Fri, Aug 16 2019, 7:17 PM
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) moved one point higher this month. However, at 66, NAHB's meas...
Fri, Aug 16 2019, 7:15 PM
New home purchases are expected to be significantly higher in July according to data released by the Mortgage Bankers Association (MBA). Its monthly B...
Fri, Aug 16 2019, 4:54 PM
Perhaps more than any other day in the past few weeks, today stood as an example of the mortgage market's ability to put up a fight when the time is...
Fri, Aug 16 2019, 3:22 PM
Things have been weird enough for mortgage rates recently that we were forced to add a " Temporary Note on Mortgage Rate Inconsistency " to our daily ...
Fri, Aug 16 2019, 11:28 AM
10yr yields rallied aggressively yesterday, and for no reason more compelling than a proverbial "snowball rally compounded by technicals and algorithm...
Fri, Aug 16 2019, 8:27 AM
Some international rates have gone through 0 percent and are now negative. The low rates and high volumes have caused lenders to focus less on long-te...
Thu, Aug 15 2019, 5:35 PM
Bonds digested the week's busiest day of economic data, by far, today. But markets in general are only interested in data that changes the economic n...
Thu, Aug 15 2019, 5:18 PM
Mortgage rates fell today as the underlying market for mortgage-backed-securities (MBS) actually did a better job of keeping pace with broader bond ma...
Thu, Aug 15 2019, 8:51 AM
Plenty of economists watch builder activity and mood swings as early indicators of future economic health. Builder confidence in the single-family 55+...
Thu, Aug 15 2019, 8:37 AM
In the day just passed, bond markets primarily reacted to overseas economic data with many of the reports in Europe coming in flat to weaker. Combine...
Thu, Aug 15 2019, 8:10 AM
The long-waited Federal Housing Administration (FHA) rule regulating condominium lending was finalized Wednesday afternoon. The Department of Housing ...
Wed, Aug 14 2019, 7:00 PM
Living under a rock has a lot of advantages: generally low housing cost, durability, no roof maintenance, and if you're strong enough, you have someth...
Wed, Aug 14 2019, 6:31 PM
Mortgage rates were unchanged for many lenders today which is utterly and completely shocking given the other market developments that tend to coincid...
Wed, Aug 14 2019, 10:50 AM
In the day just passed, bonds sold off by a completely average amount in the context of recent volatility and new trading range. Motivations were abo...
Wed, Aug 14 2019, 8:58 AM
Data compiled by the American Bar Association shows that average lawyer pay has nearly doubled since 1997! Mortgage loan originators enjoy comparing t...
Wed, Aug 14 2019, 8:09 AM
The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage application volume, rose 21.7 percent on a seasonally ad...
Tue, Aug 13 2019, 6:07 PM
Bonds began the day in relatively unchanged territory versus yesterday's close and soon encountered the slightly stronger CPI data (2.2 vs 2.1% for CO...
Tue, Aug 13 2019, 5:13 PM
Mortgage rates were still unchanged for many lenders as of this morning. There were even a few offering slightly lower rates compared to yesterday mor...
Tue, Aug 13 2019, 11:32 AM
Both the Mortgage Bankers Association (MBA) and CoreLogic issued data on recent loan performance on Tuesday. For CoreLogic the Monthly Loan Performanc...
Tue, Aug 13 2019, 9:22 AM
As we digest the news that CIT is buying Mutual of Omaha Bank , others are looking at demographics. Families moving create jobs, right? From 2017 to 2...
Tue, Aug 13 2019, 8:35 AM
In the day just passed, bonds put in their second biggest rally day of the past 3 weeks (the crazy ones) and their biggest rally day since yields bott...
Mon, Aug 12 2019, 6:00 PM
There were no significant scheduled events in the offing today. Volumes were down sharply in the bond complex as well (less than 50% of recent highs)...
Mon, Aug 12 2019, 3:24 PM
Mortgage rates were unchanged to slightly higher today--a claim that utterly boggles the mind of anyone who thought they understood the relationship b...
Mon, Aug 12 2019, 3:22 PM
After years of planning, the two government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac launched their uniform mortgage-backed security (U...
Mon, Aug 12 2019, 9:30 AM
In the week just passed, bonds began to settle into a range after the sharp move lower in the previous week (driven by flaring trade tensions). This ...
Mon, Aug 12 2019, 9:19 AM
While the world is watching 0% or-.5% interest rates in Denmark , in this country Zillow is competing with lenders, real estate agents, and mom & pop ...
