Thu, May 26 2016, 10:13 AM
The nation's housing market continues to improve and the spring home buying season appears to be off to a strong start according to a Freddie Mac re...
Thu, May 26 2016, 9:02 AM
Less about data and more about Fed outlook
3.5-day weekend is also a consideration for tradeflows
2 distinct options correspond to holding vs b...
Thu, May 26 2016, 5:59 PM
Early month-end trading environment provided constant support
Strong Durable Goods headline didn't matter
gains were linear into the noon hour, ...
Thu, May 26 2016, 5:23 PM
Mortgage rates moved modestly lower today. Given that rates had spiked last Wednesday and haven't moved too much since then, today's improvement wa...
Wed, May 25 2016, 9:20 AM
The Urban Institute says one solution to the nation's high rental costs is an old one, but financing may be making it unnecessarily inaccessible. L...
Wed, May 25 2016, 9:11 AM
It is hard to trace what happens to the fines levied against company by various regulators seeking to make a name for themselves. But one agency is a ...
Wed, May 25 2016, 9:02 AM
Today brings 5yr Treasury auction = "supply pressure"
Technical analysis is still negative
Still, we can hope to get lucky with help from 'mont...
Wed, May 25 2016, 7:58 AM
Mortgage applications increased last week driven by a significant uptick in applications for purchase mortgages. Refinance volume rose only fraction...
Wed, May 25 2016, 4:34 PM
Bonds have been sideways to slightly weaker since last week's FOMC Minutes
Markets not only coming to terms with increased June/July rate hike odds...
Wed, May 25 2016, 4:12 PM
Mortgage rates didn't move much today, depending on the lender. Most of the movement seen was toward slightly higher levels. The bond markets that...
Tue, May 24 2016, 10:34 AM
New home sales surged in April after a disappointing report in March. The Census Bureau and the Department of Housing and Urban Development said toda...
Tue, May 24 2016, 10:29 AM
CoreLogic has looked at an apparent contradiction in purchase loan originations that has emerged since the housing bubble burst. Why, CoreLogic econo...
Tue, May 24 2016, 9:56 AM
What do banks have that non-bank residential lenders don’t? The fifth annual “State of Financial Marketing” survey conducted by The Financial Brand ...
Tue, May 24 2016, 9:11 AM
Bonds continue sideways grind in bigger picture
Lots of focus remaining on Oil prices in news and analytical community
Is it justified?
As...
Tue, May 24 2016, 5:37 PM
Bonds were weaker throughout European hours (3am to 1pm)
Stock prices moved significantly higher and were well-correlated with bond losses
10yr ...
Tue, May 24 2016, 5:08 PM
Mortgage rates were mixed today, depending on the lender. Some lenders adjusted rates higher in the middle of the day to reflect bond market weakne...
Mon, May 23 2016, 10:03 AM
Apparently the foreclosure crisis is no longer particularly newsworthy . We conclude that because, for the first time in recent memory, RealtyTrac, ...
Mon, May 23 2016, 9:50 AM
My memory's not as sharp as it used to be. Also, my memory's not as sharp as it used to be. The Bureau of Labor Statistics reports nearly 20% of Ameri...
Mon, May 23 2016, 9:43 AM
After 2012, low rates in US have followed Europe
Even then, US rates have set their own limits
Now we're bouncing along those limits again and '...
Mon, May 23 2016, 5:18 PM
The title says it all
Overnight session was calm
European bonds were weaker at the close, putting pressure on US bond markets
Bonds bounced b...
Mon, May 23 2016, 4:48 PM
Mortgage rates were relatively steady again , marking the third straight business day with almost no rate movement following last week's quick spike ...
Fri, May 20 2016, 10:57 AM
The National Association of Realtors® (NAR) said today that existing home sales sustained their recent momentum into April and rose 1.7 percent comp...
Fri, May 20 2016, 10:26 AM
Regarding this week’s MBA Secondary Marketing conference Marcus Lam with Opes Advisors writes, “Obviously this is not the most important thing, but ...
Fri, May 20 2016, 9:14 AM
It is the bigger picture, as opposed to day-to-day minutia that will drive trading momentum
Trading levels and technicals suggest an utterly indeci...
Fri, May 20 2016, 5:22 PM
A decrease in cash sales in February put 2016 on track to have the lowest share of such transactions in eight years. CoreLogic said that all cash purc...
