Mortgage News
Jul 28, 2017
Mortgage rates remained steady today. That leaves them as the lowest levels in July. The bond markets were exceptionally quiet today, especially for mortgage- related bonds. Activity should increase a bit over the week. It is normal for bonds to be slowere on Mondays and Fridays. The Fed announcement on Wednesday should draw out more participation among traders on Wednesday. Bookmark this page for mortgage ...
Jul 20, 2017
Investors figured the ECB was debating on refraining from another extension in December, some investors are apprehensive they might start dropping bond buying sooner. For the most part, traders just want to know how much guaranteed bond buying they can count on in the future months.The EBC has successfully threaded the needle everyone hoped they would by acknowledging the reality tapering while reassuring markets that they...
Jul 17, 2017
It is the middle of summer, the middle of the month and the economic calendar in the US is light. These are all reason for traders to wait until there is a more compelling reason to tune in. The only impact we may see is the ECB, though it is highly unlikely they will be making any formal announcements. Bookmark this page for mortgage rates:...
Jul 12, 2017
Since June 27th, global bond markets have been on the run. Over the past few days mortgage rates have been holding in a narrow range near their highest levels in roughly 3 months. Lenders have hesitated to make meaningful adjustments to rate sheets despite some stabilityin underlying bond markets. That was all chaged after today's congressional testimony by Fed Chair Yellen. Bookmark this page for mortgage ra...
Jul 11, 2017
Over the past four trading sessions, bond markets have been stuck in narrow. This is a major withdrawal from the strong movement seen in the week prior. This week’s economic calendar is pretty light until the Producer Price Index on Thursday and the Consumer Price Index on Friday. ...
Jul 05, 2017
The scheduled economic data and events today is light. That will change rapidly over the next 2 days. There my or may not be enough weakness for bond traders to get comfortable as buyers again. According to technical analysis, the suggested time is now. Bookmark this page for mortgage rates:• 30 year (FRM) rates at 4.11% (+0.04%).• 15 year (FRM) rates at 3.37% (+0.05%).• FHA 30 year Fixed rates at 3.75% (+0.00%).• Jumbo...
Jul 03, 2017
Mortgage rates continue rising at an uncomfortable speed for anyone looking to buy or refinance. Today was the 5th day in a row of quicker than average movement higher. It leaves the average lender at their highest levels in almost 2 month.Bond markets and mortgage lenders will be closed tomorrow for the Independence Day Holiday Bookmark this page for mortgage rates:&b...
Jun 30, 2017
The point is that month-end creates seemingly random trades. Some of them could be bond buying and some could be bond selling. The randomness can be further worsened by the fact that it's not just bond markets that suffer from month-end trading needs. If stocks or commodity traders have certain month-end trading needs, and if they also hold bonds, the latter could take a hit to facilitate trading of the...
Jun 28, 2017
Another day, another piece of practical news. New York Community Bancorp, Inc. announced the sale of its mortgage banking business and residential assets covered under the FDIC Loss Share Agreement to Freedom Financial. "Freedom will acquire both our origination and servicing platforms, as well as our mortgage servicing rights portfolio with a current aggregate unpaid principal balance of approximately $21.0 billion. It is anticipated...
Jun 26, 2017
Last week did not provide significant economic data or market moving events, the current week may be different. There are other important reports throughout this week including a key inflation report on Friday. Outside the above-mentioned scheduled events, there's also the general phenomenon of "month-end" and “qu...
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