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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Mortgage News Daily Feed & Christian Science Monitor:
Too Soon to Say Higher Yields Are Bringing Buyers?
4/17/2024 3:32 PM
Too Soon to Say Higher Yields Are Bringing Buyers? Bonds enjoyed their best day in more than a month and a half on Wednesday, which can"t help but beg the question: why?  Days like today require a process of elimination and some guesswork.  We don"t have a big, obvious market mover in play in term...Read More
Mortgage Rates Finally Win One
4/17/2024 3:14 PM
Mortgage rates moved lower today after hitting the highest levels since mid November yesterday.  Some lenders were down as much as an eighth of a percent, which is on the bigger side for a day-over-day change for conventional 30yr fixed rates.  As nice as it is to see a big improvement, it"s important to understand the nature of the move...Read More
Non-QM, Verification, Fraud Prevention, Buy Before You Sell Products; STRATMOR on Borrower Satisfaction
4/17/2024 10:37 AM
“We base our business model on lots of things, but not on our ability to predict rates.” Remember when there used to be “a flight to quality” when there was world unrest, and investors put their money into dollar-denominated assets? Long gone. Even if one knew exactly what was going to happen in the United States, how can anyone, including the Fede...Read More
Token Bounce
4/17/2024 10:16 AM
The bond market is getting off to a stronger start today despite an absence of any new motivations in the news or economic calendar.  In fact, the calendar is essentially empty when it comes to market movers.  While we could make a case for some friendly spillover from European bonds, and while the timing and correlation line up fairly we...Read More
Mortgage App Volume Ticks Higher Despite Higher Rates
4/17/2024 7:35 AM
Mortgage interest rates rose for the second straight week, and so did the volume of mortgage applications. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, increased 3.3 percent on an adjusted basis from one week earlier and 4.0 percent before adjustment.   The Refinance Index increased 0.5 pe...Read More
Mortgage Rates Back to 7.5%
4/16/2024 3:56 PM
The bad times keep rolling for mortgage rates with the average conventional 30yr fixed rate back up to 7.5% according to our daily index.  This is quite a bit higher than the major weekly indices for a few reasons.  First, the weekly indices haven"t been updated for the current week yet.  When that changes, because they are averages,...Read More
Powell Confirms What The Bond Market Already Knew
4/16/2024 3:54 PM
Powell Confirms What The Bond Market Already Knew Morning hours were frustrating for the bond market as we watched yields move to new multi-month highs for no obvious reason.  That said, the notion of a "re-pricing" sell-off doesn"t really require new obvious reasons (because the obvious reasons from t...Read More
Residential Construction Fall and Builder Confidence Flattens in Uncertain Rate Environment
4/16/2024 10:41 AM
While builder confidence in the market for new residential construction improved in March, it remained flat in April and residential construction numbers showed a decline in momentum as well. Residential construction starts, which had surged in February, gave back all of those gains in March. The U.S. Census Bureau and the Department of Housing an...Read More
Networking, Pricing Engine, VOE Products; Agencies Address Foreclosures and Potential NAR Settlement
4/16/2024 10:30 AM
“Congratulations to the Kardashians on their 20th season. And to me for never having watched a single minute of a single episode.” There are certainly more important things in life, like the rising cost of homeowner’s insurance, and the changing climate. Manmade or natural, it doesn’t matter: If an insurance company won’t insure the area, if an inv...Read More
More Losses. When Will Buyers Be Enticed?
4/16/2024 10:25 AM
Yesterday"s commentary pulled an occasionally used phrase off the shelf by referring to recent weakness as a "repricing" in the broader bond market.  This is an intentional migration from one rate reality to another.  These episodes happen from time to time and are usually driven by data or a major change in policy.  The most importa...Read More

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Your Money Articles from New York Times:
That Giant College ‘Sticker’ Price Isn’t What Most Students Pay
4/12/2024 3:24 PM
The share of those paying the full advertised cost has declined over the last couple of decades, a new report found. Yet many don’t understand how much they’ll really pay...Read More
Biden’s Student Loan Repayment Plan Is Being Challenged. Here’s What to Know.
4/13/2024 4:03 AM
The income-driven plan known as SAVE has reduced payments for millions of borrowers. Lawsuits by Republican-led states are seeking to upend it...Read More
Why Better Times (and Big Raises) Haven’t Cured the Inflation Hangover
4/15/2024 4:00 AM
Frustrated by higher prices, many Pennsylvanians with fresh pay raises and solid finances report a sense of insecurity lingering from the pandemic...Read More
Immigrants in Maine Are Filling a Labor Gap. It May Be a Prelude for the U.S.
4/12/2024 5:00 AM
A wave of rapid immigration is taxing local resources around the country and drawing political ire. But it might leave America’s economy better off...Read More
Here’s Why This Bouquet of Red Roses Costs $72 in NYC.
4/16/2024 5:00 PM
A dozen red roses is timeless. But its price tag is not. At Ditmars Flower Shop in Queens, where costs have soared in recent years, a bouquet is $72, up from $60 in 2019...Read More
Paying Off People’s Medical Debt Has Little Impact on Their Lives, Study Finds
4/8/2024 12:22 PM
A nonprofit group called R.I.P. Medical Debt has relieved Americans of $11 billion in hospital bills. But that did not improve their mental health or their credit scores, a study found...Read More
Some Colleges Will Soon Charge $100,000 a Year. How Did This Happen?
4/8/2024 1:55 PM
Some Vanderbilt students will have $100,000 in total expenses for the 2024-25 school year. The school doesn’t really want to talk about it...Read More
Tips on How to Pack a Carry-on
4/3/2024 4:00 AM
Should you fold or roll your clothes? Is a duffel bag better than a backpack or a bag with wheels? How to pack light and avoid checked-bag fees (not to mention lost luggage)...Read More
A Review of Robinhood’s 3 Percent Cash-Back Card
4/11/2024 11:22 AM
Charles Schwab stopped offering a 2 percent card years ago, and most banks don’t hand over more than 2 percent either...Read More
Are Travel Loyalty Programs at Risk?
3/28/2024 12:09 PM
A new agreement by Visa and Mastercard to reduce fees charged to merchants may drain the lucrative rewards that grant free travel to many credit card users...Read More

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