Real Estate News

Mortgage News Daily

• Holding Last Week's Gains as Bonds Wait For Actionable Info
  Holding Last Week's Gains as Bonds Wait For Actionable Info Monday was an anticlimactic session relative to the average day offered up last week.  Friday was especially important as the market's anxiety over picking a size of the upcoming rate cut was on full display.  Fed Funds Futures didn't move much today and that's not […]
• Mortgage Rates Holding Near Long-Term Lows to Start New Week
  The average lender's top tier 30yr fixed rate fell to the lowest level since April 2023 last week. That's down more than 1.25% over the past 5 months.  During that time, economic data and the Fed's interpretation of the data have moved into better alignment with the idea of a rate cut cycle.  As always, […]
• Internal Audit, BI, Non-QM, LOS, Refi Research, Commercial Offerings; Freddie and Fannie News
  Forget ATR. What about ATN? The Ability to Nap. Here in Denver, at The Mortgage Collaborative event, napping is not on the agenda… Every lender out there is trying to improve their business, and many businesses can improved with creative methods. (Don’t try this with the kids!) Housing and politics are being discussed in the […]
• Sideways Start. Auctions and Inflation in Focus
  Despite heavy volume and volatility, Friday's trading session managed to conclude in roughly sideways territory.  The new week is starting off on a calmer note with more directional trading since 6am ET.  During that time, moderate overnight weakness yielded to steady buying, ultimately resulting in unchanged levels by 11am.  The first two days of the week […]
• Wild Ride on Jobs Day as Fed Speakers Steal The Show
  Wild Ride on Jobs Day as Fed Speakers Steal The Show We came into jobs report day expecting some clarity on the size of the Fed's impending rate cut and in hindsight, it's abundantly clear that traders felt the same way.  The only catch is that the lion's share of the clarity was reserved for […]
• Mortgage Rates Drop to Lowest Levels Since April 2023
  Mortgage rates have a long and storied history of making big moves on the day that the big monthly jobs report comes out.  In that regard, today was fairly normal.  Indeed, the jobs report came out and mortgage rates made their biggest move of the week, dropping to the lowest levels since April 2023. The […]
• Fair Lending, LOS, Warehouse Tools; The VA and NAR Commission Changes; Jobs Data Confirms Rate Direction
  “The credit card company called me to report suspicious activity... I asked what kind of suspicious activity, and they said someone made a payment.” “Well, I’ve got a job and try to put my money away. But I’ve got debts that no honest man can pay. So, I drew what I had from the Central […]
• Jobs Report Does Nothing to Resolve Fed Rate Cut Debate
  At first glance, this morning's jobs report suggested a modest but clearly-defined increase in the likelihood of a 50bp rate cut from the Fed in 2 weeks.  Headline nonfarm payrolls came in at 142k vs 160k forecast.  In addition, the past 2 months were revised down by a total of 144k.  As of today, that […]
• Jobs Data Poised to Influence Size of The Upcoming Rate Cut
  Jobs Data Poised to Influence Size of The Upcoming Rate Cut Thursday ended up being fairly uneventful for bonds, with the balance of data leaving us slightly better off.  ADP employment had the biggest positive impact and the selling pressure created by ISM Services was ultimately unable to argue a better case.  Friday's jobs report […]
• Lowest Rates in a Year and a Half. Friday Could Take Them Even Lower (Or Cause a Big Bounce)
  Wouldn't it be nice if you could know what was going to happen with mortgage rates before it actually happened?  Since the dawn of time in financial markets, there's someone who's willing to make a seemingly compelling prediction about the future for every person who's willing to believe such things are better than 50/50 guesses.  […]