Tue, Oct 10 2017, 4:07 PM
Mortgage rates were marginally lower today compared to last week, but only when factoring in upfront finance charges. Actual quoted interest rates hav...
Tue, Oct 10 2017, 12:19 PM
Credit access hasn't improved much over the last year unless one is shopping for a jumbo mortgage loan. The Mortgage Bankers Association (MBA) noted a...
Tue, Oct 10 2017, 11:56 AM
National delinquency rates continue at 10-year lows , and both early delinquency and transition rates are stable as well. But CoreLogic, in its July L...
Tue, Oct 10 2017, 9:28 AM
The costs of the recent hurricanes that struck in August and September are coming home to roost. The first two in the recent rolling series are, in fa...
Tue, Oct 10 2017, 9:20 AM
6,762 institutions took a residential loan application in 2016, per Richey May’s HMDA dashboard data. That is a lot of lenders!! Another big figure is...
Tue, Oct 10 2017, 9:00 AM
After having waited a day to begin trading this week due to yesterday's Columbus Day holiday, bond markets will spend today waiting for the week's mor...
Fri, Oct 6 2017, 6:22 PM
The Employment Situation (aka the jobs report, or simply, "NFP") is the granddaddy of all economic reports. Through the years, no other piece of da...
Fri, Oct 6 2017, 5:40 PM
Mortgage rates moved higher today, following a much weaker-than-expected jobs report. These are two things that essentially never go together. What ma...
Fri, Oct 6 2017, 10:23 AM
While earlier generations tended to pay off their mortgages before they retired, the leading edge of Baby Boomers, now in their late 60s and early 70s...
Fri, Oct 6 2017, 9:21 AM
Thank you to the California MBA who sponsored a tour yesterday of the Tesla Factory – the building has the 2nd largest footprint in the world (behind ...
Fri, Oct 6 2017, 8:22 AM
NFP, or "nonfarm payrolls" (the principle component of the big jobs report officially known as the "Employment Situation") are a bond market instituti...
Thu, Oct 5 2017, 4:58 PM
Generally higher yields and tepid intraday performances are nothing new for bond markets over the past week and a half. In some ways, today marked a ...
Thu, Oct 5 2017, 3:02 PM
Mortgage rates moved higher today, bringing the average lender back near 4% in terms of conventional 30yr fixed quotes for top tier scenarios. Most le...
Thu, Oct 5 2017, 11:19 AM
Is it time to bid farewell to an American-as-Apple-Pie tax deduction? Maybe. After 75 years of supporting it against all assaults, the National Associ...
Thu, Oct 5 2017, 9:20 AM
One of my early jobs was digging fence post holes and picking up dropped nails for a builder in 100 degree heat. No one wants to do that anymore? In b...
Thu, Oct 5 2017, 8:49 AM
Yet again, bond markets have managed to string together 4 days doing something other than selling off abjectly. Without a firmer push toward lower ...
Wed, Oct 4 2017, 5:19 PM
Bond markets saw a decent amount of strength in the afternoon. It ultimately allowed 10yr yields and MBS to return to positive territory by the end o...
Wed, Oct 4 2017, 2:19 PM
Mortgage rates were very slightly lower today, but not by enough to have an impact on the actual interest rates being quoted. Specifically, the "effec...
Wed, Oct 4 2017, 11:48 AM
While assuring members of Congress that it is their role to make decisions about housing finance reform, Melvin L. Watt, Director of the Federal Housi...
Wed, Oct 4 2017, 9:19 AM
Hey, I am all in favor of the tiny house movement…if I have room for my bottle cap collection, antique banks, gumball machines, Spirograph and Battlin...
Wed, Oct 4 2017, 9:11 AM
In 2011-2016, Europe was the dark horse market mover that ended up winning the race. Far too few domestic market participants appreciated the impact ...
Wed, Oct 4 2017, 8:33 AM
Once again, a slowdown in refinancing overcame a slight improvement in applications for purchase mortgages, sending the Mortgage Bankers Association's...
Tue, Oct 3 2017, 4:36 PM
Both yesterday and today have been the sort of days that just haven't mattered in the slightest for bond markets. Yesterday was spent consolidating ...
Tue, Oct 3 2017, 3:36 PM
Mortgage rates were unchanged today, on average, marking the second straight day with minimal change near the highest levels in more than 2 months. Fo...
Tue, Oct 3 2017, 11:14 AM
The highest property taxes in 2016 were paid by homeowners New Jersey, and the lowest were in Alabama. The difference between the two was impressive; ...
