Daily Mortgage News

Daily Mortgage News

Check out the daily mortgage news brought to you by our friends at Mortgage News Daily
COVID

Daily mortgage news help you to get information of loans available in market. Here you can find out more about loans that will be according to you needs. Latest updates on loan due to global pandemic are also available here. 

Click on the following links to read read more.

RSS Mortgage News Daily
  • Mortgage Rates Jump Higher. Is The Recovery Over? July 6, 2022
    Mortgage rates have been moving lower for the past 3 weeks after hitting the highest levels since 2008 in the middle of June.  This was a larger-scale repeat of a similar pattern that played out in the month of May.  Taken together, these patterns suggest the rate market is broadly trying to find a ceiling […]
  • Sharp Losses Offer a Reminder About The Range July 6, 2022
    Sharp Losses Offer a Reminder About The Range We first began to discuss the prevailing rate narrative on May 24th, just after rates hit their lowest levels in more than a month, saying "in an environment where we expect a volatile, sideways range to take shape, stronger gains only increase the odds of a bounce."  […]
  • Rates are Applying the Brakes to Appreciation. July 6, 2022
    The two-year explosion in home prices appears to be cooling a bit. Black Knight says annual appreciation was down in May for the second straight month. But has the damage already been done? The company, in its May Mortgage Monitor , notes that annual price growth retreated from 20.4 percent in April to 19.3 percent […]
  • Appraisal, Sales, Jumbo and Non-QM Products; Training and Events in July; Rates and Recession Fears July 6, 2022
    “I'm a multitasker. I can listen, ignore, and forget all at the same time!” We won’t, however, soon forget this part of the business cycle. “Rob, thank you for all your help placing ads for Ops staff for us. With the ‘Work from Home’ movement, and cutbacks, we don’t need all of this office furniture. […]
  • Mortgage Apps Pull Back Despite Lower Interest Rates July 6, 2022
    Mortgage application activities declined during the week ended July 1 after three straight weeks of improvement. The Mortgage Bankers Association (MBA) said many businesses closed early last Friday in anticipation of the long Independence Day weekend which may have contributed to the slowdown. MBA’s Market Composite Index, a measure of mortgage loan application volume, decreased […]
  • Beware The Bounce July 6, 2022
    The 2nd half of the last 2 months has been good for the bond market, as long as you're willing to overlook the fact that both multi-week rallies required new long-term high yields as a set-up.  Bigger buying sprees beget corrections, and if May's was big enough, then the current buying spree was already big […]
  • Mortgage Rates Hold Mostly Steady at Recent Lows July 5, 2022
    Mortgage rates hit 5.5% last Friday for the top tier conforming 30yr fixed scenario at the average lender.  That was the lowest since June 8th, just before the fateful CPI inflation data that kicked off a run to the highest rates in more than a decade less than a week later. Getting back to pre-CPI […]
  • Strong Start Balanced by Potential Resistance July 5, 2022
    Strong Start Balanced by Potential Resistance Bonds rallied early in the domestic session and again heading into the noon hour before finally giving up a portion of the gains heading into the PM hours.  A strong correlation with stocks, oil, and EU bonds suggests a simple "risk-off" thesis is as good an explanation as any.  […]
  • Warehouse, Customer Service, HELOC Products; Disaster News and NFIP Primer July 5, 2022
    “What do you get when you cross the Atlantic Ocean with the Titanic? Halfway.” We’ve crossed the halfway point of 2022, and where’s everyone’s attention? As always, lenders offer product, service, and price. Cheap HELOCs, 2nds, down payment assistance programs, and bond programs are in vogue, and any time the possibility of an insurance cut […]
  • Bonds Begin NFP Week Near Best Levels in a Month July 5, 2022
    Inflation fear/optimism vs global growth concerns... that is the headline at the moment--not just for the domestic bond market, but for the entire global market in general.  EU and US inflation data (on May 31st and June 10th respectively) led 3 weeks of steep selling ahead of the June 15th Fed announcement.  Since then, bonds […]
Mortgage Rates Start Higher, But Improve in The Afternoon

Posted To: Mortgage Rate WatchMortgage rates are only adjusted once per day by default. From there, the underlying bond market would need to improve or deteriorate by a certain amount for the average lender to go to the trouble of a mid-day reprice. A small handful of lenders did that last Friday (bonds were deteriorating), […]

August 23, 2021

Matthew Graham

MBS RECAP: Treasuries Slide Sideways as MBS Outperform

Posted To: MBS CommentaryTreasuries Slide Sideways as MBS Outperform The most notable development today was the outperformance on the part of MBS. The most obvious culprit would be the looming Treasury auction cycle logically causing more anxiety for Treasuries. There’s also the distinct steepening of the yield curve, which tends to favor MBS when it’s […]

August 23, 2021

Matthew Graham

Existing Home Sales Back on the Rise as Inventories Improve

Posted To: MND NewsWireExisting homes sales posted the second consecutive increase in July after breaking out of a slump in June that had endured for four months. The National Association of Realtors®, (NAR) said sales of pre-owned single-family houses, town houses, condominiums, and cooperative apartments rose to a seasonally adjusted annual rate of 5.99 million […]

