Tue, Dec 11 2018, 11:45 AM
CoreLogic reports that mortgage delinquency rates were little changed in September. The percentage of mortgage loans that were 30 or more days delinqu...
Tue, Dec 11 2018, 9:25 AM
I’m a capital markets guy. “Bespoke luxury” isn’t in my vocabulary. First-time home buyer prices and floorplans aren’t in the cards at the new Aston M...
Tue, Dec 11 2018, 9:19 AM
Consolidation... That's that word we use to refer to sideways and frequently narrower trading ranges that follow a period of more directional movement...
Mon, Dec 10 2018, 5:44 PM
Bonds struggled to find inspiration for the first few hours of the domestic session, but it was soon in ample supply thanks to Brexit-related headline...
Mon, Dec 10 2018, 4:57 PM
First things first: the average mortgage lender improved modestly today, compared to last Friday's levels. This leaves mortgage rates at their lowest ...
Mon, Dec 10 2018, 1:23 PM
Both Freddie Mac and Fannie Mae have announced the suspension of eviction lockouts for single-family and two- to four-unit properties for the holiday ...
Mon, Dec 10 2018, 12:25 PM
We know that home price growth is slowing , and cash-out refinancing has been coming back, still it is a bit of a stunner to find that homeowner equit...
Mon, Dec 10 2018, 11:14 AM
The stereotype of a second home usually involves a tropical beach, a boat dock on a lake, or skiers whizzing past a picture window, but the National A...
Mon, Dec 10 2018, 9:08 AM
The focus is on the holidays but there is plenty of 2019 wedding planning occurring. Despite that, according to the U.S. Census Bureau, adults are inc...
Mon, Dec 10 2018, 8:01 AM
We've had an impressive winning streak recently and have acquired gains worthy of a watchful, protective eye. Will this be a durable rally or a fleet...
Fri, Dec 7 2018, 4:23 PM
This morning's trading--both before and after NFP came out--basically acted as additional time for debate . Both MBS and Treasuries bounced quickly,...
Fri, Dec 7 2018, 3:55 PM
Mortgage rates held on to their recent improvements today after the important Employment Situation (the big "jobs report") showed November job creatio...
Fri, Dec 7 2018, 1:24 PM
Three researchers from the Urban Institute (UI) recently analyzed the new capital standards rule proposed by the Federal Housing Finance Agency (FHFA)...
Fri, Dec 7 2018, 11:51 AM
Fannie Mae's Home Purchase Sentiment Index (HPSI) for November rose slightly, but within the 0.5-point increase was some increased confidence about pe...
Fri, Dec 7 2018, 9:17 AM
The year has sped along, and here we are at Pearl Harbor Day already. Although mortgage rates have lagged, what has pushed Treasury rates down? Releas...
Fri, Dec 7 2018, 8:33 AM
Powell's speech last week at the Economic Club of New York marked the beginning of an official shift. Until then, while the Fed had its dovish dissen...
Fri, Dec 7 2018, 8:30 AM
Access to mortgage credit moved higher in November, largely due to improved access to conforming mortgages. The Mortgage Bankers Association's Mortgag...
Fri, Dec 7 2018, 8:27 AM
While there has been a lot of talk since the recovery took hold about the lack resiliency in the residential construction sector, the issue is now mov...
Thu, Dec 6 2018, 5:29 PM
Without discussing what tomorrow may bring for bond markets, we can safely say that today was big. Both in terms volumes and outright trading level...
Thu, Dec 6 2018, 4:19 PM
Mortgage rates dropped significantly yet again today, adding to an already impressive week of improvement and bringing most lenders into their best te...
Thu, Dec 6 2018, 9:09 AM
Good times are rolling in the bond market, even if they're rolling much more for Treasuries as opposed to MBS. Nonetheless, MBS will continue to bene...
Thu, Dec 6 2018, 8:58 AM
I still receive questions about HMDA. It’s good to know about the 2018 edition of A Guide to HMDA Reporting: Getting it Right! (the Guide). Developed ...
Thu, Dec 6 2018, 8:44 AM
In June the Federal Housing Finance Agency's (FHFA) issued a proposed capital standard for the government-sponsored enterprises (GSEs), Freddie Mac an...
Wed, Dec 5 2018, 1:22 PM
Mortgage rates remained largely flat or even slightly lower during the week ended November 30. This probably helped to maintain the upward trend in mo...
