Fri, Jul 14 2017, 10:12 AM
Credit availability appeared to have improved slightly in June as three of the four components in the Mortgage Bankers Association's (MBA's) Mortgage ...
Fri, Jul 14 2017, 9:33 AM
Redfin, the Seattle-based real estate company, says that the drought in listings that has affected the inventory of homes for sale marked its 21 st mo...
Fri, Jul 14 2017, 9:16 AM
Today are Q2 earnings numbers from JP Morgan, Citigroup, Wells Fargo and PNC – a look at the mortgage numbers in Monday’s commentary. What may be of m...
Fri, Jul 14 2017, 8:59 AM
Today begins with weaker economic data helping bonds move into stronger territory. Investors had been eagerly awaiting the Retail Sales and CPI data ...
Thu, Jul 13 2017, 6:17 PM
Take market analysis with a grain of salt today. To a much greater extent than yesterday, market-watchers would have to dig to connect the dots bet...
Thu, Jul 13 2017, 5:45 PM
Mortgage rates had their first great day in several weeks yesterday, but ended up giving back some of those gains today. Bond markets that underlie in...
Thu, Jul 13 2017, 12:39 PM
Unlike many other countries, America has a consumer-driven economy. The National Association of Home Builders (NAHB), in a couple of recent entries in...
Thu, Jul 13 2017, 9:27 AM
As Abraham Lincoln said, “Don’t believe everything you read on the internet.” But I turned to the internet to find out how many languages there are in...
Thu, Jul 13 2017, 8:56 AM
For the entire first quarter of 2017, bonds held inside a range from roughly 2.30 to 2.60 in terms of 10yr yields. This was the purgatory we occupi...
Wed, Jul 12 2017, 5:20 PM
" Support " and " resistance " are two terms often thrown around in market analysis. They loosely refer to ceilings and floors respectively (as far a...
Wed, Jul 12 2017, 4:26 PM
Mortgage rates had been holding in a narrow range near their highest levels in roughly 3 months over the past few days. Despite some stability in unde...
Wed, Jul 12 2017, 12:05 PM
Time heals all wounds as the old saying goes, and the decade that has passed since the housing crisis seems to have allowed many Americans to recover ...
Wed, Jul 12 2017, 9:28 AM
Millions of parents around the nation will be sending their ex-high school seniors off to college this autumn. And what better thing to teach them is ...
Wed, Jul 12 2017, 9:02 AM
Americans were apparently more interested in picnics and fireworks last week than in buying or refinancing their homes. At least that's what we might ...
Wed, Jul 12 2017, 9:01 AM
Global bond markets have been on the run since June 27th , when Mario Draghi (head of the European Central Bank, or ECB) said deflation was being rep...
Tue, Jul 11 2017, 4:41 PM
Quite simply, markets are waiting for the last 3 days of this week before gleaning any "takeaways" about the current state of financial markets, the e...
Tue, Jul 11 2017, 3:44 PM
Mortgage rates remained in a very narrow range near their highest levels in roughly 3 months today. If you're into splitting hairs, we could discuss t...
Tue, Jul 11 2017, 3:40 PM
The Bureau of Labor Statistics monthly Job Openings and Labor Turnover Survey (JOLTS) for May showed fewer job openings than analysts had expected, 5....
Tue, Jul 11 2017, 11:54 AM
While the overall percentage of non-current mortgage loans declined over the 12 months that ended in April, there was an uptick of those in the early ...
Tue, Jul 11 2017, 9:34 AM
Black Knight's current Mortgage Monitor notes that refinances are increasingly being driven by a cash-out rather than interest rate motives both becau...
Tue, Jul 11 2017, 9:21 AM
Besides 7/11 being “Free Slurpee Day,” we’re in the middle of “home buying season” (if there are actually listings) and loan officers are currying the...
Tue, Jul 11 2017, 9:17 AM
Bond markets (and stocks for that matter) have been stuck in narrow, sideways ranges over the past 4 trading sessions. This is a major departure fr...
Mon, Jul 10 2017, 5:57 PM
Bond markets were exceptionally quiet today. Even though trading levels were technically stronger than Friday, 10yr yields have remained in the sam...
Mon, Jul 10 2017, 5:24 PM
Mortgage rates improved somewhat today, on average, but the gains were modest. Some lenders were unchanged from Friday afternoon's latest levels. That...
Mon, Jul 10 2017, 9:52 AM
Fannie/Freddie, Both Conforming and Conventional News In Freddie Mac news, "To ensure we continue to provide responsible financing options, we will ch...
