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Mortgage Daily News

See below for information related to mortgage, real estate and housing matters from our friends at Mortgage Daily News.

Mortgage Daily News

See below for information related to mortgage, real estate and housing matters from our friends at Mortgage Daily News.

  • How are mortgage rates determined?

    Thinking about buying a home? You’ll need to narrow down the neighborhood, the size and style of the space, the price and the down payment. You’ll also want to consider mortgage interest rates, which play a big role in whether or not the time is right to buy a house at all.  Out of […]

  • 12 steps to setting up a home classroom

    As the debate around school openings continues, many parents are weighing how best to create a home learning space that’ll help a child focus on his or her lessons. This blog pulls together a dozen homeschool setup ideas. Depending on how old your kids are, as will your home’s size and […]

  • Wall Street stymied by battle in Congress

    There is no question that the COVID-19 virus, and the reactions to it, are controlling the United States economy right now. But the breadth of that control was extremely evident this week.  As expected, the Federal Reserve decided to keep overnight lending rates stable, in the range of 0% […]

  • How does my Realtor work with a loan officer?

    It’s settled. You’ve got some money saved up for a downpayment and you’re ready to start your home buying journey. You’ve done your online research and have pretty much narrowed down the neighborhoods you’re interested in. You can’t wait to go house […]

  • Housing staying strong amid market volatility

    Tech stocks took a hit this week, dragging Wall Street down with them. The Dow Jones Industrial average saw a sharp sell off Thursday, dropping around 400 points. Apple, Amazon and Microsoft all took losses with Microsoft faltering by 4%. Travel also took a huge hit, with companies like Southwest […]

  • Most Mortgage Rate Headlines Are Wrong Today
    by Matthew Graham on August 6, 2020 at 9:05 pm

    Posted To: Mortgage Rate WatchThere are quite a few more new stories than normal about mortgage rates today. Most of them are wrong. This one is not, and it's pretty easy to see why. Freddie Mac releases its weekly mortgage rate survey every Thursday morning. The survey accepts responses from […]

  • MBS RECAP: Bonds Generally Consolidating Ahead of...
    by Matthew Graham on August 6, 2020 at 8:49 pm

    Posted To: MBS CommentaryBonds Generally Consolidating Ahead of Jobs Report MBS were higher today, but for the week as a whole, they've been flat (and right in line with last Friday's levels as of this afternoon). That doesn't seem like a coincidence based on tomorrow's jobs report, but it still […]

  • Foreign Buyers are Pumping the Brakes on Home...
    by Jann Swanson on August 6, 2020 at 3:43 pm

    Posted To: MND NewsWireForeign buyers cut back their investment in U.S. residential properties over the 12 months that ended in March. It was the second year-over-year decline. The National Association of Realtors® (NAR) annual survey among its members about their transactions with […]

  • MBS Day Ahead: Slow, Steady Rally Wasting No Time...
    by Matthew Graham on August 6, 2020 at 2:07 pm

    Posted To: MBS CommentaryYesterday's bond market weakness prompted a conversation about the limits of the current rally. It went a little something like this (<----that's a link you can click). For the non-link-clickers out there, here's a recap: Bonds have been in a clearly-defined rally trend […]

  • LO Jobs; Risk Tool; Webinars and Training;...
    by Rob Chrisman on August 6, 2020 at 1:21 pm

    Posted To: Pipeline PressOriginators and lenders are having a great summer from income and profitability perspectives. The thick margins are making managers look like champs, arguably covering up other issues that would normally be corrected. Rocket, the parent company of largest US mortgage […]

  • Rates End 6-Day Streak at Record Lows
    by Matthew Graham on August 5, 2020 at 9:18 pm

    Posted To: Mortgage Rate WatchMortgage rates cooled off today, rising for the first time since July 27th for the average lender. Between now and then we've seen a string of what have mostly been new record lows with top tier 30yr fixed offerings well under 3%. For more on what constitutes a "top […]

