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Real Estate News |
Reasonably Reserved Reaction to Tariff Headlines
Fri, 31 Jan 2025 22:01:41 GMT
Reasonably Reserved Reaction to Tariff Headlines If you were just watching headlines and making note of MBS Live alerts, it may have seemed like today's tariff news was a big deal for rates. And while tariff..[read more]
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Mortgage Rates Round Out Eerily Calm Week
Fri, 31 Jan 2025 21:33:00 GMT
For all of the news that seems to be highly likely to cause volatility for rates, the market reaction ended up playing out on a very small scale. The biggest day of movement was Monday, with rates opening moderately lower versus the previous week aft..[read more]
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Temporary Volatility After As-Expected PCE Data
Fri, 31 Jan 2025 17:16:44 GMT
This morning's PCE inflation data was in line with expectations with the annual core PCE price index coming in at 2.8% and the monthly core coming in at 0.2%. The initial reaction was weaker, possibly because the 0.2% monthly number is not low ..[read more]
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FHA Underwriting, POS, Community Lending Products; Maryland's Lending Quagmire
Fri, 31 Jan 2025 17:02:05 GMT
Here in Las Vegas, I asked a German girl if Germans are afraid of numbers. She said 9. Numbers are interesting, as we will find out with the declared Trump tariffs on Canada and Mexico. Do you know the difference between an American roulette wheel an..[read more]
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Solid Showing In Spite of Data and Uncertainty
Thu, 30 Jan 2025 21:41:11 GMT
Solid Showing In Spite of Data and Uncertainty The relevance of economic data increased this morning with the release of Q4 GDP and Jobless Claims. Neither were good for rates although neither were especial..[read more]
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Lowest Rates in Over a Month, But There's a Catch
Thu, 30 Jan 2025 21:08:00 GMT
Interest rates are driven by the bond market and bonds are at their best levels in over a month. As such, it's no surprise that mortgage rates are able to make a similar claim. In fact, we'd need to go back to December 20th to see a lower avera..[read more]
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Pending Home Sales Pull Back From Best Levels Since April 2023
Thu, 30 Jan 2025 20:24:00 GMT
The National Association of Realtors (NAR) released its Pending Home Sales Index (PHSI) for December this morning. Pending sales measures the number signed purchase contracts for existing homes. As such, the index is a good early indicator for ..[read more]
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Stronger Start + Early Weakness
Thu, 30 Jan 2025 17:09:06 GMT
Bonds rallied in overnight trading. The move was exceptionally linear, without any obvious regard for movement in equities or European bonds. Yields were at session lows ahead of the 8:30am data, but have moved steadily higher afterword. The ea..[read more]
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POS, Servicing Tools; Fraud, Home Equity, IMB Studies; New Companies Doing New Things
Thu, 30 Jan 2025 16:54:16 GMT
Any capital markets person will tell you, "What's a surefire way to double your money in a casino? Fold it in half and put it back in your pocket.' I am in Las Vegas for First Colony's Loan Officer Retreat, watching the tragic air news from Washingto..[read more]
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Uneventful Fed Day, Bonds Eventually Agree
Wed, 29 Jan 2025 21:26:51 GMT
Uneventful Fed Day, Bonds Eventually Agree There's never a way to know with certainty that a Fed announcement will be uneventful, but if we had to assign relative probabilities, today's looked much more likely th..[read more]
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