Market Update, Tuesday, April 7, 2020
Treasury prices were lower yesterday as equities seem to be the investment of choice. For the day, benchmark 10-year notes were down 26/32 pushing yields up to .69%, while 30-year bonds fell 1-17/32 with yields at 1.27%.
Market Update, Monday, April 6, 2020
In Friday’s economic news, the markets woke up to a very discouraging jobs report which showed payrolls coming in at negative 701K versus a survey of negative 101K.
Market Update, Friday, April 3, 2020
MBA, mortgage applications rose 15.3% last week, led by a 25.5% increase in refinances, while purchases were down -10.8%. Despite all the volatility in MBS prices, we have seen little movement in primary rates the past week as lenders struggle with full pipelines
Market Update, Thursday, April 2, 2020
MBA, mortgage applications rose 15.3% last week, led by a 25.5% increase in refinances, while purchases were down -10.8%. Despite all the volatility in MBS prices, we have seen little movement in primary rates the past week as lenders struggle with full pipelines
Market Update, Wednesday, April 1, 2020
MBA, mortgage applications rose 15.3% last week, led by a 25.5% increase in refinances, while purchases were down -10.8%. Despite all the volatility in MBS prices, we have seen little movement in primary rates the past week as lenders struggle with full pipelines
Market Update, Tuesday, March 31, 2020
Last week’s reduction in interest rates have fueled a flurry of lending activity. Mortgage applications for refinances jumped to an 11 year high with a whopping 55% increase in just a week’s period. On the purchase front, many experts such as Joel Kan, a renowned MBA economist, predicts that prospective buyers will continue
Market Update, Monday March 30, 2020
Last week’s reduction in interest rates have fueled a flurry of lending activity. Mortgage applications for refinances jumped to an 11 year high with a whopping 55% increase in just a week’s period. On the purchase front, many experts such as Joel Kan, a renowned MBA economist, predicts that prospective buyers will continue
LoanScorecard Partners with LoanStream Mortgage to Power QualONE
LoanScorecard®, the lead provider of non-agency automated underwriting systems (AUS) – owned by Calyx (solution provider of Loan Origination Software – Point), today announced that it has partnered with LoanStream Mortgage (LSM) to power LSM’s pricing and scenario tool, QualONE.