Mortgage News Daily

Mortgage News Daily

MBS RECAP: Rates Begin to Make Case For a New Ceiling

By Matthew Graham Posted To: MBS Commentary As we watched bond markets sell-off abruptly last week, the best case scenario would have been that the selling was overdone and that we would soon be settling-in to the wider sideways range we expected to see in early March. Why did we expect a wider sideways range? Simply put, the consolidation range …

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Mortgage Rates Remain Steady, But That’s a Victory Today

By Matthew Graham Posted To: Mortgage Rate Watch Mortgage rates finally caught their breath today after rising quickly in the second half of last week. Specifically, the average lender managed to avoid getting any worse. Considering the past few business days, that’s a victory. But is it as much of a victory as the underlying bond market suggests? Bonds dictate …

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December’s Construction Spending Up From Last Year

By Jann Swanson Posted To: MND NewsWire The Census Bureau, still playing catch-up from the partial government shutdown , has released its monthly construction spending report for December 2018. Expenditures for all types of construction were at a seasonally adjusted annual rate of $1.293 trillion during the month, 0.6 percent less than the revised November estimate of $1.301 trillion. The …

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MBS Week Ahead: Best Case Scenario: The Range Just Got Wider

By Matthew Graham Posted To: MBS Commentary 2019 had been (and perhaps continues to be) dominated by an increasingly narrow range. To appreciate just how narrow things have been, consider the month of February had the tightest trading range since 1979. We’d been tracking the fairly linear consolidation pattern since the end of January (yellow lines in the following chart). …

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LO Jobs; Combo, Underwriting Products; Vendor Developments

By Rob Chrisman Posted To: Pipeline Press As the nation watches the terrible tornado-related events and casualties in Alabama, and sympathizes with those impacted, the rebuilding has already commenced. Constructing or repairing a house hasn’t changed much in decades, but there is some innovation in building materials and residential construction: transparent wood, bamboo-reinforced concrete, and bricks that breathe for example. …

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Mortgage Rates Highest in More Than a Month

By Matthew Graham Posted To: Mortgage Rate Watch Mortgage rates surged again today as the underlying bond market continued to capitulate to selling pressure. Let’s talk about what that means in plain English! Capitulation in financial markets refers to investors on one side of a trade gradually becoming overwhelmed by the momentum on the other side. Since Wednesday, several developments …

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