Fri, Aug 9 2019, 4:53 PM
I wouldn't go so far as to say this week of bond market movement went "out like a lamb," but at the very least, it wasn't nearly as brutal as the firs...
Fri, Aug 9 2019, 4:15 PM
Mortgage rates moved lower today even though the broader bond market suggested they should have remained flat or higher. In several of this week's pre...
Fri, Aug 9 2019, 12:48 PM
It's too late in the morning at this point to refer to this post as a "Day Ahead," so let's change course a bit and simply address the biggest burning...
Fri, Aug 9 2019, 10:16 AM
Ever since mortgage rates began to move lower, Black Knight has devoted a big portion of its Mortgage Monitor , a monthly report on loan performance a...
Fri, Aug 9 2019, 9:20 AM
Critics of the “new and improved” 1003, aka URLA, for loan applications must be quite pleased with the indefinite delay of its required rollout announ...
Fri, Aug 9 2019, 8:14 AM
The availability of jumbo mortgage loans increased in July, but not enough to offset tightening in credit access for other types of loans. The Mortgag...
Thu, Aug 8 2019, 5:12 PM
For some reason, yesterday's recap didn't go out. You didn't miss much. I wrote a bit about how I roll out of my high tech cryo-stasis chamber each ...
Thu, Aug 8 2019, 4:22 PM
Mortgage rates were sharply higher today, with the average 30yr fixed rate quote rising by almost an eighth of a percentage point in some cases. A mov...
Thu, Aug 8 2019, 10:33 AM
In the day just passed, bonds endured whipsaw volatility of the highest and most frustrating order. Overnight gains were swift and largely defied any...
Thu, Aug 8 2019, 9:06 AM
Are there “non-profit” lenders and/or real estate companies in the private sector? (I’m talking business model, not tax status.) Sure there are. Here’...
Thu, Aug 8 2019, 8:28 AM
There was an unusually large bump in Fannie Mae's Home Purchase Sentiment Index (HPSI) in July. The company said strong positive responses to question...
Thu, Aug 8 2019, 8:19 AM
Anyone trying to make sense out of current data on the direction of home prices needs more than a calculator. Every new report seems to dump more mud ...
Wed, Aug 7 2019, 5:13 PM
Mortgage rates have had a great week. Although rates are slightly higher today versus yesterday, they're still exceptionally close to the lowest level...
Wed, Aug 7 2019, 10:24 AM
CoreLogic has been running a series of articles in its Insights blog attempting to quantify the potential impact of the expiration of the so-called GS...
Wed, Aug 7 2019, 10:13 AM
In the day just passed, bonds held their ground after overnight weakness and eventually moved back into positive territory. That happened in spite of...
Wed, Aug 7 2019, 9:24 AM
For me the first three weeks in August includes time in California, Washington, Nevada, Tennessee, and Michigan. Did you know that roughly 80% of new ...
Wed, Aug 7 2019, 8:15 AM
CoreLogic said on Tuesday that its Home Price Index (HPI) for June increased by 3.4 percent on an annual basis. Rather than the steady decline in appr...
Wed, Aug 7 2019, 8:08 AM
A sharp drop in mortgage rates helped the Market Composite Index break a 5-time losing streak during the week ended August 2. The Mortgage Bankers Ass...
Tue, Aug 6 2019, 6:55 PM
MBS lost 10 ticks today while 10yr Notes gained 1 tick. Times like this are uncommon, but they do happen. The perfect storm required for such things...
Tue, Aug 6 2019, 6:03 PM
Mortgage rates hit their lowest levels since November 2016 late last week and they've proceeded to set a new long-term low each day since then. Today ...
Tue, Aug 6 2019, 9:57 AM
Doug Duncan, Fannie Mae's chief economist, says homebuyers need to do more shopping around before they settle on a mortgage lender. Results from a rec...
Tue, Aug 6 2019, 9:50 AM
In the day just passed, the bond market spent a 3rd straight day collecting treasure. For our purposes, "treasure" refers to the newfound, unexpected...
Tue, Aug 6 2019, 9:00 AM
With this downward move in rates lenders across the nation are girding their loins for margin calls from broker/dealers on mortgage-backed security po...
Mon, Aug 5 2019, 4:52 PM
From 2010 on, the point about the interconnectedness of global financial markets has increasingly been driven home. It was a fun time for me, analyt...
