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document.write('<p class="rss-title"><a class="rss-title" href="http://www.mortgagenewsdaily.com/channels/" target="_self">Mortgage News Daily</a><br /><span class="rss-item"></span></p>');
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document.write('<li class="rss-item"><a class="rss-item" href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/900538.aspx" target="_self">MBS RECAP: Deceptively Relevant Econ Data But Range Prevails</a><br />');
document.write('Posted To: MBS CommentarySince Retail Sales rocked markets yesterday, perhaps bonds would be interested in responding to economic data again today? This question seemed to have been answered when bonds apparently jumped following this morning&#39;s 8:30am economic data. The only problem was that the data in question included NY Fed Manufacturing and Import/Export Prices. These are not reports that tend to cause such immediate and highly correlated movement. So what gives? For better or worse, I stare at a tick by tick stream of bond data for most of the day. Anyone else who spends their lives in such a manner would also surely have seen bonds on the move in 2 distinct ways well in advance of 8:30am. The first was a more general move that began with the European trading session. While it was general and relatively slow...(read more)Forward this article via email:&nbsp;&nbsp;Send a copy of this story to someone you know that may want to read it.');
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document.write('<li class="rss-item"><a class="rss-item" href="http://www.mortgagenewsdaily.com/02152019_mba_nds.asp" target="_self">\"Homeowners are in Great Shape,\" Delinquencies Improve Across the Board</a><br />');
document.write('Posted To: MND NewsWireMortgage loan delinquencies were down from the third quarter of 2018 in the fourth quarter. The Mortgage Bankers Association (MBA) said the improvements held across all loan types and all stages of delinquency although there was a slight uptick in foreclosure starts. The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.06 percent of all loans outstanding, down 41 basis points (bps) from the third quarter and 111 bps from the fourth quarter of 2017 according to MBA\'s National Delinquency Survey. The percentage of loans on which foreclosure actions were started in the fourth quarter rose by 2 bps to 0.25 percent but MBA said that was probably due to the expiration of foreclosure moratoria in states affected by natural...(read more)Forward this article via email:&nbsp;&nbsp;Send a copy of this story to someone you know that may want to read it.');
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document.write('<li class="rss-item"><a class="rss-item" href="http://www.mortgagenewsdaily.com/consumer_rates/900527.aspx" target="_self">Mortgage Rates in a Holding Pattern</a><br />');
document.write('Posted To: Mortgage Rate WatchMortgage rates were slightly higher today, marking the 6th day in a row where they\'ve reversed course versus the previous day. This is the sort of behavior we see when underlying financial markets are having a hard time making up their mind (or are simply waiting for something before committing to the next big move). In the case of mortgage rates, the underlying financial market is the bond market. There are specific bonds that most directly affect mortgage rates, but they are almost always moving in the same direction as other bonds anyway. That allows us to use something like the 10yr Treasury yield to keep an eye on interest rate momentum. There we see yields locked in an increasingly narrow range since the beginning of the year. Movements inside that range aren\'t important to the bigger...(read more)Forward this article via email:&nbsp;&nbsp;Send a copy of this story to someone you know that may want to read it.');
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document.write('<li class="rss-item"><a class="rss-item" href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/900427.aspx" target="_self">MBS Day Ahead: Range Trade Likely to Dominate Heading Into Holiday Weekend</a><br />');
document.write('Posted To: MBS CommentaryRates were at long term highs in early November 2019. Several global economic risks were beginning to swirl at the same time. These included a slowdown in German GDP, the weakest Chinese retail sales in 15 years, Italian budget drama, and a Federal Reserve that didn&#39;t seem to care about big stock losses in October. The Fed had released an announcement on the Wednesday before Veteran&#39;s Day weekend. That trading day saw 10yr yields hit 3.25% and they never went any higher after that. In fact, they mostly went lower--especially when the stock sell-off kicked into higher gear in December. All of the above made November and December the best 2-month stretch for rates in more than 2 years. When rates rally that aggressively, they usually take a break and move sideways before deciding if the...(read more)Forward this article via email:&nbsp;&nbsp;Send a copy of this story to someone you know that may want to read it.');