Mon, Jul 10 2017, 9:51 AM
This week's economic calendar is fairly light, with no top tier reports until Thursday (Producer Prices) and Friday (CPI/Retail Sales). For what it's...
Mon, Jul 10 2017, 9:35 AM
The housing industry has been looking for a slowdown in home price growth for several years, but quite the contrary has occurred. Black Knight Financi...
Fri, Jul 7 2017, 4:48 PM
NFP Friday is an institution for financial markets and especially the bond market. No other piece of monthly economic consistently has as big of an...
Fri, Jul 7 2017, 3:59 PM
Mortgage rates didn't move much higher today for most lenders. While that absence of additional weakness is "nice," the net effect is that rates remai...
Fri, Jul 7 2017, 3:33 PM
The Consumer Financial Protection Bureau (CFPB) has announced final updates to it "Know Before You Owe" mortgage disclosure rule which went into effec...
Fri, Jul 7 2017, 10:46 AM
It may be good news for those skinny housing inventories, homebuyers are allegedly confronting that increasing numbers of homeowners think now is a go...
Fri, Jul 7 2017, 8:55 AM
If you are a residential lender doing business in Nevada, would you ever lend on a condo or residence that has a Home Owner’s Association? Good luck. ...
Fri, Jul 7 2017, 8:25 AM
"NFP doesn't matter." These are bold words at times, a no-brainer at others, and a lucky guess most of the time. While NFP matters greatly in gener...
Thu, Jul 6 2017, 4:30 PM
We ended yesterday with a glimmer of hope for an end to the recent uptrend in rates. Even so, the modest gains were scarcely enough to defeat that ...
Thu, Jul 6 2017, 3:20 PM
According to Federal Reserve Governor Jerome H. Powell, the current housing finance status quo may feel comfortable , but it is also unsustainable . P...
Thu, Jul 6 2017, 3:16 PM
CoreLogic, which maintains it employs "the largest panel of appraisers in the country ," looked at the possibilities for regulatory changes to the ind...
Thu, Jul 6 2017, 3:02 PM
Mortgage rates resumed their recent trend higher today. Yesterday had been the first day since June 27th without noticeable weakness--raising some hop...
Thu, Jul 6 2017, 9:32 AM
HUD is recommending that Fannie Mae tweak upward its affordable housing goals for 2018-2020. The news prompted one industry vet to send, "Although thi...
Thu, Jul 6 2017, 9:26 AM
Treasuries were pummelled well before most domestic traders' left for the office this morning. 10yr yields were up to 2.37% (more than 4bps higher) b...
Thu, Jul 6 2017, 8:39 AM
In a report delayed from its usual Wednesday release by the July 4 th holiday, The Mortgage Bankers Association (MBA) said on today that increased pur...
Wed, Jul 5 2017, 5:01 PM
Bond markets found their f irst green day since June 27th today and for no particular reason apart from today being the first full trading day in Jul...
Wed, Jul 5 2017, 4:15 PM
Mortgage rates had been rising at an uncomfortable pace since June 27th. As of Monday, the average conventional 30yr fixed rate quote was 0.125% highe...
Wed, Jul 5 2017, 12:07 PM
Redfin, the Seattle-based real estate brokerage (among other things) company is expected to soon take its place on the Nasdaq. The company filed a lon...
Wed, Jul 5 2017, 10:20 AM
Home prices ratcheted down their rate of gains in May, although as they say, it is all relative. After jumping by 1.6 percent in both March and April,...
Wed, Jul 5 2017, 9:31 AM
The U.S. Treasury Department recently issued a report titled “A Financial System That Creates Economic Opportunities-Banks and Credit Unions.” In addi...
Wed, Jul 5 2017, 9:08 AM
Today is light in terms of scheduled economic data and events. This will change rapidly over the next 2 days (ADP/ISM services tomorrow, followed...
Mon, Jul 3 2017, 3:02 PM
Bond markets closed early today (2pm ET) in observance of tomorrow's Independence Day holiday (and will be fully closed tomorrow). Fans of low rates ...
Mon, Jul 3 2017, 1:42 PM
Mortgage rates continue rising at an uncomfortable pace for anyone in the market to buy or refinance. Today was the 5th straight day of quicker-than-a...
Mon, Jul 3 2017, 10:51 AM
Construction spending was essentially flat in May when compared to April. The U.S. Census Bureau said on Monday that there were seasonally adjusted an...
Mon, Jul 3 2017, 9:40 AM
We’ve sailed through half of 2017 already. (“Life is like a roll of toilet paper. The closer you get to the end, the faster it goes.” Since many folks...
