Fri, Feb 9 2018, 9:14 PM
I'm Matt, but I'll be frank with you for a moment. I don't like the way this chart looks.
If your mind's eye is anything like mine, A) you ne...
Fri, Feb 9 2018, 11:29 AM
A small group of VA approved issuers have been warned that the speed at which their loans are being prepaid makes it appear they are participating in ...
Fri, Feb 9 2018, 9:36 AM
The short answer is "to 10yr yields below 2.66% and ideally below 2.49%." Those are the levels we'd need to see in order to suggest a more substanti...
Fri, Feb 9 2018, 9:14 AM
Here’s a riddle for tonight’s Happy Hour for snowed-in Chicagoans: What do New Day Financial, Nations Lending Corp., Freedom Mortgage Corp, LoanDepot....
Thu, Feb 8 2018, 5:42 PM
Everyone likes an intellectual bully, right? Well, not really, but everyone likes the person that knows what's up and isn't shy about articulating fa...
Thu, Feb 8 2018, 5:22 PM
Mortgage rates continued higher today, bringing the average 30yr fixed rate to another new multi-year high. That said, rates may vary quite a bit from...
Thu, Feb 8 2018, 12:27 PM
The National Delinquency Survey (NDS), a quarterly measure of mortgage performance from the Mortgage Bankers Association (MBA), found delinquencies in...
Thu, Feb 8 2018, 9:23 AM
It's too easy and too common for experts and casual observers alike to discuss bond markets through the lens of inflation. It's easy and common bec...
Thu, Feb 8 2018, 9:13 AM
People are usually surprised to learn there are more boating licenses issued in Wyoming then in Hawai’i. Arizona and flooding? CoreLogic research find...
Wed, Feb 7 2018, 4:34 PM
In the past or under different circumstances, a day like yesterday might not have been enough for me to write a headline like "nice while it lasted." ...
Wed, Feb 7 2018, 3:40 PM
Mortgage rates surged higher today, with most lenders ending up back in line with the 4-year highs seen on Friday afternoon. At issue--among other thi...
Wed, Feb 7 2018, 12:02 PM
Five of the six components that make up Fannie Mae's Home Purchase Sentiment Index (HPSI) rose in January, pushing the index to an all-time high . HPS...
Wed, Feb 7 2018, 9:10 AM
Amazon Go opened its doors in Seattle as the first digital grocery store without any cashiers. (One initially simply downloads an app to use the digit...
Wed, Feb 7 2018, 9:05 AM
In a world where race horses are named after bond market movements, there has been some easy betting in the past two months. The winners circle has b...
Wed, Feb 7 2018, 8:36 AM
Mortgage activity increased slightly during the week ended February 1. The Mortgage Bankers Association (MBA) says its Market Composite index, a measu...
Tue, Feb 6 2018, 5:02 PM
Yesterday's massive stock market rout was enough to coax reluctant bond yields to the lowest levels since the end of January. Given that the end of J...
Tue, Feb 6 2018, 4:39 PM
Mortgage rates were mixed today, with most lenders offering slightly better terms this morning compared to yesterday's mid-day levels. Things took a t...
Tue, Feb 6 2018, 11:48 AM
Mortgage credit availability increased significantly in January. The Mortgage Bankers Association said its Mortgage Credit Availability Index (MCAI) r...
Tue, Feb 6 2018, 10:21 AM
CoreLogic's Home Price Index (HPI) finished up 2017 a little lower than when the year started but showing some additional slowing from later in the ye...
Tue, Feb 6 2018, 9:12 AM
As all the pre-printed “Patriots: 2018 Super Bowl Champions” t-shirts are being shipped off for donation to 3rd world countries (yes, that is what hap...
Tue, Feb 6 2018, 8:54 AM
Overnight volume in bond markets is about as high as I've ever seen it . In general, we use a benchmark of 1 million 10yr futures contracts as the b...
Mon, Feb 5 2018, 5:40 PM
Yes, I'm going to call a 13bp gain in 10yr yields an insane rally, because who would have logically conceived of such a thing in the current market? ...
Mon, Feb 5 2018, 5:09 PM
Mortgage rates caught a break today, moving back near last Thursday's levels as bonds (which underlie rates) benefited from today's extreme market vol...
Mon, Feb 5 2018, 12:21 PM
CoreLogic continued its series of blog articles related to appraisals with an analysis of the appreciation rate when an appraisal has come in above th...
