Real Estate News
Making Sense of Rising Rates And The Risks Ahead
Sat, 22 Jan 2022 01:09:00 GMT

The bond market returned from a 3 day weekend to find yields surging higher on Tuesday.  That pushed mortgage rates to fresh 2 year highs and added emphasis to what has already been the sharpest rate spike since late 2016.   Why are ..[read more]

MBS Live Recap: Another Green Day But MBS Underperform
Fri, 21 Jan 2022 20:35:31 GMT

Another Green Day But MBS Underperform Bonds rallied today with 10yr yields dropping more than 6bps by the 3pm CME close.  That's the type of improvement that normally makes for a nice day of mortgage market..[read more]

MBA Says New Home Sales Tilting to Higher Priced Properties
Fri, 21 Jan 2022 19:18:04 GMT

While new home sales have been performing well over the last few months, the Mortgage Bankers Association (MBA) expects a stumble in December. Its Builder Application Survey (BAS) data for the month shows mortgage applications for new home purchases..[read more]

Delinquencies Hit Recent Lows but so do Refinance Candidates
Fri, 21 Jan 2022 19:14:00 GMT

In its first look at December's loan performance data, Black Knight notes that 2021 ended with the foreclosure inventory at an all-time low and the national delinquency rate "just a hair off the near-record low' reached just before the onset of the..[read more]

MBS Live Morning: Bonds Making a Case For Consolidation or Just Responding to Stocks?
Fri, 21 Jan 2022 16:26:39 GMT

Bonds are off to an even stronger start on Friday, largely in response to a big risk-off move that rifled through markets in the last 90 minutes of trade yesterday and carried over to early trading in Asia.  "Risk-off" implies stock prices and b..[read more]

Pre-Qual, Vendor Mgt., Subservicer Review, Warehouse Products; Pandemic to Endemic?
Fri, 21 Jan 2022 15:57:29 GMT

As I head to Northern California, and mourning the loss of Meatloaf, I'm thinking, "Dang. I guess that I shouldn't have put my entire 401(k) into Peloton stock a year ago,' a great combination of home exercise and technology. Brad Paisley sang, "'And..[read more]

MBS Live Recap: Still Waiting on Fed Above All Else
Thu, 20 Jan 2022 21:14:57 GMT

Still Waiting on Fed Above All Else Bonds enjoyed another day of modest improvement on Thursday.  On the plus side, gains are good.  On the other hand, the pattern looks eerily similar to last week's (i..[read more]

Mortgage Rates Leveling Off at Long-Term Highs
Thu, 20 Jan 2022 20:31:41 GMT

Today was one of the most uneventful days in recent memory for mortgage rates.  The average lender is in very similar territory compared to yesterday, and there has been far less intraday volatility through 3pm E.T.  While things may be ..[read more]

Fannie Mae Forecasts a "Return to 'New' Normal'
Thu, 20 Jan 2022 19:23:27 GMT

Fannie Mae's Economic & Strategic Research (ESR) Group writes that it expects 2022 to be a year "of transition for both the economy and the housing market.' While it hedges its bet as to whether COVID-19 will end any time soon, it expects the market ..[read more]

2021 Existing Home Sales Set Post Crash Record Despite December Slide
Thu, 20 Jan 2022 16:36:08 GMT

Existing home sales dropped in December, snapping a three-month streak of increases. The National Association of Realtors (NAR) said the month's sales of pre-owned single-family houses, townhouses, condos, and cooperative apartments fell 4.6 percent..[read more]

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