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Mortgage -Top news

Mortgage Rates Turn Higher After a Strong Start
(Mortgage News Daily) - 6 minutes ago...
Posted To: Mortgage Rate WatchMortgage rates ended higher for the 4th straight business day on Tuesday, but that wasn't necessarily destined to be the case this morning. After last week's US/China trade announcements put upward pressure on rates heading into the 3-day weekend, some of the positivity was backtracked over the weekend. This pushed stock prices and bond yields (aka "rates") lower to start the day, but the rate recovery didn't last long. As news came in about...
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MBS Day Ahead: Moving Averages Suck (And Other Thoughts to Kick Off The Week)
(Mortgage News Daily) - 6 minutes ago...
Posted To: MBS CommentaryLast week brought a bit of a bumpy ride for bond markets with trade-related news accounting for most of the drama. Things were more uneventful on the first 3 days of the week, but Thursday and Friday saw yields threaten to resume the sort of uptrend seen at the beginning of September. With the overall rally trend closing in on its first birthday and with the total drop in 10yr yields being roughly 175bps as of last Monday (3.26% in late 2018 to 1.51%), every time selling...
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Inventory Issues Highlight Downside of Lower Rates
(Mortgage News Daily) - 6 minutes ago...
Posted To: MND NewsWireWhile declining interest rates are generally viewed as good news for consumers, they aren't without their negatives. Realtor.com's September housing trend report released last week highlights one of them. Inventories of available homes, which had been recovering from months of record low numbers, have begun to shrink again. Even worse for first-time buyers, the decline is hitting hardest within the lowest price tier. Overall inventory was down 2.5 on an annual ba...
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POLL-Support for impeachment cools as Congress digs in for extended fight
(Yahoo) - 4 hours, 16 minutes ago...
Support for impeaching U.S. President Donald Trump cooled off this week, according to a Reuters/Ipsos poll, as the White House hunkered down for an extended fight over allegations that the administration pushed a foreign government to investigate one of Trump's Democratic rivals. The Oct. 14-15 opinion poll, released on Tuesday, found that 43% of adults in the U.S. believe that Trump "should be impeached," down 2 points from a similar poll last week. Americans had expressed stro...
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