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...
Mon, Aug 5 2019, 3:58 PM
Mortgage rates were already in great shape on Friday after having fallen to the lowest levels since November 2016. Rather than draw inspiration from t...
Mon, Aug 5 2019, 10:01 AM
In the week just passed, bonds set out to react to the Fed announcement and a slew of important domestic economic data. While all of the above exerte...
Mon, Aug 5 2019, 9:01 AM
Black Knight has good news for potential homebuyers , especially those in the market for their first home. The new edition of the company's Mortgage M...
Mon, Aug 5 2019, 8:39 AM
Blame mental health. Blame gun control. Blame “the system” or background check procedures. There’s plenty of blame to go around when it comes to the t...
Mon, Aug 5 2019, 8:19 AM
Even as homebuilders and affordable housing advocates are pointing to the need for changes in local regulations to reduce housing costs, homebuyers an...
Fri, Aug 2 2019, 8:00 PM
To be fair, after rates fall as much as they fell yesterday (let's specify: the rates implied by bond markets, not necessarily actual mortgage rates),...
Fri, Aug 2 2019, 7:02 PM
Mortgage rates fell again on Friday as lenders finally saw recent bond market gains stabilize enough to act on. In other words, lenders don't always k...
Fri, Aug 2 2019, 12:33 PM
Several weeks ago we summarized CoreLogic's first cut at quantifying the potential effects of the planned expiration of the Consumer Financial Protect...
Fri, Aug 2 2019, 8:31 AM
In the day just passed, bonds successfully stormed the castle, assuming the castle refers to 10yr yields with a "1" in front. At first inspiration ca...
Thu, Aug 1 2019, 4:17 PM
Construction spending in June missed matching the May level by 1.3 percent. Total spending by both public and private sources was at a seasonally adju...
Thu, Aug 1 2019, 4:15 PM
Both of the government sponsored enterprises (GSEs) released second-quarter financial results this week. Each had, to varying degrees, better outcomes...
Thu, Aug 1 2019, 4:07 PM
The Department of Housing and Urban Development (HUD) is reducing the amount of equity that can be withdrawn from a home using either a Federal Housin...
Thu, Aug 1 2019, 4:07 PM
The world may never know if today's Trump tweets have anything at all to do with his stance on the Fed's fund rate, but one things for sure: they were...
Thu, Aug 1 2019, 3:06 PM
Mortgage rates fell today, but by how much depends on the lender! This runs contrary to the average news story which contains some reference to rates ...
Thu, Aug 1 2019, 9:57 AM
Well, we sailed through another perfectly good month, and many lenders had a superb July funding month. And there is great optimism about August’s num...
Thu, Aug 1 2019, 9:26 AM
In the day just passed, bonds didn't move a ton in the bigger picture but endured an hour of whipsaw volatility surrounding the Fed announcement and p...
