FKEJ-4 Inc., dba Your Equity Services
FKEJ-4 Inc., dba Your Equity Services
Are You Pre-Approved?
When to Refinance
The Loan Process
Loan App Checklist
What is a credit score?
How to Price Your Loan
Fixed Vs. Adjustable
NMLS Consumer Access
Mortgage News Daily
Daily Rate Lock Advisory
MBS RECAP: Bonds Rallied on Trump Tweet Before it Ever Came Out
8/16/2017 4:28 PM
Posted To: MBS CommentaryToday looked like it would be all about waiting for the Fed Minutes to see if there were any surprises. That plan began in fairly good shape, with only a mild rally following weaker residential construction data. By mid-day, bonds were staging near their stronger levels from yester...
Mortgage Rates Back to 2017 Lows on Trump Tweet
8/16/2017 4:05 PM
Posted To: Mortgage Rate WatchMortgage rates dropped today after news broke (first rumors, then confirmation via Twitter) that President Trump was disbanding his councils of CEOs. The move apparently came in response to attrition among several CEOs following Trump"s press conference on recent events in Charlott...
Pitiful Housing Supply Slighted Dampened Q2 Home Sales
8/16/2017 9:57 AM
Posted To: MND NewsWireHeadstrong is a rather interesting word, but the National Association of Realtors® (NAR) chose it to describe the continuing imbalance between supply and demand in the housing market. NAR blames this imbalance for slightly tempering home sales as well as pushing continued robust price growth in...
Construction Indicators Slide, Housing Starts Suffer
8/16/2017 8:54 AM
Posted To: MND NewsWireAfter posting unexpectedly high numbers in June, all three residential construction indicators lost ground in July , and one, housing starts, is now running below its year-ago rate. While the softening is primarily in the multi-family sector, starts have declined in four of the last five months and...
MBS Day Ahead: How Much Might Today"s Fed Minutes Matter?
8/16/2017 8:32 AM
Posted To: MBS CommentaryToday's biggest calendar item is the release of the FOMC Minutes at 2pm. The Minutes provide synopsis of the meeting that took place in the 2 days leading up to the official Fed announcement in late July. That announcement was very little changed from the previous announcement,...
More and More eClosings; Credit Score Trends: 850 FICO a Goal?
8/16/2017 7:33 AM
Posted To: Pipeline PressI’ve only been in this business since the mid-80s, and as a capital markets person always find it amusing when an owner says, “If it wasn’t for TBA pair off costs, we would REALLY be making money!” For the antithesis of making money, on this d...
Purchases Drag Down Mortgage Application Volume
8/16/2017 7:17 AM
Posted To: MND NewsWireA decline in applications for home purchases nearly overwhelmed the gain made by refinancing activity during the week ended August 11. The Mortgage Bankers Association reported that its Market Composite Index, a measure of application volume, managed to increase a meager 0.1 percent on a seasonally...
MBS RECAP: Bonds Threaten Momentum Shift
8/15/2017 3:15 PM
Posted To: MBS CommentaryToday was mostly about North Korean de-escalation, and somewhat about stronger economic data. If you haven't heard 43 times already, North Korea graciously decided to hold off on their little plan to nuke Guam (though the little plan of marching up and down the square remains i...
Rates Rising as North Korea Talks Baseball
8/15/2017 2:21 PM
Posted To: Mortgage Rate WatchMortgage rates continued higher today as markets reacted to news that North Korea would tactically abstain from launching nuclear weapons at Guam because it was having such a good time watching the "foolish and stupid conduct of the Yankees." Perhaps Kim Jong Un is a Sox fan? Someo...
Big Landlord Merger Sounds Scary but Probably Isn"t
8/15/2017 12:04 PM
Posted To: MND NewsWireOne of the many shifts endured by the housing industry during the Great Recession was the entry of institutional investors into the single-family housing market. Hedge funds and other Wall Street types bought up thousands of single family residences (SFRs), largely from lender inventories of forecl...