Thu, Jun 9 2016, 5:28 PM
MBS ended 1 tick lower, but apart from yesterday, it tied the best closing levels in more than a year
10yr yields ended at 1.682, 2.2bps lower
E...
Thu, Jun 9 2016, 4:18 PM
Mortgage rates moved slightly lower today, bringing them to levels seen only one other time in the past 3 years. Even then, that "other time" was o...
Wed, Jun 8 2016, 10:09 AM
With mortgage interest rates generally down since the end of last year CoreLogic's principal economist Molly Boesel took a crack this week at figuring...
Wed, Jun 8 2016, 10:05 AM
While consumers are still conflicted about whether it is still a good time to buy or to sell, their perceptions about financial aspects of their liv...
Wed, Jun 8 2016, 9:45 AM
Mortgage bank profits increased substantially in the first quarter of the year compared to the last quarter of 2015 the Mortgage Bankers Association...
Wed, Jun 8 2016, 9:13 AM
In reviewing Fannie MORA and Freddie CORE reviews it's clear that seller/servicers continue to struggle with establishing and implementing an internal...
Wed, Jun 8 2016, 8:46 AM
The Mortgage Bankers Association (MBA) reported another of those holiday-centered weeks of mortgage application activity where it is anyone's guess ...
Wed, Jun 8 2016, 8:40 AM
The last time the European Central Bank officially embarked on a big bond buying campaign, we were a few months into 2015 and US rates had already b...
Wed, Jun 8 2016, 5:12 PM
10yr yields hit 1.697 today, matching last Friday's best levels--the lowest since April 7th
Less than 2bps of movement all day though!
Fannie 3....
Wed, Jun 8 2016, 4:40 PM
Mortgage rates barely budged, yet again today. But that's not such a bad thing considering they are very close to 3-year lows. On top of that, amo...
Tue, Jun 7 2016, 10:43 AM
The second of the major home price estimates for April was released by CoreLogic on Tuesday and tracks, on an annual basis, closely with the first, re...
Tue, Jun 7 2016, 10:13 AM
Welcome to a day of primary elections in New Jersey, Montana, New Mexico, South & North Dakota…and California. As one pundit pointed out, “The problem...
Tue, Jun 7 2016, 9:42 AM
Bonds have maintained long-term consolidation trend almost all year
We have yet to see a meaningful attempt to break out
But such an attempt mus...
Tue, Jun 7 2016, 5:25 PM
10yr German Bunds hit 0.048 today
Tomorrow marks inception of Europe's corporate bond buying program
US bond markets rallied during European hou...
Tue, Jun 7 2016, 4:49 PM
Mortgage rates were sideways to slightly lower today, keeping them in line with the lowest levels in more than three years. While there are a few a...
Mon, Jun 6 2016, 9:45 AM
Uh oh: New York state’s financial regulator sent a letter to 28 fin tech companies seeking information about their online lending activities. But ...
Mon, Jun 6 2016, 9:36 AM
Very light economic calendar this week
Fed Announcement next week
Yellen speaks later today (jobs data will invariably come up)
bond yields a...
Mon, Jun 6 2016, 5:17 PM
Bonds slightly weaker for no overt reasons
Yellen speech hotly anticipated and quickly overlooked
Taken together with Friday's gains, today mean...
Mon, Jun 6 2016, 4:48 PM
Mortgage rates moved slightly higher today, erasing only some of the massive improvements seen after last Friday's jobs report. In general, most le...
Mon, Jun 6 2016, 2:12 PM
Delinquencies on home equity lines of credit (HELOCs) have increased on an annual basis twice in the six months ended in March according to Black Knig...
Fri, Jun 3 2016, 9:41 AM
“Rob, do you know of any banks looking to buy pools of home equity lines of credit?” Ah, the Holy Grail for plenty of non-bank lenders. You can check ...
Fri, Jun 3 2016, 8:17 AM
Strong, stable payroll growth is old news. Yet another NFP reading north of 150k or another 5%-ish unemployment reading are just a few more bricks in...
Fri, Jun 3 2016, 4:35 PM
Jobs reports generally don't move markets any more
But they do when they're this far from the forecast
NFP came in at 38k vs 164k
This adds t...
Fri, Jun 3 2016, 3:09 PM
Friday's disappointing jobs report is likely an anomaly, but it was bad enough to wipe out any chance that the Federal Reserve will raise interest rat...
Fri, Jun 3 2016, 2:29 PM
Mortgage rates plummeted today, relatively speaking, fully erasing the damage done 2 weeks ago after the Fed Minutes sent rates higher at the fastes...
