Here’s How You’ll Know You’ve Found the Right Agent By: HouseLogic Published: February 27, 2018 A great real estate agent is like an Oprah for living your best real estate life. For every journey, there is a guide. To explore the West, Lewis and Clark had Sacagawea. To navigate his magical powers, Harry Potter had … Read moreHere’s How You’ll Know You’ve Found the Right Agent
Posted To: MND NewsWireGiven the rapid run-up in home prices over the last year, it’s no surprise that loan limits will also be going up in 2019. The Federal Housing Finance Agency (FHFA) announced that the maximum conforming loan limits for mortgages eligible for acquisition or guarantee by the two government sponsored enterprises (GSEs) Freddie … Read moreLoan Limits Increase to $484,350
Posted To: Mortgage Rate WatchMortgage rates avoided returning to reality yet again today. In other words, rates were almost perfectly unchanged for the 4th straight business day. These patterns (or lack thereof) are fairly typical of the thanksgiving time frame, but the return of volatility is a bit of a moving target after that. Clearly, … Read moreMortgage Rates Hold Recent Lows
Posted To: MBS CommentaryVolume may be picking up for the bond market following the typically quiet Thanksgiving trading week, but you wouldn’t know it by looking at the movement in the charts. Yields are still dead flat in the context of the past few weeks. In fact, they weren’t even able to trade outside last … Read moreMBS RECAP: Bonds Extending Last Week’s Holiday
Posted To: MND NewsWireMortgage delinquencies spiked in the September “first look” report from Black Knight, but that was followed by a swift reversal in October. The company’s latest report notes a sharp decline in early stage delinquencies and a downturn in serious ones as well. Loans that were more than 30 days past due but … Read moreBlack Knight: Delinquencies See Sharp Decline in October
Posted To: Pipeline PressWill today or tomorrow bring the 2019 Freddie and Fannie loan limit change announcement? Stay tuned, as it usually released soon after Thanksgiving. Is it arguably less impactful since many jumbo programs have lower rates than conventional conforming products since they don’t have guarantee fees, fit nicely into some portfolios, and have … Read moreSales, Branding, Non-QM Products; “Don’t Fight the Fed” When it Comes to Rates
Posted To: MBS CommentaryOil prices are always interesting to consider when it comes to bond markets. After all, oil is a major cost input for the economy. Even the “core” inflation readings, which disregard oil prices, are unable to account for oil’s impact on the price of everything else. Point being, if fuel is being … Read moreMBS Day Ahead: Do Bonds Care About Oil’s Slide? Also: New Loan Limits
Posted To: MND NewsWireThe views about the direction of home prices diverged slightly in September, as those reported in the S&P CoreLogic Case Shiller indices slowed for the second month in a row while those from the Federal Housing Finance Agency (FHFA) for both September and the third quarter mostly kept chugging along. The Case-Shiller … Read moreHome Prices Still Increasing – Just a Little Slower
Posted To: Pipeline PressI want a free vacation! I want a free fancy car in the garage in my newly-built McMansion! Apparently, due to sagging sales, with some builders I can indeed have those things, and more. Builders in many locales are proving that, regardless of which administration is in power, or who takes credit … Read moreOrigination, Non-QM, LO Products; U.S. Economy Continues to Chug Along
Posted To: MBS CommentaryMarkets will be getting back into the swing of things (probably slowly) today after the Thanksgiving holiday. As we discussed excessively last week, nothing about the last 3 or 4 trading days will necessarily have any bearing on how this week plays out. We may well see a lopsided battle between buyers … Read moreMBS Week Ahead: Year-End Momentum Decisions Approaching