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Fri, 22 May 2015

Mortgage Rates Unchanged Despite Market Weakness

Posted To: Mortgage Rate WatchMortgage rates were unchanged on average today, though some lenders were slightly higher or lower than yesterday's latest rate sheets. This is a small victory considering that underlying markets suggested rates should move slightly higher. Mortgage rates are most dir...
Fri, 22 May 2015

MBS RECAP: Bonds Escape With Minimal Damage after Volatile Morning

Posted To: MBS CommentarySurprisingly, the story of the day turned out to be Core CPI coming in at +0.2558 vs a forecast of +0.2. This was apparently enough to send bond markets reeling (relatively). The fact that the shorter maturities got hit the hardest, suggests that it was a pure rate-hike-t...
Fri, 22 May 2015

Fannie Mae: Housing Faring Better than Economy

Posted To: MND NewsWireFannie Mae's economists used their May economic and strategic summary to downgrade expectations for 2015 growth but at the same time painted a slightly brighter picture for housing. Based on the poor growth of GDP in the first quarter, only 0.2 percent, they downgraded expe...
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