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Mortgage News Daily Thu, 16 Aug 2018 19:44:33 GMT  

MBS RECAP: Bonds End Unchanged After Mid-Day Scare

Posted To: MBS Commentary

Treasuries were weaker at the start of the overnight session as renewed US/China trade negotiations propelled global equities markets higher. The hallmark of yesterday's overnight session was a sharp drop in Chinese stock futures which spilled over to US markets throughout the day. In other words, today was a reversal of yesterday. Granted, the trade-related news wasn't the only motivation, but it was definitely in play when Chinese equities opened at 9:30pm. Before that, there were some positive undercurrents in place from the morning's economic data. An exceptionally and surprisingly weak Philly Fed Index fueled a moderate rally at the that lasted until the 9:30am NYSE Open. From there, US equities took over as the key guidance-giver for bonds. Stocks spiked at the open and Treasury...(read more)

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Mortgage Rate Misinformation Run Amok!

Posted To: Mortgage Rate Watch

Be careful what you read--or perhaps, who you trust--about mortgage rates today. There's a lot of misinformation out there. Don't be mad. No one is out to get you. No one is out to intentionally deceive you (at least not when it comes to today's mortgage rate news. Rather, the misinformation is a byproduct of a few unfortunate realities that we contend with on a regular basis. The first reality is that Freddie Mac's weekly rate survey is widely relied upon by media outlets. There's nothing wrong with Freddie's data as long as you understand what you're getting. It is a stale, loosely accurate report of what a few lenders are offering on a few days of any given week. Over time (preferably, a LONG time), it does a nearly perfect job of capturing the ups and down in mortgage rates. The problem...(read more)

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Purchase Origination Share Remains at Survey High

Posted To: MND NewsWire

Purchase loans held on to the June share of 71 percent of closed loans in July which remains the highest share in the seven-year history of Ellie Mae's Origination Insight Report . Refinances also held steady, remaining at 29 percent although the percentage of refinancing through the VA gained 2 percentage points to 25 percent. Conventional and FHA stayed at 31 and 19 percent respectively. The distribution of new loans remained the same as in June as well, with 66 percent of originations going to conventional loans, 20 percent FHA, and VA loans accounting for 10 percent. The share of Adjustable Rate Mortgages (ARMs) dropped to 6.6 percent from 6.9 percent the previous month. "The purchase market remained solid in July and as we see inventories rise, we might begin to see a transition to a buyer...(read more)

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mortgage, refinance mortgage, home mortgage, mortgage calculator
Mon, 18 Dec 2017 12:24:31 GMT  


http://news.search.yahoo.com/news/rss?p=mortgage&ei=UTF-8&fl=0&x=wrt Thu, 16 Aug 2018 19:44:34 GMT  


This is Money | Mortgages & homes Thu, 23 Jun 2011 23:22:24 GMT  

Fixed rate mortgage cuts tempt borrowers
Homeowners have more cheap mortgages to choose from as two-year fixes fall back to below 3% and the best five-year fixes sneak under 4% monopoly houses and a key
Estate agents sell just one home a week
Estate agents are selling an average of one property a week as the housing slump worsens, the Royal Institution of Chartered Surveyors said today A woman looking at an estate agent's window
House prices: What next?
We analyse house price news and predictions and investigate what is next for the UK property market House and money

Sat, 21 Jul 2018 11:40:39 GMT  


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