  • MBS RECAP: Is The Rally Meeting Resistance or...
    by Matthew Graham on August 5, 2020 at 8:07 pm

    Posted To: MBS CommentaryIs The Rally Meeting Resistance or Just Consolidation? With modest overnight weakness and a small negative reaction to this morning's headlines (ADP and Treasury issuance), bonds may be encountering some more resistance on their journey toward lower yields and higher […]

  • Maybe Home Prices Aren't in Trouble After All?
    by Jann Swanson on August 5, 2020 at 1:58 pm

    Posted To: MND NewsWireHome prices increased in June at the fastest pace in more than seven years. CoreLogic said its Home Price Index (HPI) rose 1.0 percent from May, the largest month-over-month gain since January 2013. The appreciation from April to May was 0.7 percent. Prices rose […]

  • MBS Day Ahead: Bond Rally Running Out of Steam or...
    by Matthew Graham on August 5, 2020 at 1:31 pm

    Posted To: MBS CommentaryWith modest overnight weakness and a small negative reaction to this morning's headlines (ADP and Treasury issuance), bonds may be encountering some more resistance on their journey toward lower yields and higher prices. Is this a meaningful signal or just incidental […]

  • Business Practice, Income, Compliance Products;...
    by Rob Chrisman on August 5, 2020 at 1:23 pm

    Posted To: Pipeline PressSince eating inside a restaurant is problematic, now’s the perfect time to eat better at home, get fit, and stay healthy. Never mind: Who are we trying to impress? We have snacks, we have sweatpants, let’s use them! Would you be impressed if the entire U.S. […]

  • Mortgage Application Volume Pulls Back For Second...
    by Jann Swanson on August 5, 2020 at 12:20 pm

    Posted To: MND NewsWireMortgage application volume declined during the week ended July 31 even as mortgage interest rates reached another all-time low. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, decreased 5.1 percent on a seasonally adjusted […]

  • New Mortgage Rate Record; What Is a "Top Tier"...
    by Matthew Graham on August 4, 2020 at 8:51 pm

    Posted To: Mortgage Rate WatchMortgage rates are on a tear, with the average lender easily hitting new all-time lows today. How low is that? At this point it's safe to say that anything over 3% is too high as long as we're talking about a top tier scenario. So let's take a moment to discuss what […]

  • MBS RECAP: Bonds Continue Pushing The Record...
    by Matthew Graham on August 4, 2020 at 8:11 pm

    Posted To: MBS CommentaryBonds Continue Pushing The Record Pace, But MBS Are Lagging Yesterday we asked what would come next for bonds after breaking through resistance levels (.58 in 10yr yields and 103.00 in 2.0 UMBS), what comes next. Such breakouts can be the cue for a corrective bounce or a […]

  • Ops Jobs; Marketing, Database Tools; Disaster...
    by Rob Chrisman on August 4, 2020 at 2:11 pm

    Posted To: Pipeline PressSure, you’re making bank now, but are you planning for next year? Is your company doing anything to “team up”? Many lenders, vendors, and real estate companies have strategic partnerships with other companies. There’s strength in numbers, and they […]

  • MBS Day Ahead: Another Day, Another Record High...
    by Matthew Graham on August 4, 2020 at 1:49 pm

    Posted To: MBS CommentaryWhile there's no way to know how the day will wrap up for the MBS market, we know how it's starting out. We also know how 4 of the past 5 days have started out (and wrapped up, for that matter): at all-time highs. The following chart of 2.0 UMBS candlesticks shows the […]

  • Construction Spending Largely Unchanged as...
    by Jann Swanson on August 3, 2020 at 8:31 pm

    Posted To: MND NewsWireConstruction spending held firm in June, inching down fractionally from the May level and increasing a bit compared to June 2019. The U.S. Census Bureau said total spending during the month was at a seasonally adjusted annual rate of $1.355 trillion, down 0.7 percent from the […]

