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Real Estate News |
Moody's Pulls Pin And Walks Away With 10 Minutes Left to Trade
Fri, 16 May 2025 21:26:34 GMT
Moody's Pulls Pin And Walks Away With 10 Minutes Left to Trade Bonds began the day stronger after a gentle overnight rally. Selling commenced at 9:30am for the 4th day in a row and picked up slightly after the hi..[read more]
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Mortgage Rates End Week Only Slightly Higher After Decent Recovery
Fri, 16 May 2025 20:25:00 GMT
The average top tier 30yr fixed rate is set to end the week just a few hundredths of a percent higher than last Friday at 6.92%. That's a victory--albeit a small one--after hitting 6.99% on Wednesday. As always, these rates refer to an index re..[read more]
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Housing Starts Buoyed By Multi-Family Sector
Fri, 16 May 2025 20:11:00 GMT
The Census Bureau is out with monthly construction numbers for April showing an uptick in construction activity offset by slightly lower permitting. While there are several other metrics in this report, building permits and housing starts (whic..[read more]
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Builder Confidence Near Post-Pandemic Lows, But Timing is Everything
Fri, 16 May 2025 19:52:00 GMT
The National Association of Homebuilders (NAHB) and Wells Fargo released the monthly Housing Market Index (HMI) this week, showing builder confidence falling to the lowest levels since 2023. This is about as low as the index has been since the ..[read more]
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Purchase Demand Moves Back Toward 2 Year High; Refis Hold Steady
Fri, 16 May 2025 18:16:00 GMT
Home purchase demand improved improved last week according to the MBA mortgage application survey. The improvement over the previous week was fairly modest, but the index was already the 4th highest reading of the past 2 years. Now it's the 5th..[read more]
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DSCR Sales, Processing, UAD 3.6, Homebuyer, LO Locking Tools; STRATMOR Tech Survey
Fri, 16 May 2025 15:44:45 GMT
This weekend is when many of us head to Manhattan for the MBA's National Secondary event. For those flying in, check your ticket: NJ Transit's on strike. Flying into Newark? Transportation Secretary Sean Duffy explains Why He Canceled Wife's Newark F..[read more]
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Coasting Into The Weekend With Little Regard For Data
Fri, 16 May 2025 14:34:57 GMT
One might assume that an economic report like Import Prices would carry a lot of weight in light of the news cycle or that the highest 1yr inflation expectations since 1981 in the Consumer Sentiment survey might cause a stir. In practice, Import Pric..[read more]
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Today's Gains Help Us Understand Yesterday's Losses
Thu, 15 May 2025 20:25:02 GMT
Today's Gains Help Us Understand Yesterday's Losses Wednesday's weakness was severely lacking in the scapegoat department. In other words, there were not big, obvious justifications for the spike in bond yields. ..[read more]
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Mortgage Rates Catch a Break
Thu, 15 May 2025 19:36:00 GMT
Mortgage rates have done almost nothing but move higher in the month of May. The latest bump--seen yesterday--took the average top tier 30yr fixed rate to 6.99%. While this is fairly uneventful in the bigger picture, it was a noticeable increase from..[read more]
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Workflow, 2nd, Portfolio, Bridge, LOS Products; Pulte Interview; Rocket and Prepayment Speeds
Thu, 15 May 2025 15:50:30 GMT
"There's a splendid saying about the definition of an economist being someone who "will know tomorrow why the things they predicted yesterday didn't happen today.' Everyone's warning everyone about everything these days: Recessions, inflation, housin..[read more]
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