Wed, Jun 22 2016, 3:05 PM
Mortgage rates were higher for a 4th straight day today. That is a bit of a puzzler at first glance because bond markets are showing improvements f...
Wed, Jun 22 2016, 2:28 PM
Distressed properties nationwide now
total significantly less than 3 million according to data released on Wednesday
by Black Knight Financial Ser...
Tue, Jun 21 2016, 10:45 AM
Today I am in Kansas City, where it is “only” 96 degrees. Phoenix hit 119 degrees this week. Let’s ask the folks over there what they think about hou...
Tue, Jun 21 2016, 8:51 AM
"Consolidation" would mean yesterday's high yields were a short-term ceiling
"Correction" would mean more pain for bond markets
Yellen speaks at...
Tue, Jun 21 2016, 4:03 PM
Treasuries and MBS spent most of morning in positive territory
Weakness kicked in during/after Yellen testimony
Markets were waiting for encore ...
Tue, Jun 21 2016, 2:36 PM
Mortgage rates remained under pressure today, moving up to the highest levels in two weeks. Financial markets are in the process of undoing some of...
Tue, Jun 21 2016, 2:15 PM
The biggest complaint in the spring homebuying season was simply that there weren't enough homes to buy. Demand is strong for housing, but listings ar...
Mon, Jun 20 2016, 12:23 PM
If you are looking for an upbeat assessment of
consumer sentiment regarding housing, a recent survey by the MacArthur
Foundation is not the place ...
Mon, Jun 20 2016, 10:40 AM
To start off the week, besides the first full moon on a summer solstice since 1967, here’s an interesting Bloomberg chart about the Federal governme...
Mon, Jun 20 2016, 8:32 AM
Bond markets begin week significantly weaker as global markets back down on 'Brexit' trades
10yr yields created a big gap from last week's levels
...
Mon, Jun 20 2016, 4:31 PM
Bond selling pressure followed-through from last week
Updated Brexit polls provided a tangible justification
Intangible math provided momentum (...
Mon, Jun 20 2016, 2:26 PM
Mortgage rates continued higher today, and at a quicker pace than the modest increase seen at the end of last week. Financial markets are undergoin...
Fri, Jun 17 2016, 10:38 AM
Residential construction data released this morning showed both housing starts and permits holding fairly steady in May compared to April, but while...
Fri, Jun 17 2016, 9:11 AM
There are plenty of owners remodeling their houses. (If you want to take the time, the National Association of Home Builders ranks the 25,000 ZIP code...
Fri, Jun 17 2016, 9:00 AM
Is it time to freak out?
No, not yet
Bond yields are at long term lows and that's both exciting and scary. It's exciting for obvious reasons...
Fri, Jun 17 2016, 4:23 PM
Today's pull-back really began yesterday, and involved stocks moving higher with bond yields
Momentum continued through the overnight session for...
Fri, Jun 17 2016, 3:06 PM
Mortgage rates moved higher today for the first time in nearly 2 weeks. After rising slightly on Monday June 6th, rates have been on a mission--mov...
Thu, Jun 16 2016, 10:31 AM
There was a flicker of life this month in the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). After spending fo...
Thu, Jun 16 2016, 10:03 AM
Purchase mortgages comprised 60 percent of all originations in April, the first time the purchase share has risen to this level since April 2015 . ...
Thu, Jun 16 2016, 10:00 AM
If you’re a loan officer and need some data for a presentation to some real estate agents, here’s a decent source. Using data collected by the U.S. Ce...
Thu, Jun 16 2016, 8:33 AM
Yesterday's FOMC Announcement was largely a diversion, but only because there happen to be more important things going on in the bigger picture. The ...
Thu, Jun 16 2016, 4:44 PM
Bonds rode overnight momentum to best levels in 3+ years
Stock selling is definitely part of the equation
Brexit drama now involves murder, whic...
Thu, Jun 16 2016, 3:59 PM
Mortgage rates moved lower today, largely because they needed to get caught up with yesterday afternoon's movement in bond markets. As a reminder, ...
Wed, Jun 15 2016, 10:25 AM
Fannie Mae's second quarter Mortgage Lender Sentiment Survey indicates that lenders are generally upbeat about the housing market. Respondents to the...
Wed, Jun 15 2016, 9:58 AM
The Fed’s latest report on household debt and credit finds US households owed $12.25 trillion at the end of the first quarter, up 1.1% from the end of...
