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Real Estate News |
Moderate, Inconsequential Weakness
Fri, 17 May 2024 19:31:37 GMT
Moderate, Inconsequential Weakness Bonds lost ground at a modest to moderate clip on Friday, but not for any interesting or obvious reasons. The selling has been very linear over the past 2 trading days wit..[read more]
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Mortgage Rates Continue Higher For 2nd Straight Day
Fri, 17 May 2024 19:11:00 GMT
Mortgage rates have had a great month of May so far with almost every day being a winner up until yesterday and today. Even then, the 2 day losing streak began from the lowest levels in just over 5 weeks. Perhaps more importantly, apart f..[read more]
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Broker Products; Credit, AI Chatbot, Hedging Tools; CFPB Verdict: LO Jobs
Fri, 17 May 2024 16:02:45 GMT
We're only a few days away from the MBA's Capital Markets Conference. Attendees, don't forget to pick up your badges, or else! (Speaking of interesting clips, watch U.S. Secretary of State Antony J. Blinken launch the Global Music Diplomacy Initiativ..[read more]
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11 Day Weekend Starts Now
Fri, 17 May 2024 15:12:57 GMT
Friday's only scheduled economic report is the Conference Board's Leading Economic Indicators (LEI) index. It is not considered a timely market mover and it had no impact this morning despite coming in at -0.6 vs -0.3 forecast. The slate ..[read more]
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Gradual Weakness All Day And a Quieter Calendar Ahead
Thu, 16 May 2024 21:00:16 GMT
Gradual Weakness All Day And a Quieter Calendar Ahead Today brought the last of the scheduled economic data until the end of next week. Even then, the data won't be too relevant for at least 2 weeks when th..[read more]
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Mortgage Rates Start Sideways But Move Higher in The Afternoon
Thu, 16 May 2024 20:18:00 GMT
On the average day in the mortgage market, the average lender will offer the same mortgage rate terms for the entire day. It's only when the underlying bond market moves enough that lenders will make mid-day adjustments. Today was one of ..[read more]
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Builders Are Finishing More and More Homes, But Permits Have Been Flat
Thu, 16 May 2024 18:55:00 GMT
The latest data on new residential construction from the U.S. Census Bureau paints a somewhat mixed picture of the housing market. While housing completions surged in April, Housing starts only increased modestly and building permits declined both bu..[read more]
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Back to Boring
Thu, 16 May 2024 16:02:47 GMT
It's the day after the CPI data and thus begins a concerted effort over the next few weeks to avoid compiling every piece of commentary as a simple countdown to the next CPI. To be fair, we will avoid some of that temptation by counting down to..[read more]
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Pricing, POS, Broker to banker, Cybersecurity Tools; STRATMOR/Teraverde Deal Inked
Thu, 16 May 2024 15:47:23 GMT
Attendees of next week's MBA Secondary conference can look forward to' A giant hot dog in Times Square that spits out confetti at high noon. (Keep your risqu comments to yourself please.) They can obviously look forward to much more at the actual con..[read more]
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Like The Last CPI Never Even Happened
Wed, 15 May 2024 19:04:00 GMT
Like The Last CPI Never Even Happened The much anticipated CPI data was perfectly in line with expectations of 0.3% month over month at the core level. That's a far cry from the 0.17% needed to sustain a 2...[read more]
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