Tue, Jul 5 2016, 10:13 AM
Last week we noticed that Ginnie Mae volumes had passed Freddie Mac , so the absence of big banks doing that business was certainly taken up by non...
Tue, Jul 5 2016, 9:36 AM
Global yields begin week at new all-time lows
Underlying reasons haven't changed
What ends this?
If you only look at the US as a represent...
Tue, Jul 5 2016, 4:00 PM
10yr yields traded well into the 1.3's, surpassing previous low of 1.381
No specific motivation at home or abroad, though there are several support...
Tue, Jul 5 2016, 3:05 PM
Mortgage rates dropped noticeably today, bringing quite a few lenders down to 3.25% in terms of conventional 30yr fixed quotes on top tier scenarios...
Fri, Jul 1 2016, 11:28 AM
Investors who purchase distressed loans through the FHA's Distressed Asset Stabilization Program (DASP) are going to have to toe a stricter line w...
Fri, Jul 1 2016, 11:24 AM
The Fourth of July is Monday...the date of the Declaration of Independence (quibble all you want about late signers); the next commentary will be Tues...
Fri, Jul 1 2016, 9:58 AM
10yr yield hit 1.382 overnight
All-time low was 1.381 in July 2012
Welcome to the New Normal
We had a great discussion in the live chat on...
Fri, Jul 1 2016, 3:50 PM
Strong overnight pop in Treasuries, ECB headlines cited
Record low 30yr bond yield and near-record low in 10yr yield
Bonds lost ground after Eur...
Fri, Jul 1 2016, 1:39 PM
Mortgage rates fell moderately today, adding a 6th day to a winning streak that began with last week's Brexit news and bringing rates right to the b...
Thu, Jun 30 2016, 10:34 AM
The last day of June, and 2016 half over? How did that happen? (Regarding time flying Linda B. writes, “Thank the Good Lord, I am Benjamin Button.”) J...
Thu, Jun 30 2016, 9:09 AM
Bonds remain generally strong despite yesterday's losses
There continues to be a good line in the sand that can warn against a bigger shift
Furt...
Thu, Jun 30 2016, 6:41 PM
Bonds bounced back as month-end buying hit its stride
Second wind came from Bank of England comments on likely stimulus
Yields bounced higher...
Thu, Jun 30 2016, 2:26 PM
Mortgage rates trickled slightly lower today, technically taking them to another in a string of 3-year lows over the past 2 weeks. The most recent,...
Wed, Jun 29 2016, 12:06 PM
Pending home sales hit the skids in May, following three
straight months of increases. The
National Association of Realtors® (NAR) said that its ...
Wed, Jun 29 2016, 9:58 AM
Huh? People burned while walking across fire at a Tony Robbins event in Texas? Imagine that! Speaking of incendiary activities, an amendment passe...
Wed, Jun 29 2016, 9:32 AM
Woops! I gave away the formula for 99% of any market analysis over the past week, but I have ...
Wed, Jun 29 2016, 8:00 AM
Mortgage application activity was down across the board during the week ended June 24. The Mortgage Bankers Association (MBA) reports that its Market...
Wed, Jun 29 2016, 4:45 PM
Bonds continued holding ultra-narrow post-Brexit range until 3pm
At that point, Treasuries spiked aggressively and MBS eventually followed
Initi...
Wed, Jun 29 2016, 4:09 PM
Mortgage rates were roughly unchanged today, on average, with some lenders showing slight improvements while others moved just a bit higher. Even o...
Wed, Jun 29 2016, 2:16 PM
Baby Boomers, even as they age, continue to have an outsized impact on the housing market. Freddie Mac recently conducted a large survey of those o...
Wed, Jun 29 2016, 2:04 PM
Freddie Mac says that the housing market as a whole in the U.S. is on the outer range of its historic benchmark level of housing activity. The spri...
Tue, Jun 28 2016, 10:35 AM
Both S&P/Case-Shiller and Black Knight Financial Services report that home prices continued to rise in April. Their numbers, while covering different...
Tue, Jun 28 2016, 10:21 AM
How could it have been 30 years since everyone was watching “Top Gun” in the theaters? Yes, time flies, and before you know it, well, you’re old. Wher...
Tue, Jun 28 2016, 9:09 AM
Bond rallies don't last forever
2 ways for rates to move higher: temporary, nominal corrections, and full-scale reversals
Here's one easy way to...
Tue, Jun 28 2016, 5:12 PM
Bond markets grudgingly gave up some gains, but only relative to previous close
Relative to yesterday's average trading levels, today was flat
N...
