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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.

  • Put rising mortgage interest rates into...

    Mortgage interest rates went up again over the last week leaving many to ask the question, “How high will they go?” Another way you could think of it is “How long will they stay this low?” The latest 30-year fixed-rate mortgage average from Freddie Mac showed rates rising to 3.56%. As […]

  • Your loan was approved with conditions. Here’s...

    You’re looking to buy your own place. And you’ve decided to get pre-approved for a mortgage — rather than just pre-qualified — so that you know how much you can afford and so that when you make an offer, you’re more likely to be considered a “serious” buyer. Good for you. That’s a […]

  • How rising interest rates affect potential...

    Mortgage interest rates are grabbing headlines and rightfully so. There was a significant jump in rates recently with Freddie Mac’s latest 30-year fixed-rate mortgage average hitting 3.45%. As Freddie Mac’s economists note, this was due in large part to actions taken by the Federal Reserve.  […]

  • Movement Mortgage fortifies leadership team with...

    INDIAN LAND, S.C. — Movement Mortgage, the nation’s sixth-largest retail mortgage lender, is bolstering the ranks of its leadership with the creation of a new position and a critical promotion to meet the quickly evolving needs of the mortgage industry across the United States.  Effective […]

  • Move over FHA. Conventional loans are trending...

    For over 80 years, first-time homebuyers have taken advantage of all the benefits of the FHA Loan, a mortgage product introduced by the Federal Housing Administration in the 1930s to increase home construction, reduce unemployment and help Americans realize the American dream of homeownership.  […]

  • Prices and Selection Are Changing Home Buying...
    by Mortgage News Daily on January 24, 2022 at 8:51 pm

    The National Association of Home Builders (NAHB) says the effects of higher home prices and tight inventories appear to be weighing on home buying decisions. Rose Quint writes in NAHB’s Eye on Housing blog that the share of adults who said they planned to buy a home over the next year […]

  • MBS Live Recap: MBS Flip Script After Treasury...
    by Mortgage News Daily on January 24, 2022 at 8:48 pm

    MBS Flip Script After Treasury Auction; Bonds Refuse to Chase Stocks It was a fairly sloppy day of gains for the bond market with Treasuries noticeably lower in yield early and MBS underperforming.  The script was flipped in the afternoon as a strong 2yr […]

  • Freddie Mac Sees Rates Remaining Below 4 Percent...
    by Mortgage News Daily on January 24, 2022 at 5:45 pm

    Freddie Mac’s first quarterly forecast for 2022 cites the need for improvement in the nation’s employment picture. Even though the December report from the Bureau of Labor Statistics showed the unemployment rate down 0.3 percentage points from the prior month at 3.9 percent, Freddie Mac’s […]

  • Underwriting, POS, Subservicing, Lead Gen...
    by Mortgage News Daily on January 24, 2022 at 4:42 pm

    Anyone who’s seen 1968’s “2001: A Space Odyssey” remembers the talking computer HAL (whose name was cleverly derived from subtracting one letter from IBM). We need more acronyms, right?! Here’s one I hadn’t heard: BNPL. The buy now, pay later industry is an increasingly important driver […]

  • MBS Live Morning: Consolidation Rally Continues,...
    by Mortgage News Daily on January 24, 2022 at 2:57 pm

    Bonds are off to stronger start for a 4th straight trading session.  As such, they're following the same pattern as the rally attempt 2 weeks ago (which ultimately failed), but there's certainly a bigger sense of urgency behind this week's version.  Are bonds still consolidating ahead of the Fed […]

  • Making Sense of Rising Rates And The Risks Ahead
    by Mortgage News Daily on January 22, 2022 at 1:09 am

    The bond market returned from a 3 day weekend to find yields surging higher on Tuesday.  That pushed mortgage rates to fresh 2 year highs and added emphasis to what has already been the sharpest rate spike since late 2016.   Why are rates rising so quickly? Mortgage rates are based on […]

  • MBS Live Recap: Another Green Day But MBS...
    by Mortgage News Daily on January 21, 2022 at 8:35 pm

    Another Green Day But MBS Underperform Bonds rallied today with 10yr yields dropping more than 6bps by the 3pm CME close.  That's the type of improvement that normally makes for a nice day of mortgage market improvement, but today, mortgage rates were just […]

  • MBA Says New Home Sales Tilting to Higher Priced...
    by Mortgage News Daily on January 21, 2022 at 7:18 pm

    While new home sales have been performing well over the last few months, the Mortgage Bankers Association (MBA) expects a stumble in December. Its Builder Application Survey (BAS) data for the month shows mortgage applications for new home purchases decreasing 5.0 percent compared to November and […]

  • Delinquencies Hit Recent Lows but so do Refinance...
    by Mortgage News Daily on January 21, 2022 at 7:14 pm

    In its first look at December’s loan performance data, Black Knight notes that 2021 ended with the foreclosure inventory at an all-time low and the national delinquency rate “just a hair off the near-record low” reached just before the onset of the pandemic. That delinquency rate, the […]

  • MBS Live Morning: Bonds Making a Case For...
    by Mortgage News Daily on January 21, 2022 at 4:26 pm

    Bonds are off to an even stronger start on Friday, largely in response to a big risk-off move that rifled through markets in the last 90 minutes of trade yesterday and carried over to early trading in Asia.  "Risk-off" implies stock prices and bond yields moving lower together, and that's a […]

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