Mon, Jan 13 2020, 10:10 AM
Rather than serve to accelerate or crush the negative bond market momentum building at the end of 2019, 2020 has only compounded the broader sideways ...
Mon, Jan 13 2020, 9:03 AM
Lenders, and all financial sector firms, continue to ruminate on the privacy law in California that now gives people the right to access and delete pe...
Fri, Jan 10 2020, 6:43 PM
Mortgage rates had been moving higher over the past few days. The average lender was at the highest levels of the month as of yesterday morning, but t...
Fri, Jan 10 2020, 2:24 PM
After the housing crash and as the recovery began home builders ratcheted up the size of the homes they were building because the profit margin was hi...
Fri, Jan 10 2020, 10:02 AM
With NFP coming out just slightly weaker than expected and the bond market not undergoing much of a reaction in either direction, the rest of the day ...
Fri, Jan 10 2020, 8:52 AM
Markets have taken the view that brief military conflicts have little long-term impact on economic trends. Gold, oil and the Japanese yen jumped after...
Thu, Jan 9 2020, 5:26 PM
Do you like it when MBS outperform? How about when they underperform?
Are you a fan of bond market gains? Or do you prefer losses?
Would you l...
Thu, Jan 9 2020, 4:38 PM
Mortgage rates moved higher more definitively today after as lenders had a chance to match their offerings to underlying bond markets. Markets themsel...
Thu, Jan 9 2020, 10:52 AM
Results of a survey by the National Association of Realtors (NAR) released today echo the findings from the most recent National Housing Survey (NHS) ...
Thu, Jan 9 2020, 9:09 AM
The bond market and many other markets are still in the process of retracing the steps they took to price-in the risk of a new war in the Middle East....
Thu, Jan 9 2020, 8:52 AM
Nobody, that I recall, predicted that 2019 would be a banner year for mortgage originators. And how about that stock market! My 401k’s balance certain...
Wed, Jan 8 2020, 4:46 PM
Top and bottom line: war is good for bonds/rates. The risk of war had increased after last week's US attack on the Iranian general and flared furthe...
Wed, Jan 8 2020, 3:06 PM
Mortgage rates moved higher today after spending several recent days in line with the lowest levels in more than a month. Underlying bond markets have...
Wed, Jan 8 2020, 9:37 AM
The pace of home price increases picked up in November, increasing by 3.7 percent on a year-over-year basis, up from 3.5 percent in October . CoreLogi...
Wed, Jan 8 2020, 9:06 AM
Hey, I want to buy my own house without the “nuisances” of a large down payment, difficult credit standards, massive debt, or long-term commitments. O...
Wed, Jan 8 2020, 9:01 AM
Last night was intense to say the least. Bonds surged to the best levels in more than a month, and were close to the best levels in nearly 3 months a...
Wed, Jan 8 2020, 8:17 AM
Fannie Mae's Home Purchase Sentiment Index (HPSI) finished out the year with little change from November to December, but with a strong increase over ...
Wed, Jan 8 2020, 8:10 AM
The Mortgage Banker Association's (MBA's) offices were closed over the two-week holiday period. The data in this week's report on mortgage application...
Tue, Jan 7 2020, 4:21 PM
Treasuries were modestly weaker today, while MBS outperformed by holding mostly steady. That keeps the bond market well within its recent range as we...
Tue, Jan 7 2020, 3:40 PM
Mortgage rates held steady today, keeping them in line with their lowest levels in more than a month. That's the good news. There's really not any bad...
Tue, Jan 7 2020, 12:06 PM
While housing starts have picked up in recent months, the lack of new construction has been called a crisis by Freddie Mac , state and federal policym...
Tue, Jan 7 2020, 9:55 AM
Heading into the end of 2019, the easiest way to look at the bond market was through the lense of "consolidation." In other words, the trading range ...
Tue, Jan 7 2020, 9:08 AM
Money attracts criminal activity. I know that isn’t late-breaking news, but here’s a scam I hadn’t heard of involving, once again, real estate and app...
Mon, Jan 6 2020, 5:05 PM
The Treasury market was on the back foot today as investors lightened holdings ahead of a busy week of bond market supply. A renewed risk-tolerance w...
Mon, Jan 6 2020, 3:46 PM
Mortgage rates moved lower again today, bringing them deeper into the lowest levels in more than a month. There were no specific motivations for the i...
Mon, Jan 6 2020, 11:28 AM
Freddie Mac is announcing it has put a critical homebuyer education course online. The new tutorial, called CreditSmart® Homebuyer U is free and its s...