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document.write('<li class="rss-item"><a class="rss-item" href="http://www.mortgagenewsdaily.com/02152019_gse_financial_results.asp" target="_self">GSEs Continue Financial Winning Streaks</a><br />');
document.write('Posted To: MND NewsWireFreddie Mac and Fannie Mae (the GSEs) reported solid financial results for both the fourth quarter and the entirety of the 2018 fiscal year on Thursday. The annual income was higher for both GSEs , although each posted a decrease quarter-over-quarter. Fannie Mae\'s total comprehensive income for the fourth quarter was $3.2 billion compared to $4.0 billion in the third quarter, and it reported a $16.0 billion total for the year. Because of ramifications from the 2017 tax act , its comprehensive income for the 2017 year was only $2.6 billion. Freddie Mac\'s total comprehensive income for the year was $8.6 billion compared to $5.6 billion in 2017 (it too had unusually high tax obligations that year.) For the fourth quarter comprehensive income dropped from $2.6 billion to $1.5 billion. Fannie Mae...(read more)Forward this article via email:&nbsp;&nbsp;Send a copy of this story to someone you know that may want to read it.');
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document.write('<li class="rss-item"><a class="rss-item" href="http://www.mortgagenewsdaily.com/channels/pipelinepress/02152019-agency-earnings.aspx" target="_self">Sales Jobs; Construction, Marketing Products; Impressive Agency Earnings</a><br />');
document.write('Posted To: Pipeline PressHuh? Radian was recently in takeover talks ? I only know what I read in the newspapers! Sometimes I wonder if everyone isn&rsquo;t in M&amp;A talks to one degree or another, and rumors continue to swirl about a publicly-held bank in the Northwest spinning off its mortgage division. There&rsquo;s a lot going on in our biz, especially with Freddie &amp; Fannie in the present &amp; future &ndash; more below. Even my cat Myrtle is silent, ignoring my questions about what she&rsquo;s been up to lately. Lender Products and Services With the new integration between LBA Ware&rsquo;s CompenSafeTM and the enterprise digital mortgage solution from SimpleNexus , loan originators can now receive real-time compensation notifications through the SimpleNexus mobile app. SimpleNexus provides LOs with a single...(read more)Forward this article via email:&nbsp;&nbsp;Send a copy of this story to someone you know that may want to read it.');
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document.write('<li class="rss-item"><a class="rss-item" href="http://www.mortgagenewsdaily.com/02142019_homebuying_sentiment.asp" target="_self">Fewer Plan to Buy, But Others Aren\'t Giving Up</a><br />');
document.write('Posted To: MND NewsWireThe perceptions, expectations, and plans of prospective homebuyers appear to be undergoing a transition according to results from the most recent Housing Trends survey report from the National Association of Homebuilders (NAHB). Rose Quint writes about the fourth quarter 2018 survey in a five-part series in the association\'s Eye on Housing Blog. She says that, for starters, there has been a steady erosion in the percentage of adults who said they planned to purchase a home within a year. That share slipped quarterly from 24 percent in the fourth quarter of 2017 to 13 percent in both the third and fourth quarters of 2018. Quint says the decline provides additional evidence that housing affordability has become a serious concern. Its deterioration has been driven by several years of strong home...(read more)Forward this article via email:&nbsp;&nbsp;Send a copy of this story to someone you know that may want to read it.');
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document.write('<li class="rss-item"><a class="rss-item" href="http://www.mortgagenewsdaily.com/02142019_mba_new_home_sales.asp" target="_self">Mortgage Bankers Estimate 29% Surge in New Home Sales</a><br />');
document.write('Posted To: MND NewsWireWhile we have not yet seen figures from the Census Bureau for December let alone January, the Mortgage Bankers Association (MBA) is reporting a surge in new home sales last month. Information from MBA\'s Builder Application Survey (BAS) indicates that those sales, while unchanged from January 2018, increased by 43 percent compared to December 2018. The change does not include any adjustment for typical seasonal patterns. On a seasonally adjusted basis, MBA estimates sales were at an annual rate of 713,000 units. This is an increase of 29.2 percent from the December estimate of 552,000 units. Before adjustment MBA estimates that there were 54,000 new home sales in January 2019, up 45.9 percent from 37,000 new home sales in December. Joel Kan, MBA\'s Associate Vice President of Economic and Industry...(read more)Forward this article via email:&nbsp;&nbsp;Send a copy of this story to someone you know that may want to read it.');
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document.write('<li class="rss-item"><a class="rss-item" href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/900302.aspx" target="_self">MBS RECAP: Dormant Data Returns in a Big Way</a><br />');