August 23, 2021

Jann Swanson

MBS Week Ahead: What is Jackson Hole (And What it Isn’t)

Posted To: MBS CommentaryThe Fed’s annual Jackson Hole symposium has often served as a venue for the Fed Chair to offer a sneak preview of impending policy changes or simply to provide a more candid assessment of how the Fed may react to potential changes in employment and inflation heading into the new year. While […]

August 23, 2021

Matthew Graham

Ops, MLO jobs; Whole Loan Sales, Jumbo, QC, Home Buying Education Products; Freddie and Fannie Changes

Posted To: Pipeline PressFires in California, floods in Tennessee, hurricanes in New York, COVID hospitalizations seemingly everywhere written up by the press. The “fun” never ends. Here in Orange County, at the California MBA’s Western Secondary, the talk in the hallways is focused not so much on huge shifts, because it looks like Freddie, Fannie, […]

August 23, 2021

Rob Chrisman

Rates Stuck in The Middle

Posted To: Mortgage Rate WatchRates are on hold until the next chapter is written in the complex saga of covid versus the market. This isn’t to say rates perfectly flat–simply that the prevailing momentum has been sideways for the past few weeks. Since mortgage rates only change once or twice a day, we can use […]

August 20, 2021

Matthew Graham

MBS RECAP: Moderate Weakness For Uneventful Reasons

Posted To: MBS CommentaryModerate Weakness For Uneventful Reasons Bonds lost some ground today with 10yr yields up roughly 2bps heading into the 3pm CME close and 2.0 MBS down an eighth of a point. Viewed holistically, the week was very calm and yields ended right in the middle of the range (1.22-1.30% in the narrowest […]

August 20, 2021

Matthew Graham

Fannie Mae Says COVID-19 Surge Won’t Impact Growth. Probably.

Posted To: MND NewsWireFannie Mae’s economists provided a mixed forecast this month. The baseline view of the company’s Economic and Strategic Research (ESR) group is for the recent virus surge to drag modestly on consumers’ services consumption in the near term and modestly worsen supply chain disruptions abroad, but they don’t think it will prevent […]

August 20, 2021

Jann Swanson

Although Dwindling, Serious Delinquencies Still a Concern

Posted To: MND NewsWireThe federal foreclosure moratoria expired at the end of July and, with some 1.45 million borrowers seriously delinquent on their mortgages but not in foreclosure, Black Knight says, “potential foreclosure activity in the coming months warrants close observation.” The majority of those seriously delinquent mortgages, however, are still in active forbearance plans. […]

August 20, 2021

Jann Swanson

Sales Mgt., MLO Jobs; HELOC, Warehouse, Blockchain, Licensing Tools; News on Jumbo and Non-QM Products

Posted To: Pipeline PressWho wants to work on a Friday in summer? Not me! I was pleased to find the Type The Alphabet Game , which times you on how fast you type the alphabet. Fun, and doesn’t take much time. For something different, and some of you may need a tissue when reading it, […]

August 20, 2021

Rob Chrisman

MBS Day Ahead: Random Volatility Risks As Traders Tune Out

Posted To: MBS CommentaryIt’s a good time to revisit the primer on illiquidity unless the term is 2nd nature for you ( here it is ). Illiquidity is definitely a factor today as traders have undoubtedly targeted it as a perfect candidate for a 3-5 day weekend due to the absence of any relevant events […]

August 20, 2021

Matthew Graham

Fannie’s New Rental History Credit Boost Not as Simple as it Sound

Posted To: MND NewsWireIt seemed like a simple solution for expanding the credit profile of many first-time homebuyers, but Fannie Mae’s new plan to utilize rent payment history to that end will not immediately remedy the situation. Linda Goodman and Jun Zhu, in a new post on the Urban Institute’s (UI’s) Urban Wire blog, say […]

August 19, 2021

Jann Swanson

Builders Pull Back on Housing Starts

Posted To: MND NewsWireIt seemed like a simple solution for expanding the credit profile of many first-time homebuyers, but Fannie Mae’s new plan to utilize rent payment history to that end will not immediately remedy the situation. Linda Goodman and Jun Zhu, in a new post on the Urban Institute’s (UI’s) Urban Wire blog, say […]

August 19, 2021

Jann Swanson

MBS RECAP: Bonds Finally Have a Boring Day

Posted To: MBS CommentaryBonds Finally Have a Boring Day 10yr yields traded in a range of less than 3bps during the domestic session today. From 10:30am on, that range narrowed to only 1bp. We haven’t had a day like this in a while–3+ weeks at the very least. When things are flat and boring, there’s […]

August 19, 2021

Matthew Graham

Mortgage Rates Near 2-Week Lows

Posted To: Mortgage Rate WatchMortgage rates were slightly lower today as the bond market improved for the 2nd straight day. When bonds prices move higher, bond yields (or rates) move lower, all other things being equal. In the current case, bonds were generally cautious heading into yesterday’s reading of the minutes from the most recent […]

August 19, 2021

Matthew Graham

Compare listings

Compare
Call Now ButtonCall Us Now!