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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.

  • Large rate increase avoided after debt deal...

    A significant week in Washington ended with the Senate passing the Fiscal Responsibility Act to raise the debt ceiling and cap government spending for two years. The passing of the bill prevented what could have been the first-ever debt default by the United States and helped the mortgage industry […]

  • From newbie to pro: A homeowner’s guide

    Owning a house is an exciting milestone, but it also comes with a lot of responsibility, including taking care of your space and making sure everything’s in proper working order.  Understanding how things like plumbing, heating, and electrical systems function can help you save money on repairs […]

  • Movement solidifies New England presence with...

    BOSTON, MA – Movement Mortgage (Movement), a national top 10 retail mortgage lender, is pleased to announce the expanded leadership of Co-Regional Directors Brian Koss and Ryan Hayes, who will now oversee the company’s mortgage business throughout New England. Koss and Hayes joined Movement in […]

  • The debt ceiling and mortgage rates

    The debt ceiling discussions in Washington are the biggest current story when surveying the real estate market and mortgage rates. Without a deal in place to raise the debt ceiling by June 5 (updated from June 1 by Treasury Secretary Janet Yellen), the US risks defaulting on its debt. Let’s start […]

  • No down payment? These programs can help!

    Owning a home is a pretty major goal for lots of Americans, but the thought of buying a piece of property — whether it’s a condo in the sky, a suburban house or a fixer-upper in the countryside — can be intimidating, especially if you’re a first-timer.  You’re probably worried about […]

  • What Debt Ceiling? And Who's Lying About The...
    by Mortgage News Daily on June 2, 2023 at 10:40 pm

    After dominating the news cycle for weeks, the debt ceiling issue is suddenly resolved and the bond market doesn't seem to care. The jobs report proved to be far more relevant, but with half of it indicating a much stronger labor market and the other half saying the opposite, who's telling the […]

  • What Debt Ceiling? Yields Follow NFP Higher
    by Mortgage News Daily on June 2, 2023 at 8:13 pm

    What Debt Ceiling? Yields Follow NFP Higher After being utterly bombarded for weeks, newswire feeds at trading terminals are suddenly devoid of debt ceiling headlines.  To be fair, there have been a few mentions of final approval set for this weekend, but […]

  • Making Sense of Friday's Jobs Numbers
    by Mortgage News Daily on June 2, 2023 at 6:00 pm

    Nonfarm payrolls were up 339k, well above the 190k forecast.  At the same time, unemployment rose from 3.4% to 3.7%, well above the 3.5% forecast.  How can these two numbers coexist and how does the market decide which one to believe? The first thing to understand about "the jobs report" is […]

  • Reverse Point-of-Sale, Marketing and PR, TPO...
    by Mortgage News Daily on June 2, 2023 at 1:53 pm

    While lenders are grappling with steadily increasing Agency repurchase requests, it’s National Donut Day! Someone had better offer those folks at State Farm Insurance a donut… maybe they’ll change their mind about cutting off insuring properties in California. Three thousand miles away, I […]

  • Data-Driven Rally, But There's Bigger Data Ahead
    by Mortgage News Daily on June 1, 2023 at 9:04 pm

    Data-Driven Rally, But There's Bigger Data Ahead Yesterday's economic data made for a bit of back and forth in the bond market with Fed speakers ultimately riding to the rescue by forwarding the notion of "skipping" a rate hike at the upcoming meeting.  […]

  • Weaker Data Reinforcing The Ceiling
    by Mortgage News Daily on June 1, 2023 at 5:13 pm

    Bonds had been hoping for econ data to reinforce a ceiling after a recent run to the highest yields in months and the past few days have delivered.  The resilience has drawn both on the data and on several Fed speakers forwarding the notion of "skipping" the rate hike on June 14th.  All this […]

  • Webinars and Training, Construction Tracking,...
    by Mortgage News Daily on June 1, 2023 at 1:54 pm

    The United States has about 336 million people. Did you know that 1/3 of them live within a 500-mile radius of Nashville? This is a cool site for anyone putting together a sales presentation for a real estate agent or a borrower. Speaking of geography, Wyoming has 23 counties, not 58 as the […]

  • Mortgage Rates Quickly Down to 2-Week Lows
    by Mortgage News Daily on May 31, 2023 at 8:43 pm

    After hitting the highest levels in several months last Friday, mortgage rates have fallen fairly quickly in the new week.  As bond markets improved this afternoon, many lenders were able to make mid-day adjustments.  That brought the average top tier 30yr fixed rate down to the lowest levels […]

  • Domestic Events Mostly Overshadowed by European...
    by Mortgage News Daily on May 31, 2023 at 7:58 pm

    Domestic Events Mostly Overshadowed by European Influence While we can trace some of this morning's back and forth market movement to domestic economic data (Chicago PMI helped, JOLTS hurt), it was the European market hand-off that set the tone for today's […]

  • Resilience And Resistance After Debt Ceiling...
    by Mortgage News Daily on May 31, 2023 at 5:26 pm

    The big news so far this week is the absence of any concrete conclusion to the debt ceiling debate (delivered in box labelled "debt ceiling debate solution").  The solution would effectively be to punt on actual decisions until after the next presidential election, but that still requires some […]

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