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The latest mortgage news, from the most reliable sources, all in one place.
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Sun, 17 Dec 2017 16:07:25 GMT |
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Thu, 19 Sep 2013 17:17:05 GMT |
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Mon, 18 Dec 2017 12:24:28 GMT |
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Fri, 07 Dec 2018 05:41:51 GMT |
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Sun, 17 Dec 2017 16:07:26 GMT |
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MBS RECAP: Bonds Snooze Through Data and Infrastructure Bill |
Posted To: MBS Commentary Bonds Snooze Through Data and Infrastructure Bill The day began with a morning of lackluster econ data being met with a yawn from the bond market. A few hours later, the long-awaited infrastructure bill finally arrived to a similarly lukewarm reception. As expected, it took a long time and was ultimately pared down significantly. With markets having already done so much to prepare, there was nothing left to do but hit snooze again. Finally, the 7yr Treasury auction wasn't nearly interesting enough for bonds to get out of bed. Trading levels were basically flat for the entire day. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Jobless Claims 411k vs 380k f'cast, 418 prev Durable Goods 2.3 vs 2.8 f'cast. (previous reading revised to -0.8 from -1.3) Core Cap-Ex -0.1 vs 0.6 f'cast...(read more) |
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Mortgage Rates Are Actually LOWER This Week |
Posted To: Mortgage Rate Watch Mortgage rates hit their lowest levels in a week yesterday and are sideways to slightly lower today, depending on the lender. These facts are not well represented in the news today, where you're more likely to see stories about rates being much higher this week. What's up with the discrepancy? As is often the case on Thursdays, we have Freddie Mac's weekly mortgage rate survey letting us know how Monday's rates compared to last Monday's rates. Indeed, rates were noticeably higher on Monday , week-over-week. But it's Thursday now, and we're generally more interested in the rates that are available today compared to those seen last week. (NOTE: Freddie doesn't intentionally measure Monday vs Monday. That's just the way it ends up happening due to the behavior of survey respondents). If you saw...(read more) |
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Biden Appoints New FHFA Director |
Posted To: MND NewsWire The White House didn't waste any time after a Supreme Court ruling allowed it to do so, removing Mark Calabria as Director of the Federal Housing Finance Agency (FHFA) late Wednesday. Earlier that day the Court had released their 7-2 ruling that the inability to remove the agency director during a five year term except for cause was a violation of the Constitution's separation of powers. As it was speculated it would, the White House has now announced the appointment of Sandra L. Thompson as the Acting Director of FHFA . Thompson has served as Deputy Director of FHFA's Division of Housing Mission and Goals (DHMG) since 2013. In this position she has overseen the agency's housing and regulatory policy, capital policy, financial analysis, fair lending and all mission activities for Fannie Mae...(read more) |
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