Mortgage News Daily

Mortgage News Daily

Mortgage Rates Super Flat So Far This Week

By Matthew Graham Posted To: Mortgage Rate Watch After quite a bit of volatility and a move up to 7-year highs last week, mortgage rates have managed to avoid any semblance of drama so far this week. In fact, each of the past 2 days has seen the average lender keep 30yr fixed rates perfectly in-line with Friday’s latest levels. …

Read More »

Increasing Number of Homes Built as Rental Property

By Jann Swanson Posted To: MND NewsWire As if the new home inventory wasn’t tight enough, the National Association of Home Builders (NAHB) say a higher proportion of those homes are being built as rentals rather than owner occupancy . Robert Dietz, writing in NAHB’s Eye on Housing blog says the numbers are small, but the increase has continued for …

Read More »

Nullification of Auto Loan Rule Has Broad Implications

By Jann Swanson Posted To: MND NewsWire It only impacts auto lending, but if Mick Mulvaney, acting director of the Consumer Financial Protection Agency (CFPB) keeps his word, a Congressional resolution signed by the President on Monday is likely to have an eventual impact on mortgage and other lending as well. The Joint Resolution, S.J. Res. 57, sponsored by Senator …

Read More »

MBS Day Ahead: The Biggest Risk to Fledgling Bond Bounce

By Matthew Graham Posted To: MBS Commentary Today begins the 3rd day where US Treasuries aren’t imploding after hitting 7 year highs last Thursday. At this point, we might consider the resilience to be some sort of fledgling bounce attempt, even though we can continue to be concerned about technical floors (discussed here ). But let’s say that 3.06% is …

Read More »

Lender Products; State-Level Changes; Does the Yield Curve Matter?

By Rob Chrisman Posted To: Pipeline Press The U.S. mortgage industry likely recorded an operating loss in the first three months of 2018 due to falling loan volumes and growing expenses, the Mortgage Bankers Association’s chief economist, Michael Fratantoni, said yesterday here in New York. On a personal note, I know many owners and CEOs of residential lenders, however, and …

Read More »

MBS RECAP: Bond Yields Struggle to Break Last Week's Floor

By Matthew Graham Posted To: MBS Commentary There were no significant economic reports or events today, and only a few newsworthy developments. The biggest of these also happened the earliest (yesterday night, in fact) when the White House announced the suspension of certain tariffs on China. Stock futures liked the news (after all, the threat of a trade war has …

Read More »

Mortgage Rates Unchanged to Begin Week

By Matthew Graham Posted To: Mortgage Rate Watch Mortgage rates held steady today, which is better than what could be said for most of last week when rates shot up to the highest levels in 7 years. Friday was the only day of improvement, but it was scarcely enough to undo the damage from the previous 4 days. That said, …

Read More »