Volatility Settles Down but Monday's Selling Still Sets the Pace
Volatility Settles Down but Monday's Selling Still Sets the Pace Published Date 7/21/2021 Stock indexes early this morning were mixed, the DJIA +141 at 8:30 am ET while NASADAQ -17. The 10 yr. note began up 2 bps to 1.23%, MBS prices -2 bps from yesterday. Starting the day with less volatility, no key data today; Treasury will auction $24B of 20 yr. bonds at 1:00 pm ET. Traders turning to earnings season as would be normal but recent volatile movement put earnings on the back
Just hit ‘print’ and home can become a reality
Published Date 7/20/2021 In a wildly competitive real estate market some homebuyers are seeking alternatives. Rising home prices, labor shortages, and tight inventory seem to be speeding up demand for 3D printed homes. And those companies poised to provide it are working harder than ever to bring this new phenomenon to the marketplace. Oakland, CA-based construction technology company Mighty Builders has gotten a foothold with small (tiny) 3D-printed houses with ambitious pla
Rate volatility remains high with housing data in for June
Published Date 7/20/2021 Today's Mortgage Rate Summary How Rates Move: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market. This means rates or loan fees (mortgage pricing) moves throughout the day, being affected by a variety of economic or political events. When MBS pricing goes up, mortgage rates or pricing generally goes down. When they fall, mor
3 Charts That Show This Isn’t a Housing Bubble
With home prices continuing to deliver double-digit increases, some are concerned we’re in a housing bubble like the one in 2006. However, a closer look at the market data indicates this is nothing like 2006 for three major reasons. 1. The housing market isn’t driven by risky mortgage loans. Back in 2006, nearly everyone could qualify for a loan. The Mortgage Credit Availability Index (MCAI) from the Mortgage Bankers’ Association is an indicator of the availability of mortgag
