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on Fri Aug 1 2014, 11:40 AM
I cannot imagine strength until after ISM...still a waiting game. Plus, just like yesterday's weakness in stocks helped us from going further south quickly, today's recovery could dampen potential gains IMO
Jeff Anderson
Loan Officer, Salem Five
on Fri Aug 1 2014, 11:40 AM
Here it comes. Still digesting. Maybe the traders are on decaf this AM.
Andy Pada
VP, 1st 2nd Mortgage Co.
on Fri Aug 1 2014, 11:40 AM
none of the data which has been favorable to us has been able to dent the GDP momentum.
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Fri Aug 1 2014, 11:40 AM
would like to see some more strength than we're getting
Sung Kim
Originator / LO, McLean Mortgage Corp.
on Fri Aug 1 2014, 11:40 AM
we are fine
Andy Pada
VP, 1st 2nd Mortgage Co.
on Fri Aug 1 2014, 11:40 AM
this reaction doesn't bode well
on Fri Aug 1 2014, 11:35 AM
PS I'm loving the mobile version of the new site, MG
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Fri Aug 1 2014, 11:34 AM
RTRS- U.S. LABOR FORCE PARTICIPATION RATE 62.9 PCT IN JULY VS 62.8 PCT IN JUNE (PREV 62.8 PCT)
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Fri Aug 1 2014, 11:34 AM
RTRS - U.S. JULY JOBLESS RATE 6.2 PCT (CONSENSUS 6.1 PCT) VS JUNE 6.1 PCT (PREV 6.1 PCT)
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Fri Aug 1 2014, 11:33 AM
RTRS - U.S. JULY NONFARM PAYROLLS +209,000 (CONSENSUS +233,000) VS JUNE +298,000 (PREV +288,000), MAY +229,000 (PREV +224,000)
Matt Hodges
Charlottesville Sales Manager, Presidential Mortgage Group
on Fri Aug 1 2014, 11:33 AM
MG's commentary is short, sweet and on point.
Victor Burek
Mortgage Planner, Open Mortgage
on Thu Jul 31 2014, 4:42 PM
TrimTabs Investment Research shows a much rosier picture for July. This report showed that the United States added a whopping 306,000 jobs in July.
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Thu Jul 31 2014, 4:42 PM
On a serious note Josh, a negative surprise would be quite a surprise for markets. I think there's a lot of faith in the forecast. Almost every other employment indicator from July was solid. The ones that weren't solid were only slightly off or distorted for specific reasons.
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Thu Jul 31 2014, 4:42 PM
If overall job creation is higher than expected, it could be challenging for rates to improve.
on Thu Jul 31 2014, 4:41 PM
Whats the overall thought on tomorrow?
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Thu Jul 31 2014, 12:18 PM
nice MD. Thank you. There is some cool new functionality as well, especially with the custom alerts.
on Thu Jul 31 2014, 12:18 PM
MG: The new layout / options on this site are a huge upgrade on an already great service. It's the topic of my sales meeting next Monday. Great stuff.
on Thu Jul 31 2014, 12:12 PM
Now we just need a miss on NFP and ISM tomorrow and maybe we can crawl back out of this hole a bit
Andy Pada
VP, 1st 2nd Mortgage Co.
on Thu Jul 31 2014, 12:12 PM
is this enough of a tackle to stop the GDP running game?
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Thu Jul 31 2014, 12:12 PM
RTRS- CHICAGO PURCHASING MANAGEMENT INDEX LOWEST SINCE JUNE 2013
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Thu Jul 31 2014, 12:12 PM
RTRS- CHICAGO PURCHASING MANAGEMENT INDEX 52.6 IN JULY (CONSENSUS 63.0) VS 62.6 IN JUNE
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Thu Jul 31 2014, 12:12 PM
you can usually guess based on what the market is doing at that time.
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Thu Jul 31 2014, 12:12 PM
some traders get it at 9:42
Brent Borcherding
Loan Officer, Capital M Lending
on Thu Jul 31 2014, 12:11 PM
Whisper PMI?
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Thu Jul 31 2014, 12:11 PM
looks like Chi PMI is gonna miss
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Thu Jul 31 2014, 12:10 PM
RTRS - US JOBLESS CLAIMS ROSE TO 302,000 JULY 26 WEEK (CONSENSUS 301,000) FROM 279,000 PRIOR WEEK (PREVIOUS 284,000)
Victor Burek
Mortgage Planner, Open Mortgage
on Thu Jul 31 2014, 11:42 AM
let us know if you have any questions...tons of great info on this site, and tons of knowledgeable people who will gladly help
Victor Burek
Mortgage Planner, Open Mortgage
on Thu Jul 31 2014, 11:42 AM
welcome to the site Ryan
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Wed Jul 30 2014, 4:45 PM
In general, you'll find ample discussion on pros/cons with respect to relevant considerations affecting rates in the near future, but ultimately a vocal recommendation to arrive at your own lock/float conclusions with clients. In general (again), I think lock/float recommendations beyond the scope of "intraday reprice risk" do a disservice to an originator's creative process. The guys reaping the biggest benefits from the site are those who embrace that concept most fully.
