Delivered to over
70,000+ industry professionals
each day, the Daily Newsletter is the
definitive recap of the day's most
relevant mortgage and real estate news and data. View the latest Newsletter below.
View our most recent newsletter below, or use the date selector to view past newsletters.
Don't believe anything you read about mortgage rates today... well, except this . In fact, you're welcome to believe anything you read as long as it acknowledges the fact that rates have risen nearly a quarter of a point from last week, pushing them well into the highest levels in more than 2 years . The average top tier conventional 30yr fixed rate is quickly approaching 4.5%. Nearly every lender that was at 4.125% last week is now at 4.375%. Lenders who were at 4.25% last week are mostly up to 4.5%. The overall spike in rates since the election is now on par with the 2013 taper tantrum. You'll hear time and again "don't worry... rates are historically low..." and my personal favorite "for every .125% in rate, the payment only rises $7 per $100k borrowed." All of that is true, except perhaps
Mortgage Rate Watch
|
|
Don't believe anything you read about mortgage rates today... well, except this . In fact, you're welcome to believe anything you read as long as it acknowledges the fact that rates have risen nearly a quarter of a point from last week, pushing them ... (read more)
|
|
Housing News
|
|
Housing starts retrenched in November , taking back much of their spectacular gains of October, while permits continued to display the general weakness that has prevailed since mid-summer. The U.S. Census Bureau and Department of Housing and Urban De... (read more)
|
|
Rob Chrisman
|
|
The Fed reports US household net worth soared to a record $90.2 trillion in Q3, as the stock market jumped and housing prices increased. One group of businesses that has certainly seen an uptick in business market share is credit unions. But all is n... (read more)
|
|
MBS Commentary
|
|
NOTE: This paragraph will be at the top of the Day Ahead for a few weeks. Once you've read it, feel free to skip it. The Day Ahead has long been my venue to offer deep thoughts with a mix of big-picture and near-term technical considerati... (read more)
|
|
Housing News
|
|
The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) soared by 7 points in December, reaching a level of 70, the highest reading since July 2005. An NAHB spokesman credited the increase to a "post-election bounce." The Ind... (read more)
|
|
MBS Commentary
|
|
If you read anything I write today, make it The Day Ahead: The Death of a Long Term Trend; A Definitive Assessment.
If you want to read more, here's a recap of today's action.
This wasn't the typical "day-after-Fed" trading day for US bond mark... (read more)
|
|
|
|
|