Tuesday , 18 December 2018

Mortgage News Daily

Mortgage News Daily

Mortgage Rate Rally May Be Pausing

By Matthew Graham Posted To: Mortgage Rate Watch First things first: the average mortgage lender improved modestly today, compared to last Friday’s levels. This leaves mortgage rates at their lowest levels in several months. That’s great news and indeed, the last few weeks have been the best few weeks we’ve seen in more than a year. That having been said, …

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A Gift From Fannie/Freddie - Evictions Suspended for the Holidays

By Jann Swanson Posted To: MND NewsWire Both Freddie Mac and Fannie Mae have announced the suspension of eviction lockouts for single-family and two- to four-unit properties for the holiday season. The moratorium will begin December 17 and end January 2. Fannie Mae said it will allow legal and administrative proceeding for evictions to proceed during the 16-day period, but …

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Black Knight and the Case of the Disappearing Equity

By Jann Swanson Posted To: MND NewsWire We know that home price growth is slowing , and cash-out refinancing has been coming back, still it is a bit of a stunner to find that homeowner equity actually declined in the third quarter of this year. Black Knight’s current issue of its Mortgage Monitor reports that the amount of total equity …

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Broker and Front-End Products, Subservicer Webinar; Rates Watching Overseas' Markets

By Rob Chrisman Posted To: Pipeline Press The focus is on the holidays but there is plenty of 2019 wedding planning occurring. Despite that, according to the U.S. Census Bureau, adults are increasingly delaying saying, “I Do” as the median age at first marriage continues to climb by approximately 2% compared to 2003. And in 2018, there were 8.5 million …

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MBS Day Ahead: How We Guard Our Newfound Gains

By Matthew Graham Posted To: MBS Commentary We’ve had an impressive winning streak recently and have acquired gains worthy of a watchful, protective eye. Will this be a durable rally or a fleeting victory? That question can’t be answered without seeing how economic data and events unfold in the coming weeks. Perhaps even more important will be the tenor of …

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MBS RECAP: Bonds Think it Over After NFP, Then Finally Decide to Rally

By Matthew Graham Posted To: MBS Commentary This morning’s trading–both before and after NFP came out–basically acted as additional time for debate . Both MBS and Treasuries bounced quickly, but symmetrically around yesterday’s closing levels before finally choosing a direction. Actually, the direction may have been chosen for them to some extent, as it was the stock market that made …

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Mortgage Rates Lowest Since September After Jobs Report

By Matthew Graham Posted To: Mortgage Rate Watch Mortgage rates held on to their recent improvements today after the important Employment Situation (the big “jobs report”) showed November job creation was lower than expected. In general, weaker job creation is good for interest rates because it speaks to slower economic growth and inflation (both of which are enemies of rates). …

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