Tue, Oct 3 2017, 10:27 AM
Home prices posted strong increases again in August. CoreLogic's Home Price Index was up 0.9 percent on a month-over-month basis, the same gain it pos...
Tue, Oct 3 2017, 9:18 AM
Sunday this industry lost a brother and a friend in the senseless and selfish Las Vegas massacre. Brian Fraser was an awesome husband, father, origina...
Tue, Oct 3 2017, 9:05 AM
Bond markets are in the throes of their worst uptrend in yields since the November presidential election. Granted, trading levels are still roughly...
Mon, Oct 2 2017, 5:30 PM
You never know... Sometimes the end of any given month will be skewed in one direction in terms of trading momentum only for the following month to s...
Mon, Oct 2 2017, 4:57 PM
Mortgage rates were lower today for a few lenders, but higher for most others, dragging the average 0.01% higher in terms of effective rates. Note rat...
Mon, Oct 2 2017, 1:35 PM
Construction spending in August came in a little higher than expected, posting the first increase in three months. Unlike housing starts and completio...
Mon, Oct 2 2017, 12:18 PM
Even though Hurricane Harvey didn't hit the Houston area until very late in August, its effects are already being felt on mortgage performance. Black ...
Mon, Oct 2 2017, 9:26 AM
Freddie Mac is re-imagining the Mortgage Experience to create a smarter, simpler, and less costly origination process. We're using big data and advanc...
Mon, Oct 2 2017, 9:11 AM
The current trend in bond markets is not your friend. While it may sound trite, there's a reason we say "the trend is not your friend until it's your...
Fri, Sep 29 2017, 3:49 PM
The music is currently playing for the role of Fed Chair next year. When the music stops, Yellen may or may not still have a seat. News came out t...
Fri, Sep 29 2017, 2:37 PM
Mortgage rates moved lower today, even though underlying bond markets (which ultimately drive rates) suggested a move higher. This happens from time t...
Fri, Sep 29 2017, 12:23 PM
Mortgage fraud may be both more prevalent than lenders know and more insidious than they realize according to Bridget Berg, a principal in Industry So...
Fri, Sep 29 2017, 9:23 AM
Yesterday was the release of the HMDA information by the CFPB. Yes, there is a dashboard to slice and dice the data; more information below. And yes, ...
Fri, Sep 29 2017, 8:31 AM
This morning brings one of the more important inflation metrics for the US economy via the "Incomes and Outlays" report. As the name suggests, the re...
Thu, Sep 28 2017, 4:39 PM
Treasuries hit their highest yields since the beginning of July today, although they'd already begun to calm down by the start of the domestic sessi...
Thu, Sep 28 2017, 3:43 PM
Mortgage rates were decidedly higher this morning, with most lenders back above last week's highs. At the time, those were the highest rates in more t...
Thu, Sep 28 2017, 10:38 AM
While it is still within what is considered normal limits, credit risk did move higher among loans originated during the second quarter of the year. C...
Thu, Sep 28 2017, 9:25 AM
Research by the Washington Post finds only about 20% of homeowners in Texas counties that were hit by flooding have flood insurance. In separate, but ...
Thu, Sep 28 2017, 8:32 AM
First off, let me say that the extent to which bond market weakness over the past 2 days is being wholly attributed to the tax plan borders on ridicul...
Wed, Sep 27 2017, 5:40 PM
While MBS definitely did sell-off today, and while mortgage rates did indeed move higher, it was Treasuries that took the brunt of the damage. Specif...
Wed, Sep 27 2017, 4:49 PM
First thing's first: mortgage rates didn't have nearly as bad a day as US Treasuries. The latter serve as a general benchmark for the former, but can ...
Wed, Sep 27 2017, 12:51 PM
Ginnie Mae, is a wholly owned U.S. government corporation that guarantees and securitizes pools of mortgages originated through FHA, Veterans Administ...
Wed, Sep 27 2017, 10:22 AM
The prospects for home sales weakened further in August, and the National Association of Realtors® (NAR) has downgraded its sales forecast for the rem...
Wed, Sep 27 2017, 9:24 AM
Before it even began, today was set to be a challenge for bond markets. As discussed in an earlier update on MBS Live , Treasury yields rose sharpl...
Wed, Sep 27 2017, 9:14 AM
Princess Bride 30-years old ? Time flies. My 94-year old father remembers his childhood phone number in San Francisco: WAlnut 4694. Telephones moved t...
