MortgageNewsDaily

MortgageNewsDaily is a news source focused on providing financial news and analysis for the mortgage industry. The site covers a range of topics related to mortgages, including interest rates, economic data, and housing market trends. The site may have a slight bias towards providing information that is beneficial to the mortgage industry, but aims to provide accurate and timely reporting. There are instances where the reporting may be misleading or inaccurate, and potential conflicts of interest related to advertising and sponsorships on the site.

76%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

The Daily's Verdict

This news site has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on its reporting.

Bias

80%

Examples:

  • There is a focus on highlighting economic data and its impact on interest rates, which may be seen as emphasizing the importance of certain factors over others.
  • The site appears to have a slight bias towards providing financial news and analysis for the mortgage industry.

Conflicts of Interest

70%

Examples:

  • There are potential conflicts of interest related to the advertising and sponsorships on the site.
  • The site may have a conflict of interest in that it is a news source for the mortgage industry, which may influence its reporting.

Contradictions

85%

Examples:

  • There are instances where the reported data conflicts with previous reports or expectations.
  • The site provides multiple examples of contradictory information regarding mortgage rates and economic data.

Deceptions

75%

Examples:

  • There are instances where the reporting may be misleading or inaccurate.
  • The site may use deceptive practices such as misleading headlines or selective reporting to present a certain narrative.

Recent Articles

  • FOMC Meeting and CPI Report in June: Crucial Decisions Ahead for Interest Rates and Mortgage Markets

    FOMC Meeting and CPI Report in June: Crucial Decisions Ahead for Interest Rates and Mortgage Markets

    Broke On: Monday, 03 June 2024 The upcoming FOMC meeting and CPI report on June 12 will determine interest rate decisions and their impact on mortgage rates, with the Federal Reserve having increased its benchmark federal funds rate eleven times since late 2022. The housing market faces challenges due to high mortgage rates and rising home prices, with the median monthly payment at $2,256 - a 7% increase from last year.
  • Treasury Yields Rise Following Weak Demand for Five-Year Note Auction and Anticipation of Inflation Data

    Treasury Yields Rise Following Weak Demand for Five-Year Note Auction and Anticipation of Inflation Data

    Broke On: Tuesday, 28 May 2024 Treasury yields rose on Tuesday despite weak demand for a $70 billion five-year note auction and ahead of inflation data, with the 10-year yield climbing to 4.542% and the two-year yield dipping to 4.974%. Yields and prices move in opposite directions, with one basis point equaling 0.01%. The increase followed recent weak auction results and as investors awaited economic data and inflation levels, while closely monitoring Fed comments on future policy decisions.
  • Mortgage Rates Surge to Highest Level of the Year: What It Means for Homebuyers

    Mortgage Rates Surge to Highest Level of the Year: What It Means for Homebuyers

    Broke On: Monday, 01 April 2024 Mortgage rates have surged to their highest level of the year, averaging 7.5% for the popular 30-year fixed mortgage. This upward trend, driven by inflation concerns and Fed Chair Jerome Powell's comments, has led to a rise in sales data reflecting the impact on homebuyers. Despite this, mortgage applications have only slightly increased compared to last year, with experts urging potential buyers to act quickly due to strong economic data keeping rates elevated. Additionally, rising material costs are causing builders to increase prices and further impact affordability.
  • Rising Mortgage Rates: What You Need to Know

    Rising Mortgage Rates: What You Need to Know

    Broke On: Thursday, 15 February 2024 Mortgage rates have increased to 6.77% for the second week, driven by high inflation and strong employment data.