Ahead: Bonds Fight Back, But This is Still 'Bearish Limbo'
Wed, 13 Nov 2019 15:03:29 GMT

Posted To: MBS CommentaryThe most defining moment of the big 2019 bond rally was undoubtedly the August 1st tariff announcement and the resulting massive reaction in both yields and volumes. The 2 weeks that followed represented the market's atte..[read more]

Underwriting, Broker, ECOA, Free LPMI Products; Fire AND Flood Updates
Wed, 13 Nov 2019 13:57:43 GMT

Posted To: Pipeline PressI continue to see headlines as I head to balmy Kansas today. There was, “A Court Ruling Makes Mortgages Vanish Into Thin Air.” This is a headline no lender wants to see, but apparently this court decision might ch..[read more]

Access to Conventional/Jumbo Credit Increased in October
Wed, 13 Nov 2019 13:35:24 GMT

Posted To: MND NewsWireAccess to government loans continues to decline, but conventional and jumbo loans picked up the slack in October, pushing the Mortgage Credit Availability Index (MCAI) higher. The Mortgage Bankers Association (MBA) said the Ind..[read more]

Consumers Shaky Again on Whether it's a Good Time to Buy
Wed, 13 Nov 2019 13:26:52 GMT

Posted To: MND NewsWireOnce again the "Good Time to Buy" component of Fannie Mae's Home Purchase Sentiment Index (HPSI) is on the decline. Net positive answers to that question fell by 7 percentage points in October , helping to drag the entire index..[read more]

Mortgage Applications Hit Recent Highs
Wed, 13 Nov 2019 13:07:13 GMT

Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) said application activity during the week ended November 8 was the strongest since late September , with both purchasing and refinancing indices posting gains. MBA's Market Composite Index..[read more]

MBS RECAP: Range-Bound Volatility as Bonds Respond to Corporate Issuance
Tue, 12 Nov 2019 22:01:16 GMT

Posted To: MBS CommentaryThere are all kinds of bonds out there. We follow the 10yr Treasury even though this is a mortgage-specific site for reasons outlined here . Beyond Treasuries and MBS, there is also a fairly substantial market for corporate b..[read more]

Mortgage Rates Avoid More Pain, Even if Only For Today
Tue, 12 Nov 2019 22:00:00 GMT

Posted To: Mortgage Rate WatchMortgage rates had a bad October . November hasn't exactly been great either, with last Thursday being one of the worst days of the year in terms of day-over-day jumps in rates. In addition to the abrupt move, last week'..[read more]

NAR Addresses Cybersecurity, Says Take Precautions
Tue, 12 Nov 2019 16:10:20 GMT

Posted To: MND NewsWireA securities expert told an audience at the National Association of Realtors' (NAR's) annual conference that cybercrimes against real estate agents and companies are increasing at a record-setting pace. Robert Siciliano, CEO of..[read more]

MBS Week Ahead: Bonds Staging at 2019's Most Important Crossroads
Tue, 12 Nov 2019 14:44:53 GMT

Posted To: MBS Commentary1.90% has been the most important, most dangerous ceiling for 10yr Treasury yields ever since a nasty selling spree stalled out there exactly 2 months ago. We'd been able to avoid an outright confrontation until last week..[read more]

Compensation, Sales, Underwriting Tools; Tariffs, Trade, and Rate Primer
Tue, 12 Nov 2019 13:38:30 GMT

Posted To: Pipeline PressEveryone has a different opinion about the economy. “Nobody’s right, if everybody’s wrong” or “Everybody’s right (eventually), if nobody’s wrong.” How many times do we hear, &ld..[read more]

Mortgage Rates Holding Near 3-Month Highs
Fri, 08 Nov 2019 21:17:00 GMT

Posted To: Mortgage Rate WatchMortgage rates launched to their highest levels in more than 3 months yesterday for a variety of reasons. Chief among them was a series of comments from both China and the US about the intent to cancel previously announc..[read more]

Housing Affordability at Best Levels in Three Years
Fri, 08 Nov 2019 19:01:40 GMT

Posted To: MND NewsWireOne year after hitting a ten-year low, housing affordability has risen to its highest level in three years. Rose Quint, writing in the National Association of Home Builders Eye on Housing Blog , says 63.6 percent of new and exi..[read more]

