Tue, Dec 27 2016, 3:07 PM
Mortgage rates moved higher today, bringing them back into the range that's dominated the second half of the month. That means the average lender is f...
Tue, Dec 27 2016, 2:21 PM
While securitization of auto loans is about 16 percent higher than it was in 2001 and agency mortgage-backed securities (MBS) are up over 50 percent, ...
Tue, Dec 27 2016, 2:17 PM
Black Knight Financial Services wrapped up the October series of national home price reports with its Home Price Index (HPI). It contained numbers nea...
Fri, Dec 23 2016, 11:10 AM
There was a slight uptick in a couple of housing distress measures in November, but the general trend continues down. Still, as Black Knight Financial...
Fri, Dec 23 2016, 10:52 AM
New home sales continued their recent pattern of advancing and retreating in alternate months. The Census Bureau and Department of Housing and Urban D...
Fri, Dec 23 2016, 10:37 AM
We’ve passed the Winter Solstice, and we can look forward to more daylight in the Northern Hemisphere from here on out. (Good news for readers in Fair...
Fri, Dec 23 2016, 8:48 AM
NOTE: This paragraph will be at the top of the Day Ahead for a few weeks. Once you've read it, feel free to skip it. The Day Ahead has long been my ...
Fri, Dec 23 2016, 2:02 PM
Mortgage rates made their biggest move of the week today, although the competition wasn't very stiff, considering yesterday's microscopic improvement ...
Fri, Dec 23 2016, 1:40 PM
As expected, bonds did nothing today , apart from a possibly detectable response to the inflation-expectation components of the Consumer Sentiment da...
Thu, Dec 22 2016, 12:52 PM
This year, with less than two weeks left to go, is shaping up to be the best year for housing in a decade according to Freddie Mac's Economic & Housin...
Thu, Dec 22 2016, 10:13 AM
The share of cash sales appears to be holding fairly steady , even as investors pull back from the residential market (NAR put the investor share of s...
Thu, Dec 22 2016, 9:59 AM
Price increases moderated slightly in October according to the Federal Housing Finance Agency's (FHFA's) Housing Price Index (HPI). The national index...
Thu, Dec 22 2016, 9:50 AM
Refinancing originations remained unchanged at 47 percent of all closed loans in November, not yet reflecting the sharp increase in interest rates tha...
Thu, Dec 22 2016, 9:37 AM
“Hospitality is the art of making guests feel like they're at home when you wish they were.” (Read that again – it’s pretty clever.) Millions of white...
Thu, Dec 22 2016, 8:24 AM
NOTE: This paragraph will be at the top of the Day Ahead for a few weeks. Once you've read it, feel free to skip it. The Day Ahead has long been my ...
Thu, Dec 22 2016, 3:45 PM
This is coming out a bit earlier than normal, and I promise to revise and/or put out another recap if by some miraculous turn of events, bond markets ...
Thu, Dec 22 2016, 3:24 PM
Mortgage rates did nothing today. They did less than nothing . This week is already easily on track to be the calmest since the election. And if tomor...
Wed, Dec 21 2016, 11:21 AM
Existing home sales rose for the third consecutive month in November. The increase was fueled by condo sales and a surge of sales in the Northeast. Tw...
Wed, Dec 21 2016, 9:28 AM
Despite the 3.2 percent annualized growth in the GDP in the third quarter, Fannie Mae's economists expect the full-years growth to moderate to less th...
Wed, Dec 21 2016, 9:22 AM
Applications for mortgages increased during the week ended December 16, managing to narrowly cling to a gain in activity compared to a year earlier. T...
Wed, Dec 21 2016, 9:11 AM
Hey, don’t know what to get your favorite capital markets guy or gal this year for Christmas? Here's a memorable gift , with a one minute video. Altho...
Wed, Dec 21 2016, 8:57 AM
NOTE: This paragraph will be at the top of the Day Ahead for a few weeks. Once you've read it, feel free to skip it. The Day Ahead has long been my ...
Wed, Dec 21 2016, 6:17 PM
I'll make this quick, on the chance you were enticed to read more after seeing the headline. Bond markets nearly broke 2016's record for the lowest ...
Wed, Dec 21 2016, 5:18 PM
Mortgage rates continued the normal late-December trend of minimal movement today, but the average lender managed a microscopic improvement. This wasn...
Tue, Dec 20 2016, 11:32 AM
Back in July, President Obama signed HR3700 The Housing Opportunity Through Modernization Act of 2016. The law makes a number of changes in existing h...
