AMB News

Mortgage News Daily

• Uneventful Start to What May be an Uneventful Week May 6, 2024
  Uneventful Start to What May be an Uneventful Week Without any big ticket events or major news headlines, it was no surprise to see bonds bounce around in a narrower sideways range.  Data-free Mondays are often superfluous when it comes to informing the big picture and today was no exception. It might have been even […]
• Mortgage Rates Modestly Lower to Start The New Week May 6, 2024
  Mortgage rates did well last week, making it almost halfway back to the lower levels seen on April 9th.  Why focus on April 9th?  That was the last day before the most recent Consumer Price Index (CPI). Why focus on CPI?  That's the monthly economic data that matters most to rate movement these days.  It's […]
• Digital HELOC, Non-QM, Diligence, CRM, Construction Products; Primer on NEXA/Kortas/Grella Case May 6, 2024
  Think your job has its ups and downs… How’d you like to be a lipstick tester? (You should see the rest of him!) For me it is off to Birmingham tomorrow, where no lipstick testing is on the agenda, but I am sure that one of the topics at the MBA of Alabama Conference will […]
• Everything is a Sideshow Until May 15th May 6, 2024
  Last week was definitely important for the bond market.  The key takeaway was the Fed's acknowledgement of elevated inflation in Q1 coupled with the assessment that they still see inflation subsiding in the coming months and that the next move i...
• Bonds Hold On to NFP-Driven Gains Despite Some Push-Back May 3, 2024
  Bonds Hold On to NFP-Driven Gains Despite Some Push-Back Whether you view it as a perfectly logical reaction to NFP coming in at 175k vs 243k or a bit too much of a rally relative to the motivation, no one could argue that bond yields were destined to drop after seeing this morning's jobs report.  […]
• Rates End Week at Lowest levels since April 9th May 3, 2024
  It was an action-packed week for the housing and mortgage market. Wednesday's Fed announcement was the highlight, but we also got several economic reports that caused rate volatility. Thankfully, it was mostly the good kind. The week got off to a slightly stronger start with Monday's only major rate news being updated borrowing estimates from […]