NAR Survey Shows Buyers are Increasingly Older, Less Married
Fri, 08 Nov 2019 17:12:50 GMT

Posted To: MND NewsWireThe share of first-time buyers remains well below historic levels according to the National Association of Realtors' ® (NAR's) 2019 Profile of Home Buyers and Sellers, and those who do buy frequently need financial assistan..[read more]

MBS Day Ahead: Lowered Expectations
Fri, 08 Nov 2019 14:12:57 GMT

Posted To: MBS CommentaryIf you don't expect anything good to happen for the bond market for the next few months, I guarantee you won't be disappointed. If, however, you expect to see a normal amount of resilience and a continued willingness ..[read more]

Sales, Audit Tools; Vendors Raising Funds; 10-year Yield's 3 month, 50 bp Move
Fri, 08 Nov 2019 13:37:16 GMT

Posted To: Pipeline PressAs rumors swirl about Michael Bloomberg entering the race for president, MLOs are winding down for the year (a few have written to me saying that, after a solid November and 2019, they’ll be coasting during December and..[read more]

Disaster Aftermath Can Make Losses Worse
Fri, 08 Nov 2019 13:04:44 GMT

Posted To: MND NewsWireThe storm is over, the fires are out, but anyone who has survived a natural disaster, and that is more of us every year, knows that the problems are just beginning. A new report by CoreLogic looks at how a demand surge sparked ..[read more]

MBS RECAP: Big Bad Day; Yes, Trade Headlines Still Matter
Thu, 07 Nov 2019 23:21:48 GMT

Posted To: MBS CommentaryIt was a big, bad day for the bond market, although the size of the thing ended up getting pared down just a bit in the afternoon. Chalk that up to a counterpoint headline that pushed back against the narrative created by the..[read more]

Mortgage Rates Blasted by Trade Deal Progress
Thu, 07 Nov 2019 22:29:00 GMT

Posted To: Mortgage Rate WatchMortgage rates surged higher at a rapid pace for the second time this week. Taken together, the jump is the biggest of its kind since the big rate spike in September, and one of only a handful of weeks in the past 3 year..[read more]

Affordability Improves Even as Appreciation Accelerates
Thu, 07 Nov 2019 16:29:55 GMT

Posted To: MND NewsWireAre home price increases cranking up again? The quarterly report from the National Association of Realtors® (NAR) on existing home sales and metropolitan home prices seem to indicate that is the case. NAR says that the over..[read more]

MBS Day Ahead: Rising Rate Risks Are Officially Getting Serious
Thu, 07 Nov 2019 15:37:08 GMT

Posted To: MBS CommentaryYesterday brought a brief reprieve for bonds after the first 2 days of the week threatened to confirm a big picture shift toward higher rates (or at least to build a case for such things). But much like the brief rally in the..[read more]

Appraisal, DPA, Broker, Condo Products; Legal, Settlement News
Thu, 07 Nov 2019 14:00:37 GMT

Posted To: Pipeline PressThanksgiving will be here before you know it, and with it, pumpkin pie. (Yes, I know that this is a mortgage commentary, but even pumpkins have their share of regulation and controversy, a lead in to mortgage legal issues bel..[read more]

MBS RECAP: Bond Buyers Making a Case or Just a Fluke?
Wed, 06 Nov 2019 22:31:27 GMT

Posted To: MBS CommentaryToday's 10yr Treasury auction brought strong demand . Across the board, the auction stats were much stronger than expected. The only real problem was that the awarded yield was the highest of any 10yr auction since July, ..[read more]

Mortgage Rates Trying to Find a Ceiling
Wed, 06 Nov 2019 22:12:00 GMT

Posted To: Mortgage Rate WatchMortgage rates were sharply higher yesterday , but managed to reverse course and make some gains today. The refreshing part of the improvement was that the bond market (which underlies rates) was already holding its grou..[read more]

Fewer Homeowners Carry Housing Cost Burdens than Pre-Recession
Wed, 06 Nov 2019 16:08:10 GMT

Posted To: MND NewsWireIt may come as a surprise to some, but the Census Bureau says the housing cost burden for homeowners has been getting lighter. The Bureau's American Community Survey (ACS) found fewer households are carry excessive costs than b..[read more]

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