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 dropped like a rock today . This has absolutely nothing to do with yesterday's Fed rate cut, a little to do with the market reaction to the verbiage in yesterday's Fed announcement, and a lot to do with today's new developments. Chinese officials were cited as questioning the viability of the much-touted trade deal overnight. The trade deal is important to financial markets because it's thought to be an easy way to increase global economic growth--something that is typically bad for rates. As such, the questioning of the deal was good for rates. On top of that, there was also an exceptionally weaker economic report out this morning--one that's often seen as a bit of an advance indicator of several other important reports coming out in the next 3 business days. The bond market
Mortgage Rate Watch
|
|
Mortgage rates dropped like a rock today . This has absolutely nothing to do with yesterday's Fed rate cut, a little to do with the market reaction to the verbiage in yesterday's Fed announcement, and a lot to do with today's new developments. Chines... (read more)
|
|
MBS Commentary
|
|
Bonds rallied big yesterday on a combination of factors. These included a rejection of the Trump administration's claimed timeline for the US/China trade deal with sources citing Chinese officials and a super weak reading on Chicago PMI. ... (read more)
|
|
Rob Chrisman
|
|
Welcome to “Bring Your Kid’s Candy to Work” Day, when candy bowls at receptionist’s desks and lunchrooms are brimming with treats worth a gander. What is also worth a gander, besides the Agencies announcing the threshold for s... (read more)
|
|
Housing News
|
|
Freddie Mac's end-of-the-month forecast for October was exceptionally brief, perhaps in recognition that it has all been said before. The economy is strong but slowing, the labor market is tight and so is the housing inventory. Instead, Freddie's Eco... (read more)
|
|
Housing News
|
|
Both of the government sponsored enterprises (GSEs) posted strong earnings in the third quarter of the year. Freddie Mac announced comprehensive income of $1.8 billion while Fannie Mae's was $4.0 billion. Freddie Mac said its income was essentially u... (read more)
|
|
Housing News
|
|
The Census Bureau reports that the homeownership rate, while up fractionally in the third quarter of this year compared to Quarter 2, was essentially unchanged from one year earlier. The Bureau's Vacancies and Homeownership Report put the national ra... (read more)
|
|
|
|
|