Home Loan – Page 15 – gopadron.com

10 Oct, 2025

Jonathan Padron Home Loan

MBS Underperform Post-Auction: What Florida Homebuyers Need to Know

Uneventful Day; MBS Underperform

It’s not uncommon to see MBS outperform their Treasury benchmarks in the run up to a round of weekly Treasury auctions only to underperform when the auction cycle wraps up. That underperformance (or rather, Treasury outperformance) was on full display today with MBS losing about a quarter point while 5yr notes lost about half as much. While bonds are slightly closer to the weaker end of the recent range, they’re still very much inside it.

Market Movement Recap

09:25 AM Moderately weaker so far with 5.0 coupons down 6 ticks (.19) and 10yr yields up 2.6bps at 4.143

11:45 AM flat since last update. MBS down 6 ticks (.19) and 10yr up 1.9bps at 4.136

01:04 PM Slightly weaker bond auction = slightly weaker response. MBS down 7 ticks (.22) and 10yr up 2.9bps at 4.146

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10 Oct, 2025

Jonathan Padron Home Loan

MBS Underperform Post-Auction: What Florida Homebuyers Need to Know

Uneventful Day; MBS Underperform

Market Movement Recap

09:25 AM Moderately weaker so far with 5.0 coupons down 6 ticks (.19) and 10yr yields up 2.6bps at 4.143

11:45 AM flat since last update. MBS down 6 ticks (.19) and 10yr up 1.9bps at 4.136

01:04 PM Slightly weaker bond auction = slightly weaker response. MBS down 7 ticks (.22) and 10yr up 2.9bps at 4.146

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10 Oct, 2025

Jonathan Padron Home Loan

MBS Underperform Post-Auction: What Florida Homebuyers Need to Know

Uneventful Day; MBS Underperform

Market Movement Recap

09:25 AM Moderately weaker so far with 5.0 coupons down 6 ticks (.19) and 10yr yields up 2.6bps at 4.143

11:45 AM flat since last update. MBS down 6 ticks (.19) and 10yr up 1.9bps at 4.136

01:04 PM Slightly weaker bond auction = slightly weaker response. MBS down 7 ticks (.22) and 10yr up 2.9bps at 4.146

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9 Oct, 2025

Jonathan Padron Home Loan

MBS Underperform Post-Auction: Florida Mortgage Rates Stay Within Range

Uneventful Day; MBS Underperform

Market Movement Recap

09:25 AM Moderately weaker so far with 5.0 coupons down 6 ticks (.19) and 10yr yields up 2.6bps at 4.143

11:45 AM flat since last update. MBS down 6 ticks (.19) and 10yr up 1.9bps at 4.136

01:04 PM Slightly weaker bond auction = slightly weaker response. MBS down 7 ticks (.22) and 10yr up 2.9bps at 4.146

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9 Oct, 2025

Jonathan Padron Home Loan

Florida Mortgage Rates: Little Movement, Still Within a Narrow Range

It’s getting pretty tough to weave an interesting narrative on mortgage rates over the past 3 weeks. During that time, they just haven’t changed that much for the average lender. Today was just another day in that regard. Bonds (which dictate day to day movement in rates) were slightly weaker than yesterday. This implies slightly higher mortgage rates and, indeed, today was no exception. But the important points are as follows:
bond market movement has been relatively small on any given day
winning and losing days have been in relatively equal supply
Bottom line: today’s losses leave the average rate easily inside the narrow prevailing range.

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8 Oct, 2025

Jonathan Padron Home Loan

Florida Real Estate: Sunlight Dwindles, Rates Shift, Halloween Looms.

We’re sailing through autumn. Places like Seattle and Minneapolis are losing 3-5 minutes of sunlight a day. Donald Trump told Congress to end changing clocks, but is seems that most states will still do it (“spring ahead, fall back”) November 2. Time flies, and we’re 23 days away from Halloween. Despite how it’s celebrated by 5-year-olds and their parents, frat houses, or at many malls around the U.S., is thought to come from the festival of Samhain among the Celts of ancient Britain and Ireland. Its history also mentions the eve of the Western Christian feast of All Hallows’ Day, and the beginning of the observance of Allhallowtide, the time in the Christian liturgical year dedicated to remembering the dead, including saints, martyrs, and all the faithful departed. For something more current, today’s Lenders One’s Mortgage Matters features Kyle Draper, real estate leader, coach, and speaker at 2PM ET, and tomorrow’s “The Big Picture” at 3PM ET features Meredith Whitney, “The Oracle of Wall Street,” of the Meredith Whitney Advisory Group will discuss “Stuck in Place” dynamics, CRE stress, and whether policy can help unlock supply. (Today’s podcast can be found here and this week’s are sponsored by Truework, the only all-in-one, automated VOIEA platform that helps mortgage providers achieve up to 50 percent cost savings with an industry leading 75 percent completion rate. Today’s features an interview with Bank of Oklahoma’s Chris Maloney on what’s driving strong performance in the Agency MBS market, the outlook for refinancing and home prices, and how Fed rate cuts are shaping lending conditions and future risks.)

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6 Oct, 2025

Jonathan Padron Home Loan

Florida Real Estate Market: Is Now the Right Time to Buy?

