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.
Mortgage rates were steady again today, holding on to the improvements seen yesterday afternoon following a surprise "flash rally" in bond markets. Such flash moves always create the risk that rates will experience a correction that takes them quickly back in the other direction, so today's "flat" performance is actually fairly positive in the bigger picture. Still, neither today nor yesterday's rate levels are even close to recent extremes. In order to see those boundaries tested (for better or worse) we'll need to wait for the more important events on tap for next week. These include several major economic reports as well as policy announcements from the Fed and the European Central Bank. Loan Originator Perspective Bond markets slumbered through a quiet Friday, retaining a portion of yesterday
Mortgage Rate Watch
|
|
Mortgage rates were steady again today, holding on to the improvements seen yesterday afternoon following a surprise "flash rally" in bond markets. Such flash moves always create the risk that rates will experience a correction that takes them quickl... (read more)
|
|
Housing News
|
|
Despite declining consumer confidence about buying a home, Fannie Mae's Home Purchase Sentiment Index® (HPSI) hit a second consecutive survey high in May. The Index, which distills some of the responses from the National Housing Survey, rose 0.6 ... (read more)
|
|
Rob Chrisman
|
|
For me this week includes time in Indianapolis and Chicago. Once again, I am impressed by the talent in residential lending – the industry is filled with people helping clients and wanting to do it in a compliant, fair, and economical manner. B... (read more)
|
|
MBS Commentary
|
|
The day is young, but the fact that we're starting out with much of yesterday's "flash" rally intact means that new doors are opening for bonds.
Next week's central bank announcements are--well... central to any assessment of near term... (read more)
|
|
MBS Commentary
|
|
Today ended up being all about the early afternoon "flash crash" in bond yields (from 2.94 to 2.884% in fairly short order). While they're not common, these sorts of things do happen from time to time. The most notable past example in Oct... (read more)
|
|
MBS Commentary
|
|
What a quiet and boring trading session it was! Well, to be fair, there's still half an hour left as I type this, but most bond market participants mark the end of the day at 3pm E.T. By that time, we were almost perfectly unchanged and... (read more)
|
|
|
|
|