Mortgage News Daily

  • Who’s Lying About The Spike in Mortgage Rates?
    by Matthew Graham on September 24, 2021 at 11:41 pm

    Posted To: Mortgage Rate WatchAs recently as Thursday, news outlets were reporting mortgage rates had only risen modestly this week with 30yr fixed rates still well under 3.00%. In fact, they were already well over 3.00% by then. So who’s lying to you? Perhaps no one! Thursday’s news fell victim to […]

  • MBS RECAP: Range Breakout or New Trend Channel?
    by Matthew Graham on September 24, 2021 at 7:37 pm

    Posted To: MBS CommentaryRange Breakout or New Trend Channel? It was an interesting trading session in the bond market as Treasury yields closed at their weakest levels at the same time that MBS were at their strongest levels. This uncommon scenario was made possible by a combination of previous […]

  • New Home Sales Recovery Continued in August
    by Jann Swanson on September 24, 2021 at 3:36 pm

    Posted To: MND NewsWireSales of newly constructed homes performed better than expected in August but remain well behind the pace set in August 2020. The U.S. Census Bureau and Department of Housing and Urban Development say that sales during the month were at a seasonally adjusted annual rate of […]

  • MBS Morning: The Breakout is Here. What Now?
    by Matthew Graham on September 24, 2021 at 2:47 pm

    Posted To: MBS CommentaryAs early as 4 months ago, we’d been eyeing late September as do or die time for the low rate environment. By early September, we had a very clear picture of the consolidation pattern in rates and very clear notion of this week’s Fed announcement serving to inform the […]

  • MLO Jobs; Whole Loan Trading, Servicing, Digital, Jumbo, Automation Products; Conforming Conventional Updates
    by Rob Chrisman on September 24, 2021 at 2:37 pm

    Posted To: Pipeline PressFirst off, my apologies to Ernest Hemingway whose name I mistakenly wrote as “Earnest.” Thank you to those who pointed that out. Second… Okay… I see my share of clever and funny videos. But this one is a “must watch,” superb and short, about adults returning to […]

  • Underwater Homeowners Effectively Bailed-Out By Equity Surge
    by Jann Swanson on September 23, 2021 at 7:54 pm

    Posted To: MND NewsWireHomeowner equity grew $2.9 trillion nationwide from the second quarter of 2020 to the same quarter this year. CoreLogic’s Homeowner Equity Report shows U.S. homeowners who have mortgages (which account for roughly 63 percent of all residential properties) saw their equity […]

  • Foreclosure Starts Rise Following Moratorium Expiration
    by Jann Swanson on September 23, 2021 at 7:52 pm

    Posted To: MND NewsWireDelinquencies hit a new post-pandemic low in August as the national delinquency rate fell by 84,000 loans or 3.48 percent compared to July. It was 41.84 percent below the level in August of 2020. Black Knight, in its “first look” at the months loan performance data, said the […]

  • First-Time Buyer Share Slips as Prices Rise for 114th Month
    by Jann Swanson on September 23, 2021 at 7:49 pm

    Posted To: MND NewsWireExisting home sales ended two months of gains in August, falling 2.0 percent on a seasonally adjusted basis from the previous month. The National Association of Realtors® (NAR) said preowned single-family homes, townhomes, condominiums, and cooperative apartments sold at an […]

  • Mortgage Rates Are Actually MUCH Higher This Week
    by Matthew Graham on September 23, 2021 at 7:28 pm

    Posted To: Mortgage Rate WatchMortgage rates jumped substantially higher today as global markets reacted to yesterday’s Fed announcement. But that’s really just scratching the surface. The Fed is a convenient talking point because simply due to timing and the absence of another obvious, singular […]

  • MBS RECAP: What’s Up With Today’s Big Sell-Off?
    by Matthew Graham on September 23, 2021 at 6:41 pm

    Posted To: MBS CommentaryWhat’s Up With Today’s Big Sell-Off? It’s not nearly as surprising to see bond yields breaking technical ceilings today as it was to see them bouncing at a technical floor yesterday. By confirming the taper timeline, the Fed effectively stood aside and allowed nature to […]