Wednesday , 20 February 2019

Mortgage News Daily

Mortgage News Daily

MBS Day Ahead: How Inflation Matters in The Bigger Picture

By Matthew Graham Posted To: MBS Commentary This morning brings the week’s first major economic report in the form of the Consumer Price Index (CPI)–one of the biggest inflation reports. Inflation has been an on-again, off-again market mover for the bond market over the past 10 years for a few reasons. That’s an assertion that makes old school market watchers …

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Global Concerns Slow Mortgage Apps, Even With Lower Rates

By Jann Swanson Posted To: MND NewsWire Mortgage applications have now fallen in six of the last eight weeks. The Mortgage Bankers Association (MBA) said its seasonally adjusted Market Composite Index, a measure of application volume, fell lost another 3.7 percent on a seasonally adjusted basis during the week ended February 8. On an unadjusted basis the composite was down …

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MBS RECAP: Shutdown Deal Hurts Bonds, But Mostly Helped Stocks

By Matthew Graham Posted To: MBS Commentary It’s hard to say exactly where stocks and bonds would be today absent the news from yesterday night regarding a possible shutdown deal. Both sides of the market were already in the process of bouncing as of last Friday–with yesterday’s closing levels acting to extend that move. The shutdown news didn’t hut until …

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How The Shutdown Is Affecting Mortgage Rates

By Matthew Graham Posted To: Mortgage Rate Watch Mortgage rates were roughly unchanged yet again today, although the average lender was charging microscopically higher fees compared to yesterday. The key ingredient in today’s market movement (which ultimately translates to mortgage rate movement) was the promise of a deal to avert another government shutdown at the end of the week. Late …

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NAR: Home Price Gains at a "Healthier" Pace

By Jann Swanson Posted To: MND NewsWire An asset bubble can burst, or it can develop a slow leak, and float more or less gradually back to normal levels. The National Association of Realtors’® (NAR’s) quarterly report on existing homes and metro home sales seems to indicate that the housing market, where skyrocketing prices were a concern not that long …

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Delinquencies and Foreclosures at 10-Year Lows

By Jann Swanson Posted To: MND NewsWire According to CoreLogic, loan performance continues to improve on a national basis, with delinquencies dropping more than 1 percentage point over the 12 months ended in November 2018. Frank Nothaft, CoreLogic’s Chief Economist, said the decline was driven by solid income growth, a record amount of home equity and an absence of high-risk …

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MBS Day Ahead: Bonds Gearing Up For a Big Move

By Matthew Graham Posted To: MBS Commentary In the shorter-term, there’s nothing too interesting about the past few weeks of trading. Relative to the highs and lows set in the first 3 weeks of the year, the subsequent range has been well-contained. Over the past 2 weeks, it’s been getting narrower and narrower. This is what we’d typically expect to …

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Broker Products; Upcoming Mortgage Events; Conforming/Conventional Changes

By Rob Chrisman Posted To: Pipeline Press From Twitter: “When self-driving cars become mainstream, dead old people will occasionally just arrive places.” Morbid humor aside, will it really help traffic when cars are programmed to take laps around city blocks rather than look, and pay, for parking? Speaking of city blocks, how’s your jumbo product? If you’re an independent/non-depository mortgage …

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