Saturday , 21 October 2017

Mortgage News Daily

Mortgage News Daily

MBS RECAP: "Totally Expected" Budget Bill Shocks Markets

By Matthew Graham Posted To: MBS Commentary There’s a good video in the news stream with Austan Goolsbee going on a bit of rant about how the Senate’s procedural vote on a budget resolution late last night was totally expected. Someone should have told financial markets ahead of time. Traders speak with dollars and their words were clear in response …

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Mortgage Rates Rocked (Relatively) By Tax Plan Optimism

By Matthew Graham Posted To: Mortgage Rate Watch Mortgage rates moved higher today as financial markets grew more optimistic about the potential for tax reform. Late last night, the Senate passed a resolution that included language designed to make tax reform legislation easier to pass. In a nutshell, it means the Senate only needs 51 votes as opposed to 60 …

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Consumers: On-Line Mortgage Info Convenient, not Trustworthy

By Jann Swanson Posted To: MND NewsWire While it sometimes seems as though Americans live online, there is still apparently one area where they still value human contact. A recent survey conducted by Fannie Mae found borrowers continue to put a lot of trust in their real estate agent and their mortgage lender. The survey, conducted with borrowers who had …

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Existing Sales Beat Forecast Despite Taking a Hit From Hurricanes

By Jann Swanson Posted To: MND NewsWire It was only a small gain , albeit larger than analysts expected, but after three straight months of sliding sales, the existing home sales report for September is still good news. The National Association of Realtors® (NAR), said the month saw closed transactions for the purchase of single-family houses, townhouses, condos and cooperative …

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MBS Day Ahead: Bonds Back on The Ropes

By Matthew Graham Posted To: MBS Commentary It’s a crappy day. Sorry to use such an esoteric analytical term, but it’s the most accurate way to describe the outlook. So what changed? Long story short, we’d been in a narrow, consolidative range since late September. That range had a chance to be a straight up correction back toward lower rates, …

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Refinancing Share at Early 2017 Levels

By Jann Swanson Posted To: MND NewsWire Refinancing increased its share of total originations in September, rising 3 percentage points from August to 38 percent of all closed loans. Ellie Mae, in its Originations Insight report says the refinance share was the highest since February and set forth two possible reasons. First, interest rates on closed loans during the month …

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