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Saturday, April 16, 2011
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Mortgage And Real Estate News | ||
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... | ||
Mortgage Rates Hold Mostly Steady After moving moderately lower to start the new week yesterday, mortgage rates backtracked ever-so-slightly today. Top tier conventional 30yr fixed rates remain just under 7% for the average lend... | ||
MBS Pooling, CRM, Processing Tools; Second, HELOC, ITIN, Jumbo Product News... Overheard in the hallways at last week’s MBA conference: “At my age, instead of a condom I carry a moist towelette in my wallet. At my age, I run into buffalo wings far more often than sex.” There is ... | ||
Mortgage Rates Move Back Under 7% The 30yr fixed mortgage rate index spent 3 consecutive days over 7% last week--the first time that's happened since February. Rates have generally been in a more volatile, more elevated range fo... | ||
Servicing, MERS Review, Broker Training; Disaster News; Bill Dallas Podcast... Are your underwriters this fast? The current Administration has been fast to ax groups of employees in various government departments, including the Agencies. The Supreme Court challenged 90 years of ... | ||
New Home Sales at 3 Year High, Maybe... The Census Bureau reported New Home Sales for April today, and at face value, the news is good. Economists expected an annual pace of 692k, but were instead treated to a surprisingly high 743k--... | ||
No Major Change For Existing Home Sales Two months ago, existing home sales came in at the highest levels in a year according the the National Association of Realtors (NAR). Last month's report showed a fairly sharp decline to 5 month lows.... | ||
Mortgage Demand Impacted by Rising Rates The Mortgage Bankers Association's (MBA) weekly application survey has been doing a good job of tracking with the more granular daily rate data from MND. Both are in agreement that rates were on their... | ||
Mortgage Rates Lower Again Today, But Still Higher on The Week The bond market is scheduled to close 3 hour earlier than normal today--a common practice surrounding federal holiday weekends. This means 3 fewer hours where trading volatility can have an impact on ... | ||
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