Real Estate News
Yellen wins confirmation to become first woman as Treasury chief
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Janet Yellen was confirmed by the U.S. Senate as the country's 78th Treasury secretary and the first woman to hold the job, putting her in charge of overseeing an economy that continues to be hobbled by the coronavirus pandemic.
Mortgage and refinance rates today, January 26, 2021
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Today’s mortgage and refinance rates  Average mortgage rates edged lower yet again yesterday. And they’re now tantalizingly close to the all-time low. But early signs in markets suggest the recent […]
MBS RECAP: MBS Outperform Treasuries Thank to Light Supply at Fed Buying Operation
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Posted To: MBS Commentary

MBS Outperform Treasuries Thank to Light Supply at Fed Buying Operation Treasuries didn't gain any new ground today, but it's a bit of a victory to simply hold below the recent floor at 1.075%. Moreover, MBS outperformed after sellers offered up very light supply in the Fed's 30yr Fixed UMBS buying operation today. By the close, UMBS 1.5 and 2.0 coupons were both up at least an eighth of a point while Treasuries weren't any better than unchanged. All in all, it was an extremely calm trading session. Durable Goods data in the morning tomorrow followed by a Fed Announcement at 2pm ET. Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm (T-Th) Case Shiller Home Prices (y/y) 9.1 vs 8.6 f'cast, 8.0 prev FHFA Home Prices (y/y) 11.0 vs 10.3 prev Consumer...(read more)

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Fannie Mae chief economist’s forecast for US economy, housing market in 2021
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We’re not breaking any news when we say that January
Homeowners association identifier tool aims to mitigate lender risk
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Black Knight’s product is designed to assist mortgage lenders in performing due diligence while also preventing heightened risk of foreclosure losses.
Mortgage Rates Mostly Recover After Starting The Day Higher
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Mortgage rates were mixed to slightly higher today, depending on the lender. "Higher" is a relative term, in this case as the average loan seeker is unlikely to see much of a difference between yesterday's quotes and today's. Even then, the changes would almost certainly be in the form of upfront costs (or lender credits) rather than to the interest rate itself. For the sake of thoroughness and accuracy, keep in mind there are really two different kinds of rate when it comes to mortgages. The " note rate " is unsurprisingly the rate found at the top of your mortgage note. This is the rate that's applied to the principal balance of your loan in order to determine your principal and interest payment. The other rate would be the APR (annual percentage rate), which factors in all of the upfront
More Evidence of Covid’s Effect on Home Buying Preferences
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Posted To: MND NewsWire

It probably wasn't on your COVID Bingo card, but the National Association of Home Builders (NAHB) is finding more and more evidence that the pandemic is changing America's home buying plans . Rose Quint writes in NAHB's Eye on Housing Blog that the percentage of those households considering purchasing a home within the next year took the largest jump in the history of the association's Housing Trends Report . Fifteen percent of those surveyed in the fourth quarter of 2020 had such plans, up 4 points from a year earlier. Among those with home buying on their short-term agenda, it would be the first such purchase for 61 percent, down from 63 percent a year earlier. However, the share was up from 55 percent in Q3, which was among the lowest percentages of potential first time borrowers over the...(read more)

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PennyMac founder and chairman dies from COVID-19
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Stanford Kurland, the founder and non-executive chairman of PennyMac has
Will Biden take the nuclear option on the GSEs?
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If new housing policy initiatives are not adopted by Congress, the Biden Administration may seek to push the GSEs into receivership, which would damage the conventional market, columnist and analyst Chris Whalen says.
Mortgage and refinance rates today, January 25, 2021
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Today’s mortgage and refinance rates  Average mortgage rates fell more than expected last Friday. And they’re now back within striking distance of the most recent all-time low, set early this […]
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