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MBS RECAP: Stock Sell-Off Makes Strong Case For Bond Consolidation

12/17/2018 4:46 PM

Posted To: MBS CommentaryJust when you thought we might be done talking about "consolidations," there's that word again! I'd suggested on Friday that the modest bond market gains helped to confirm a consolidation as opposed to a correction, with the recent yield highs of 2.92% acting as t...Read More

Mortgage Rates Little-Changed Despite Market Gains

12/17/2018 3:55 PM

Posted To: Mortgage Rate WatchMortgage rates were fairly flat yet again today. Unlike Friday, today"s market movement made a case for a bit of a drop. "Market gains" mean different things when talking about bonds/rates (as opposed to stocks). In today"s case, bond markets improved while stocks lost ground. In f...Read More

Builder Confidence: Lower Rates Helping With Affordability Concerns

12/17/2018 9:47 AM

Posted To: MND NewsWireThe National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) is flirting with the danger zone. Although stressing that the index remains in positive territory, NAHB said its measure of home builder confidence lost 4 points compared to November, landing at 56. It was the l...Read More

MBS Week Ahead: Fed Week Is Here. Let"s Looks at Possibilities

12/17/2018 8:37 AM

Posted To: MBS CommentaryMore than anything else over the past 3 weeks, a shift in tone among Fed speakers has been at the heart of the year's best bond market rally. Seemingly overnight, the average Fed member went from saying things like "3 more hikes in 2019" to "very close to neutral...Read More

MBS RECAP: Bonds Ignore Econ Data in Favor of Next Week"s Fed Events

12/14/2018 4:44 PM

Posted To: MBS CommentaryBonds began the day in modestly stronger territory. While they spend a small amount of the day trading a small distance away from those opening levels, that time and distance was never big enough to cause any concern. In short, the "consolidation" we'd hoped to confir...Read More

Mortgage Rates Preserve Most of Last Week"s Gains

12/14/2018 4:25 PM

Posted To: Mortgage Rate WatchMortgage rates didn"t move much today, and that"s arguably a good thing. When the week began, we discussed the need for rates to cool-off after last week"s rapid drop. Doing so would improve our chances of seeing recently lower rates stick around for more than a fleeting moment. No...Read More

Housing Forecasts Are Getting More Consistent

12/14/2018 10:04 AM

Posted To: MND NewsWireConsistency can be boring, but in crazy times it can also be reassuring, even comforting. While they differ on the specifics, economists, at least those in the housing industry, seem to be coming together with much the same outlook and many of the same caveats for the next year or so. Fannie Mae"s ...Read More

MBS Day Ahead: This Would Show That Bonds Are Serious About Considering Even More Gains

12/14/2018 8:24 AM

Posted To: MBS CommentaryIf you've truly come to an appreciation of the gravity of bonds' big picture headwinds over the past 2 years, then the past 5 weeks may feel like a stroke of luck so good that it has to change any day now. More than a few bond analysts were worried about a bigger, sharper b...Read More

Compliance and Documentation Products; Loan Limit Changes in the Primary Markets

12/14/2018 8:02 AM

Posted To: Pipeline PressLots of folks in the mortgage biz like statistics and odds. They may not remember them, but they like them. (As Marcus L. writes, “People still play the lottery even though most of us can"t get the USB in the first time correctly and those odds are 50/50.&rdquo...Read More

MBS RECAP: Bonds Continue Calming Before Next Storm

12/13/2018 6:12 PM

Posted To: MBS CommentaryWhether or not next week's Fed announcement proves to bring a winter storm for bond markets remains to be seen. That said, if anything is going to do the trick, that's the best chance we have. Between now and then, bonds aren't quite sure what to do with themselves, as ...Read More

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