document.write('Posted To: MBS CommentaryOf all the reports silenced by the government shutdown, Retail Sales was probably the most missed. It didn&#39;t help that December is a rather important month for such data. December&#39;s report finally arrived today, and it made waves . While there has been some question as to how quickly markets would be willing to &quot;trust&quot; the economic data affected by the shutdown, traders were instantly willing to react in this case for 2 reasons. First off, the Census Bureau simply told markets that its collection efforts were solid right on the front page of the report. But even more important , in this case, was the size of the miss, with sales falling at their fastest pace since 2009. It was also a rare &quot;down December&quot; for the series, with 2014 being the only other example during...(read more)Forward this article via email:&nbsp;&nbsp;Send a copy of this story to someone you know that may want to read it.');
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document.write('<li class="rss-item"><a class="rss-item" href="http://www.mortgagenewsdaily.com/consumer_rates/900291.aspx" target="_self">Rates Are Better Today, But Not Back to 1-Year Lows</a><br />');
document.write('Posted To: Mortgage Rate WatchMortgage rates recovered today after rising to the highest levels in a week as of yesterday. The improvement followed a much-weaker-than-expected Retail Sales report--something investors have been waiting on for nearly 2 months due to the government shutdown. Retail sales comprise an important part of economic activity, and the economy is one of the biggest considerations for interest rates. Generally speaking, economic strength pushes rates higher, all other thing being equal. Thus, the unexpectedly weak retail numbers had the opposite effect. How big was the effect? Not quite as big as most other media outlets would suggest. The discrepancy is due to the regular Thursday release of the industry\'s most widely-cited mortgage rate report from Freddie Mac. While that report is accurate for the...(read more)Forward this article via email:&nbsp;&nbsp;Send a copy of this story to someone you know that may want to read it.');
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document.write('<li class="rss-item"><a class="rss-item" href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/900128.aspx" target="_self">MBS Day Ahead: Retail Sales is Back! Will Traders Pretend Nothing Changed?</a><br />');
document.write('Posted To: MBS CommentaryPerhaps it wasn&#39;t their fault, but several top tier economic reports up and left us during the government shutdown. We knew we&#39;d see them again at some point, but in the meantime, we had to adapt to gleaning economic cues elsewhere. Moreover, we&#39;re left to wonder what the government shutdown time may have done to corrupt the first few rounds of economic reports that are returning after their forced hiatus. What am I getting at, you might ask? It&#39;s hard to imagine just how big and bureaucratic the US government is. The agencies that collect and distribute economic data have infinitely more employees than you or I would ever hire if charged with the task of collecting the same data. Only a small and noble percentage of government employees truly care about the far-reaching implications...(read more)Forward this article via email:&nbsp;&nbsp;Send a copy of this story to someone you know that may want to read it.');
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document.write('<li class="rss-item"><a class="rss-item" href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/900036.aspx" target="_self">MBS RECAP: Bonds Lose Ground on Shutdown Deal Hopes and Inflation Data</a><br />');
document.write('Posted To: MBS CommentaryAt first glance, this morning&#39;s weakness was all about the Consumer Price Index (CPI)--the most widely-followed inflation report. In order to make a case for CPI causing the weakness, we&#39;d have to assert that a core year-over-year reading of 2.2% versus a forecast of 2.1% was significant, even as monthly headline inflation missed its forecast by the same amount. Whether or not you&#39;re following me here, I&#39;ll just put it simply: it strains credulity to assign the blame for today&#39;s weakness strictly to the inflation data. It just wasn&#39;t a big enough beat, and this hasn&#39;t been a report that&#39;s merited this sort of reaction in the past several months. Looking for other explanations quickly reveals 2 other suspects at the scene of the crime (the 8:35-8:35am timeframe...(read more)Forward this article via email:&nbsp;&nbsp;Send a copy of this story to someone you know that may want to read it.');
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document.write('<li class="rss-item"><a class="rss-item" href="http://www.mortgagenewsdaily.com/consumer_rates/900015.aspx" target="_self">Highest Mortgage Rates in a Week After Today\'s Move</a><br />');