  • MBS RECAP: Bonds Defend New Territory
    by Matthew Graham on August 3, 2020 at 8:31 pm

    Posted To: MBS CommentaryBonds Defend New Territory Now that bonds have broken through previous resistance levels (.58 in 10yr yields and 103.00 in 2.0 UMBS), what comes next? Rather than look for fast-paced follow-through, it would be enough of a victory to merely see bonds maintain these newly […]

  • More Home Buyers are in the Market, but Shopping...
    by Jann Swanson on August 3, 2020 at 3:56 pm

    Posted To: MND NewsWireIn the second quarter of 2020, 11 percent of American adults were planning on purchasing a home over the next 12 months, and of those, almost half were actively engaged in doing so. Rose Quint, writing in the National Association of Home Builders' (NAHB's) Eye on Housing blog […]

  • Housing Affordability Best in Four Years,...
    by Jann Swanson on August 3, 2020 at 3:52 pm

    Posted To: MND NewsWireThe last report from Freddie Mac put its 30-year fixed rate mortgage (FRM) at 2.99 percent, up 1 basis point from the all-time low. Black Knight, in its new Mortgage Monitor , says that has made home affordability the best in four years. As of mid-July, it required only 19.8 […]

  • More Evidence of Strength in Housing as GDP...
    by Jann Swanson on August 3, 2020 at 2:40 pm

    Posted To: MND NewsWireThe National Home Builders Association (NHBA) has been saying since the COVID-19 virus first began to ravage the economy, that it might be housing that would drive the eventual recovery. Now they have some real evidence. The record setting 32.9 percent second quarter decline […]

  • MBS Day Ahead: Bonds Defend New Territory
    by Matthew Graham on August 3, 2020 at 1:23 pm

    Posted To: MBS CommentaryNow that bonds have broken through previous resistance levels (.58 in 10yr yields and 103.00 in 2.0 UMBS), what comes next? Rather than look for fast-paced follow-through, it would be enough of a victory to merely see bonds maintain these newly acquired levels. Today we'll […]

  • LO Jobs; Fraud, Retention, Legal Products; August...
    by Rob Chrisman on August 3, 2020 at 12:57 pm

    Posted To: Pipeline PressRemember a month ago, heading into the July 4th weekend, a resurgence of Covid-19 cases (which many officials attributed to large Memorial Day gatherings) resulted in mask-wearing mandates as well as rollbacks and delays in phased reopening plans. (Speaking of the virus, we […]

  • Should You Wait For Lower Rates?
    by Matthew Graham on July 31, 2020 at 9:09 pm

    Posted To: Mortgage Rate WatchMortgage rates have fallen more aggressively than ever and they've been remarkably willing to set record after record. So is there any reason you shouldn't wait for them to go even lower? This is an age old question any time rates fall to long-term lows. In the past, […]

  • MBS RECAP: All-Time Levels All Around. Here's...
    by Matthew Graham on July 31, 2020 at 9:04 pm

    Posted To: MBS CommentaryAll-Time Levels All Around. Here's How To Play It Another day, another opportunity for MBS prices to hit record highs and rates to--well... rates are just sort of kicking around a piece of ground in their home town (at all time lows), but notably, they're not looking too […]

  • FHA/VA Forbearances Continue to Climb
    by Jann Swanson on July 31, 2020 at 2:20 pm

    Posted To: MND NewsWireAs of Wednesday, there were 4.102 million mortgages in forbearance plans. This is 7.7 percent of the 53 million loans in servicer portfolios. Black Knight said its weekly survey noted a 17,000-loan decrease in total forborne loans over the previous week. What remains […]

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I understand by submitting my email address that I will receive daily email from The Home Money Guide, My Commerce Shop, Daily Money Post, Find Resources Guide, My Wealth Warehouse and Real Wealth Info, until I unsubscribe

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