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Mortgage News Daily

MBS RECAP: Bonds Cap Extraordinarily Tame Week Despite Excuses
Posted on Friday January 17, 2020

Posted To: MBS Commentary

We've seen a whole lot more movement in the bond market for a whole lot less motivation than we had this week. Back to back econ data shockers (Philly Fed and Housing Starts) were scarcely able to get yields back up to Monday morning's highs, and yields hadn't fallen very much to begin with. In other words: "Housing Starts Surge 40% Annually to The Highest in 13 Years" isn't really a headline that jives with 10yr yields rising less than 2bps by the close of business. Oh, and stocks hit all time highs on 4 out of the 5 days. Oh, and the phase 1 trade deal signing went off without a hitch. All that to say that bonds were more than entitled to end up somewhere other than smack dab in the middle of the consolidation range that's been in effect for close to half a year...(read more)

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Mortgage Rates Off Recent Lows
Posted on Friday January 17, 2020

Posted To: Mortgage Rate Watch

Mortgage rates moved slightly higher over the past two days as strong economic data and corporate earnings coaxed investors into riskier assets like stocks. Bonds (which dictate interest rates) are always being bought and sold, but demand varies depending on investors' risk appetite. If demand for bonds falls as it has in the 2nd half of this week, rates move higher. Fortunately, this move has been very small in the bigger picture. Mortgage rates, specifically, have moved even less than rates associated with other bonds. The average lender is still able to offer 30yr fixed rates of well under 4% on top tier scenarios. And the average borrower wouldn't see more than 0.00125% of difference from the lowest rates in more than 3 months. Bottom line, while rates are slightly higher than their best...(read more)

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Reverse Daily Mortgage

3 Tips for Training Forward Originators into Reverse Mortgages
Posted on Thursday January 16, 2020

Finding dedicated reverse mortgage personnel that have been trained strictly in the reverse discipline can be a difficult thing for recruiters at various lenders, which is why it’s generally common for some of those lenders to find loan officers who have been trained and working on the forward side through something of a “conversion” process. […]

The post 3 Tips for Training Forward Originators into Reverse Mortgages appeared first on Reverse Mortgage Daily.

Medicare-sponsored Program Allows More Seniors to Age in Place
Posted on Thursday January 16, 2020

A program sponsored by Medicaid and Medicare which allows more seniors to age in place has recently expanded its presence in the state of California, keeping more seniors at home while reducing the cost of care for seniors in the state. This is according to a story appearing at Kaiser Health News (KHN). The Program […]

The post Medicare-sponsored Program Allows More Seniors to Age in Place appeared first on Reverse Mortgage Daily.