Mon, Jan 6 2020, 10:11 AM
Depending on how you look at it, either Texas and Florida or Nevada and Idaho were the fastest growing states in 2019. Frank Nothaft, CoreLogic's chie...
Mon, Jan 6 2020, 9:43 AM
For the bond market, almost the entirety of the 2nd half of 2019 was dominated by a consolidation pattern (a narrowing trend where periodic highs and ...
Mon, Jan 6 2020, 8:35 AM
“Rob, I know that it costs less to retain an existing employee than to train a new one. Last year companies were reportedly paying big signing bonuses...
Fri, Jan 3 2020, 3:04 PM
Mortgage rates have been on a solid run over the past few weeks--a time that tends to see the chips fall where they may in terms of market movement (e...
Fri, Jan 3 2020, 11:38 AM
Construction spending by both the public and the private sector grew in November, totaling a seasonally adjusted annual rate of $1.324 trillion dollar...
Fri, Jan 3 2020, 9:35 AM
We knew that volume and liquidity would be ramping back up after the holiday break (which is technically still going through this weekend for many) an...
Fri, Jan 3 2020, 8:49 AM
In state news, happy belated CCPA Day! The California Consumer Privacy Act officially went into effect 1/1, and it’s a big deal. Full compliance expec...
Fri, Jan 3 2020, 8:16 AM
The Urban Institute's Karan Kaul and John Walsh have provided a quick overview of the proposals put out by several Democratic presidential candidates ...
Thu, Jan 2 2020, 9:09 AM
Bonds will be fully open today and tomorrow, but we're not quite back to what would be considered "normal trading" yet. There is no significant data ...
Thu, Jan 2 2020, 9:02 AM
Florida, also known as “God’s waiting room,” is the nation’s third most populous state, behind California and Texas, with a population of 21.3 million...
Tue, Dec 31 2019, 3:05 PM
The effects of low interest rates continue to echo through the mortgage markets. Those rates can be credited, at least in part, with a change in the r...
Tue, Dec 31 2019, 10:55 AM
Both the S&P CoreLogic Case-Shiller indices and the House Price Index (HPI) provided by the Federal Housing Finance Agency (FHFA) showed slight accele...
Tue, Dec 31 2019, 9:07 AM
Bonds close early today for New Year's Eve and are fully closed tomorrow for New Year's Day. There is no significant data on tap today although trade-...
Tue, Dec 31 2019, 8:58 AM
“I can’t remember how to write 1, 1000, 51, and 500 in Roman Numerals! IM LIVID.” Some in the industry may be livid over Associated Bank’s announcemen...
Mon, Dec 30 2019, 4:55 PM
I’d been working with Janet for 5 months as her new home was being built. We addressed some concerns, pulled a new credit report to reverify her/hubby...
Mon, Dec 30 2019, 4:33 PM
Bond market holiday inertia would have been happy to continue were it not for a relative smattering of drama in European bond markets overnight. In f...
Mon, Dec 30 2019, 10:14 AM
For the second straight week, the bond market will lose a day and a half of trading to holiday market closures. That largely implies the same effects ...
Mon, Dec 30 2019, 10:13 AM
Pending home sales bounced back in November , partially recovering from a 1.7 percent decline in October. The National Association of Realtors® said i...
Mon, Dec 30 2019, 8:56 AM
I was telling my cat Myrtle that I have a problem when people ask me what I’ll be doing tomorrow after midnight. I don’t have 2020 vision! Barring any...
Fri, Dec 27 2019, 9:08 AM
Bonds are technically fully open today, but holiday trading themes remain. That means volume and liquidity will remain light, and trading momentum ca...
Fri, Dec 27 2019, 9:00 AM
If Freddie Mac and Fannie Mae didn’t exist, would we create them now? Turkey will establish a new mortgage financing firm, Birlesik Ipotek Finansmani ...
Thu, Dec 26 2019, 1:14 PM
“I hate it when people ask me what I’ll be doing in six days. Come on folks. I don’t have 2020 vision.” You can be guaranteed that the Republicans wil...
Thu, Dec 26 2019, 10:28 AM
The Mortgage Bankers Association (MBA) says mortgage application volume slowed significantly last week as Americans prepared for several major holiday...
Thu, Dec 26 2019, 8:35 AM
Bond markets are fully open again today after 2 and a half days of for Christmas. While things could be a bit business than earlier this week, volume ...
