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MBS RECAP: Bonds Biding Time Until Wednesday
(Mortgage News Daily) - 4 hours, 26 minutes ago...
Posted To: MBS CommentaryHave you heard? The Fed announcement is coming up on Wednesday. While you've undoubtedly heard about that more than a few times (unless this is your first day here, in which case, welcome!), it continues to bear repeating, largely because bonds aren't doing anything to suggest they care about anything else. In fact , we can't even be sure they will care about what happens on Wednesday, but that's certainly the best guess at this point. All of the abov...
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Mortgage Rates Treading Water Near Long-Term Highs
(Mortgage News Daily) - 4 hours, 26 minutes ago...
Posted To: Mortgage Rate WatchMortgage rates are having a bleak September, having risen at least an eighth of a percentage point in all cases and by a quarter of a point in many cases. Depending on the lender and scenario, conventional 30yr fixed rates of 5.0% aren't out of the question although 4.875% remains far more prevalent for borrowers with lots of equity/down-payment and top-tier credit. Either way, that's as high as mortgage rates have been since 2011 for most lenders. Most of...
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Housing Market Struggles to Keep Pace With US Economy
(Mortgage News Daily) - 4 hours, 26 minutes ago...
Posted To: MND NewsWireFreddie Mac's Economic and Housing Research Group said on Monday that the U.S. economy and job market are firing on nearly all cylinders , "but the housing market has essentially stalled ." The solid growth of the U.S. economy during the second quarter, an increase of 4.2 percent and exceeding forecasts of 4.1 percent, was the fastest in nearly four years. Solid consumer spending and business investment, the Group says in its September Forecast, should keep ...
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MBS Day Ahead: Bonds Gearing Up For Unfriendly Fed
(Mortgage News Daily) - 4 hours, 26 minutes ago...
Posted To: MBS CommentaryIt would be a tad dramatic to say that rates are at a crossroads as we head into the end of September, unless there's any additional weakness this week. That's because any additional weakness will bring yields closer to breaking 2018's previous high of 3.128% set on May 18th, 2018. When rates break a long-term high, there's always a risk that the previous ceiling will act as technical line in the sand. The natural fear would be for such a breakout to ...
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Broker and DTC Products; Conventional Conforming News, Wells' LTV Change; USAA layoffs
(Mortgage News Daily) - 4 hours, 26 minutes ago...
Posted To: Pipeline PressWe’re now officially in autumn, one week left in the 3rd quarter. Most states in the U.S. don’t change their clocks until November 4th, but in Europe they are doing in 2019 what many in this country wish the government would do: We’re now officially in autumn, one week left in the 3 rd quarter. Most states in the U.S. don’t change their clocks until November 4 th , but in Europe they are doing in 2019 what many in this country wish the government ...
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Weather Sets Up Push-Pull with Delinquency Rate
(Mortgage News Daily) - 4 hours, 26 minutes ago...
Posted To: MND NewsWireAre weather patterns beginning to provoke annual swings in mortgage delinquencies? Black Knight suggests, in its first look at August 2018 mortgage performance data, that could be the case in 2017-2018. The incidence of mortgage distress was heading to millennium low levels last year before the one-two punch of Hurricanes Harvey and Irma. The first struck the Gulf Coast of Texas in the Houston region. A few weeks later Irma, although less destructive than anticipated, crea...
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Indonesian Teen Survives 49 Days at Sea by Drinking Filtered Seawater and Catching Fish
(Yahoo) - 16 hours, 50 minutes ago...
Aldi Novel Adilang, 19, was working on a fishing hut when a storm struck and set him adrift....
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A bright, lively minestrone can be made with a slow cooker
(Yahoo) - 16 hours, 50 minutes ago...
Creating anything garden-fresh in a slow cooker is a tall order, but we were willing to try to beat the odds and develop a recipe for a bright, lively tasting minestrone that married a flavorful tomato broth with fresh vegetables, beans, and pasta....
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Equities slide as US and China trade blows
(Yahoo) - 16 hours, 50 minutes ago...
Asian and European stocks slid Monday as US tariffs on another $200 billion of Chinese imports took effect, clouding the global economic outlook as the trade war reached a fever pitch....
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The 57 Most Delish Coffee Cakes
(Yahoo) - 16 hours, 50 minutes ago...
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