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Mortgage -Top news

Why the Housing Market Is Slumping Despite a Booming Economy
(NY Times) - 3 hours, 46 minutes ago...
Home prices are out of reach relative to incomes and mortgage rates. The big question for the economy is how the imbalance adjusts....
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MBS Day Ahead: Brexit Strikes Back
(Mortgage News Daily) - 3 hours, 46 minutes ago...
Posted To: MBS CommentaryAh Brexit... You thought you'd heard the last of it back in 2016? No such luck. Actually, it is a bit lucky to be hearing about it, at least as far as domestic rates are concerned. Both in 2016 and in the past week, Brexit-related developments helped rates move lower. The current iteration of Brexit drama is not anywhere near that of 2016 and neither is the market reaction. That said, there certainly has been a market reaction. Yesterday afternoon, that reaction was...
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Fed chief in Dallas: 'There’s a lot of factors weighing on home building right now'
(BIZ Journals) - 3 hours, 47 minutes ago...
Federal Reserve Chairman Jerome Powell visited Dallas Wednesday and acknowledged the market has shifted against homebuilders who were facing an array of challenges. Rising costs of materials, a shortage of labor, shrinking availability of lots and higher interest rates have all combined to pinch business for builders. ...
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Afternoon Mortgage Rate Improvements For Most Lenders
(Mortgage News Daily) - 23 hours, 54 minutes ago...
Posted To: Mortgage Rate WatchMortgage rates began the day in roughly unchanged territory. Some lenders were microscopically stronger or weaker compared to yesterday, but not enough to impact the average mortgage borrower. For the first few hours of the day, it looked as if rates would stay unchanged or possibly move slightly higher. That all changed when stocks began losing ground. It's always worth remembering (and this will be especially true when the next time it's proven) that the...
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Token Improvement For Mortgage Rates
(Mortgage News Daily) - 1 days, 3 hours ago...
Posted To: Mortgage Rate WatchMortgage rates improved by what could only be described as a token amount today. In other words, we're not talking about any major changes. In fact, mortgage rates themselves will be unchanged from Friday for almost any scenario. As is so often the case, we can only measure the change in terms of "effective rates" (which take upfront costs into consideration). In general, changes in mortgage rates are reserved for big market moves whereas upfront cost...
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