Mon, Jul 3 2017, 9:39 AM
Every Friday, the CFTC issues a report on trading position in Treasury Futures (and everything else in the commodities futures/options complex). Here'...
Mon, Jul 3 2017, 9:12 AM
Fannie Mae's Book of Business increased at a compounded annual rate of 1.5 percent in April to a value of $3.168 trillion compared to $3.164 trillion ...
Fri, Jun 30 2017, 4:53 PM
There is month-end bond buying and then there is month-end "position-squaring." These are 2 different things. Month-end bond-buying refers specifica...
Fri, Jun 30 2017, 3:43 PM
Mortgage rates moved higher for a 4th straight day to end the month of June. In terms of upward movement, this has been the worst week for mortgage ra...
Fri, Jun 30 2017, 1:02 PM
"Mortgage borrowers frequently make costly refinancing mistakes by either refinancing when they should wait, or by waiting when they should refinance....
Fri, Jun 30 2017, 9:20 AM
Huh? The year is half over? Didn’t 2017 just start? Time has a way of flying by. Via rocket ship. July starts tomorrow… and we hear of a new marketing...
Fri, Jun 30 2017, 9:11 AM
With bond yields so clearly lifting-off from their recent trend, today should be just another day to consider our relative demise. Being bullish on...
Thu, Jun 29 2017, 4:57 PM
If you follow equities markets much, you know that today was pretty ugly --especially for the tech sector. In fact, most equities analysts are blami...
Thu, Jun 29 2017, 4:08 PM
Mortgage rates are higher again today, with the average lender now back to levels not seen since May 16th, 2017. Unless you've been following every li...
Thu, Jun 29 2017, 10:51 AM
The Urban Institute (UI) releases a regular report, Housing Finance at a Glance , a "chartbook" loaded with charts and commentary on mortgage activity...
Thu, Jun 29 2017, 9:35 AM
Housing, Rates, and the Economy Following the NAR's recent report that existing home sales rebounded in May, Brad Walker, CEO of Income& , sent on not...
Thu, Jun 29 2017, 9:29 AM
Even yesterday, the situation was already getting serious for bond markets given our past encounters with hints of tapering from major central banks. ...
Wed, Jun 28 2017, 5:31 PM
Today began in hilarious and somewhat glorious fashion with unnamed "ECB sources" overtly doing damage control on Draghi's comments that rocked bond...
Wed, Jun 28 2017, 4:39 PM
Mortgage rates moved moderately higher again today, as investors continued digesting the possibility of a "taper tantrum" in Europe. The US version of...
Wed, Jun 28 2017, 10:39 AM
Pending home sales failed to rise as expected in May, the third straight month that measure has declined. The National Association of Realtors'® (NAR'...
Wed, Jun 28 2017, 10:01 AM
The Consumer Financial Protection Bureau (CFPB) says it has learned that some servicers anticipate some calendar-related problems in complying with th...
Wed, Jun 28 2017, 9:31 AM
Transitional licensing, where a bank LO can move to being a non-depository LO and still can originate? Yup.Contact your rep in Congress to support it ...
Wed, Jun 28 2017, 9:19 AM
Seemingly overnight (in fact, it WAS overnight yesterday), the notion of a European taper tantrum burst on the scene following comments from ECB Pre...
Wed, Jun 28 2017, 8:47 AM
Applications for mortgages plunged during the week ended June 23, even as interest rates remained relatively stable. The Mortgage Bankers Association ...
Tue, Jun 27 2017, 4:59 PM
Bond markets got sucker-punched today. Traders were on the lookout for Yellen's comments at a conference in London in the afternoon. Instead it wa...
Tue, Jun 27 2017, 3:50 PM
Mortgage rates saw their biggest bounce higher in more than a week today as domestic bond markets (which dictate rates) followed a much bigger move in...
Tue, Jun 27 2017, 1:59 PM
Bloomberg is reporting there appears to be yet another plan in the long running reality show featuring the government sponsored enterprises or GSEs. F...
Tue, Jun 27 2017, 10:27 AM
The S&P CoreLogic Case-Shiller National Home Price Index for April set a record high , on a non-seasonally adjusted (NSA) basis for the fifth consecut...
Tue, Jun 27 2017, 9:31 AM
Worries about Europe’s economies have, in most part, subsided. But rumors swirl regarding The Land of Lincoln. Illinois, it seems, isn't doing too wel...
Tue, Jun 27 2017, 9:26 AM
Members of the FOMC are constantly giving speeches and making appearances at various events. The only exception would be the "blackout period" where ...
