Fri, Nov 10 2017, 9:41 AM
After 2 weeks of solid gains, bonds have taken the past 3 days (which includes today's overnight trading) to push back in the other direction. At l...
Fri, Nov 10 2017, 9:17 AM
In lending we should all continue to champion and applaud the individuals and companies that are making a difference in our quest for equality, especi...
Thu, Nov 9 2017, 4:56 PM
In June the National Association of Realtors® (NAR) released a "working paper" from the Rosen Consulting Group and the Fisher Center for Real Estate a...
Thu, Nov 9 2017, 4:49 PM
Bond markets began the day roughly unchanged after initially improving in the overnight session. Domestic hours saw 10yr yields make 2 attempts to br...
Thu, Nov 9 2017, 3:22 PM
Mortgage rates moved higher for the first time this week, ending a 3-day run at the best levels since mid-October. Today's rates are roughly in line w...
Thu, Nov 9 2017, 9:28 AM
Bonds are beginning the day in weaker territory for one of several reasons (MBS Live members can read about them in greater detail HERE). The weaknes...
Thu, Nov 9 2017, 9:14 AM
Regardless of presidential administration, immigrants, and millions others, need places to live, and this morning a story was published about Fannie M...
Wed, Nov 8 2017, 4:17 PM
After 5 days of gains for longer-term bonds (we'll lump 10yr Treasuries and the MBS coupons that matter to rate sheets into that category), today fi...
Wed, Nov 8 2017, 3:52 PM
Fannie Mae blamed diminished confidence in both buying and selling a home for a 3.1 percentage point drop in its Home Purchase Sentiment Index (HPSI) ...
Wed, Nov 8 2017, 3:23 PM
Mortgage rates held steady again today, keeping them in line with the lowest levels in more than 3 weeks. They've also been uncommonly calm so far thi...
Wed, Nov 8 2017, 12:08 PM
According to CoreLogic, it doesn't matter whether you rent or recently bought a home, your housing costs probably went up over the last year. Two sepa...
Wed, Nov 8 2017, 9:14 AM
“These businesses are in a structurally disadvantaged position, given the challenging rate environment and marketplace,” Sanjiv Yajnik, president of f...
Wed, Nov 8 2017, 9:11 AM
Mortgage application activity was generally muted last week accoording to the Mortgage Bankers Association (MBA). Where there were changes in the MBA'...
Wed, Nov 8 2017, 8:53 AM
If you've been putting something off that you might be able to chip away at with an extra 5 minutes each morning this week, but simply can't bear the ...
Tue, Nov 7 2017, 5:42 PM
We COULD complain about the absence of volume and volatility in bond markets at the moment. Or we could observe that the calm, relatively sideways ...
Tue, Nov 7 2017, 5:15 PM
Mortgage rates held steadier today after spending 6 of the past 7 days moving lower. They're now at their lowest levels in roughly 3 weeks and fairly ...
Tue, Nov 7 2017, 11:37 AM
Data from CoreLogic could be sounding a bubble alarm. The company's Home Price Report for September jumped almost a point from the previous month, and...
Tue, Nov 7 2017, 9:56 AM
During the first eight months of 2017, home prices increased at the fastest clip than any equivalent time period since 2013. Black Knight Financial Se...
Tue, Nov 7 2017, 9:56 AM
Access to mortgage credit changed very little over the first nine months of 2017, and when there were increases, it seemed always to be the availabili...
Tue, Nov 7 2017, 9:52 AM
The MBA sent a letter to the House Committee on Ways and Means regarding its recently released tax reform proposal. Given the tax proposal, the MBA re...
Tue, Nov 7 2017, 9:06 AM
Bond traders are like my 10yr old. If you give them plenty of information to consider and if you lay out the right set of challenges, they're much mo...
Mon, Nov 6 2017, 5:08 PM
Mortgage rates continued lower today, despite a blatant lack of underlying motivation in financial markets. By that, I mean that we haven't seen any o...
Mon, Nov 6 2017, 5:05 PM
Both Treasuries and MBS inched their way to the best levels seen in more than 2 weeks today, and it couldn't be much less exciting. Today's trading...
Mon, Nov 6 2017, 11:20 AM
The last of a series of three working papers on the hurdles hampering homeownership was introduced on Friday in conjunction with the 2017 Realtors® Co...
Mon, Nov 6 2017, 9:23 AM
New Lender Programs Impac Mortgage Corp. offers No Income No Employment loans ("Asset Qualification Loans"). Planet Home Lending announced the additio...
