Posted To: MBS Commentary(additions underlined, deletions struck-through) For immediate release Information received since the Federal Open Market Committee met in MarchApril indicates that the pace of improvement in the labor market conditions have improved further even ashas slowed while growth in … [Read more...] about Differences Between Current and Previous FOMC Statements
Posted To: Mortgage Rate WatchMortgage rates were unchanged today, despite the potential for volatility surround the Fed's rate announcement. No one expected the Fed to hike rates at this meeting, but there was a risk they could shake things up via the release of their updated forecasts or during … [Read more...] about Mortgage Rates Lender-Dependent After Fed Announcement
Posted To: MBS CommentaryThe Fed confirmed they had an eye on probably concerns rate hike outlook was downgraded, as was growth They're concerned about confirmation of labor market deceleration, Brexit, etc. They did nothing to attempt to sound like they were interested in hiking Bonds moved back in … [Read more...] about MBS RECAP: Fed Admits Reality; Bonds Rally
Posted To: Mortgage Rate WatchMortgage rates were initially lower this morning as global bond yields continued to plumb record lows. There was widespread coverage in financial news of Germany's 10yr bond yield dipping into negative territory. That's important for a few reasons--not in terms of … [Read more...] about Mortgage Rates, The Fed, and Brexit. What Does it All Mean?
Posted To: MND NewsWireThe national foreclosure inventory, homes somewhere in the process of foreclosure, along with other measures of housing distress, continued to decline in April. CoreLogic said today that there were 406,000 homes in the inventory in April, 1.1 percent of all homes in the … [Read more...] about Time to Stop Talking About Foreclosures?
Posted To: MBS Commentary10yr yields were as low as 1.567 early Fannie 3.0s were as high as 103-04 Both were driven by Europe (sub-zero German 10yr) and both rebounded when Europe rebounded US bonds ended up relatively unchanged ahead of Fed Sooooo much Brexit horse-trading I wrote down some … [Read more...] about MBS RECAP: “Horrible Sell-Off” Brings Bonds Back to Flat
Posted To: MND NewsWireNot only is student loan debt delaying first-time homebuyers, it is delaying them for a long time. Seventy-one percent of non-homeowners with debts from student loans said the burden of those monthly payments was keeping them from buying a home. More than half said it would … [Read more...] about 71% of those with student debt say it delays homeownership: Survey
Posted To: Mortgage Rate WatchMortgage rates haven't moved too much recently, and no one is complaining. While each of the past 5 days has only seen a modest drop in rates, they were already operating near 3-year lows. They officially hit new 3-year lows late last week, meaning today's modest … [Read more...] about Yep, Mortgage Rates Are Still Super Low!
Posted To: MBS CommentaryEuropean bonds did not lead the way lower for a change But European (and domestic) stock markets sure did 10yr yields fell 3.1 bps to 1.613 as S&P dropped nearly 20 points Fannie 3.0s gain 3 ticks to close at 102-31 Bond markets had a good day today, and without the help … [Read more...] about MBS RECAP: Stock Lever Strikes Back (In a Good Way)
Posted To: Pipeline PressFor laughs all you have to do is read the news, and this story will fit right in with anyone’s 5th grade sense of humor. The Union Recorder reports on a story about Ellen DeGeneres being sued due to her making jokes about a Georgia Realtor's name . Some might ask, how can a … [Read more...] about What if No One Wants to Service More Loans? Impact on Consumers?