Wednesday , 20 February 2019

Mortgage News Daily

Mortgage News Daily

MBS RECAP: Dormant Data Returns in a Big Way

By Matthew Graham Posted To: MBS Commentary Of all the reports silenced by the government shutdown, Retail Sales was probably the most missed. It didn’t help that December is a rather important month for such data. December’s report finally arrived today, and it made waves . While there has been some question as to how quickly markets would be willing …

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Mortgage Bankers Estimate 29% Surge in New Home Sales

By Jann Swanson Posted To: MND NewsWire While we have not yet seen figures from the Census Bureau for December let alone January, the Mortgage Bankers Association (MBA) is reporting a surge in new home sales last month. Information from MBA’s Builder Application Survey (BAS) indicates that those sales, while unchanged from January 2018, increased by 43 percent compared to …

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Rates Are Better Today, But Not Back to 1-Year Lows

By Matthew Graham Posted To: Mortgage Rate Watch Mortgage rates recovered today after rising to the highest levels in a week as of yesterday. The improvement followed a much-weaker-than-expected Retail Sales report–something investors have been waiting on for nearly 2 months due to the government shutdown. Retail sales comprise an important part of economic activity, and the economy is one …

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MBS RECAP: Bonds Lose Ground on Shutdown Deal Hopes and Inflation Data

By Matthew Graham Posted To: MBS Commentary At first glance, this morning’s weakness was all about the Consumer Price Index (CPI)–the most widely-followed inflation report. In order to make a case for CPI causing the weakness, we’d have to assert that a core year-over-year reading of 2.2% versus a forecast of 2.1% was significant, even as monthly headline inflation missed …

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Highest Mortgage Rates in a Week After Today's Move

By Matthew Graham Posted To: Mortgage Rate Watch Mortgage rates hadn’t changed much over the past few business days, even though they arguably should have moved a bit higher yesterday. That made today’s adjustment slightly more abrupt. Why was there an adjustment? Mortgage rates are based primarily on the trading levels in the bond market. In turn, the bond market …

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NAHB Takes a Detailed Look at First-Time and Trade-up Buyers

By Jann Swanson Posted To: MND NewsWire A total of 8.8 million households bought homes in the two years preceding the most recent American Housing Survey (AHS). The survey, sponsored by the Department of Housing and Urban Development, is conducted by the Census Bureau every two years. The AHS is a nationally representative survey of residential structures in the US …

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Marketing Products; Lender Legal News; OB's Index, Flood Insurance, Ditech's Ch. 11

By Rob Chrisman Posted To: Pipeline Press Amazon accounts for nearly 50% of the ecommerce activity in the United States. With that kind of delivery service, it isn’t hard to see why malls are suffering. Which is why, all across the nation, malls are being re-developed, re-purposed, whatever you want to call it, into mixed-use and housing projects. Projects in …

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