Mon, Jun 26 2017, 5:35 PM
Despite a super narrow range throughout the day, last Friday saw 10yr yields close at the 2nd best levels of the year. With that in mind, it wouldn'...
Mon, Jun 26 2017, 4:21 PM
Mortgage rates were steady to slightly lower today, depending on the lender. Underlying financial markets continue moving in a narrow range--something...
Mon, Jun 26 2017, 12:25 PM
Is there relief in sight for those oft cited, much maligned tight housing inventories? The National Association of Realtors® (NAR) sees a glimmer of h...
Mon, Jun 26 2017, 11:23 AM
As home buying affordability has declined, it has indirectly moved lenders' apparent willingness to loosen credit standards in the opposite direction....
Mon, Jun 26 2017, 10:11 AM
The third major home price indicator of the month was released on Monday and again there was no indication that the rate of appreciation is slowing . ...
Mon, Jun 26 2017, 10:08 AM
On November 30, 2016 Freddie Mac's economists issued their monthly Outlook which, in light of the sudden surge in interest rates earlier that month, w...
Mon, Jun 26 2017, 10:06 AM
“Statistics are like bikinis. What they reveal is suggestive but what they conceal is vital.” We’re always watching home sales & construction – but it...
Mon, Jun 26 2017, 9:37 AM
Whereas the previous week was generally devoid of significant economic data or market moving events, the current week is more of a contender. On the ...
Fri, Jun 23 2017, 5:32 PM
We've been watching the intraday trading ranges in bond markets to keep an eye on just how flat things have been in the wake of last Wednesday's big t...
Fri, Jun 23 2017, 4:59 PM
Weeks like this are the reason that some mortgage rate analysis is only done once a week. There haven't been any significant developments in financial...
Fri, Jun 23 2017, 2:09 PM
The final installment of a series of working papers produced by the University of Southern California (USC), in partnership with Fannie Mae, looks at ...
Fri, Jun 23 2017, 10:46 AM
The report on May new home sales, released this morning, paints a much brighter picture than last month's release of April data. In that report, the U...
Fri, Jun 23 2017, 10:13 AM
Rumors continue to swirl, this time about Orange County’s Americash. Yes, the drop in refi volume is showing, and even if you made it through the bad ...
Fri, Jun 23 2017, 8:59 AM
You've heard of "innocent until proven guilty." This week of trading in bond markets has been "flat and boring until proven volatile." For many, i...
Thu, Jun 22 2017, 4:43 PM
Yesterday's recap went into some detail about the market phenomenon that can result in intense periods of sideways momentum (and trader apathy) duri...
Thu, Jun 22 2017, 3:50 PM
Mortgage rates have been so little-changed in recent days that yesterday's coverage wouldn't need to be changed in order to apply perfectly today. Ind...
Thu, Jun 22 2017, 9:38 AM
April data from the Federal Housing Finance Agency (FHFA) indicates that, once again, there was no moderation in the pace of home price increases . FH...
Thu, Jun 22 2017, 9:18 AM
Prepayments, apparently spurred by the recent retreat in interest rates, soared in May. Black Knight Financial Services, in its "first look" at the mo...
Thu, Jun 22 2017, 9:17 AM
Originations are increasingly tilted toward home purchase mortgages per the latest Origination Insight Report from Ellie Mae. The May data show the sh...
Thu, Jun 22 2017, 8:58 AM
This week’s Sindeo's closure reminds lenders of the basic premise: if you didn't make money in 2016, what makes 2017 any different? Your competitors w...
Thu, Jun 22 2017, 8:53 AM
With the trading activity seen in the wake of last Wednesday's high-volume/high-movement day, it's clear that bond markets have been in a holding patt...
Wed, Jun 21 2017, 4:50 PM
With the taper tantrum in 2013 and Brexit in 2016, two of our most recent examples of summertime bond trading have been pulled very far from historica...
Wed, Jun 21 2017, 3:11 PM
Mortgage rates have been locked in an exceptionally narrow range for most of the month of June, but especially over the past 5 days. Given that mortga...
Wed, Jun 21 2017, 10:22 AM
Existing home sales weren't expected to strengthen in May, in fact analysts were looking for a slight decline. Sales however did manage to recover fro...
Wed, Jun 21 2017, 9:30 AM
Welcome to the first day of summer. Hey, I don’t where you’re going to be exactly two months from now, but on August 21, besides marking the anniversa...