Tue, Dec 4 2018, 5:53 PM
Bonds rallied in a big way today with intraday lows of 2.885% in 10yr yields. There was also a prominent sell-off in stocks, begging the conclusion...
Tue, Dec 4 2018, 5:16 PM
Mortgage rates technically hit their lowest levels in exactly 2 months yesterday. Today merely takes them deeper into that territory. The size of the ...
Tue, Dec 4 2018, 12:04 PM
It is often billed as the most important and consequential financial decision a household can makes, so it probably follows that buying a home should ...
Tue, Dec 4 2018, 9:13 AM
The day begins with the December rally gathering steam, or at least maintaining the surprisingly strong levels achieved yesterday afternoon. Yields c...
Tue, Dec 4 2018, 9:07 AM
Thinking about locking a loan tomorrow during the National Day of Mourning for George Bush? With the bond markets closed, plenty of mandatory executio...
Tue, Dec 4 2018, 8:13 AM
While their behavior thus far doesn't do much to validate it, a survey by Bank of America (BoA) finds that Millennials put a high priority on homeowne...
Mon, Dec 3 2018, 5:21 PM
I don't think candlestick patterns can predict the future, but a few of them offer quick and easy ways to convey a certain theme in the market. One o...
Mon, Dec 3 2018, 4:16 PM
Mortgage rates didn't really improve today for the average lender, but they did manage to hit the lowest rates in 2 months on a technicality. The reas...
Mon, Dec 3 2018, 12:22 PM
Construction spending was lower on a month-over-month basis in October, but an increase in public sector spending held the overall decline to a minimu...
Mon, Dec 3 2018, 8:57 AM
Much like the person on a journey of self-improvement might hear a trite pep talk about today being the first day of the rest of their life, bond mark...
Mon, Dec 3 2018, 8:49 AM
I admit that I’ve become jaded over the years. Another potential government shutdown comes and goes. As always, our industry, and more importantly tho...
Fri, Nov 30 2018, 4:06 PM
In and of itself, today's trading session wasn't anything special. There wasn't much by way of economic data (just Chicago PMI, which fell on deaf ...
Fri, Nov 30 2018, 3:02 PM
Mortgage rates may have ebbed slightly higher today, but that only erased a fraction of the improvement seen over the past 2 days. Combined with the e...
Fri, Nov 30 2018, 11:17 AM
Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 4.7 percent in October, up from 2.3 percent the pr...
Fri, Nov 30 2018, 10:05 AM
Relative to the last 2 years of pain for bond markets, a sense of hope has emerged, seemingly overnight. That has to do with the fact that bonds (as ...
Fri, Nov 30 2018, 9:40 AM
Financial concerns continued for independent mortgage banks and mortgage subsidiaries of chartered banks as they reported, on average, declining profi...
Fri, Nov 30 2018, 8:58 AM
As one Native American said, “Only a white man would cut two inches from the top of a blanket, sew it to the bottom, and think he has now has a longer...
Thu, Nov 29 2018, 5:01 PM
There have been two distinct phases to the bond market rally that followed yesterday's speech by Fed Chair Powell. The first was fairly logical in ...
Thu, Nov 29 2018, 4:28 PM
Mortgage rates surged lower today, falling at the fastest single-day pace in more than a year. In order to see the average lender offer lower rates, y...
Thu, Nov 29 2018, 10:45 AM
Yes, MLO commissions are dropping. But the traditional 6% real estate agent commission continues to be under attack as well, the latest salvo fired fr...
Thu, Nov 29 2018, 10:24 AM
Pending home sales in October failed to build on their small September gains - only the second uptick in six months. The Pending Home Sales Index (PHS...
Thu, Nov 29 2018, 9:42 AM
I use the baseball/lead-off analogy quite a bit to refer to a range breakout that occurs before the important event that is most likely to cause a bre...
Wed, Nov 28 2018, 4:31 PM
Today was interesting for bond markets in the sense that it certainly FELT like a nice day with solid gains. This has to do with the noticeable ral...
Wed, Nov 28 2018, 3:32 PM
The party is probably over for the time being when it comes to rate-and-term (i.e. "no cash out") refinancing. But even as rising interest rates stead...
Wed, Nov 28 2018, 2:27 PM
Mortgage rates began the day just like they've begun each of the past 5 business days: perfectly unchanged! As we discussed yesterday, the recent abse...
Wed, Nov 28 2018, 11:53 AM
With both interest rates and home prices rising it is nearly impossible to find a housing forecast that doesn't include the word " cooling ." The Nove...
