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
  • 5 for 5 on Uneventful Trading Days; Next Week Should be Different January 27, 2023
    5 for 5 on Uneventful Trading Days; Next Week Should be Different Heading into this week, if we had to guess, we would have expected things to look about how they looked.  Specifically, yields didn't challenge the trading range and economic data wouldn't have a huge impact on bonds.  Perhaps that would have been different […]
  • The Most Stable Mortgage Rate Trend Since 2021 January 27, 2023
    There are those who always try to portray the glass as being half full when it comes to the housing market. Then there are those who love a full glass, but who also call it like they see it. Right now, each camp has something to agree on: the glass is more full than it […]
  • Latest Home Sales Data Adds to Case For a Bounce January 27, 2023
    For those in the housing and mortgage market, there's certainly been a shift in the tone over the past few weeks.  I can't speak for everyone in that market, but in daily conversations with mortgage originators, the topic of an uptick in home sales is coming up for the first time in quite a while.   […]
  • PCE Inflation Joins The Ho-Hum Chorus; What's up With Money Supply? January 27, 2023
    The two reports most capable of surprising the market this week were Thursday's GDP and Friday's PCE.  While it's always good to maintain some respect for potential surprises, weren't looking for any major revelations in terms of the market's reaction.  By some combination of their 2nd tier nature and the fact that they came in […]
  • Point of Sale, Appraisal, Outsourcing, Appraisal Products; Mergers and Lender Closures Continue January 27, 2023
    Every lender or investor with an “a” in their name seems to be subject to rumors and news in recent months. (More on Flagstar and American Pacific below.) Know anyone named “Bernadette”? The name is actually Latin for, “The act of torching a mortgage.” (Yes, it is cutting edge humor like that which brings you […]
  • No Major Reaction to Data Means More Focus on Next Week January 26, 2023
    No Major Reaction to Data Means More Focus on Next Week Thursday morning's economic data provided one of only two major opportunities for this week's scheduled events to ruffle the bond market's feathers.  Despite a trifecta of stronger numbers (Claims, GDP, Durable Goods), bonds were right back to pre-data levels in less than an hour.  […]
  • Mortgage Rates Hold Almost Perfectly Steady January 26, 2023
    Scheduled economic reports are one of the first places the market looks to get a read on interest rate momentum.  Of all the days this week, Thursday boasted the highest concentration of potentially relevant data.  Nonetheless, rates barely budged. In fact, the average lender is perfectly in line with yesterday's latest rate offerings.  This is […]
  • New Home Sales Look Like They Want to Bounce January 26, 2023
    The Census Bureau's regularly scheduled monthly report on New Home Sales was released this morning.  The annual pace of 616k was right in line with the median forecast of 617k.  This is technically an improvement, but only because the previous month was revised down to 602k from 640k. In the big picture, it doesn't much […]
  • Stronger Data Only a Small Speed Bump For Sideways Slide January 26, 2023
    Thursday's opening commentary could very well end up being the closing commentary.  We came into the day entertaining the possibility that economic data could make a dent in this week's sideways momentum.  It looked like it might do just that for a few moments, but trading levels quickly corrected back to pre-data levels.  Now we […]
  • Lead Source, Secondary Marketing, Income Verification, Marketing Tools; FHA VA, Ginnie News January 26, 2023
    The most dangerous statement in the English language is, “But we’ve always done it this way.” Referral business has always been a mainstay in our biz, and is not “against the law,” but oddly enough one topic that has come up a few times here in San Diego at the MBA’s conference is continued talk […]
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!