Mortgage News
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News for: Mortgage News Daily
Showing 769 - 792 of 869 results
May 30, 2025 6:00 AM
— Interest Rates
Ho-Hum PCE Inflation Data Leaves Focus on Month-End Trading
Today's PCE Price Index is a consumer inflation report that is bigger and broader than CPI, but tends to have a smaller reaction in the market due to its staleness and lower surprise potential. Traders are more interested in the inflation narrative over the next 6 months, particularly with tariff policy stabilization and price pressure passing through. Bonds may be influenced by month-end trading ... more
May 29, 2025 2:01 PM
— Mortgage Rates
Bonds Hold Morning Gains; No Reaction to Tariff Headlines
The markets reacted to tariff headlines, with tariffs back in effect pending further review by the court. Traders expect the administration to find ways around any attempted block. Tepid economic data and a well-received 7-year Treasury auction added mildly to the gains. Mortgage-Backed Securities (MBS) and 10-year Treasury yields saw slight improvements.
May 29, 2025 1:00 PM
— Bond Markets
Mortgage Rates Move Slightly Lower After Today's Data
There was behind-the-scenes volatility in the bond market today, but it had a minimal impact on mortgage lenders. The bond market initially weakened due to news on tariffs, but reversed after the release of weak economic data. The weaker data was good for bonds and rates, leading to a modest drop in the average conventional 30yr fixed rate.
May 29, 2025 9:01 AM
— Housing Market
AI Hedging, Application, Processing Tools; Builder/Lender M&A; Freddie-Fannie Saga Continues
There is uncertainty surrounding the potential privatization of Freddie Mac and Fannie Mae, with differing opinions and potential plans coming from government officials. Additionally, there are discussions on retirement, tech solutions for lenders, and mergers and acquisitions in the industry.
May 29, 2025 8:00 AM
— Bond Markets
Overnight Trading Makes No Guarantees
Overnight trading initially reacted to news of a U.S. trade court blocking Trump tariffs, but the markets quickly reversed course the following morning. Bond traders do not believe the court ruling will have a lasting impact on tariff policy. Economic data released in the morning also contributed to the reversal, with weaker claims and GDP numbers.
May 29, 2025 7:01 AM
— Bond Markets
Minimal Movement Amid Absence of Data
The bond market had a fairly uneventful session, with the 5yr Treasury auction resulting in little change. Traders sold off before the auction and bought back in afterwards. The Federal Reserve Minutes did not have much impact on market volatility. Economic data in the coming days may influence market movement, along with month-end trading potentially causing significant swings for unknown reasons... more
May 28, 2025 1:01 PM
— Interest Rates
Mortgage Rates Hold Mostly Steady
Mortgage rates slightly decreased today after rising slightly at the start of the week. Top tier conventional 30yr fixed rates are just under 7% for the average lender. The rates spent 3 days above that mark last week. Today's fluctuation in rates was attributed to traders preparing for an auction of 5yr Treasuries, causing some minor headwinds in the rate market.
May 28, 2025 10:00 AM
— Bond Markets
Hesitation Ahead of Treasury Auction and Month-End
Bonds started the week positively but are now facing resistance, highlighting the need for a strong catalyst for sustained improvement. Possible factors include weak economic data, low inflation, or reduced Treasury issuance. Today, bonds are pausing ahead of a 5yr Treasury auction, with risk parity trading affecting both stocks and bonds.
May 28, 2025 9:00 AM
— Housing Market
MBS Pooling, CRM, Processing Tools; Second, HELOC, ITIN, Jumbo Product News; Builder CEO Survey
The mortgage industry continues to talk about the influence and market share of Freddie Mac and Fannie Mae moving towards non-QM investors. Market conditions are tough, but optimism remains for the new-home market. Various companies are introducing new products and services to streamline the lending process and provide more flexibility to borrowers.
May 27, 2025 3:01 PM
— Bond Markets
Bonds Finally Seeing Some Support
Japanese bonds, weak labor market data, and re-positioning after a holiday weekend contributed to bonds hitting their best 3pm close in 2 weeks. The heavy selling in May and recovery from high yields suggests a short-term ceiling until further notice. The upcoming week's data will provide more information on momentum shifts.
May 27, 2025 2:01 PM
— Mortgage Rates
Mortgage Rates Move Back Under 7%
30yr fixed mortgage rates spent 3 consecutive days over 7% last week, marking the first time since February. Rates have been more volatile and elevated in the past 7 weeks compared to the narrow range in March. Today's improvement was influenced by bond market movements and a stronger than expected Consumer Confidence Index, which raised concerns over the labor market.
May 27, 2025 9:00 AM
— Bond Markets
Japan? Something Else? Does it Matter?
Last week's headlines raised concerns about volatility in the Japanese bond market affecting US yields, but today's correction in Japanese yields has led to strength in Treasuries. The movement in Treasuries is not significant compared to recent trends. Overall, the larger movements in Japanese government bonds have shown no correlation with Treasuries. The impact of Japan on US yields should be t... more
May 27, 2025 8:00 AM
— Mortgage Lenders
Servicing, MERS Review, Broker Training; Disaster News; Bill Dallas Podcast Interview
The current Administration has been quick to terminate employees in various government departments, including the Agencies. The Supreme Court upheld the President's power to fire government agency members without good cause but spared the Federal Reserve. In other legal news, a Hawaiian woman pleaded guilty to defrauding her mortgage lender and the IRS.