Thu, Jun 2 2016, 10:20 AM
What do buyers worry about as they shop for a home? It turns out one growing concern is other buyers like them.
A Redfin survey of nearly 1,000 ...
Thu, Jun 2 2016, 10:08 AM
Mortgage credit access continued to inch down in May. The Mortgage Bankers Association said its Mortgage Credit Availability Index (MCAI) decreased t...
Thu, Jun 2 2016, 9:53 AM
Last night in Texas I had dinner with Seattle AE Bryson Bede and regional manager Dennis Waller from Parkside Lending. The discussion was focused ...
Thu, Jun 2 2016, 8:19 AM
ADP data rescheduled for today
ECB Press Conference on tap
Not much else by way of data
Slow trickle of gains makes for potential momentum sh...
Thu, Jun 2 2016, 4:30 PM
Bonds rallied on rate-friendly press conference from European Central Bank
Gains subsided as Europe closed
Bounce in oil and stocks may have con...
Thu, Jun 2 2016, 3:21 PM
Mortgage rates rose modestly today, despite improvements in underlying bond markets. This was in line with our discussion about "the catch" associa...
Wed, Jun 1 2016, 10:50 AM
Construction spending continued to disappoint in April, but unlike in the preceding three months, residential construction also declined. The Census...
Wed, Jun 1 2016, 9:53 AM
How high is too high? When it comes to home prices the wounds left from the Great Recession make this question an important one. Amidst that event, ...
Wed, Jun 1 2016, 9:36 AM
Fed Chair Janet Yellen appears to be doing her part to warn the markets that the odds of a short-term rate hike in the next few months are pretty goo...
Wed, Jun 1 2016, 8:21 AM
Applications for mortgages slowed appreciably during the week ended May 27 and average mortgage rates scattered in all directions. The Mortgage Ban...
Wed, Jun 1 2016, 8:20 AM
Yesterday was tense at moments, with several attempts made to break the range
Not only did the range hold, but we quickly moved back to the other s...
Wed, Jun 1 2016, 4:44 PM
Bond markets stronger overnight
New 2-week lows in 10yr yields, but weaker bounce after ISM
Biggest issue with ISM was Prices Paid (63.5 vs 59.8...
Wed, Jun 1 2016, 3:49 PM
Mortgage rates fell to their lowest levels in roughly two weeks this morning. That's a seemingly positive statement, but while it's true, there are...
Tue, May 31 2016, 10:42 AM
The annual pace of price gains nationally slowed slightly in March according to the S&P Case-Shiller National Home Price Index. The 10- and 20-City C...
Tue, May 31 2016, 10:17 AM
Research by the EBRI on retirement finds while 67% of workers plan to work for pay in retirement, only 27% of retirees do so. Of the retirees who work...
Tue, May 31 2016, 8:29 AM
Last week's moderate resilience could have been temporary due to 'month-end'
This could also help today, to some extent
If it doesn't, it's the ...
Tue, May 31 2016, 5:05 PM
Bonds opened weaker as Yellen's Friday comments reverberated
data was largely ignored
Bonds rallied after Brexit poll and technical ceiling in 1...
Tue, May 31 2016, 3:42 PM
Mortgage rates were generally unchanged to begin the short work-week for financial markets, though that wasn't the case at first. Earlier this morn...
Fri, May 27 2016, 12:48 PM
Mortgage rates were sideways to slightly lower today, depending on the lender. Financial markets closed early for Memorial Day weekend, and will be...
Fri, May 27 2016, 10:01 AM
Do you think your company’s computer system is immune from hacking? It’s not a matter of “if” but “when” – just ask Equifax about its data breaches...
Fri, May 27 2016, 8:27 AM
GDP at 8:30am won't matter
Consumer Sentiment at 10am won't matter
Yellen at 10:30am (and 1:15pm) won't matter
All of the above--but especial...
Fri, May 27 2016, 2:05 PM
GDP was +0.8 vs +0.9 forecast this morning
Consumer Sentiment was 94.7 vs 95.4
Inflation expectations were the lowest since 2010
But markets ...
Thu, May 26 2016, 10:48 AM
Home prices appreciated in the first quarter of 2016 by 1.3 percent compared to the fourth quarter of 2015. The Federal Housing Finance Agency (FHFA)...
Thu, May 26 2016, 10:45 AM
This morning's strong pending home sales report was the third upbeat April housing indicator. The National Association of Realtors® (NAR) said its P...
Thu, May 26 2016, 10:23 AM
According to Reuters, the NY state financial regulator is gearing up to launch an investigation into the entire online lending industry . (The regu...
