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Three news feeds are on this page. Mortgage Daily News is below, followed by the Christian Science Monitor, and finally "Your Money" articles from the New York Times. I hope you enjoy these perspectives. |
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| Pending Home Sales Slip, But the Broader Story Remains the Same | ||
| 5/30/2025 5:03 PM | ||
| The National Association of Realtors" Pending Home Sales Index (PHSI)—which tracks contract signings on existing homes—has spent more than two years stuck in a rut, held back by affordability constraints and the lingering impact of elevated mortgage rates. April"s update didn’t do the market any favors, but it also didn’t tell us anything particula...Read More | ||
| Purchase and Refi Demand Diverge Again | ||
| 5/30/2025 4:43 PM | ||
| The Mortgage Bankers Association"s (MBA) weekly application survey continues to track closely with the more granular daily rate data from MND. Both showed mortgage rates climbing to new multi-month highs last week, and that upward momentum once again took a toll on refinance demand—even as purchase applications managed to grind higher. “Mortgage r...Read More | ||
| Home Prices Falling or Growing Less Quickly? | ||
| 5/30/2025 3:59 PM | ||
| Both FHFA and Case Shiller released home price data this week with some mixed messages for the housing market. The first thing to remember about the major home price indices is that they run about 2 months behind--for the month of March in the present case. Another important consideration when looking at month-to-month movement is that the FHFA pr...Read More | ||
| Strongest Close of the Week After Well-Contained Month-End Volatility | ||
| 5/30/2025 3:19 PM | ||
| Strongest Close of the Week After Well-Contained Month-End Volatility There was always a reasonably high bar for today"s econ data to have a big impact. When it came out right in line with expectations this morning, that ship sailed. That left the month-end trading environment as the most likely source of i...Read More | ||
| Another Small Victory For Mortgage Rates | ||
| 5/30/2025 2:28 PM | ||
| It has turned out to be a surprisingly calm week for mortgage rates and, as of today, largely a victorious one, even if the victories have been modest. Today"s installment involves a 0.02% drop in the average top tier 30yr fixed rate. This brings the index to the lowest level of the week and a fairly decent 0.12% below last Friday"s levels. ...Read More | ||
| Correspondent DPA, Home Equity Products; Training and Webinars in June; STRATMOR on Navigating DC | ||
| 5/30/2025 10:42 AM | ||
| “Rob, what are the odds that the MBA will set up a ‘Man Park’ at the big conference in Las Vegas in October?” Slim to none. The United States is an interesting place. We’re approaching the summer, and last week Steve Pruitt reminded me that New Jersey is pretty much the only place where land meeting water is called “the shore;” everywhere else it’s...Read More | ||
| Ho-Hum PCE Inflation Data Leaves Focus on Month-End Trading | ||
| 5/30/2025 8:14 AM | ||
| Today"s PCE Price Index is one of the two main consumer inflation reports put out by the US government. It"s bigger and broader than CPI, but CPI comes out 2 weeks earlier than PCE. CPI and other data also enable traders to forecast PCE much more accurately. Due to the staleness and lower surprise potential, PCE tends to not garne...Read More | ||
| Bonds Hold Morning Gains; No Reaction to Tariff Headlines | ||
| 5/29/2025 3:46 PM | ||
| Bonds Hold Morning Gains; No Reaction to Tariff Headlines To be clear, markets reacted to tariff headlines yesterday evening when the news was that a court decision would block certain tariffs. But even before today"s most relevant tariff headlines, markets had correctly sniffed out the outcome. In sh...Read More | ||
| Mortgage Rates Move Slightly Lower After Today"s Data | ||
| 5/29/2025 2:49 PM | ||
| There was a bit of behind-the-scenes volatility in the bond market today. Normally, bond volatility translates to interest rate volatility. In some cases, the timing of the volatility is such that has a minimal impact on mortgage lenders. Today was one of those days. Yesterday evening, news broke regarding a court ruling that would blo...Read More | ||
| AI Hedging, Application, Processing Tools; Builder/Lender M&A; Freddie-Fannie Saga Continues | ||
| 5/29/2025 10:50 AM | ||
| How about those junk emails that start off with, “I’m not going to waste your time.” It already wasted my time. Is it a waste of time paying attention to what government officials say, or schedules that they give? Trelix’s Brett Parker noted, “Last year some in the industry were saying, ‘Stay alive until ‘25’ but now it could be ‘Stay in the mix un...Read More | ||
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