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It's been a while since the bond market (which dictates rates) has been able to digest what we would consider to be a "top tier" economic report. Why do we care about such things? Simply put, economic data is one of the key considerations for bonds. Stronger data tends to promote bond selling and thus higher mortgage rates . Conversely, when the data is weaker than expected, it generally coincides with rates holding ground or moving lower. The "all other things being equal" caveat is imperative when it comes to economic data's impact on rates. There are certainly other factors that can supersede even the most important reports. That said, the other things are rarely scheduled in advance unless we're talking about monetary policy updates from the Fed or other major central banks. So will tomorrow
Mortgage Rate Watch
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It's been a while since the bond market (which dictates rates) has been able to digest what we would consider to be a "top tier" economic report. Why do we care about such things? Simply put, economic data is one of the key considerations for bonds. ... (read more)
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Housing News
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According to Lawrence Yun, chief economist for the National Association of Realtors® (NAR), a typical homeowner in the U.S. saw his or her housing wealth increase by $9,500 over the past year. Yun commented in NAR's first quarter report on existi... (read more)
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Rob Chrisman
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What’s in a name? Lots. Try asking someone what “gluten” is. ( Here’s a comical look at that.) Try asking someone in our business what the difference is between a “mortgage” and a “deed of trust.” How a... (read more)
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Housing News
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With mortgage delinquencies continuing to be at historic lows, CoreLogic points to natural disasters as a significant cause of the slight deterioration of loan performance in a few local markets. The company's Loan Performance Insights report for Feb... (read more)
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Housing News
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Declining property values, while modest and localized, may be taking a toll on homeowner safety margins. ATTOM Data Solutions has released its first quarter 2019 Home Equity and Underwater Mortgage Report and notes that 5.22 million U.S. properties w... (read more)
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MBS Commentary
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From a volume standpoint, today was only a bit more than half as big as the highest recent days. And you'd have to go back to April to find anything lower--at least as far as the bond market is concerned. The same goes for the trading... (read more)
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