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Thu, 28 Jul 2016

CoreLogic: Slow Start for Cash Sales this Year

Posted To: MND NewsWireCash sales continued to account for a significant portion of all home sales in April. CoreLogic said on Wednesday that 31.6 percent of home sales that month were all cash , down 1.6 percentage points from March and 2.8 points from the previous April. For the first four mont...
Thu, 28 Jul 2016

MBS RECAP: Bonds Hold Gains Despite Stock Bounce; MBS Outperform

Posted To: MBS CommentaryIn the bigger picture, today was all about confirming and consolidating yesterday's gains. Trading levels held inside narrow ranges for both MBS and Treasuries, and neither were flustered when stocks swooped back up toward yesterday's highs. MBS did a better job o...
Thu, 28 Jul 2016

Best Day Since Brexit For Mortgage Rates

Posted To: Mortgage Rate WatchMortgage rates fell at the quickest pace in more than a month today as lenders priced-in the market improvements seen after yesterday's Fed Announcement. Even though quite a few lenders offered improvements yesterday afternoon, the so-called "reprices" were conservat...
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