document.write('Posted To: Mortgage Rate WatchMortgage rates hadn\'t changed much over the past few business days, even though they arguably should have moved a bit higher yesterday. That made today\'s adjustment slightly more abrupt. Why was there an adjustment? Mortgage rates are based primarily on the trading levels in the bond market. In turn, the bond market takes cues from a multitude of factors big and small. Among the biggest considerations for bonds are the various regularly scheduled economic reports. Among those reports, inflation data is traditionally very important to bonds. And finally, among inflation data, today\'s Consumer Price Index is probably the most widely followed. Inflation didn\'t jump in any major way, but the important \"core\" reading (which factors out food and energy) was slightly higher than expected on an annual...(read more)Forward this article via email:&nbsp;&nbsp;Send a copy of this story to someone you know that may want to read it.');
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document.write('<li class="rss-item"><a class="rss-item" href="http://www.mortgagenewsdaily.com/02132019_homebuying.asp" target="_self">NAHB Takes a Detailed Look at First-Time and Trade-up Buyers</a><br />');
document.write('Posted To: MND NewsWireA total of 8.8 million households bought homes in the two years preceding the most recent American Housing Survey (AHS). The survey, sponsored by the Department of Housing and Urban Development, is conducted by the Census Bureau every two years. The AHS is a nationally representative survey of residential structures in the US and of the households that occupy them. Results of the 2017 survey were released last year and the National Association of Home Builders (NAHB) has taken a detailed look at the findings, publishing several blog entries. Carmel Ford of NAHB\'s Economics and Housing Policy Group has now published a paper on the characteristics of those recent buyers and their transaction. The 8.8 million homebuyers are the highest tallied by any AHS since the Great Recession. There were 11...(read more)Forward this article via email:&nbsp;&nbsp;Send a copy of this story to someone you know that may want to read it.');
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document.write('<li class="rss-item"><a class="rss-item" href="http://www.mortgagenewsdaily.com/channels/pipelinepress/02132019-converting-malls-to-housing.aspx" target="_self">Marketing Products; Lender Legal News; OB\'s Index, Flood Insurance, Ditech\'s Ch. 11</a><br />');
document.write('Posted To: Pipeline PressAmazon accounts for nearly 50% of the ecommerce activity in the United States. With that kind of delivery service, it isn&rsquo;t hard to see why malls are suffering. Which is why, all across the nation, malls are being re-developed, re-purposed, whatever you want to call it, into mixed-use and housing projects. Projects in Phoenix , Cincinnati , and St. Petersburg are all moving forward. I hope that lenders offer products that are tailored to this type of condo and mixed-use housing. Lender Products and Services Nations Direct Mortgage is excited to introduce its new dedicated Non-QM Help team! &ldquo;With the Non-QM market expected to explode to over $35B in 2019, we will provide expert resources to our broker partners so they can grow their Non-QM business&rdquo; stated Martin Warren, Director...(read more)Forward this article via email:&nbsp;&nbsp;Send a copy of this story to someone you know that may want to read it.');
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document.write('<li class="rss-item"><a class="rss-item" href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/899878.aspx" target="_self">MBS Day Ahead: How Inflation Matters in The Bigger Picture</a><br />');
document.write('Posted To: MBS CommentaryThis morning brings the week&#39;s first major economic report in the form of the Consumer Price Index (CPI)--one of the biggest inflation reports. Inflation has been an on-again, off-again market mover for the bond market over the past 10 years for a few reasons. That&#39;s an assertion that makes old school market watchers cringe because a big part of their worldview is informed by the inflation drama of the late 70&#39;s and early 80&#39;s. In fact, it&#39;s only really been in the past 20 years that inflation has been relatively well-behaved (i.e. holding fairly close to the Fed&#39;s 2% target). The runaway inflation seen in the 70&#39;s was such a big deal for markets that any traders who remember it (and some who simply studied it) have a hard time letting go of fear that it could return...(read more)Forward this article via email:&nbsp;&nbsp;Send a copy of this story to someone you know that may want to read it.');
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document.write('<li class="rss-item"><a class="rss-item" href="http://www.mortgagenewsdaily.com/02132019_application_volume.asp" target="_self">Global Concerns Slow Mortgage Apps, Even With Lower Rates</a><br />');
document.write('Posted To: MND NewsWireMortgage applications have now fallen in six of the last eight weeks. The Mortgage Bankers Association (MBA) said its seasonally adjusted Market Composite Index, a measure of application volume, fell lost another 3.7 percent on a seasonally adjusted basis during the week ended February 8. On an unadjusted basis the composite was down 4.0 percent. The Refinance Index decreased 0.1 percent from the previous week although the refinancing share of applications submitted rose to 43.2 percent. During the week ended February 1 refinancing had a 41.6 percent share. Both the seasonally adjusted and the unadjusted Purchase Indices were down 6.0 percent from the prior week and the unadjusted version came in 5.0 percent below its level during the same week in 2018. Applications for both FHA and VA loans...(read more)Forward this article via email:&nbsp;&nbsp;Send a copy of this story to someone you know that may want to read it.');
