Mortgage News
Nov 04, 2020
Today's key event is watching the election with a focus on Michigan. It's not clear what the bond market's reaction would be at thi...
Nov 02, 2020
Rate lock-ins in September were nearly even with that in August. Purchase locks were down 2%, which is typical for the season. However, refinan...
Oct 28, 2020
The amount of potential homebuyers who perceive housing as affordable increased, and the Housing Trends Report found that 27% of buyers reported they could afford about half ...
Oct 26, 2020
The foreclosure inventory dropped by 6,000 --down by 71,000 from last year --to a new current inventory of 181,000. The CARES Act mandate of fo...
Oct 23, 2020
MBS has decisively outperformed, making it easier for lenders to avoid climbing rates. However, spreads are building negative momentum in Treas...
Oct 22, 2020
The rise in refis was undoubtedly a response to the decline in the 30-year note rate. The average for all loans was 3%, down from 3.09% in Augu...
Oct 19, 2020
The pressure is rising for the bond market. After an intensely calm trading period throughout September, 10yr yields moved to challenge the bou...
Oct 16, 2020
Covid-related news is continuous, and the markets proceed to react to significant changes in cases, vaccine trials, new treatments, mortalities...
Oct 14, 2020
Last week was a defensive shift for bonds, with yields asymptotically moving towards 0.79%. Now, it appears as if Traders may have been w...
Oct 09, 2020
The bond market drives interest rates, and it has the habit of reacting to big news that impacts the economy. Presently, bonds must...
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