– Florida’s real estate market is currently experiencing a slowdown with rising inventory and cooling demand compared to the pandemic boom.
– Median home prices in many Florida metro areas remain elevated compared to pre-pandemic levels, but price growth has decelerated significantly or even turned negative in some areas.
– Mortgage rates are substantially higher than in recent years, impacting affordability for buyers.
– Inventory levels are increasing, offering buyers more choices and negotiating power. Active listings are up significantly year-over-year in many markets.
– Days on market are increasing, indicating properties are taking longer to sell.
– Sales volume is down compared to the previous year, reflecting reduced buyer activity.
– Population growth in Florida, while still positive, is slowing down compared to previous years.
– Some experts predict a potential price correction in certain Florida markets, while others anticipate a stabilization.
– Factors influencing the market include interest rates, inflation, migration patterns, and economic conditions.

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4 Oct, 2025

Jonathan Padron Home Loan

Florida Real Estate Market: Are Prices Cooling? Your Expert Insights Here.

Florida’s real estate market is showing signs of cooling after a period of rapid growth. Median home prices in some metro areas have seen modest declines year-over-year in recent months, but remain significantly higher than pre-pandemic levels. Inventory is increasing, providing buyers with more options and leverage. Interest rate hikes are impacting affordability and slowing demand. Sales volume is down compared to the previous year, indicating a shift in market dynamics. Some areas are experiencing price reductions as sellers adjust to the changing market. Investor activity may be slowing due to higher borrowing costs and lower potential returns. The luxury market, while still active, is also showing signs of moderation.

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3 Oct, 2025

Jonathan Padron Home Loan

Shutdown Rate Cuts: Florida Real Estate & Mortgage Market Impact

Here in Telluride, CO, after learning of my capital markets background, yesterday someone bluntly asked me, “Can one person slow or stop the United States economy, or the world economy?” I was taken aback by the question, but it isn’t totally off-base: no one is saying a shutdown helps GDP. In eight months, we’ve learned not to underestimate the changes that can be made by the current administration. We had been talking about the government’s shutdown, impacting several areas of residential lending (see below). As previous “on the record” statements made by President Trump circulate and are being used against him about the role of the president in situations like this, there is plenty of blame to go around. But the U.S. government shutdown is strengthening expectations for additional Federal Reserve rate cuts, which is exactly what Trump wanted, with markets fully pricing in an October move and giving an 88 percent chance of another in December. Delays and risks to the labor market from 750,000 furloughs make it more likely Chair Jerome Powell will push for further easing, even as inflation pressures from tariffs remain a concern. Remember when all we fretted about were tariffs? (Today’s podcast can be found here and this week’s are sponsored by Spring EQ, one of the nation’s leading non-bank home equity lenders, giving partners more ways to serve customers. Known for speed, service, and innovation, Spring EQ makes tapping into home equity easier. Hear an interview with new California MBA CEO Paul Gigliotti on his goals while in the role and how state and national organizations can work together for the greater good of the mortgage industry.)

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2 Oct, 2025

Jonathan Padron Home Loan

Government Shutdown, Record Mortgage Numbers: Florida Real Estate Still Strong

We’re two days into the 4th quarter of the 2025, two days into another government shutdown, and… companies are relishing their September numbers. I have been hearing from a few companies that had strong performance in September. For example, Union Home Mortgage has been in the news lately, and the company had a record lock month with over 5,000 units and $1.67 billion over all channels. As we noted here a couple of weeks ago, UHM announced the acquisition of the origination assets of Sierra Pacific, whose lock volume totaled $521 million for the month, so combined that puts UHM with a total of $2.18 billion. (The asset acquisition, led by STRATMOR, became official on October 1st.) Residential lending is always changing, and in The Big Picture, today at noon, PT, Dustin Owen, host of The Loan Officer Podcast, will touch on the potential for Fannie and Freddie re-public offerings, explore how the Trump Administration and FHFA could shift the landscape, and dig into hot-button topics like LO comp, and increasing non-QM production. (Today’s podcast can be found here and this week’s are sponsored by Spring EQ, one of the nation’s leading non-bank home equity lenders, giving partners more ways to serve customers. Known for speed, service, and innovation, Spring EQ makes tapping into home equity easier. Hear an interview with AHMC’s Matthew VanFossen on his new role as Chair of State and Local for MBA, key agenda items, and how people can get involved with advocacy.) Services, Products, Software, and Tools for Lenders and Brokers

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Category: Home Loan

MBS Underperform Post-Auction: What Florida Homebuyers Need to Know

MBS Underperform Post-Auction: What Florida Homebuyers Need to Know

MBS Underperform Post-Auction: What Florida Homebuyers Need to Know

MBS Underperform Post-Auction: Florida Mortgage Rates Stay Within Range

Florida Mortgage Rates: Little Movement, Still Within a Narrow Range

Florida Real Estate: Sunlight Dwindles, Rates Shift, Halloween Looms.

Florida Real Estate Market: Is Now the Right Time to Buy?

Florida Real Estate Market: Are Prices Cooling? Your Expert Insights Here.

Shutdown Rate Cuts: Florida Real Estate & Mortgage Market Impact

Government Shutdown, Record Mortgage Numbers: Florida Real Estate Still Strong

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