Mon, Aug 22 2016, 4:14 PM
Mortgage Rates were almost imperceptibly lower today, although underlying bond markets improved more noticeably. Why would rates not be more improved ...
Mon, Aug 22 2016, 2:16 PM
Mortgage delinquencies rose slightly in July; a change Black Knight Financial Services sees as seasonal. The number of mortgages that were 30 or more ...
Mon, Aug 22 2016, 1:51 PM
While the numbers remain small, the National Association of Home Builders (NAHB) notes there is a slowly increasing trend of single-family homes being...
Fri, Aug 19 2016, 11:22 AM
Fannie Mae said it is maintaining its forecast for 2016's GDP at the same 1.8 percent it forecasted in July despite the fact second quarter growth cam...
Fri, Aug 19 2016, 11:08 AM
In case it comes up at Happy Hour tonight, how are things working out in Japan? “The Bank of Japan, already a top-five owner of 81 companies in Japan’...
Fri, Aug 19 2016, 9:03 AM
Yesterday's recap signed off with the following thought: "no data on tap for tomorrow [in reference to today], the trading range should be as good a g...
Fri, Aug 19 2016, 4:10 PM
As the attached video suggests, "red happens." It really does! After all, if you were the puppet-master behind rate movement, and if you'd decided...
Fri, Aug 19 2016, 3:09 PM
Mortgage Rates moved modestly higher today , but remain in an excruciatingly narrow range in the bigger picture. Actually, there's nothing too excruci...
Thu, Aug 18 2016, 12:39 PM
Origination closing rates reached their highest levels of the year in July according to Ellie Mae's Origination Insight Report. The closing or pull-th...
Thu, Aug 18 2016, 9:26 AM
There are two and a half weeks before Labor Day, the traditional end of summer. For those out and about, and who like ice cream, MM sent along a list ...
Thu, Aug 18 2016, 9:20 AM
Picture it: a smoky lounge, the vaguely distinctive clinking of ice cubes in cocktail glasses, a mellow jazz band, and a tantalizing performance of "...
Thu, Aug 18 2016, 5:37 PM
Today was one of the many summer trading sessions that you wouldn't miss if it never happened . Bond markets ended up making modest gains after the ...
Thu, Aug 18 2016, 3:27 PM
Mortgage Rates continued avoiding drama today, moving moderately lower as bond markets held on to gains that followed yesterday's Fed Minutes. As we d...
Wed, Aug 17 2016, 11:42 AM
Touting its record of on-target estimate, CoreLogic has again anticipated the official conclusions about 2015 mortgage originations in advance of the ...
Wed, Aug 17 2016, 11:38 AM
Want to comment on TRID & Reg. Z? Click on the " How to Comment " button. Better to do it now, good or bad, than to complain about it after the commen...
Wed, Aug 17 2016, 9:37 AM
With no significant data set for this morning, markets' attention will be fully turned to this afternoon's FOMC Minutes release. The Minutes provid...
Wed, Aug 17 2016, 8:26 AM
Despite persistently low rates, consumers are not feeling too motivated to apply for home loans. The Mortgage Bankers Association said mortgage applic...
Wed, Aug 17 2016, 3:47 PM
Surprise surprise! The range is still the range for bond markets and mortgage rates. Yesterday's tough talk from Fed Presidents Dudley and Lockhar...
Wed, Aug 17 2016, 3:11 PM
Mortgage Rates were sideways to slightly higher today, although some lenders offered modest improvements after the release of the Minutes from the mos...
Tue, Aug 16 2016, 9:56 AM
Housing starts rose in July while permits fell from the previous month's rate for the third consecutive time. Both indicators, however, regained a pos...
Tue, Aug 16 2016, 9:35 AM
Only two weeks until Labor Day? How did that happen? Will AIG and Arch MI figure out which reps have which territories after the purchase of UG goes t...
Tue, Aug 16 2016, 8:30 AM
We've recently seen a refreshing reconnection between bond markets and economic data. I say "refreshing" because the classic connection between str...
Tue, Aug 16 2016, 3:48 PM
There's something that's just too fun about entertaining conspiracy theories --especially when it comes to the Fed's rhetorical platform. Take for i...
Tue, Aug 16 2016, 2:59 PM
Mortgage Rates were sideways to slightly higher today, depending on the lender. Several lenders issued mid-day reprices as bond yields moved higher th...
Mon, Aug 15 2016, 10:32 AM
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) improved slightly in August, but remained within the narrow ra...
