| Mortgage And Real Estate News | ||
| Mortgage Rates Little Changed, But Friday Could See a Bigger Move Mortgage rates began the day perfectly in line with yesterday's latest levels for the average lender. By the afternoon, the underlying bond market had lost enough ground that a handful of lenders were... | ||
| Hedging, Reverse 2nd Lien, HELOC, Borrower Portal, Broker, 2nd Mortgage Pro... The last time I was in Florida I saw a bumper sticker that said, “I thought growing old would take longer.” This weekend I return to the Sunshine State (the MBAF’s Eastern Secondary is coming up), and... | ||
| Biggest Daily Drop For Mortgage Rates in Over a Month Whether or not today's drop in rates is meaningful depends on one's perspective, but in the context of recent rate movement, it's definitely noticeable. The simplest way to think about the impro... | ||
| MBS Pooling, HELOC, Verification Tools; Listings Hit All-Time High; Margina... As the world is watching the chicks learn to fly on the eagle cam, in the human world there are more “For Sale” signs. You know that problem we’ve had with inventory for years? Although all real estat... | ||
| Uneventful Day For Mortgage Rates Sometimes a Tuesday is just a Tuesday for mortgage rates. In the present week, any day is capable of generating some volatility due to one of several economic reports on the calendar. This... | ||
| Borrower Psychology, Marketing, DSCR, AUS for Non-QM; Note on LO Strategy; ... My cat Myrtle never seemed to listen, but heard lots. LOs can hear the difference, when dealing with a borrower, between “What is your rate?” versus “Can you help me?” Hearing is important, listening ... | ||
| Mortgage Rates Edge Higher to Start Busy Week Mortgage rates have been in an exceptionally narrow range since last Tuesday with the 30yr fixed index hovering just under 7%. The average lender is just a hair higher today versus last Friday, ... | ||
| POS, Borrower Interface, Ops, Verification Tools; Conv. Conforming News Any lender or mortgage loan originator hoping for lower rates to spur business is learning that hope is not a strategy. “Rob, you’re always talking about inflation, so here’s an example of wage inflat... | ||
| Pending Home Sales Slip, But the Broader Story Remains the Same The National Association of Realtors' Pending Home Sales Index (PHSI)—which tracks contract signings on existing homes—has spent more than two years stuck in a rut, held back by affordability constrai... | ||
| Purchase and Refi Demand Diverge Again The Mortgage Bankers Association's (MBA) weekly application survey continues to track closely with the more granular daily rate data from MND. Both showed mortgage rates climbing to new multi-month hi... | ||
| Home Prices Falling or Growing Less Quickly? Both FHFA and Case Shiller released home price data this week with some mixed messages for the housing market. The first thing to remember about the major home price indices is that they run about 2 m... | ||
| Another Small Victory For Mortgage Rates It has turned out to be a surprisingly calm week for mortgage rates and, as of today, largely a victorious one, even if the victories have been modest. Today's installment involves a 0.02% drop ... | ||
| Correspondent DPA, Home Equity Products; Training and Webinars in June; STR... “Rob, what are the odds that the MBA will set up a ‘Man Park’ at the big conference in Las Vegas in October?” Slim to none. The United States is an interesting place. We’re approaching the summer, and... | ||
| Mortgage Rates Move Slightly Lower After Today's Data There was a bit of behind-the-scenes volatility in the bond market today. Normally, bond volatility translates to interest rate volatility. In some cases, the timing of the volatility is such th... | ||
| AI Hedging, Application, Processing Tools; Builder/Lender M&A; Freddie-Fann... How about those junk emails that start off with, “I’m not going to waste your time.” It already wasted my time. Is it a waste of time paying attention to what government officials say, or schedules th... | ||