Mon, Nov 6 2017, 9:12 AM
There isn't much by way of relevant data on the economic calendar this week. In fact, there are no reports that would ever be considered "top-tier" ...
Fri, Nov 3 2017, 6:30 PM
This is more of a recap of the week as a whole because if I tried to just cover today, the screen would look too blank! NFP came out weaker than expe...
Fri, Nov 3 2017, 5:55 PM
Mortgage rates were mostly sideways today although a few lenders offered token improvements. When we talk about small improvements in "mortgage rates,...
Fri, Nov 3 2017, 10:43 AM
While the National Association of Home Builders (NAHB) was fast out of the box yesterday, slamming the newly released Republican tax reform proposal, ...
Fri, Nov 3 2017, 10:14 AM
The second in a scheduled three-part hearing on Sustainable Housing Finance was held on Thursday by the Housing and Insurance subcommittee of the Hous...
Fri, Nov 3 2017, 9:23 AM
One can focus on how to obtain a free sandwich today , since it is National Sandwich Day, or focus on the new tax proposal. NAR: "...at first glance i...
Fri, Nov 3 2017, 8:29 AM
On average, NFP (the "nonfarm payrolls" component of the Employment Situation report which also refers to the broader report itself) is the biggest ...
Thu, Nov 2 2017, 6:46 PM
Traders' eyes were far more burdened than their fingers (which push the "trade" button) today. There was a ton of info to take in regarding the GOP's...
Thu, Nov 2 2017, 5:52 PM
Mortgage rates improved moderately today following the release of the GOP tax bill and confirmation of Jerome Powell as Trump's Fed Chair nomination. ...
Thu, Nov 2 2017, 3:46 PM
Congressional leadership and the Trump Administration stand accused of " abandoning middle-class taxpayers in favor of high-income Americans and wealt...
Thu, Nov 2 2017, 11:52 AM
The rate of appreciation slowed a bit, but home prices both nationally and in most major metropolitan areas grew substantially in the third quarter of...
Thu, Nov 2 2017, 11:41 AM
There was a slight increase in total spending on construction in September. The U.S. Census Bureau says that all construction put in place during the ...
Thu, Nov 2 2017, 9:20 AM
Today the House Financial Services subcommittee is holding another hearing on GSE reform. Nothing is simple, but with Congress we really have an uphil...
Thu, Nov 2 2017, 9:13 AM
There are only so many ways to say the same thing, but I'll at least update the chart to show that bonds remain inside the same boundaries we've been ...
Wed, Nov 1 2017, 4:45 PM
Mortgage rates were slightly higher today, on average, as bond markets backed away from their stronger levels seen during the last 2 days of October. ...
Wed, Nov 1 2017, 2:09 PM
Information received since the Federal Open Market Committee met in July September indicates that the labor market has continued to strengthen and...
Wed, Nov 1 2017, 12:01 PM
Fannie Mae's Book of Business increased at a compounded annual rate of 2.7 percent in September to a value of $3.196 trillion compared to $3.188 trill...
Wed, Nov 1 2017, 11:51 AM
Whenever housing prices rise faster than the rate of inflation, the question arises, are we in a housing bubble? Two Urban Institute (UI) analysts, Bi...
Wed, Nov 1 2017, 9:14 AM
Sometimes things can be misleading, or don’t tell the whole story. For example, a 15-oz. bottle of Naked Green Machine juice smoothie has more sugar i...
Wed, Nov 1 2017, 9:04 AM
Friday and Monday were (relatively) great days for bond markets. For our purposes, at least, they signified an important push back against the more...
Wed, Nov 1 2017, 8:10 AM
The week ended October 27 saw yet another decline in mortgage applications, making it the sixth week out of the last seven that the Mortgage Bankers A...
Tue, Oct 31 2017, 4:48 PM
Today was the last day of trading for the month of October. That means money managers had to get a certain amount of bond buying accomplished in orde...
Tue, Oct 31 2017, 3:49 PM
Mortgage rates continued lower today, despite an absence of improvement in underlying bond markets. That's not too surprising considering the average ...
Tue, Oct 31 2017, 12:47 PM
The overall homeownership rate barely budged in the third quarter of 2017, and remains only 1 percentage point above its all-time low reached in the s...
Tue, Oct 31 2017, 10:14 AM
It is increasingly hackneyed to say it, but home price appreciation accelerated yet again in August. The S&P CoreLogic Case-Shiller U.S. National Home...