Mon, Feb 5 2018, 9:48 AM
Granted, my commentary is decidedly focused on bond markets--particularly as they impact MBS and the mortgage market. Over the years, I've seen that ...
Mon, Feb 5 2018, 9:42 AM
As more time elapses since the three hurricanes that impacted parts of the U.S. in late summer to mid fall, additional damage to the mortgage market i...
Mon, Feb 5 2018, 9:12 AM
I know plenty of folks in Nebraska. And people who went to school there but left soon afterward. But I don’t know Elsie Eiler, who is the only residen...
Fri, Feb 2 2018, 8:07 PM
The aging of America seems to be stoking the enthusiasm of homebuilders about catering to the senior set. The National Association of Home Builders (N...
Fri, Feb 2 2018, 7:53 PM
I have a lot of great thoughts and analysis about today's market movements. Most of those were disseminated via MBS Live throughout the day--especial...
Fri, Feb 2 2018, 7:13 PM
If you thought yesterday was bad for mortgage rates , you're probably not going to be a big fan of today either. And since today is the end of a week,...
Fri, Feb 2 2018, 9:06 AM
The total number of slot machines in Las Vegas is down 23 percent from its peak in 2001, partially because slot gambling never really clicked with you...
Fri, Feb 2 2018, 8:28 AM
Just in case you haven't witnessed the multiple previous examples of the once and future king of economic data falling on deaf ears (relative to its f...
Thu, Feb 1 2018, 5:08 PM
The first day of a new month always holds opportunities and risks for rates. Investors who were compelled to hold certain positions through yesterd...
Thu, Feb 1 2018, 4:41 PM
Mortgage rates are in big trouble . Whatever you've read about the current spike so far today, you'll probably need to double it after today's bond ma...
Thu, Feb 1 2018, 12:37 PM
Construction spending wound up the year with positive numbers for December and an increase in overall spending for the year . The U.S. Census Bureau t...
Thu, Feb 1 2018, 10:52 AM
There was a partial win for the plaintiff in there somewhere, but the District of Columbia Circuit Court of Appeals reversed its earlier decision on W...
Thu, Feb 1 2018, 10:11 AM
The title is a trick question --at least if you've read almost anything else I've written in the recent past. If today is your first time though, we...
Thu, Feb 1 2018, 9:14 AM
Whale oil manufacturers… switchboard operators… real estate agents? “Knock does everything a traditional real estate agent does and so much more.” Lau...
Wed, Jan 31 2018, 4:12 PM
Stay skeptical about easy answers in financial news! Here's a tremendous example. Much has been made of the stock market being on the edge of a ma...
Wed, Jan 31 2018, 2:56 PM
Mortgage rates managed to hold steady today, on average (some lenders were slightly better while others were slightly worse) despite a more upbeat eco...
Wed, Jan 31 2018, 2:02 PM
Information received since the Federal Open Market Committee met in November December indicates that the labor market has continued to strengthen a...
Wed, Jan 31 2018, 12:47 PM
Loan applications are increasingly submitted and approved via a cell phone and Fannie Mae, and Freddie Mac constantly refer in press releases to their...
Wed, Jan 31 2018, 10:49 AM
Pending home sales finished off the year in a more upbeat tune. Although the December gain in sales, reported on Wednesday by the National Association...
Wed, Jan 31 2018, 9:11 AM
“Rob, are you hearing an issue regarding ‘individual CRMs?’ Where LOs are purchasing their own CRMs, which move with them to various companies, and th...
Wed, Jan 31 2018, 8:40 AM
Mortgage activity suffered its first downturn of 2018 last week, breaking a three-week winning streak. The Mortgage Bankers Association (MBA) reports ...
Wed, Jan 31 2018, 8:31 AM
Despite a fair amount of focus on last night's State of The Union speech in the news, it was a complete dud in terms of bond market movement. These...
Tue, Jan 30 2018, 5:06 PM
After yesterday saw yields break above the previous ceiling in 10yr yields (2.66-2.67) with gusto, anything other than an equally decisive movement ba...
Tue, Jan 30 2018, 4:15 PM
Mortgage rates continued just slightly higher today. While it wasn't the worst day they've had in terms of movement, it arrives as rates were already ...
Tue, Jan 30 2018, 1:08 PM
The national homeownership rate ticked up slightly in the fourth quarter of 2017, but the U.S. Census Bureau said the change, from 63.9 percent in the...
Tue, Jan 30 2018, 10:13 AM
Home price gains picked up the pace again in November according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. The index, which cov...
