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Mortgage / Finance about 10 hours ago
Average Home Prices Balloon by 17.2% over June 2020CoreLogic reports that home prices nationwide, including distressed sales, rose 17.2% in June 2021 compared with June 2020, up month over month by 2.3% in June ...
Mortgage / Finance about 10 hours ago
July 3rd Mortgage Market Wrap-up 13Mortgage backed securities closed up 19 basis points today at 102.19 having closed 32 points above the 200 day moving average. The conforming rate is at 2.75% t...
Mortgage / Finance about 12 hours ago
Daily Market Report 8/3/21http://MikesDailyMarketReport.com: Factory Orders rose 1.5% in June. Tomorrow, we'll see the 1st set of Jobs data for July, as the ADP will release their Priv...
Entering Jobs Week with High Expectations!Manufacturing activity eased in July from June but has increased now for the fourteenth consecutive months. The ISM Index fell to 59.5 last month from the June ...
August 2nd Mortgage Market Wrap-up 13Mortgage backed securities closed up 19 basis points today at 102.19 having closed 32 points above the 200 day moving average. The conforming rate is at 2.75% t...
Mortgage / Finance about 13 hours ago
Daily Market Report 8/2/21http://MikesDailyMarketReport.com: The ISM Manufacturing PMI dropped below 60 for the first time this year, as constraints in the supply chain show it's effect...
Mortgage / Finance 2 days ago
Pensacola Florida: Mortgage Rates Hit 10-Week High – Rise Above 3%Pensacola Florida: Mortgage Rates Hit 10-Week High – Rise Above 3%The average rate for a 30-year, fixed-rate rose from last week’s 2.93% to 3.02%… Read More My ...
Mortgage / Finance 2 days ago
“Yes, You Can Build Your Home”“Yes, You Can Build Your Home” After weeks of figuring out next steps for us, we have decided to build and stop searching for home that either don’t work for ou...
Mortgage / Finance 4 days ago
Inflation Tame: MBS Bonds Crack 200 Day Moving AverageInflation woes were allayed a bit this morning when a key gauge was better than feared. The June Core PCE grew 0.4%, slower than the 0.5% rise in May and below ...
Mortgage / Finance 4 days ago
July 30th Mortgage Market Wrap-up 13Mortgage backed securities closed up 6 basis points today at 102.00 having closed 12 points above the 200 day moving average. The conforming rate is at 2.75% to...
Mortgage / Finance 5 days ago
Daily Market Report 7/30/21http://MikesDailyMarketReport.com: The PCE, the Fed's favorite measure for Inflation, rose 0.5% MoM in July, as it's YoY rose to 4.0%; whereas it's Core PCE (e...
Mortgage / Finance 4 days ago
Foreclosures in our future?Good Morning Active Rainers, I was in an UPDATE course for our state of North Carolina yesterday. One of the speakers was a "short sale" attorney and he told ...
Mortgage / Finance 4 days ago
“Should We Sue the Seller and Our Agent?”“Should We Sue the Seller and Our Agent?” We should have listened to your advice. It has been 4 months since we closed on the home we purchased. Even though you...
Mortgage / Finance 5 days ago
Mortgage Rates Follow Fed Guidance and Remain Low
Home borrowing costs were essentially unchanged this week and remain at historically low levels. Freddie Mac reports that the 30-year fixed-rate mortgage rose ...
Mortgage / Finance 5 days ago
Mortgage Rates Follow Fed Guidance and Remain LowHome borrowing costs were essentially unchanged this week and remain at historically low levels. Freddie Mac reports that the 30-year fixed-rate mortgage rose t...
Mortgage / Finance 5 days ago
July 29th Mortgage Market Wrap-up 13Mortgage backed securities closed down 7 basis points today at 101.81 having closed 7 points below the 200 day moving average. The conforming rate is at 2.75% t...
Mortgage / Finance 5 days ago
Daily Market Report 7/29/21http://MikesDailyMarketReport.com: Initial Jobless Claims continue to disappoint again, as they remain in the 400k range; which happens to be this week's repor...