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document.write('<li class="rss-item"><a class="rss-item" href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/899764.aspx" target="_self">MBS RECAP: Shutdown Deal Hurts Bonds, But Mostly Helped Stocks</a><br />');
document.write('Posted To: MBS CommentaryIt&#39;s hard to say exactly where stocks and bonds would be today absent the news from yesterday night regarding a possible shutdown deal. Both sides of the market were already in the process of bouncing as of last Friday--with yesterday&#39;s closing levels acting to extend that move. The shutdown news didn&#39;t hut until after the close. It definitely had an impact, but it&#39;s impossible to say that trading levels would be very different without it. In fact, bonds lost ground at a slower pace today compared to yesterday, so at the very least, we can conclude that bonds aren&#39;t hung up about it. The last remaining unknown with respect to this shutdown saga is what, if any, reaction we&#39;ll see when the deal is finalized. There too, it&#39;s safe to say it&#39;s not going to be a defining...(read more)Forward this article via email:&nbsp;&nbsp;Send a copy of this story to someone you know that may want to read it.');
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document.write('<li class="rss-item"><a class="rss-item" href="http://www.mortgagenewsdaily.com/consumer_rates/899754.aspx" target="_self">How The Shutdown Is Affecting Mortgage Rates</a><br />');
document.write('Posted To: Mortgage Rate WatchMortgage rates were roughly unchanged yet again today, although the average lender was charging microscopically higher fees compared to yesterday. The key ingredient in today\'s market movement (which ultimately translates to mortgage rate movement) was the promise of a deal to avert another government shutdown at the end of the week. Late in the day yesterday, congressional leaders on both sides of the aisle signaled a potential deal was in the works. The fact that Trump didn\'t immediately dismiss the deal was taken as evidence of its viability. This resulted in bond markets losing ground today, which normally coincides with higher rates. It was also the inspiration for a good amount of today\'s improvement in stocks. The reason for that movement is fairly logical . The shutdown (or the threat...(read more)Forward this article via email:&nbsp;&nbsp;Send a copy of this story to someone you know that may want to read it.');
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document.write('<li class="rss-item"><a class="rss-item" href="http://www.mortgagenewsdaily.com/02122019_nar_metro_sales_report.asp" target="_self">NAR: Home Price Gains at a \"Healthier\" Pace</a><br />');
document.write('Posted To: MND NewsWireAn asset bubble can burst, or it can develop a slow leak, and float more or less gradually back to normal levels. The National Association of Realtors\'&reg; (NAR\'s) quarterly report on existing homes and metro home sales seems to indicate that the housing market, where skyrocketing prices were a concern not that long ago, is following the latter pattern. Not only are sales slowing, but inventories are growing, and appreciation appears to be gradually decelerating. The NAR said the median price of a single-family home sold in the fourth quarter of 2018 was $257,600, a 4.0 percent increase from the median of $247,800 a year earlier. The year-over-year gain in the fourth quarter of 2017 was 5.3 percent. Home prices increased on an annual basis in 163 of the 178 metropolitan statistical areas ...(read more)Forward this article via email:&nbsp;&nbsp;Send a copy of this story to someone you know that may want to read it.');
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document.write('<li class="rss-item"><a class="rss-item" href="http://www.mortgagenewsdaily.com/02122019_corelogic_delinquency_report.asp" target="_self">Delinquencies and Foreclosures at 10-Year Lows</a><br />');
document.write('Posted To: MND NewsWireAccording to CoreLogic, loan performance continues to improve on a national basis, with delinquencies dropping more than 1 percentage point over the 12 months ended in November 2018. Frank Nothaft, CoreLogic\'s Chief Economist, said the decline was driven by solid income growth, a record amount of home equity and an absence of high-risk loan products. \"This put the U.S. homeowner on solid ground. All of this has helped push delinquency and foreclosure rates to the lowest levels in almost two decades, and will provide a cushion if the housing market should turn down ,\" he said. In November 2018 4.1 percent of outstanding mortgages nationwide were 30 or more days past due, including those in foreclosure. The previous November the percentage was 5.2 percent. Rates of longer-term delinquencies also...(read more)Forward this article via email:&nbsp;&nbsp;Send a copy of this story to someone you know that may want to read it.');