Tue, Jun 28 2016, 4:47 PM
Freddie Mac says that the trend toward increasing levels of cash out refinancing paused during the first quarter of 2016. The share of refinancing ...
Tue, Jun 28 2016, 3:28 PM
Mortgage rates fell modestly today despite some weakness in underlying bond markets. Typically, when bond yields (which move inversely with bond pr...
Mon, Jun 27 2016, 10:12 AM
Everyone is talking about the future of the European Union. Tad Dahlke sends, “Brexit to be followed by Grexit, Departugal, Italeave, Fruckoff, Czech...
Mon, Jun 27 2016, 9:45 AM
Oftentimes, a massive surge to long-term lows is met with a quick snap back to the safety of the previous range. So far, the current massive surge is...
Mon, Jun 27 2016, 4:53 PM
Brexit fallout continues. That's really all we got
Fortunately, that's a huge positive for bond markets
10yr yields dropped more than 10bps
...
Mon, Jun 27 2016, 4:21 PM
Mortgage rates move lower again today following last week's Brexit headlines (the U.K.'s vote to leave the European Union). Indeed it's hard to tur...
Mon, Jun 27 2016, 4:04 PM
Will the homeownership rate fall below 50 percent? Not a question most housing industry stakeholders want to think about, but some analysts are spec...
Fri, Jun 24 2016, 12:20 AM
FOLLOW THE LATEST BREXIT UPDATES on MBS LIVE with FREE TRIAL CODE: BREXIT
So what are we seeing? At this point, most major media outlets a...
Fri, Jun 24 2016, 11:24 AM
After two years of supervision and examinations of mortgage
servicers by the Consumer Financial Protection Bureau (CFPB) the agency has criticized
t...
Fri, Jun 24 2016, 11:17 AM
At Happy Hour tonight, besides talking about refis, you can throw this one out: the number of homes worth $1 million has doubled in the last 4 years ...
Fri, Jun 24 2016, 9:25 AM
For a variety of reasons and for more than a year, the MBS Live community and I have periodically revisited the general topic of a "brave new world." ...
Fri, Jun 24 2016, 4:32 PM
10yr yields were as low as 1.406 overnight, but moved up to the mid 1.5's by the close
MBS were up nearly 7/8ths of a point at their best, but will...
Fri, Jun 24 2016, 1:04 PM
Mortgage rates plummeted today following the surprise victory of the referendum for the U.K. leaving the European Union (aka "Brexit"). This joins ...
Thu, Jun 23 2016, 11:00 AM
New home sales dropped back in May after a reported 16.6
percent surge the previous month, an increase that was revised down from what
was first r...
Thu, Jun 23 2016, 10:04 AM
Jobs and housing make up the lion’s share of our economy, and the two intersect when a house is being built. But what is the exact impact? For any LO ...
Thu, Jun 23 2016, 8:30 AM
2 more Brexit polls out overnight. Both leaning toward "remain"
"Remain" = terrible for bond markets
More polls and possibly even some early re...
Thu, Jun 23 2016, 3:56 PM
Bonds bumped higher in yield by Brexit polls overnight
Brexit vote is ongoing and results won't be final until early tomorrow morning
No impact ...
Thu, Jun 23 2016, 3:39 PM
A third of home sales in March were all-cash
transactions according to CoreLogic.
This was a decrease of 2.8 percentages points, the company termed...
Thu, Jun 23 2016, 3:07 PM
Mortgage rates moved higher for the 5th day in a row as financial markets prepare for the results of the U.K. referendum on its European Union membe...
Wed, Jun 22 2016, 11:05 AM
The median price of an existing home reached an
all-time high in May and sales hit their highest pace in nearly a decade . The National Association...
Wed, Jun 22 2016, 11:03 AM
I've mentioned the upcoming changes to the 1003 form, the Uniform Residential Loan Application, and mentioned that the "target implementation date is ...
Wed, Jun 22 2016, 10:27 AM
The pace of home price increases, at least for purchases financed by Fannie
Mae and Freddie Mac, slowed in April, falling below even the most modest...
Wed, Jun 22 2016, 9:12 AM
Yellen's congressional testimony moves to House Financial Services Committee--always a "good show."
Bond markets consider leveling-off ahead of Bre...
Wed, Jun 22 2016, 8:11 AM
Refinancing gained ground as interest
rates fell during the week ended June 17.
The Mortgage Bankers Association (MBA) reported that refinancing
...
Wed, Jun 22 2016, 4:04 PM
Bonds make token gains ahead of Brexit day
Brexit poll and Treasury auction helped
But trading levels are still well above "the gap" set on Mond...
