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This week is relatively limited in terms of economic data. We will get our first look at big home sales reports for March (both "New" and "Existing"), but those numbers are largely driven by activity that took place before much of the nation ...
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MBS Commentary
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This week is relatively limited in terms of economic data. We will get our first look at big home sales reports for March (both "New" and "Existing"), but those numbers are largely driven by activity that took place before much of the nation ... (read more) |
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Rob Chrisman
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As oil prices plummet this morning, while in captivity, uninterrupted sleep is a good thing. I know for a fact that the staff of the Mortgage Bankers Association, including President Bob Broeksmit, is not getting much of it. It is important to be uni... (read more) |
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Housing News
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Fannie Mae's April Economic Developments summary is, like Freddie Mac's, relatively optimistic only because they see the impact of the pandemic as being very short lived. However, in the interim, some of the numbers they forecast are hard to hear. In... (read more) |
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Mortgage Rate Watch
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Mortgage rates continue showing a willingness to play by at least a few of the same rules that typically apply. Most of the rules went out the window as the market reacted to coronavirus--specifically the unprecedented joblessness hitting all at once... (read more) |
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Housing News
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It is only a little more than a month into the COVID-19 crisis, but mortgage forbearances are already adding up. Black Knight has begun tracking that activity extrapolating an estimate of the active mortgage universe from a sample of loans. The compa... (read more) |
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Housing News
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Declining interest rates in March pushed the refinance share of closed loans higher again according to information in Ellie Mae's March Origination Insight Report . The average rate for all 30-year fixed-rate mortgages closed during the month was the... (read more) |
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