Thu, Jun 11 2020, 4:53 PM
Bonds Back in Business; More New All-Time Low Rates
What a difference a week makes! Last week, the order of...
Thu, Jun 11 2020, 11:56 AM
Home equity reports have not been particularly interesting over the last few years. Home prices kept rising, owners kept whittling down their loan-to-...
Thu, Jun 11 2020, 9:08 AM
Despite the early stages of quarantine and captivity seeming to drag, the year is rushing along. They always do. The Chairman of the Federal Reserve t...
Thu, Jun 11 2020, 8:43 AM
We'll have to be careful about thinking or saying that bonds have "confirmed" any sort of shift when it comes to established ranges or trends. The la...
Wed, Jun 10 2020, 5:07 PM
Mortgage rates dropped quickly today. This wasn't necessarily destined to be the case this morning, but after the Fed released its most recent policy ...
Wed, Jun 10 2020, 3:42 PM
Fed Delivers. Bonds Surge
As far as the Fed is concerned, bonds don't have to stress out about rates rising ...
Wed, Jun 10 2020, 2:03 PM
The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum ...
Wed, Jun 10 2020, 10:10 AM
Lenders, responding to increasing unemployment rates and other risks, tightened lending standards in May, sending the Mortgage Bankers Association's (...
Wed, Jun 10 2020, 10:09 AM
The Mortgage Bankers Association (MBA) says that mortgage application volume rose significantly during the week ended June 5 as many states began to l...
Wed, Jun 10 2020, 9:09 AM
The word "roll" has a few meanings around here. For those who participate in MBS markets at a higher level, "dollar rolls" are actual tradeable posit...
Wed, Jun 10 2020, 8:51 AM
Not only are origination staff asking for refreshed marketing efforts as volumes show a tinge of falling off, but how about this note that I received ...
Tue, Jun 9 2020, 5:53 PM
Mortgage rates moved lower again today, with the average lender erasing a good amount of the weakness seen last week. That's good news considering rat...
Tue, Jun 9 2020, 4:42 PM
Bond Rally or a Token Bounce After Last Week's Rout?
Last week saw rates rise at the fastest pace in months ...
Tue, Jun 9 2020, 11:47 AM
After falling an aggregate of 29.5 points in March and April, Fannie Mae says its Home Purchase Sentiment Index (HPSI) has begun to recover. The Index...
Tue, Jun 9 2020, 9:38 AM
The strength of the housing industry at the end of 2019 and beginning of 2020 served, to a certain extent, as a buffer as the COVID-19 pandemic began ...
Tue, Jun 9 2020, 8:43 AM
Last week saw rates rise at the fastest pace in months in an apparent lift-off from an extended stint near all-time lows. Now the current week looks v...
Tue, Jun 9 2020, 8:35 AM
Big picture, in case you haven’t been paying attention, the National Bureau of Economic Research confirmed that the U.S. economy has slowed: The econo...
Mon, Jun 8 2020, 5:02 PM
After moving higher at a fairly quick pace last by last Friday, mortgage rates are off to a better start this week. Rates remain noticeably higher ver...
Mon, Jun 8 2020, 3:34 PM
Surprisingly Strong Day Made Possible By Last Week's Rout
After last week's rout at the hands of stronger ec...
Mon, Jun 8 2020, 9:47 AM
Who doesn’t like being kept informed at absolutely no cost? There is no reason for anyone not to join the Mortgage Action Alliance as the Mortgage Ban...
Mon, Jun 8 2020, 9:41 AM
Black Knight says that only three months after the national delinquency rate hit a record low, falling 1.5 percentage point below its pre-Great Recess...
Mon, Jun 8 2020, 8:53 AM
Bonds are coming off their roughest week in months with yields rising at their quickest pace since the mega-volatility seen during the panicked sell...
Fri, Jun 5 2020, 4:04 PM
That Escalated Quickly, But MBS Recovered Fairly Nicely
After weeks and weeks (6, to be specific) of extraor...
Fri, Jun 5 2020, 2:47 PM
A joint release from the Consumer Financial Protection Bureau (CFPB) and the Conference of State Bank Supervisors cautions mortgage servicers about th...
Fri, Jun 5 2020, 12:25 PM
Things are quickly getting interesting for mortgage rates , and by 'interesting,' I mean potentially alarming. Everything's relative though, so it sho...
