Tuesday , 18 December 2018

Mortgage News Daily

Mortgage News Daily

A Positive Housing Report? November Residential Construction Changes Course

By Jann Swanson Posted To: MND NewsWire Residential construction performed an abrupt and unexpected about face in October. Permits, housing starts, and completions all improved on a month-over-month basis and, except for completions, they were not token increases. The gains however did all come from the multifamily sector, single-family activity remained weak. Permits for privately owned housing units were issued …

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MBS Day Ahead: Bonds Running Into Same Rate Floor Ahead of Fed

By Matthew Graham Posted To: MBS Commentary Fed day tomorrow! We’ll finally get to see what’s what with respect to recent speculation and a factual shift in tone from several Fed members (including Powell). But we have a day and a half of trading to get through before that happens. As today’s trading ramps up, we’re seeing starkly clear confirmation …

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Banks Buying Lenders and Other Banks, Report on Merger Activity; Capital Markets Update

By Rob Chrisman Posted To: Pipeline Press “Rob, I’m no stranger to bribes.” (I am not going to say which mortgage banking production manager jokingly made that tongue-in-cheek statement.) We trust that Fed officials are not subject to bribes or political influences. A poll of 60 economists shows an almost unanimous expectation that the Federal Reserve will announce an interest-rate …

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MBS RECAP: Stock Sell-Off Makes Strong Case For Bond Consolidation

By Matthew Graham Posted To: MBS Commentary Just when you thought we might be done talking about “consolidations,” there’s that word again! I’d suggested on Friday that the modest bond market gains helped to confirm a consolidation as opposed to a correction, with the recent yield highs of 2.92% acting as the dividing line. With Friday closing just under 2.90%, …

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Mortgage Rates Little-Changed Despite Market Gains

By Matthew Graham Posted To: Mortgage Rate Watch Mortgage rates were fairly flat yet again today. Unlike Friday, today’s market movement made a case for a bit of a drop. “Market gains” mean different things when talking about bonds/rates (as opposed to stocks). In today’s case, bond markets improved while stocks lost ground. In fact, the pace at which stocks …

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