Fri, May 20 2016, 5:04 PM
One of the most anticlimactic days in recent memory
bonds did nothing other than shuffle through some incidental 'housekeeping' trades
yields cl...
Fri, May 20 2016, 4:28 PM
Mortgage rates held mostly steady today, as some lenders were just barely higher and others slightly lower than yesterday's latest levels. With tha...
Thu, May 19 2016, 9:54 AM
Zombie foreclosures, those in which the properties become vacant before the legal process is complete, are down 36 percent in the current quarter co...
Thu, May 19 2016, 9:50 AM
Loan closing timelines in April remained at the recent low levels established the previous month according to Ellie Mae's new Origination Insight R...
Thu, May 19 2016, 9:48 AM
Tomorrow is Bike to Work Day. My cat Myrtle isn’t a big fan, especially when the sedative wears off and she realizes that she’s in an old milk crate w...
Thu, May 19 2016, 8:53 AM
Yesterday was a wake-up call, forcing us to think about defense vs offense
Shorter term trends already under attack
longer term trends aren't to...
Thu, May 19 2016, 4:54 PM
Bonds undergo token correction after yesterday's rout
technicals remain precarious
Fed speeches were in focus, but turned out to be fairly non...
Thu, May 19 2016, 3:34 PM
Mortgage rates bounced back today, to some extent, after rising at the fastest pace in more than 3 months yesterday. Most of yesterday's damage rem...
Wed, May 18 2016, 9:06 AM
Just looking at 10yr or MBS doesn't paint too much of a picture
But when we compare longer-term with shorter-term debt, things become clear
Bond...
Wed, May 18 2016, 7:56 AM
Here in New York the airplanes will be filled with capital markets staff and CEOs heading home from the MBA’s conference. More observations tomorrow.....
Wed, May 18 2016, 7:44 AM
Both mortgage applications and interest rates were essentially directionless during the week ended May 13. The Mortgage Bankers Association said it...
Wed, May 18 2016, 5:02 PM
Anxiety was growing yesterday about the Fed Minutes surprising
Bonds weakened
The Fed Minutes surprised
Bonds weakened some more
This coul...
Wed, May 18 2016, 4:29 PM
Mortgage rates skyrocketed today, relative to their recent average daily movement, following the release of the Minutes from the most recent Fed mee...
Wed, May 18 2016, 4:02 PM
As Fannie Mae did earlier in its May Economic Summary, Freddie Mac today downgraded its outlook for economic growth for the remainder of 2016. And ...
Wed, May 18 2016, 3:57 PM
Fannie Mae has again downgraded expectations for economic growth in 2016. Doug Duncan, senior vice president and chief economist and the ESR Macroeco...
Tue, May 17 2016, 10:09 AM
Permits for residential construction reversed a four-month slide in April and housing starts bounced back from a sharp March decline. The increases ...
Tue, May 17 2016, 8:59 AM
Here’s something the funders can try in the lunch room today: bet a shipper that they can't catch a dropped dollar bill with their fingers.
Last ...
Tue, May 17 2016, 8:22 AM
"Bad" is a relative term, but momentum may be shifting
Today's trading will be pivotal in determining that
The stakes are not too high, for now ...
Tue, May 17 2016, 5:34 PM
2 things: tomorrow's FOMC Minutes and Today's Dell corporate bond
Both put pressure on bond markets
majority of weakness was in afternoon ...
Tue, May 17 2016, 4:37 PM
Mortgage rates moved higher today as investors sold assets ahead of tomorrow's Fed Minutes. Asset prices move lower when sellers outweigh buyers, a...
Mon, May 16 2016, 10:38 AM
The index that measures builder confidence in the new home market was unchanged in May for the fourth straight month the National Association of H...
Mon, May 16 2016, 9:22 AM
The European Central Bank has been collecting data on cyber-instances at 18 major banks as part of a pilot program that will be expanded to other le...
Mon, May 16 2016, 9:03 AM
Bonds have stayed strong, despite apparent headwinds
Technicals suggest we're due for a bounce
Such a bounce could still be part of a broader, p...
Mon, May 16 2016, 5:22 PM
Despite a mortgage lending environment that is both the most conservative and safest we have ever seen, David H. Stevens. President and CEO of the Mor...
Mon, May 16 2016, 5:20 PM
Bond markets began in slightly weaker territory and kept losing ground
Most of the losses were in by 10am as corporate issuance became the trade...
