Matthew Graham - Mortgage News Daily


Last quote by Matthew Graham

While that sort of losing streak sounds fairly unpleasant, the size of the movement has been far from
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May 10 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Matthew Graham is associated, including Fed and December. Most recently, Matthew Graham has been quoted saying: “In general, investors have piled back into riskier assets like stocks because the French election reduces long-term risks to the European Union. The prospects for tax reform have a similar effect in that they encourage investors to favor riskier assets at the expense of bonds. When demand for bonds decreases relative to supply, rates move higher.” in the article Lowest mortgage rates since election push refinances up 7%. An other article where Matthew Graham has been quoted is Mortgage applications rise 1.5 percent, as interest rates fall to 2017 low.
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Matthew Graham quotes

In the current case, markets have done much more to prepare for European tapering, but the announcement could nonetheless cause volatility for

This could be viewed as the first evidence that rates are topping out in the recent range and thus [one could] consider waiting for more potential improvement. Waiting is risky, of

Banks adjust jumbo rates more slowly, because they're not directly tied to actively traded

The situation on the ground is panicked. Damage control. People were trying to lock loans quickly last week and are now facing a tough choice to lock today or hope for a bounce. Many hoped for a bounce last week heading into the long weekend and we obviously didn't get

Sometimes a simple momentum analogy is that of swimming. It's easier to swim with the current versus against

Even I was surprised to see how quickly lenders pulled back today. Different lenders have moved by different amounts, but on average, the 2 day total is 0.25 percent!feedback

The average lender is quoting conventional 30-year-fixed rates of 3.625 percent on top tier scenarios, though several remain at 3.5

But that would be a premature conclusion until we see how markets react to Thursday's announcement from the European Central Bank. Bottom line, the past few days have been helpful, but everything could still

Floating is risky here. Even though today's rates are closer to the highest levels of the past two months, they're still historically close to all-time

We were left to wonder if this was the first step in a move up and out of the recent sideways

This gives investors a chance to examine the Fed's discussion leading up to the late July policy announcement in greater detail. At the moment, everyone is looking for clues about the Fed's thoughts on hiking rates at the September or December meeting. If the minutes make it seem like September is more likely, rates could easily continue

With 10yr yields ending the day near 1.55 percent, rates are essentially threatening to move higher. The next three days bring a series of important economic reports that could act as motivation for such a move, if they turn out to be stronger than

Everyone with a potential loan in process wants to know if rates will drop further or if they should lock to avoid the risk of rates snapping

That could change though. One of the reasons rates haven't been more volatile is the fact that the Brexit vote is seen as being fairly even. As soon as a clear victor emerges, rates could move swiftly. A 'remain' vote could cause a much quicker move higher in rates on Friday

If we'd lost ground, it would have confirmed a negative signal about momentum in the short to medium term. Now we have a fighting chance to see if momentum can build in a friendlier

I'm getting a lot of reports from lenders about their clients who missed opportunities to lock in mid to late February, and who finally saw rates move low enough to pull the trigger. The current week is still up in the air, but rates had been holding their ground through Tuesday, despite some ominous weakness in underlying bond

Someone might see the average closing time go from 46 to 49 days and assume that's not significant, but when you look at the amount of homes that close in a three-day time span on average (not to mention some additional unmeasured delays occurring before the loan application is taken), we can almost fully account for the massive drop in existing home sales in

Bond markets continue defying the odds so far in

Given the Fed rate hike and strong ADP data yesterday – among other reasonably decent economic anecdotes – we would be more justified in expecting bonds to be under pressure at the start of the

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