Author Archive

28
Jan

Freddie Mac Index Shows Deterioration in some Energy Dependent Markets

Posted To: MND NewsWire Freddie Mac’s Multi-Indicator Market Index (MiMi) rose nationally this month for the third consecutive time. This, along with improving three month trends in thirty-four states and the District of Columbia and 37 of 50 metropolitan areas shows, the company said, that the U.S. housing market is continuing to stabilize. The same [...]

28
Jan

Mortgage Rates Back to Long Term Lows After Fed

Posted To: Mortgage Rate Watch Mortgage rates fell again today , and while the move wasn’t big, it was enough to bring most lenders back in line with the best rates from two weeks ago. Those have the added distinction of being the best rates since May 2013. At these levels, 3.625% is widely available [...]

28
Jan

Qatar buys London’s banking district

Qatar has added to its bulging portfolio of prime London real estate by clinching a deal to buy Canary Wharf, home to several skyscrapers housing the city’s biggest banks.

27
Jan

MBS RECAP: Bond Markets Consolidate Ahead of FOMC

Posted To: MBS Commentary After briefly breaking above the 1.84% inflection point amid last week's ECB-related volatility, 10yr Treasury yields have been religiously leaning on it as a supportive ceiling. In fact, they were leaning on that ceiling well before the breakout too–as early as Jan 16. The foil on the other side of the [...]

27
Jan

Mortgage Rates Improve Modestly Ahead of Fed Announcement

Posted To: Mortgage Rate Watch Mortgage rates continued a recent pattern of small day-to-day changes today. This time, however, lenders were more unified in a move to slightly lower rates. The recent norm has been for different lenders to move in different directions but for the average to stay fairly close to unchanged. 3.625% remains [...]

27
Jan

Home prices grow at slower pace

The Case-Shiller index of home prices in major U.S. cities shows a continued slowdown, raising concerns about the housing market for 2015.

26
Jan

Boomerang home buyers are coming back

Millions of Americans who lost their homes in the recession may become eligible to buy a new home beginning this year, according to a report.

26
Jan

MBS RECAP: Lack of Data Today, Snowstorm Tomorrow Taking Toll on Participation

Posted To: MBS Commentary After two weeks of elevated volumes and activity, today hearkened back to old-fashioned Mondays . Participation was light, market movement was largely an overnight affair, and there was a general absence of interesting info during the domestic session. While we will add a bit of economic data to the domestic calendar [...]

26
Jan

Mortgage Rates Slightly Higher Amid Lack of Motivation

Posted To: Mortgage Rate Watch Mortgage rates were unchanged in most cases today, though some lenders were microscopically higher or lower compared to last Friday. Any attempts at more meaningful market movement were seen in the overnight trading hours in Asia and Europe. Rates stood a good chance to improve after election results in Greece, [...]

23
Jan

Mortgage Rates Move Back toward Long-Term Lows

Posted To: Mortgage Rate Watch Mortgage rates were modestly lower today, and are now getting back in line with levels not seen in more than 20 months. Only the last 3 days of last week were any better. That said, the amount of improvement in the mortgage market pales in comparison to other parts of [...]