More New 2017 Lows For Mortgage Rates; QE's Effect on Risk-Taking and Lending Standards

Mortgage rates were slightly lower today, despite moderate weakness in underlying bond markets. This would typically coincide with higher rates, but mortgage lenders haven't been moving in lock-step with markets amid this week's higher volatility. The first dose of volatility came early, with weekend headlines concerning North Korea resulting in a nice move lower to start the week. Rates bounced on Wednesday on news of a bipartisan agreement to provide disaster relief and to temporarily raise the debt ceiling. The latter had been causing general economic concern--something that tends to benefit rates. Thursday brought the European Central Bank announcement which was beneficial for global bond markets because the ECB isn't in a rush to pull the plug on its accommodative efforts (translation

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http://www.mortgagenewsdaily.com/reports/newsletter/2017/9/8/2979

More Homeowners Saying "Good Time to Sell"; Rates Little-Changed at 2017 Lows; Assistance For Hurricane Victims

Mortgage rates didn't move much today, despite plenty of strength in underlying bond markets. This would normally coincide with lower rates, so what's the deal? The main issue is timing. Bond markets weakened yesterday afternoon. This would imply higher rates, but most lenders never went to the trouble of adjusting rate sheets intraday. As I said yesterday, those lenders would begin today at a disadvantage. Indeed they did, and that disadvantage was generally erased by the improvement in bond markets. Thus, lenders who didn't move rates higher yesterday were able to keep today's rates relatively unchanged, thanks to bond market gains. Lenders who DID raise rates yesterday were able to offer slightly lower rates today. All in all, the average lender is quoting the lowest rates of 2017, with

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http://www.mortgagenewsdaily.com/reports/newsletter/2017/9/7/2977

Easier Credit Thanks to Non-Bank Lenders; Refi Volume Picks Up; Rates Bounce With Debt Ceiling News

Mortgage originations by nonbanks have not only surged past those coming from regulated banks, but according to the Urban Institute (UI), they are helping to widen the credit box for agency and government loans . Where in 2013 banks originated 70 percent of new mortgages , this year nonbanks originated 60 percent . In an article in UI's Urban Wire blog, three analysts say that, while banks have been the traditional lender for most homebuyers, "the market turbulence of the past decade has spurred a significant restructuring of the mortgage finance industry, thrusting nonbanks-institutions that provide some banking services but are not regulated banks-into a dominant position as mortgage originators." UI's analysts, Karan Kaul, Bing Bai, and Linda Goodman, indicate in their article that the shift

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http://www.mortgagenewsdaily.com/reports/newsletter/2017/9/6/2975

Rates Back in Line With 2017 Lows; 12 States Peak; 1 in 3 Metros "Overvalued"

Mortgage rates moved lower today on a combination of factors. Chief among these were headlines over the weekend concerning more North Korean weapons testing--specifically, a detonation of its largest bomb ever on Sunday followed by reports from South Korea of another ballistic missile test by the end of the week. The threat of global nuclear conflict pushes rates lower because the bond markets that underlie rates can benefit from fear and panic. Investors seeking safe havens often move money into bonds, where higher demand equates to lower rates. US Treasuries are more readily able to benefit from this sort of "flight-to-safety" trading than mortgage-backed-securities (or "MBS"), which have the most direct influence on mortgage rates. Indeed most mortgages are being quoted at the same rates

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http://www.mortgagenewsdaily.com/reports/newsletter/2017/9/5/2973

Your First Second Home - Show 448

Real Estate Today Radio - SHOW 448

On this week's Real Estate Today, it's our special show "Your First Second Home."

This Week's Show Includes:
- Top News Of The Week
- Second Home First?
- After You Buy With Friends
- Ask The Millennial
- Smart Home Technology
- Get REALTOR(R)

Become a part of the community at http://retradio.com!

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http://retradio.com

More New 2017 Lows For Mortgage Rates; QE's Effect on Risk-Taking and Lending Standards

Mortgage rates were slightly lower today, despite moderate weakness in underlying bond markets. This would typically coincide with higher rates, but mortgage lenders haven't been moving in lock-step with markets amid this week's higher volatility. The first dose of volatility came early, with weekend headlines concerning North Korea resulting in a nice move lower to start the week. Rates bounced on Wednesday on news of a bipartisan agreement to provide disaster relief and to temporarily raise the debt ceiling. The latter had been causing general economic concern--something that tends to benefit rates. Thursday brought the European Central Bank announcement which was beneficial for global bond markets because the ECB isn't in a rush to pull the plug on its accommodative efforts (translation

from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/9/8/2979

Cincinnati steakhouse coming to downtown office tower

The eatery is set to take 10,000 square feet in the city's oldest skyscraper and would join the crowded field of steakhouses in downtown Indianapolis.

from
https://www.ibj.com/blogs/3-property-lines/post/65327-cincinnati-steakhouse-coming-to-downtown-office-tower