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Wed Jul 30 2014, 12:40 PM
Very nicely said Philip.
Christopher Stevens
Secondary Marketing Manager, Premium Mortgage Corp
on Wed Jul 30 2014, 12:30 PM
If say that's a hard bounce off 2.47!
Tony Cardinal
Regional Manager, Milend, Inc.
on Wed Jul 30 2014, 12:29 PM
Sheesh
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Wed Jul 30 2014, 12:29 PM
RTRS- US ADVANCE Q2 GDP +4.0 PCT (CONSENSUS +3.0 PCT) VS Q1 -2.1 PCT; FINAL SALES +2.3 PCT (CONS +2.0 PCT), Q1 -1.0 PCT
Aaron Meyer
Mortgage Officer, Settlers Bank
on Wed Jul 30 2014, 12:29 PM
3.6+
B-C
Manager/Loan Originator, Vanguard Funding LLC
on Wed Jul 30 2014, 12:29 PM
3.9
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Wed Jul 30 2014, 12:29 PM
4+! I'm very scared
Victor Burek
Mortgage Planner, Open Mortgage
on Wed Jul 30 2014, 12:29 PM
above 0, below 5.0
Oliver Orlicki
Senior Loan Originator, Innovative Mortgage Services
on Wed Jul 30 2014, 12:29 PM
2.3
Oliver Orlicki
Senior Loan Originator, Innovative Mortgage Services
on Wed Jul 30 2014, 12:29 PM
guesses on gdp
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Wed Jul 30 2014, 12:29 PM
not an assumption. It kind of "is what it is" WM. It had been doing a much better job in 2013, then fell off the wagon in 2014. It's always to be taken with a grain of salt, but will also always mean something if it's far from consensus. This one was exceptionally close to consensus, so it has very little impact, but at the very least, doesn't suggest what last month's did (and correctly so, I might add)
William McGuirt
Originator / LO, Sebonic Financial
on Wed Jul 30 2014, 12:29 PM
so now t he assumption is that adp is not the best nfp forecast anyway
Matt Hodges
Charlottesville Sales Manager, Presidential Mortgage Group
on Wed Jul 30 2014, 12:28 PM
you all have 8 minutes: http://mndne.ws/11pZGyA
Matt Hodges
Charlottesville Sales Manager, Presidential Mortgage Group
on Wed Jul 30 2014, 12:28 PM
time for me to re-read GUTFLOP
Matt Hodges
Charlottesville Sales Manager, Presidential Mortgage Group
on Wed Jul 30 2014, 12:28 PM
better to have locked when you should have floated than floated when you should have locked.... important life lesson
Jon Bodan
President, The Perpetual Financial Group, Inc.
on Wed Jul 30 2014, 12:28 PM
Been out all AM....boy, I'm glad I locked up everything Monday. Tuesday was a fakeout making me second guess myself....
on Wed Jul 30 2014, 12:28 PM
Love this site. All locked up and very relieved
Victor Burek
Mortgage Planner, Open Mortgage
on Wed Jul 30 2014, 12:05 PM
Canada, Germany and the Netherlands: In these countries, rollover mortgages are popular. A rollover loan essentially requires the borrower to renew the mortgage at market interest rates at regular intervals, such as every five or 10 years. You can also refinance using another lender, but prepayment penalties are the rule, at least during the fixed-rate period. Throughout Europe, adjustable-rate loans are popular because their interest rates are considerably lower than fixed-rate loans. Also, hyb
Sung Kim
Originator / LO, McLean Mortgage Corp.
on Wed Jul 30 2014, 12:05 PM
well, most other countries also do not have as well a developed credit reporting system, so the idea that someone will give a 30 year term without appropriate credit history is difficult as well
John Paul Mulchay
Mortgage Consultant, CMG Financial
on Wed Jul 30 2014, 12:05 PM
"Well developed credit reporting system" is a bit of a stretch. I've been finding it to be nearly comical in how inaccurate the reporting can be at the expense of the average consumer.
Matthew Graham
Chief Operating Officer, Mortgage News Daily / MBS Live
on Wed Jul 30 2014, 12:04 PM
I feel like I write some important stuff sometimes and that it's not absorbed.
 

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