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Real Estate News |
Selling Spree Continues, But Gently
Mon, 05 May 2025 20:30:01 GMT
Selling Spree Continues, But Gently Bonds were focused on this morning's ISM Services Index with some traders waiting to see more evidence of economic fallout from tariff-related uncertainty. Instead, the index m..[read more]
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Mortgage Rates Roughly Unchanged to Start New Week
Mon, 05 May 2025 19:51:00 GMT
Mortgage rates faced a slight headwind on Monday as economic data caused weakness in the bond market. This would typically result in higher mortgage rates, but in today's case, the damage was minimal. One thing to keep in mind is that mortgage rates..[read more]
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Pre-Qual, Fee Collection, Jumbo, Software Designing Tools; Training, Webinars, and Events This Week
Mon, 05 May 2025 15:46:43 GMT
Today celebrates Mexico's victory over France in the Battle of Puebla on May 5, 1862. (In this country, Hispanic home ownership rates continue toward 10 million, which includes, of course, Mexicans. In Mexico itself, mortgage rates are north of 10 pe..[read more]
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Another ISM Report That Wasn't Weak Enough to Help Bonds
Mon, 05 May 2025 14:29:03 GMT
The ISM Services PMI is this morning's key data, and arguably, the most relevant economic report of the week. Last week's ISM Manufacturing data wasn't strong, but it wasn't nearly as weak as traders were prepared to see. Today's services PMI is in t..[read more]
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Data Dependence is Back, But Not in A Fun Way
Fri, 02 May 2025 20:17:49 GMT
Data Dependence is Back, But Not in A Fun Way Bonds definitely paused their long term relationship with economic data in wake of the tariff announcement in early April, which was logical given the headline-d..[read more]
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Mortgage Rates Are Actually Higher This Week
Fri, 02 May 2025 19:22:00 GMT
Mortgage rates had a nice little run, moving down from last Monday's highs of 6.98% (average, top tier 30yr fixed) to a mid-week low just over 6.80%. Even after yesterday's modest bounce, we were still in stronger territory for the week. ..[read more]
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Home Price Appreciation Remains, But Interesting Trend Emerges
Fri, 02 May 2025 19:00:00 GMT
Both of the major purveyors of home price indices have been in agreement for the better part of a year that the average home is appreciating between 4 and 5 percent per year. The FHFA House Price Index showed only a 0.1% uptick in Februa..[read more]
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Mortgage Applications Contract Slightly, But Remain Above 2 Year Average
Fri, 02 May 2025 18:28:00 GMT
Mortgage rates were in the process of falling by the end of last week, but they made additional headway during the first half of the present week. That means this week's mortgage application survey from the Mortgage Bankers Association (MBA) ma..[read more]
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LO/Borrower Engagement, HELOC, LO Tech Tools; Agency and Investor News; Fairly Strong Jobs Numbers
Fri, 02 May 2025 15:50:41 GMT
Fortunately for the readers of this Commentary, we don't receive federal funding, so it won't be cut' Unlike groups like NPR and PBS which the Trump Administration call "biased.' Most media have advertising as a source of funding, and speaking of ads..[read more]
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Reasonably Strong Jobs Report. Reasonably Weak Reaction in Bonds
Fri, 02 May 2025 14:29:46 GMT
It is shaping up to be a straightforward morning for the bond market. There was a justified and logical amount of anticipation for today's numbers and the reaction is just as logical. Specifically, jobs came in stronger (177k vs 130k). This isn't a b..[read more]
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