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Mortgage rates fell today, undoing enough of this week's damage to return precisely to levels seen last Friday. In simpler terms, rates ended the week 'unchanged.' That's not for lack of volatility during the week! 4 out of the 5 days saw bigger-than-average moves. Tuesday and Wednesday alone pushed rates more than an eighth of a point higher. But Friday and Monday's improvements were enough to offset the weakness. Rates benefited from this morning's economic data. Specifically, the first reading on Q4 GDP was weaker than expected . Weaker economic data tends to push rates and stock prices lower. 4.25% remains the most prevalent quote on top tier conventional 30yr fixed scenarios. That means today's improvements are more likely to be seen in the form of lower upfront costs (or a higher lender
Mortgage Rate Watch
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Mortgage rates fell today, undoing enough of this week's damage to return precisely to levels seen last Friday. In simpler terms, rates ended the week 'unchanged.' That's not for lack of volatility during the week! 4 out of the 5 days saw bigger-than... (read more)
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Rob Chrisman
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One would like to think that, as an industry, we’re emerging from the public relations nightmare. And yet the popular press continues the ordeal , the latest example being a murder. Quicken Loans had nothing to do with it, of course, yet the st... (read more)
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Mortgage Rate Watch
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Mortgage rates moved higher for the 6th time in the past 7 business days, even after several lenders offered mid-day improvements in the afternoon. That leaves them at their highest levels of the year, although things were worse for most lenders earl... (read more)
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MBS Commentary
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So far this week, economic data has played a subdued, almost meaningless role in motivating bond market movement. Instead, we've seen big picture themes take control as the "risk on" trade (higher stocks and bond yields) returned from its hol... (read more)
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MBS Commentary
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It may not be the last time we can say this, but bonds hit their weakest levels of 2017 today--first in the overnight session as European bond markets sold-off, and then again just before 11am. The second sell-off was multi-faceted. Stock... (read more)
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MBS Commentary
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It was a fairly one-dimensional day for bond markets, and indeed, markets in general. Despite moderate strength in European bond markets overnight, US Treasuries remained unwilling to break below yesterday afternoon's lowest yields. Sli... (read more)
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freddiemac.mwnewsroom.com
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