Wed, Jun 15 2016, 9:17 AM
Bonds move up and down in small picture
In BIG picture, global race toward zero continues, as evidenced by past few days
Oh yeah... and the Fed ...
Wed, Jun 15 2016, 8:05 AM
Despite mortgage interest rates that continued to decline, in the case of FHA loans retreating to levels last seen in 2013, mortgage activity decreas...
Wed, Jun 15 2016, 4:52 PM
The Fed confirmed they had an eye on next NFP
rate hike outlook was downgraded, as was growth
They're concerned about confirmation of labor mark...
Wed, Jun 15 2016, 4:10 PM
Mortgage rates were unchanged today, despite the potential for volatility surround the Fed's rate announcement. No one expected the Fed to hike rat...
Wed, Jun 15 2016, 2:02 PM
(additions underlined, deletions struck-through)
For immediate release
Information received since the Federal Open Market Committee met in Marc...
Tue, Jun 14 2016, 10:19 AM
The Mortgage Bankers Association (MBA) is predicated a 6 percent decline in new home sales in May compared to April. The forecast is based on the a...
Tue, Jun 14 2016, 10:14 AM
"In about five years, I see myself with the same job title, about the same salary, and significantly more responsibilities." Time has a way of flying....
Tue, Jun 14 2016, 9:15 AM
I attended and spoke at the conference last week, and these are the top 15 takeaways for consumers and housing pros.
Tue, Jun 14 2016, 8:32 AM
If you were awake early enough this morning and wanted to mark history by paying the government of the world's largest economy for the right to lend m...
Tue, Jun 14 2016, 5:31 PM
10yr yields were as low as 1.567 early
Fannie 3.0s were as high as 103-04
Both were driven by Europe (sub-zero German 10yr) and both rebounded w...
Tue, Jun 14 2016, 5:14 PM
The national foreclosure inventory, homes somewhere in the process of foreclosure, along with other measures of housing distress, continued to decline...
Tue, Jun 14 2016, 4:34 PM
Mortgage rates were initially lower this morning as global bond yields continued to plumb record lows. There was widespread coverage in financial n...
Tue, Jun 14 2016, 2:40 PM
Most of the following is a condensed, informal, mental note-taking, but for those who don't even want to read that, here are the ultra condensed bul...
Mon, Jun 13 2016, 9:07 AM
The latest chapter for global bond markets began with the Fed's attempts in mid-May to 'convince' investors that they were serious about hiking rates ...
Mon, Jun 13 2016, 7:58 AM
Everyone's thoughts and prayers are with the victims of the horrible shooting in Orlando. But yes, Father's Day is coming up, and the first presidenti...
Mon, Jun 13 2016, 5:35 PM
European bonds did not lead the way lower for a change
But European (and domestic) stock markets sure did
10yr yields fell 3.1 bps to 1.613 as S...
Mon, Jun 13 2016, 4:25 PM
Mortgage rates haven't moved too much recently, and no one is complaining. While each of the past 5 days has only seen a modest drop in rates, they...
Mon, Jun 13 2016, 3:45 PM
Not only is student loan debt delaying first-time homebuyers, it is delaying them for a long time.
Seventy-one percent of non-homeowners with debts...
Fri, Jun 10 2016, 10:08 AM
For laughs all you have to do is read the news, and this story will fit right in with anyone’s 5th grade sense of humor. The Union Recorder reports on...
Fri, Jun 10 2016, 9:18 AM
10yr yields officially closed below 2016's range boundary yesterday
Today beginning in even stronger territory
Looking at other markets, this o...
Fri, Jun 10 2016, 5:49 PM
Brexit leads European panic
European panic leads bond yields lower
Europe gets their fill just after 10am and markets reverse
US bond markets...
Fri, Jun 10 2016, 5:01 PM
Mortgage rates crept just barely lower today, but it was enough to leave the average lender's rate sheet in its best shape since May of 2013. (At t...
Thu, Jun 9 2016, 10:19 AM
Negative equity continued to decline in the first quarter of 2016. CoreLogic said today that 268,000 homeowners regained an equity position in their ...
Thu, Jun 9 2016, 10:15 AM
Today I am in Albany for the NY MBA conference , but yesterday I was in Las Vegas with its hordes of retirees. People who say they want to live to be...
Thu, Jun 9 2016, 9:28 AM
European bond buying failed to provide a big boost yesterday
Bonds instead getting a boost today, right out of the gate, but not exclusively from E...
