Thu, Jun 6 2019, 5:19 PM
Mortgage rates didn't move much today. That's been the theme for most lenders every day this week. Rarely has an absence of change been so awesome! Th...
Thu, Jun 6 2019, 3:32 PM
The financial situation for mortgage lenders brightened considerably in the first quarter of this year, although profitability is way down from post-r...
Thu, Jun 6 2019, 10:54 AM
Fannie Mae's monthly National Housing Survey consistently shows that the vast majority of Americans would prefer to own rather than rent a home but ar...
Thu, Jun 6 2019, 10:31 AM
Here on the 75th anniversary of D-Day, recall that, “Those who cannot remember the past are condemned to repeat it.” One could easily follow that with...
Thu, Jun 6 2019, 8:58 AM
In the day just past, bonds maintained a range that fell almost perfectly inside the range from the previous day. The same was true of the previous...
Thu, Jun 6 2019, 8:25 AM
We can only guess at what the new director of the Federal Housing Finance Agency (FHFA) told members of the National Association of Realtors® (NAR) la...
Wed, Jun 5 2019, 5:00 PM
Yesterday was the first day of major selling that we've seen in more than a month in that 10yr yields moved up more than 5bps from the previous clos...
Wed, Jun 5 2019, 4:37 PM
Mortgage rates began the day very little changed versus yesterday's latest offerings. That meant another morning of access to the lowest rates since l...
Wed, Jun 5 2019, 9:14 AM
In the day just past, bonds put in their biggest day of weakness since mid-April on what looks to have been a purely technical correction. It was an ...
Wed, Jun 5 2019, 8:54 AM
I was walking by a classroom recently and I overhead the teacher telling the 1st graders, “Let’s work really hard today – your parents are eager for d...
Wed, Jun 5 2019, 8:39 AM
Interest rates declined again during the week ended May 31 , propping up mortgage application activity in a holiday shortened week. The Mortgage Banke...
Tue, Jun 4 2019, 5:49 PM
Mortgage rates hit their best levels since late 2017 yesterday and have generally been making stellar moves for the past 2 weeks. To be fair, it's bee...
Tue, Jun 4 2019, 9:47 AM
Spending on construction was almost flat in April. The Census Bureau said total expenditures of both public and private money was essentially unchange...
Tue, Jun 4 2019, 9:28 AM
What does $3.4 million buy you in Joisey? A 5,600 square foot house on 1.5 acres. In this case, it was the house owned by New Jersey’s Tony and Carmel...
Tue, Jun 4 2019, 9:16 AM
The long-awaited single mortgage-backed security from the GSEs Fannie Mae and Freddie Mac launched on Monday. The official start date for the single s...
Tue, Jun 4 2019, 8:45 AM
In the day just past, bonds continued to push feverishly into the lowest yields since 2017. In fact, 10yr yields were only about 1bp away from the l ...
Mon, Jun 3 2019, 5:30 PM
Mortgage rates dropped quickly again today, easily hitting the lowest levels since late 2017 for the average lender. The move comes in response to a s...
Mon, Jun 3 2019, 10:50 AM
As the current issue of Black Knight's Mortgage Monitor was going to "press" mortgage rates dropped under 4.0 percent for the first time in more than ...
Mon, Jun 3 2019, 9:35 AM
If you had $85 million you could buy 85 $1 million homes in as many countries, or one apartment in Manhattan’s West Side that includes two Rolls-Royce...
Mon, Jun 3 2019, 9:17 AM
Trading weeks don't get much more action-packed that this. Bonds are coming off a surprisingly stellar week. After Trump turned his trade war comm...
Fri, May 31 2019, 4:56 PM
After at least 2 days of (or more) of relatively disconnected markets (i.e. trading levels weren't reliably following any single market mover), today ...
Fri, May 31 2019, 4:16 PM
Mortgage rates were decisively lower today, following a massive market movement on news of new tariffs to be imposed on Mexico. In general, trade wars...
Fri, May 31 2019, 1:32 PM
Toll Brothers is embarking on a new business model that may, depending on your outlook, increase the rental stock, provide new opportunities for home ...
Fri, May 31 2019, 10:38 AM
The National Association of Home Builders (NAHB) is introducing the latest in a series of indices it has employed to measure housing within a broader ...
