Mon, Feb 13 2017, 5:23 PM
With essentially nothing on the calendar today, and quite a lot on the calendar over the next 2 days, it's not too surprising to see bonds continue th...
Mon, Feb 13 2017, 4:35 PM
Mortgage rates stood at their lowest levels in more than 2 months as of last Wednesday, but have since moved higher for 3 straight days . This leaves ...
Fri, Feb 10 2017, 8:52 AM
The stock market is not the economy. That’s a simple financial truth, but it is hard to keep in mind during rallies or sell-offs. Especially when main...
Fri, Feb 10 2017, 8:45 AM
This mostly data-free week ends today with one of the only potential market movers ranking as "2nd tier" or better. But Consumer Sentiment at 10am i...
Fri, Feb 10 2017, 4:56 PM
It was an exceptionally slow day for bond markets with the exception of some tension, at times, during the morning hours. Treasuries and MBS both beg...
Fri, Feb 10 2017, 4:37 PM
On the cusp of the all-important and usually busy spring housing season, an increasing number of local markets are mismatched; that is, buyers are not...
Fri, Feb 10 2017, 3:05 PM
Mortgage rates continued higher today, bringing them back in line with Monday's levels. Part of the rise was due to weaker trading levels in bond mark...
Thu, Feb 9 2017, 10:18 AM
“Sometimes I wake up grumpy; other times I let him sleep.” Kids in NY are sleeping in since the schools are closed today. But if you worked for Deutsc...
Thu, Feb 9 2017, 8:39 AM
To everything, there is a season.
The sun also rises.
Nothing lasts forever.
Regardless of the words used to describe the phenomenon, there i...
Thu, Feb 9 2017, 5:57 PM
This morning's commentary invoked some figurative language evokes notions of seasonality (have you ever seen invoke and evoke used in the same sentenc...
Thu, Feb 9 2017, 5:26 PM
Mortgage rates finally moved higher after three straight days of solid improvement. If it's any consolation, today's rise wasn't on par with even one ...
Thu, Feb 9 2017, 1:14 PM
Prices in more than half of major metropolitan markets with available data are now at or above their previous price peaks after what the National Asso...
Wed, Feb 8 2017, 12:20 PM
Fannie Mae's Home Purchase Sentiment Index (HPSI) reversed a five-month long decline in January, posting a 2-percentage point increase . The Index, wh...
Wed, Feb 8 2017, 12:12 PM
MND recently summarized an analysis by the Urban Institute about a recent Fannie Mae pilot program to underwrite securitization of a $1 billion loan w...
Wed, Feb 8 2017, 9:16 AM
Think there’s no creativity allowed in the down payment help arena? Think again. Loftium pays up to $20,000 towards your down payment and offers month...
Wed, Feb 8 2017, 8:58 AM
As the socioeconomic fates of the world's biggest countries travel down the road of life, sometimes it's smooth sailing and sometimes there's a 17 ca...
Wed, Feb 8 2017, 8:25 AM
Mortgage activity increased during the week ended February 3, with applications for both purchase and refinance mortgages pulling in small gains . The...
Wed, Feb 8 2017, 5:37 PM
Bonds made it 3 days in a row today--rallying to the best levels since mid-January. In fact, apart from Jan 17th, today's closing yields were the l...
Wed, Feb 8 2017, 4:47 PM
Mortgage rates fell for the third straight day today. Each day has seen moderate improvement. Taken together, they add up to a strong move lower from ...
Tue, Feb 7 2017, 10:12 AM
The year ended with home price increases, as measured by CoreLogic's Home Price Index (HPI) dropping below 1 percent on a month-over-month basis for t...
Tue, Feb 7 2017, 10:10 AM
Increased availability and flexibility in jumbo lending was the principal reason for an increase in the Mortgage Bankers Association's (MBA's) Mortgag...
Tue, Feb 7 2017, 10:07 AM
Our Census Bureau is at it again. Did you know that 5 million U.S. veterans are living in areas designated as rural between 2011 and 2015 per a new re...
Tue, Feb 7 2017, 8:50 AM
Bonds Are Officially in a Positive Short-Term Trend. This was also the case heading into mid January, but steady selling following Yellen's speech (J...
Tue, Feb 7 2017, 5:41 PM
Salient, easily-identifiable motivations for bond market movements continue to be elusive. The times of the day where liquidity (numbers of buyer...
Tue, Feb 7 2017, 4:48 PM
Mortgage rates moved lower again today as investors remained cautious amid political uncertainty at home and abroad. Stocks began the day higher but l...