Fri, Jun 5 2020, 11:28 AM
The number of mortgages in forbearance plans declined this past week for the first time since the CARES Act to address the COVID-19 pandemic was enact...
Fri, Jun 5 2020, 9:01 AM
Change is certainly constant. “And just like that, every reporter has gone from infectious disease expert to civil rights attorney.” In our biz, if yo...
Fri, Jun 5 2020, 8:18 AM
After weeks and weeks (6, to be specific) of extraordinarily calm and narrow trading ranges in ultra-low-yield territory, the bond market has suddenly...
Thu, Jun 4 2020, 4:17 PM
Mortgage rates are directly tied to the bond market. This isn't too much of a surprise considering pretty much anything with an interest rate can be t...
Thu, Jun 4 2020, 4:15 PM
Big Risks Ahead For Rates and Some Solid Opporunities Right Now
Treasury yields broke one important ceiling ...
Thu, Jun 4 2020, 2:24 PM
The Urban Institute says that homes categorized as low priced, that is in the bottom 20 percent of the distribution, appreciated 126 percent between t...
Thu, Jun 4 2020, 9:03 AM
Yesterday afternoon my cat Myrtle was watching me mop the kitchen floor. (Hey, it’s not going to mop itself, right? And it is mildly amusing to use ce...
Thu, Jun 4 2020, 8:50 AM
Yesterday's econ data caused a stir in the bond market, forcing yields to break above a key ceiling at .74%. Can they make it back below that ceiling...
Wed, Jun 3 2020, 3:54 PM
Econ Data Causing Bonds to Reconsider Commitment to Super Low Yields
Bonds haven't been interested in econ d...
Wed, Jun 3 2020, 3:52 PM
Mortgage rates were decisively higher today as the bond market lost ground due to surprisingly strong economic data. Mortgage rate movement is mainly ...
Wed, Jun 3 2020, 10:03 AM
Refinancing volume continued to slide but purchase mortgage activity partially compensated during the holiday shortened week that ended May 29. The Mo...
Wed, Jun 3 2020, 9:23 AM
It's the first Wednesday of the month and thus time for ADP Employment data. The stated intention of this report is to predict the final revision of ...
Wed, Jun 3 2020, 9:10 AM
From the Bay Area Marcus L. writes, “I miss the days when Tiger King was the most controversial thing going on.” Everything is a controversy these day...
Tue, Jun 2 2020, 3:50 PM
Mortgage rates were mixed today with some lenders improving and others moving higher. This isn't so much a factor of anything that happened today as m...
Tue, Jun 2 2020, 3:11 PM
Here's The Only Reason Mortgage Rates Have Moved Lower Recently
"Because they were so much higher than they...
Tue, Jun 2 2020, 11:12 AM
CoreLogic's report on April home prices, the first for that month, says that despite fears that home prices would "bottom out like they did in the Gre...
Tue, Jun 2 2020, 9:20 AM
Today is the lightest of the week in terms of scheduled market movers on the econ calendar (there really aren't any to speak of unless you count the N...
Tue, Jun 2 2020, 8:34 AM
Curfews and civil unrest have replaced COVID in the news. Meanwhile, investors are watching record low debt issuance yields from companies like Amazon...
Tue, Jun 2 2020, 8:21 AM
Overall spending on construction fell in April, down 2.9 percent to a seasonally adjusted annual rate of $1.346 trillion from 1.387 trillion. This sti...
Mon, Jun 1 2020, 4:43 PM
Mortgage rates pulled off a repeat performance of last Friday's intraday drama. The average lender began the day in higher territory as bond markets w...
Mon, Jun 1 2020, 2:57 PM
There's no way to predict the future for rates and markets, but there are occasionally tactical opportunities.
Mon, Jun 1 2020, 12:15 PM
As was reported last week, new home sales in April were much, much better than expected. There may or may not be a cause and effect going on here, but...
Mon, Jun 1 2020, 11:26 AM
The Urban Institute (UI) releases a regular report, Housing Finance at a Glance , a "chartbook" loaded with charts and commentary on mortgage activity...
Mon, Jun 1 2020, 8:56 AM
I was speaking to a successful long-time real estate agent this weekend who is as busy as she’s ever been. Couples are weary of working from home in a...
Mon, Jun 1 2020, 8:47 AM
A resilient performance at the end of last week means that bonds have easily staked a claim to a sideways range that's been intact for more than 2 mon...
