Delivered to over
70,000+ industry professionals
each day, the Daily Newsletter is the
definitive recap of the day's most
relevant mortgage and real estate news and data. View the latest Newsletter below.
View our most recent newsletter below, or use the date selector to view past newsletters.
Mortgage rates had a bad week last week, quickly rising to the highest levels in months. To make matters more frustrating, there weren't any clearly-delineated reasons for the rate spike. Making sense of the movement required a dive into the esoteric conversation about the year-end bond trading environment. That esoteric conversation is still the only way to make sense of today's movement, but this time around, the move is in our favor. What had been an abrupt, inexplicable spike higher last week has now been largely undone by an abrupt, inexplicable move lower today. Rates were only modestly lower this morning, but as underlying bond markets rallied more aggressively, most lenders issued updated rate sheets this afternoon. Borrowers who had seen top tier rates move up an eighth of a percentage
|
Mortgage Rate Watch
|
|
|
Mortgage rates had a bad week last week, quickly rising to the highest levels in months. To make matters more frustrating, there weren't any clearly-delineated reasons for the rate spike. Making sense of the movement required a dive into the esoteric... (read more) |
|
|
Rob Chrisman
|
|
|
Private education pays well. There were 58 people making over $1,000,000 per year in total compensation as the presidents of private, non-profit colleges in 2015, up from 39 in 2014 and 32 in 2013, according to the Chronicle of Higher Education's cal... (read more) |
|
|
Housing News
|
|
|
Pending home sales pulled off a second straight gain in November, but just barely . The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI), which is based on contracts for existing home purchases , rose 0.2 per perce... (read more) |
|
|
MBS Commentary
|
|
|
The National Association of Realtors publishes reports for both Pending and Existing Home Sales. The conventional wisdom is that Pending Sales tend to foreshadow Existing Sales to some extent. Precedent suggests that does indeed tend to... (read more) |
|
|
Mortgage Rate Watch
|
|
|
Mortgage rates were lifeless today as financial markets drifted sideways. Although rates CAN move during the last week of December when there's an imbalance between buyers and sellers in bond markets, that's the exception to the rule. We tend to see ... (read more) |
|
|
MBS Commentary
|
|
|
Bond markets got off to a seasonally typical start this week with volumes and volatility both virtually nonexistent. There are past instances of volatility during the last week of the year, but in general, the default stance is purely neutral (... (read more) |
|
|
|
|
|
|
|
|
|
|
|
|
|
consumerfinancemonitor.com
|
|
|
|
|
consumerfinancemonitor.com
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