Mon, Feb 6 2017, 12:19 PM
Apparently we aren't all procrastinators. Black Knight Financial Services looked at Internal Revenue Service (IRS) filing statistics and how they rela...
Mon, Feb 6 2017, 8:45 AM
Tomorrow we’ll take a deep look at potential future Dodd-Frank changes , but for something more concrete the Census Bureau told us that U.S. home owne...
Mon, Feb 6 2017, 8:28 AM
There is almost no significant economic data on tap for this week. Friday is really the only contender with Import/Export Prices and Consumer Senti...
Mon, Feb 6 2017, 5:36 PM
Today was the sort of day you could ask 10 market pundits about and get 10 different answers as to the source of inspiration. From a prevalence sta...
Mon, Feb 6 2017, 4:36 PM
Mortgage rates moved lower today as investors sought safe haven from global political risk in the bond market. When investor demand for bonds increase...
Fri, Feb 3 2017, 9:01 AM
Residential lenders are paying raptly following the news that President Donald Trump intends to roll back much of the 2010 Dodd-Frank financial regula...
Fri, Feb 3 2017, 8:27 AM
Given that this week's ADP employment numbers and the employment component of the ISM Manufacturing numbers both came in much stronger than expected, ...
Fri, Feb 3 2017, 6:17 PM
Nonfarm payrolls came in at 227k vs a median forecast of 175k. This fact, in and of itself, would almost always be grounds for bond market weakness, ...
Fri, Feb 3 2017, 5:28 PM
Mortgage rates were noticeably lower this morning as bond markets responded favorably to the important jobs report. While the headline job growth was ...
Fri, Feb 3 2017, 4:45 PM
Blackstone Group has disclosed that it has secured Fannie Mae's backing for a mortgage backed by some of the single-family homes it purchased, princip...
Thu, Feb 2 2017, 9:38 AM
Supply and demand (“the invisible hand”) are the driver of many things in life, as are perceived shortages. So it was with great concern that Chris C....
Thu, Feb 2 2017, 8:28 AM
Occasionally, these Thursday's before NFP have very little by way of relevant economic data. Today is arguably such a Thursday. With us as always is...
Thu, Feb 2 2017, 4:42 PM
Today ended up being exceptionally quiet for bond markets in the bigger picture, although that wasn't clearly going to be the case earlier this morn...
Thu, Feb 2 2017, 3:32 PM
Mortgage rates fell modestly today, but not enough to make it back to the lows seen earlier this week. 4.25% is still the most prevalent 30yr fixed ra...
Wed, Feb 1 2017, 10:38 AM
Freddie Mae's Outlook for January looks at the uncertainties facing the housing market heading into the second month of 2017. While acknowledging that...
Wed, Feb 1 2017, 10:30 AM
Prospect Mortgage, a Sherman Oaks, California based lender has been cited by the Consumer Financial Protection Bureau (CFPB) for paying illegal kickba...
Wed, Feb 1 2017, 10:28 AM
Calling it the final piece of unfinished business from the financial crisis, the Mortgage Bankers Association (MBA) has published a paper with its rec...
Wed, Feb 1 2017, 10:21 AM
Although I am now in Phoenix for several days, where house flipping is ramping up again, I was fortunate earlier this week to be able to attend the Te...
Wed, Feb 1 2017, 8:28 AM
Mortgage application volume was generally lower during the week ended January 27. The Mortgage Bankers Association said its Market Composite Index, a ...
Wed, Feb 1 2017, 8:20 AM
The significance of the economic data ramps up today with ADP employment at 8:15am. This just came out at 246k vs a median forecast called for a slig...
Wed, Feb 1 2017, 5:25 PM
Between this morning's economic reports and opening tradeflows, there was quite a bit more volume early in the day. This was almost exclusively in ...
Wed, Feb 1 2017, 5:05 PM
Mortgage rates were higher to end the day, but not as high as they might have been without the Fed Statement. The day began with a series of strong ec...
Wed, Feb 1 2017, 2:07 PM
(Additions underlined, deletions struck through)
Information received since the Federal Open Market Committee met in December suggests indicates ...
Wed, Feb 1 2017, 1:15 PM
Publicly funded expenditures continued to drag on overall construction spending numbers in December, offsetting a small uptick in private spending. Da...
Tue, Jan 31 2017, 10:18 AM
The headline of the S&P CoreLogic Case-Shiller Indices press release for the last three months has been exactly the same: NATIONAL INDEX HITS NEW PEAK...