May 24, 2025 4:00 AM
— Housing Market
No Major Change For Existing Home Sales
Existing home sales were at the highest levels in a year two months ago but have since declined to 5-month lows. The latest data shows a slight decrease to 6-month lows, with some regions seeing a decrease in sales while others remained unchanged or increased. Overall, housing inventory has increased, median prices have gone up, and the time on the market has decreased compared to the previous mon... more
May 24, 2025 3:01 AM
— Bond Markets
A Little Early Excitement
Bonds initially reacted to Trump comments on raising EU tariffs, causing movements in the market. However, by the end of the day, stocks and bonds were moving back in the opposite direction, ending with modest gains. The day concluded with slightly weaker levels compared to the past 3 months.
May 24, 2025 3:01 AM
— Mortgage Rates
Mortgage Demand Impacted by Rising Rates
Mortgage rates rose to their highest levels since February last week, leading to a slowdown in both purchase and refinance applications. Despite the increase in rates, purchase applications are up 13 percent from the previous year. The Mortgage Bankers Association's surveyed rates also showed increases in various loan types.
May 24, 2025 3:01 AM
— Housing Market
New Home Sales at 3 Year High, Maybe...
The Census Bureau reported that New Home Sales for April exceeded expectations at 743k, marking one of the best months in the past 3 years. Sales are good or better than pre-pandemic levels. However, last month's numbers were revised lower, prompting caution for future assessments.
May 23, 2025 11:00 AM
— Mortgage Lenders
Servicing With AI, Borrower Portal, 2nd Lien Products; Bill Pulte, Freddie, and Fannie News
The article discusses recent news about FHFA Director Bill Pulte and the implications of releasing Freddie Mac and Fannie Mae from conservatorship. It also mentions regulatory uncertainty, innovative financial products for homebuyers, and technology advancements in the mortgage industry.
May 23, 2025 10:01 AM
— Mortgage Rates
Mortgage Rates Lower Again Today, But Still Higher on The Week
The bond market closed 3 hours earlier than usual, limiting potential intraday rate changes in the mortgage market. Overnight, there was a slight improvement in rates, but they remained above 7%. While 7% rates are not new, they haven't been seen regularly in the past few months.
May 23, 2025 8:01 AM
— Trade Deal Impact on Mortgage Rates
Wait... So Tariffs Are Good or Bad For Bonds Now?
The article discusses Trump's recommendation of a 50% tariff on the EU, which caused a risk-off trade with stock and bond yields dropping. Despite some confusion regarding the impact of tariffs on bonds in the past, the reaction function has returned to a stance where higher tariffs are good for bonds and bad for stocks.
May 22, 2025 2:02 PM
— Bond Markets
Slightly Stronger Because Not Every Day Can be Weaker
Bond yields have been trending higher in May but experienced gains due to sellers taking a break. The gains were not driven by data or fiscal news, but possibly due to position-squaring before a holiday weekend. 10yr bond yields were down slightly in MBS.
May 22, 2025 12:00 PM
— Mortgage Rates
Mortgage Rates Edge Down From Recent Highs, But Remain Over 7%
Mortgage rates reached their highest level in over 3 months due to concerns about the impact of the spending bill on Treasury issuance and fiscal spending. Despite the bill passing the House, the Senate's delay in getting it to the President's desk allowed markets to pause and reflect. Some investors find yields on US Treasuries increasingly appealing, which could put downward pressure on rates as... more
May 22, 2025 9:00 AM
— Mortgage Lending
Non-QM, QC Trends, Past Borrower Mining Tools; House Passes Spending Bill; Webinars Through Month-End
The article discusses the impact of the 'Sell America' trade in financial markets on rates and borrowers, highlighting concerns over rising government debt and interest payments in the U.S. The IMF lowered its US growth forecast due to trade tensions, and political decisions are influencing lending practices. The article also mentions the importance of reducing tech costs for mortgage lenders thro... more
May 22, 2025 7:00 AM
— Bond Markets
Conspicuous Absence of Volatility After Data and Spending Bill Vote
The passage of the spending bill in the House led to only a modest extension of losses in stocks and bonds, as they had already been pricing it in throughout the week. Yields recovered into positive territory before the morning economic data release and have not changed much since then. Overall, there was surprisingly low volatility considering the news and lack of economic data for the week.
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The mortgage rates displayed on this site are collected daily from publicly available sources provided by more than 800 lenders. LoanGlass does not receive compensation for listing these rates, and all rates are presented as published by the respective lenders. While every effort is made to ensure accuracy, the information may contain errors or omissions. Mortgage rates are highly dependent on an individual’s financial circumstances, credit profile, loan terms, and other factors. As such, the rates you are quoted directly by a lender may differ materially from the rates displayed here.
Users should contact lenders directly to obtain formal, binding loan offers. If you identify any discrepancies in the data or would like to have your institution’s rates included, please contact us at content@loanglass.com.
All logos, trademarks, and brand names appearing on this website are the property of their respective owners.
The mortgage rates displayed on this site are collected daily from publicly available sources provided by more than 800 lenders. LoanGlass does not receive compensation for listing these rates, and all rates are presented as published by the respective lenders. While every effort is made to ensure accuracy, the information may contain errors or omissions. Mortgage rates are highly dependent on an individual’s financial circumstances, credit profile, loan terms, and other factors. As such, the rates you are quoted directly by a lender may differ materially from the rates displayed here.
Users should contact lenders directly to obtain formal, binding loan offers. If you identify any discrepancies in the data or would like to have your institution’s rates included, please contact us at content@loanglass.com.
All logos, trademarks, and brand names appearing on this website are the property of their respective owners.
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