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Real Estate News |
Mortgage Rates Hold Same Level For 3rd Straight Day
Wed, 22 Jan 2025 20:38:00 GMT
Given that rates take cues from bonds and bonds take cues from economic data, it's perhaps no surprise to see an absence of volatility in rates on a week that has very little to offer in terms of economic data. Still, mortgage rates usually manage to..[read more]
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Resistance Kicking In
Wed, 22 Jan 2025 17:23:53 GMT
Bonds rallied yesterday, largely in an attempt to catch up with the movement that occurred on Monday when cash trading was closed (futures and other markets implied moderate gains). In the slightly bigger picture, the recent gains have had most to do..[read more]
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Spanish, Housing Outlook, DPA Products; California Fire Update; Webinars This Week
Wed, 22 Jan 2025 16:47:31 GMT
A fake image of Brad Pitt was used to scam a woman out of $850,000. (Hopefully every lender has set up policies and procedures regarding events like the CFO receiving an email from the CEO asking to blindly wire money for a "secret acquisition.') Rem..[read more]
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Bonds Calmly Hold Overnight Gains
Tue, 21 Jan 2025 21:54:11 GMT
Bonds Calmly Hold Overnight Gains This morning's commentary focused on a bond rally in response to an absence of heavy-handed specificity in Trump's initial salvo of executive orders--specifically with respect to..[read more]
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Mortgage Rates Unimpacted by New Executive Orders
Tue, 21 Jan 2025 21:36:00 GMT
Mortgage rates are driven predominantly by the bond market and bonds were able to clear up a few curiosities on inauguration day. Specifically, traders expected multiple executive orders with several focusing on proposed tariffs. While h..[read more]
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Non-QM, DPA, HELOC, Borrower Servicing Products; FTC and Leads; Freddie,Fannie, and FHFA News
Tue, 21 Jan 2025 16:40:52 GMT
Please don't touch my pizza! In a decision that has left countless fans disappointed,, including many in the mortgage ranks, Costco has decided to remove the $1.25 fries option from the food court menu entirely. The decision comes at a time when the ..[read more]
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Bonds Open Stronger Thanks to Tariff Uncertainty
Tue, 21 Jan 2025 15:57:58 GMT
Trump issued numerous executive orders on Monday, but conspicuously absent was any specific directive regarding tariffs. This was one of the key areas of focus for financial markets. While there are few different ways it could be traded, ..[read more]
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Slightly Weaker Drift, But Broadly Uneventful
Fri, 17 Jan 2025 21:56:30 GMT
Slightly Weaker Drift, But Broadly Uneventful Friday may as well have been a 4th weekend day for the bond market. Volume and liquidity were obviously in holiday mode. Trading levels were basically fla..[read more]
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Uneventful Day For Mortgage Rates
Fri, 17 Jan 2025 21:19:00 GMT
Mortgage rates are driven by the bond market and Friday was the least active day of the week for bonds. There were no major economic reports to cause rapid changes in trading levels. As such, mortgage rates started out very close to the levels ..[read more]
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Homebuilder Confidence Consolidation Continues
Fri, 17 Jan 2025 20:40:00 GMT
While it would be technically accurate to point out a slight increase in January's homebuilder confidence (officially the National Association of Homebuilders Housing Market Index or HMI ), the type of movement we've seen in the past 2 years is bett..[read more]
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