Mortgage News Daily

Mortgage News Daily

MBS RECAP: Data Helped, But Bonds Might Not Have Needed It

By Matthew Graham Posted To: MBS Commentary An interesting thing happened today for those who were paying close enough attention to notice. At face value the week’s most important economic report came out weaker than expected and bonds rallied in response. Notably , however, the rally actually began more than an hour and a half before the data. What was …

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Mortgage Rates Making a Case For Remaining in Recent Range

By Matthew Graham Posted To: Mortgage Rate Watch Mortgage rates stabilized today, after moving higher somewhat quickly following several strong economic reports on Friday. If you’d like to revisit the relationship between economic data and rates, we discussed it in greater detail in yesterday’s coverage . Interestingly enough, today brought the week’s most important economic report–ISM Non-Manufacturing. This is the …

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MBS Day Ahead: Which Side of the Market is Lying?

By Matthew Graham Posted To: MBS Commentary This is a concept we’ve revisited a few times over the years and it goes something like this: A strengthening economy implies rising earnings/profits among companies and therefore, higher stock prices. The same strengthening also supports higher long-term interest rates. This is the incredibly logical , slightly oversimplified underpinning of the notion that …

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Mortgage Rates Quickly Retreating After Hitting Long-Term Lows

By Matthew Graham Posted To: Mortgage Rate Watch Mortgage rates continued moving higher today as Fridays unfortunate series of events seems to have motivated a big bounce. What events are those? Namely, we’re talking about several important economic reports including the big jobs report and the most closely-watched manufacturing report from ISM. These were joined by two other supporting actors …

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Lower Rates and Slower Price Gains to Help Affordability in 2019

By Jann Swanson Posted To: MND NewsWire Although they covered the topic in last month’s Mortgage Monitor , further declines in interest rates have prompted Black Knight to take another look at the impact on the refinance pool. The previous edition reported that the 30-basis point drop in the 30-year fixed rate mortgage from a post-recession peak in November to …

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