Tue, Dec 20 2016, 9:49 AM
The whole world is changing! There are 500 McDonalds in the United States that currently offer table service. The bring-your-burger-to-you trial has p...
Tue, Dec 20 2016, 8:37 AM
NOTE: This paragraph will be at the top of the Day Ahead for a few weeks. Once you've read it, feel free to skip it. The Day Ahead has long been my ...
Tue, Dec 20 2016, 5:28 PM
The holiday theme continued today, with bonds trading inside the range that's been intact since last week's Fed festivities.
As I'll likely ment...
Tue, Dec 20 2016, 4:01 PM
Mortgage rates are officially checked out for the holidays . Today marked the third straight day with very little change from the previous day's rates...
Mon, Dec 19 2016, 9:37 AM
Tis the season - for hearing from all the experts about what we can expect the coming year to bring. Today it is CoreLogic's Senior Vice President and...
Mon, Dec 19 2016, 9:28 AM
Post-election interest rate changes have considerably dampened mortgage lenders' expectations for mortgage demand. Fannie Mae's fourth quarter Mortgag...
Mon, Dec 19 2016, 9:07 AM
The cold temperatures sweeping the nation, especially in the Upper Plains, have plenty of folks wondering how Native Americans kept warm during the wi...
Mon, Dec 19 2016, 8:32 AM
NOTE: This paragraph will be at the top of the Day Ahead for a few weeks. Once you've read it, feel free to skip it. The Day Ahead has long been my ...
Mon, Dec 19 2016, 6:33 PM
There will definitely be a theme in the recap commentary for the rest of the year: holidays! It's hard to quantify exactly what the holiday season do...
Mon, Dec 19 2016, 5:00 PM
Mortgage rates stayed close to the highest levels in more than 2 years today, even though underlying bond markets left plenty of room for improvement....
Fri, Dec 16 2016, 11:09 AM
Housing starts retrenched in November , taking back much of their spectacular gains of October, while permits continued to display the general weaknes...
Fri, Dec 16 2016, 9:18 AM
The Fed reports US household net worth soared to a record $90.2 trillion in Q3, as the stock market jumped and housing prices increased. One group of ...
Fri, Dec 16 2016, 8:18 AM
NOTE: This paragraph will be at the top of the Day Ahead for a few weeks. Once you've read it, feel free to skip it. The Day Ahead has long been my ...
Fri, Dec 16 2016, 5:27 PM
"Holiday trading mode" doesn't guarantee uneventful, sideways bond market momentum, but it does up the chances. Actually, it's probably fairer to say...
Fri, Dec 16 2016, 4:40 PM
Mortgage rates stayed steady today, on average, though any given lender could be slightly better or worse compared to yesterday. Bond markets (which u...
Thu, Dec 15 2016, 11:56 AM
The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) soared by 7 points in December, reaching a level of 70, the highest r...
Thu, Dec 15 2016, 11:02 AM
Sorry for the delay on the morning commentary. As you can see, I had a lot on my mind. I also decided to go a different direction after reading the ...
Thu, Dec 15 2016, 9:24 AM
Both Freddie Mac and Fannie Mae will be rolling out a new foreclosure prevention programs next year to replace the expiring Home Affordable Mortgage P...
Thu, Dec 15 2016, 9:17 AM
As more people under the age of 30 enter residential lending, what is happening on the other end? Well, congrats to SunTrust's Elaine Lee who is retir...
Thu, Dec 15 2016, 6:56 PM
If you read anything I write today, make it The Day Ahead: The Death of a Long Term Trend; A Definitive Assessment.
If you want to read more, here'...
Thu, Dec 15 2016, 3:32 PM
Don't believe anything you read about mortgage rates today... well, except this . In fact, you're welcome to believe anything you read as long as it a...
Wed, Dec 14 2016, 9:45 AM
Under a final rule issued on Tuesday by the Federal Housing Finance Agency (FHFA) has set forth three underserved markets for activities the GSEs Fred...
Wed, Dec 14 2016, 9:30 AM
Happy 121416, by the way, in the United States. Plenty of potential home buyers are still paying rent . You’re probably working in an office where the...
Wed, Dec 14 2016, 8:36 AM
First thing's first: the Fed will almost certainly hike today. I suppose we can't ever be truly certain of a particular outcome of a Fed meeting, b...
Wed, Dec 14 2016, 8:09 AM
Mortgage applications were down across the board during the week ended December 9. The Mortgage Bankers Association (MBA) said that its Market Composi...