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document.write('<li class="rss-item"><a class="rss-item" href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/899626.aspx" target="_self">MBS Day Ahead: Bonds Gearing Up For a Big Move</a><br />');
document.write('Posted To: MBS CommentaryIn the shorter-term, there&#39;s nothing too interesting about the past few weeks of trading. Relative to the highs and lows set in the first 3 weeks of the year, the subsequent range has been well-contained. Over the past 2 weeks, it&#39;s been getting narrower and narrower. This is what we&#39;d typically expect to see from a consolidation following a sustained move in either direction. Like most any well-established security with deep liquidity and volume (i.e. not penny stocks or commodities), bonds need time to cool off before heating up again. Unfortunately , there are always 2 potential reasons for the cooling off. They either need to catch their breath before continuing in the same direction or they are cooling off because traders are becoming less committed to pushing the move any...(read more)Forward this article via email:&nbsp;&nbsp;Send a copy of this story to someone you know that may want to read it.');
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document.write('<li class="rss-item"><a class="rss-item" href="http://www.mortgagenewsdaily.com/channels/pipelinepress/02122019-training-for-los.aspx" target="_self">Broker Products; Upcoming Mortgage Events; Conforming/Conventional Changes</a><br />');
document.write('Posted To: Pipeline PressFrom Twitter: &ldquo;When self-driving cars become mainstream, dead old people will occasionally just arrive places.&rdquo; Morbid humor aside, will it really help traffic when cars are programmed to take laps around city blocks rather than look, and pay, for parking? Speaking of city blocks, how&rsquo;s your jumbo product? If you&rsquo;re an independent/non-depository mortgage bank, the odds are your jumbo pricing doesn&rsquo;t stack up too well against the bank pricing that are out there. Those darned portfolio products! What about the really big home loans, say, $10-20 million? There are only 230 of them out there, mostly funded in the last six years, mostly refinances, and mostly ARMs . Closing one would sure make your day, huh? Lender Products and Services Galton Funding specializes in...(read more)Forward this article via email:&nbsp;&nbsp;Send a copy of this story to someone you know that may want to read it.');
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document.write('<li class="rss-item"><a class="rss-item" href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/899483.aspx" target="_self">MBS RECAP: Potential Warning About The Range</a><br />');
document.write('Posted To: MBS CommentaryI have to stretch to make a day like today interesting. As I&#39;m fond of doing, I could easily label this one of those unofficial 3-day weekend type of Mondays. That description still works as 10yr yields were only 2bps higher and Fannie 4.0 MBS lost less than an eighth of a point. There were no significant economic reports, no major news stories, and no relevant market-moving developments. Still, if we really want to, we can glean a very small warning from the trading activity. Simply put, we&#39;ve been tracking a consolidating range of lower highs and higher lows in bond markets. In terms of 10yr Treasury candlesticks, it would look something like the yellow lines below. As the chart suggests, today brought us a modest bounce just as Friday&#39;s gains threatened to break below the lower...(read more)Forward this article via email:&nbsp;&nbsp;Send a copy of this story to someone you know that may want to read it.');
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document.write('<li class="rss-item"><a class="rss-item" href="http://www.mortgagenewsdaily.com/consumer_rates/899477.aspx" target="_self">Low Rates Unfazed by a Bit of Market Weakness</a><br />');
document.write('Posted To: Mortgage Rate WatchMortgage rates held their ground fairly well today, despite the fact that underlying bond markets were weaker. Bond market weakness is associated with higher interest rates, all other things being equal. To understand this, consider that a bond is essentially a loan. An investor who buys a bond is buying the right to collect interest payments on a loan. That investor is effectively \"the lender.\" Ideally, those investors would compete with one another for the right to collect interest on loans. If bonds are \"weaker,\" it means those investors don\'t see as much value in buying those loans. The price they pay to obtain the loan goes down (aka \"weakness\"). In turn, the loan\'s rate of return needs to be bumped up in order to attract investors. And \"bumping up the rate of return on a loan\" is tantamount...(read more)Forward this article via email:&nbsp;&nbsp;Send a copy of this story to someone you know that may want to read it.');
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