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Real Estate News |
Data Helped, But Wild Cards Remain on Deck
Tue, 01 Apr 2025 20:19:54 GMT
Data Helped, But Wild Cards Remain on Deck This morning's economic data wasn't immediately and obviously worthy of credit for the bond rally that followed, largely because the bond rally that followed was fairly ..[read more]
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Lowest Mortgage Rates in Nearly a Month
Tue, 01 Apr 2025 19:29:00 GMT
While interest rates continue operating in a range that is generally flat and narrow over the past 5 weeks, it's also true that today's rates are on the lower edge of that range. Because there's not much of a gap between the highs and the lows, it di..[read more]
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Angel Oak/Brookfield Deal and More Mergers; Audit, POS, Non-QM, Automation Tools ; Webcasts and Training This Week
Tue, 01 Apr 2025 15:41:51 GMT
This ain't no April Fools economic news: not only has Hooters declared bankruptcy, but apparently there is yet another push to have credit unions pay income taxes. "Right now, leaders in Congress are discussing how to fund an extension of the Tax Cut..[read more]
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Bonds Look Past Higher Manufacturing Prices
Tue, 01 Apr 2025 14:33:15 GMT
There have certainly been days where the "prices paid" component of the ISM Manufacturing data has been responsible for sending bond yields higher. Today is not one of them, even though prices surged to the 2nd consecutive multi-year high. T..[read more]
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Month End Buying Pushes Back on Mid-Day Weakness
Mon, 31 Mar 2025 19:48:44 GMT
Month End Buying Pushes Back on Mid-Day Weakness Bonds began the day in stronger territory as investors reacted to weekend tariff news with a risk-off move. Stocks bounced shortly after the NYSE open ..[read more]
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Mortgage Rates Inch Lower, But Remain Broadly Sideways
Mon, 31 Mar 2025 19:30:00 GMT
"Sideways" has been the dominant theme for mortgage rates for well over a month now. The average top tier 30yr fixed rate fell below 6.82% on February 25th, and moved down to 6.70% the following week. We haven't been outside of that range since..[read more]
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Non-QM Products; Rocket/Mr. Cooper Deal; Disaster and Climate News; Tariff Impact Looms
Mon, 31 Mar 2025 15:48:10 GMT
It's been three years since Credit Plus re-branded as Xactus, and now another name brand in the mortgage world has a new name. Corelogic has become Cotality, leading to plenty of puns like, "If First American ever considers rebranding, let's hope the..[read more]
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Stronger Start as Tariffs Continue Driving Flight to Safety
Mon, 31 Mar 2025 14:34:15 GMT
Right out of the gate in the overnight session, stocks were weaker and bonds were stronger in a risk-off move that has become all too familiar for financial markets recently. Over the weekend, a fresh round of tariff headlines added more economic unc..[read more]
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Mortgage Rates Move Lower Even Though They Weren't Supposed To
Fri, 28 Mar 2025 21:34:00 GMT
First thing's first before anyone gets too excited: yes, rates fell on Friday, but not significantly. The average lender is still a bit closer to the higher end of the recent range. In addition, the recent range is quite narrow with average top..[read more]
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Pending Home Sales Crack Half-Hearted Smile Amid Longer Term Depression
Fri, 28 Mar 2025 21:16:00 GMT
The National Association of Realtors' Pending Home Sales Index (PHSI) tracks purchase contract signings that have not yet turned into Existing Home Sales. Things haven't been going well for either sales metric for more than 2 years now--a problem tha..[read more]
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