Mon, Aug 15 2016, 10:31 AM
“Rob, are we heading back to loans with LTVs greater than 100%?” I doubt it, but certainly there are some high LTV programs out there, over and above ...
Mon, Aug 15 2016, 9:27 AM
If you're on the very youngest fringe of the mortgage market participant age range, you might know what a "meme" is. And if you're up to speed on anc...
Mon, Aug 15 2016, 4:15 PM
Strong home sales, near-historic low interest rates, a burst of refinancing, and continued home price growth are moving Freddie Mac's economic team to...
Mon, Aug 15 2016, 3:50 PM
Sure, we've 'endured' the rigors of a day-to-day ups and downs in bond markets over the past month, but if we step back from the charts by more than a...
Mon, Aug 15 2016, 3:01 PM
In addition to writing about mortgage rates , I also follow and analyze the underlying bond markets. Early on in that endeavor, one of my favorite phr...
Fri, Aug 12 2016, 3:20 PM
In the middle of a prolonged period of negative real interest rates and loose monetary policy aimed at managing inflation and helping economies, fears...
Fri, Aug 12 2016, 12:43 PM
The following is a true story (though the names have been changed to protect privacy) of how Carey and Jan bought their new home despite no down payme...
Fri, Aug 12 2016, 9:56 AM
Loan officers are very interested in guidance on things like Disparate Treatment and Disparate Impact. What would happen if an originator offered a di...
Fri, Aug 12 2016, 9:08 AM
By Wednesday of this week, we were assessing the possibility of a positive break of the range in bonds. Yesterday, those hopes were dashed by a fai...
Fri, Aug 12 2016, 4:23 PM
Today was another nice, simple day for bond markets. Yields entered the domestic session slightly lower, thanks to weak data overseas. Even then, ...
Fri, Aug 12 2016, 3:37 PM
Just a day after bouncing firmly higher from the lowest levels in a month, mortgage rates are right back down to the bottom of the recent range. For s...
Thu, Aug 11 2016, 12:34 PM
The delinquency rate for mortgages on one-to-four residential properties fell in the second quarter of 2016 to its lowest rate in exactly ten years wh...
Thu, Aug 11 2016, 11:46 AM
There has been a lot of focus in recent years on two topics; the gradual but steady decline in the homeownership rate and the huge Millennial generati...
Thu, Aug 11 2016, 9:52 AM
The Mortgage Bankers Association is forecasting that new home sales in July were down by 8 percent compared to June. Sales during the month will surpa...
Thu, Aug 11 2016, 9:49 AM
As the productivity of the male part of our industry grinds to a screeching halt due to looking up “Beach volleyball cheerleaders” on Google Images, I...
Thu, Aug 11 2016, 9:41 AM
In July 2012 and July 2016, 10yr yields visit to all time lows was cordoned-off fairly neatly by yields in the 1.50-1.52 neighborhood. We've been t...
Thu, Aug 11 2016, 3:59 PM
Coming into today, bond markets were amped up. UK 10yr yields hit new all-time lows yesterday. German 10yr yields were close to hitting all-time l...
Thu, Aug 11 2016, 3:25 PM
Mortgage rates bounced higher today , after 2 solid days of improvement. In the bigger picture, rates are still closer to the lowest levels of the pas...
Wed, Aug 10 2016, 9:41 AM
It would be interesting to find out the last time some political candidate wasn't on the front page of all the major newspapers. What did we talk abou...
Wed, Aug 10 2016, 9:21 AM
A slight downturn in mortgage interest rates during the week ended August 5 was more than matched by a surge in mortgage activity. Once again it was r...
Wed, Aug 10 2016, 9:04 AM
First off, let's cover the huge drop in MBS prices overnight. Fannie 3.0s, for instance, closed at 103-29 and then began today at 103-23--all this de...
Wed, Aug 10 2016, 5:12 PM
Bonds strong overnight with more help from Europe
10yr Auction strong this afternoon with massive foreign support
1.52-1.62 range in 10yr yields...
Wed, Aug 10 2016, 4:27 PM
Mortgage rates improved again today , bringing them back in line with the lowest levels of the month. Considering that today is only the 10th day of t...
Wed, Aug 10 2016, 3:18 PM
Homebuyers and sellers are both apparently finding discounts and rebates readily available in the real estate world. Redfin, the Seattle-based real es...
Wed, Aug 10 2016, 3:15 PM
Instead of writing off citizens in their golden years - or in this case semi-golden - Dave Lowman suggests lenders view them as a business opportunity...
