Mon, Jun 10 2019, 4:39 PM
Mortgage rates had a fairly epic week last week, spending each day effectively pinned to the lowest levels since September 2017. That followed a swift...
Mon, Jun 10 2019, 10:18 AM
The increase in homeowner equity has slightly exceeded the pace of housing appreciation. CoreLogic says that the 63 percent of homeowners nationally w...
Mon, Jun 10 2019, 8:58 AM
In the week just past, bonds moved aggressively sideways at long-term yield lows after coming out of the gate strong on Monday. There were several n...
Mon, Jun 10 2019, 8:25 AM
This morning I find myself in Albany for the NYMBA conference and there is a lot of talk about the political situation, debt levels, and interest rate...
Fri, Jun 7 2019, 5:35 PM
The labor market has been the last bastion of defense against the various threats to the current economic expansion. Inflation may be intractable. ...
Fri, Jun 7 2019, 3:26 PM
Mortgage rates moved decisively lower today following a much weaker-than-expected reading on new job creation in a key report from the Department of L...
Fri, Jun 7 2019, 2:31 PM
Americans became decidedly more bullish about buying a home in May. Fannie Mae said its Home Purchase Sentiment Index (HPSI) nearly matched its survey...
Fri, Jun 7 2019, 9:43 AM
The War is over. That would be the bidding war. And maybe not over, but there seems to be a cease-fire. CoreLogic's Shu Chen says that the share of ho...
Fri, Jun 7 2019, 8:55 AM
Today is National Doughnut Day, but those in financial services are probably more interested in U.S. equities having their second-best day of the year...
Fri, Jun 7 2019, 8:25 AM
In the day just past, bonds managed to hold perfectly flat despite several big-ticket market movers in play. These included the European Central Ba...
Thu, Jun 6 2019, 6:03 PM
In hindsight, it's been a boring week for bonds with each trading day falling mostly inside Monday's range and easily inside the 2-day range set by ...
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...
