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Any time rates have been trending decidedly higher (as they have been since mid-April), every day of gains has the potential to become the turning point in the trend. By default, we have a certain amount of improvement we need to see before c...
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MBS Commentary
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Any time rates have been trending decidedly higher (as they have been since mid-April), every day of gains has the potential to become the turning point in the trend. By default, we have a certain amount of improvement we need to see before c... (read more) |
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Housing News
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Both purchase and refinance applications increased during the week ended May 5. The Mortgage Bankers Association said its Market Composite Index, a measure of application volume, was 2.4 percent higher than the previous week on a seasonally adjusted ... (read more) |
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Mortgage Rate Watch
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Mortgage rates haven't necessarily moved higher every day recently. For instance, yesterday's rates were unchanged versus last Friday's. But the general trend has unquestionably been toward higher rates . In fact, rates have only moved lower on 3 out... (read more) |
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Housing News
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Earlier this week we reported that BuzzFeed reporter Mary Ann Georgantopoulos had released a copy of an April letter sent by House Financial Services Chairman Jeb Hensarling (R-TX) to the Department of the Treasury asserting control over all correspo... (read more) |
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Housing News
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CoreLogic's monthly Loan Performance Report for February shows the national mortgage delinquency rate, loans that were 30 or more days past due, declined to 5.0 percent, down a half-point from a year earlier. Mortgages that are 30 to 59 days past due... (read more) |
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MBS Commentary
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Let's get the caveats out of the way. Bond markets ended the day in slightly weaker territory, and the broader trend remains toward higher yields. Momentum technicals remain unfavorable and there is more supply to come (where "supply" &... (read more) |
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