Fri, May 31 2019, 9:09 AM
Congress has become adept at kicking the can down the road, the latest example being, for the 11th time, passing a two-week extension for the National...
Fri, May 31 2019, 8:34 AM
In the day just past, bonds traded an "outside day" (high and low yields of the day fell OUTSIDE the highs and lows from the previous day). This sign...
Thu, May 30 2019, 4:00 PM
Mortgage rates were mixed today, with some lenders holding steady while others offered mid-day improvements in response to strong performance in the b...
Thu, May 30 2019, 10:24 AM
April's pending home sales had been expected to build on the gains posted in two of the three previous months, but they retreated instead. The Nationa...
Thu, May 30 2019, 9:27 AM
In the day just past, bonds started out in stronger territory only to lose ground by the closing bell. This wasn't necessarily destined to be the cas...
Thu, May 30 2019, 9:01 AM
My cat Myrtle’s direct exposure to the falling stock market is minimal. Mine, however, has become a sense of concern as I watch the value of my holdin...
Wed, May 29 2019, 5:05 PM
The bond market started the day off in much stronger territory after solid overnight gains. These could be viewed as a factor of weak equities market...
Wed, May 29 2019, 4:44 PM
Mortgage rates fell again today, just barely inching to the lowest levels since early 2018 . Keep in mind, that factoid is based on an average of mult...
Wed, May 29 2019, 9:33 AM
"The face of America is changing, and the housing market is changing along with it. If the mortgage market doesn't keep up, the nation's economy will ...
Wed, May 29 2019, 9:28 AM
Lenders ask themselves, “Would you fund loans where people cannot buy or sell houses because they can’t check, or record, liens?” Probably not, and th...
Wed, May 29 2019, 9:26 AM
In the day just past, bonds extended a rally that was called into question by last Friday's narrow, sideways trading day. Credit was primarily due to...
Wed, May 29 2019, 8:12 AM
Mortgage application volume declined during the week ended May 24, more than reversing a 2.4 percent increase a week earlier. Both refinancing and pur...
Tue, May 28 2019, 5:53 PM
Bonds rallied sharply today on a combination of factors that are debatable in their direct bond market implications. In a general sense, European bon...
Tue, May 28 2019, 5:20 PM
The world of mortgage rate analysis is both simple and complicated . On a simple note, rates are near long-term lows and they'll generally continue to...
Tue, May 28 2019, 11:53 AM
Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 6.2 percent in April, declining from 8.0 percent t...
Tue, May 28 2019, 11:49 AM
Both the S&P Dow Jones Indices and home price indicators from the Federal Housing Finance Agency (for March continue to show slowing appreciation alth...
Tue, May 28 2019, 9:59 AM
In the week just past, bonds threw a vicious head-fake. After 2 weeks spent moving lower inside a well-established trend, yields looked to be breakin...
Tue, May 28 2019, 9:28 AM
First off, best wishes to Quicken Loans’ owner Dan Gilbert who was hospitalized Sunday after experiencing stroke-like symptoms. As the lending industr...
Fri, May 24 2019, 5:53 PM
Today's headline could just as easily serve as the entire recap. By the time we get past the fact that Durable Goods came out much weaker than expect...
Fri, May 24 2019, 2:52 PM
Mortgage rates fell again today as mortgage lenders got caught up with yesterday's market movements. Mortgage rates are based on bond market trading l...
Fri, May 24 2019, 10:36 AM
There probably hasn't been a report on home sales or prices in the last four years that hasn't referred to the role of housing inventory in the depres...
Fri, May 24 2019, 9:03 AM
The Memorial Day weekend... Wasn’t it just Christmas? Let’s wrap up what’s on the front burner for execs at the MBA’s Secondary Conference as we see t...
Fri, May 24 2019, 8:52 AM
In the day just past, both stocks and bonds too part in a big risk-off trading pattern (stock prices and bond yields moving lower). Inspiration came ...
Thu, May 23 2019, 5:49 PM
Both stock prices and bond yields moved sharply lower today for a combination of reasons. Trade tensions are ongoing, with visible effects being in...
Thu, May 23 2019, 5:28 PM
Mortgage rates dropped quickly today as global financial markets underwent a volatile shift. When money is flowing out of stocks and into bonds (as it...
Thu, May 23 2019, 10:46 AM
After three straight months of gains, April's new home sales were expected to give back a little and they did. The U.S. Census Bureau said sales of ne...
