Tue, May 3 2016, 10:02 AM
Bond markets threatened to bounce weaker yesterday
concern was that new month tradeflows were just the start of more selling
hope was that it ...
Tue, May 3 2016, 5:01 PM
Mortgage rates moved lower again today as stock markets tumbled. The weakness in stocks was led by the European banking sector with several big n...
Tue, May 3 2016, 5:01 PM
Gains were intact from the overnight session
massive losses in European bank stocks set the tone
Yes, Australia cut rates, but it wasn't much of...
Mon, May 2 2016, 10:21 AM
Do mortgage loan originators think that they can’t go to prison for something they did ten years ago? They'd better think again . And let's not f...
Mon, May 2 2016, 9:32 AM
Technicals were looking good late last week
But some risk that month-end trading was painting a rosy picture
we'll find out this week!
Las...
Mon, May 2 2016, 4:59 PM
Bonds had a chance to confirm the start of a new trend today
Instead, they stayed on last week's fence
Could be bad, could be nothing
ISM Pri...
Mon, May 2 2016, 4:26 PM
Mortgage rates moved just slightly lower today, despite the fact that bond markets were suggesting a move in the other direction. Mortgage rates ...
Mon, May 2 2016, 1:28 PM
Any benefits to affordability delivered by recent improvements in interest rates have been significantly downgraded or even erased by home price inc...
Mon, May 2 2016, 1:16 PM
Overall construction spending rose 0.3 percent in March to a seasonally adjusted annual rate of $1.14 trillion compared to $1.13 trillion in Februar...
Fri, Apr 29 2016, 11:29 AM
Does a financial boost from mom and dad make it more likely a young person will buy a home? It depends. And that might change.
Those statements...
Fri, Apr 29 2016, 11:26 AM
The Consumer Financial Protection Agency (CFPB) just opened the door to possible changes and refinements in its Know Before You Owe rule. The agenc...
Fri, Apr 29 2016, 10:37 AM
“They” say plenty of things about time flying as you grow older. (“Life is like a toilet paper role – the closer you get to the end the faster it goes...
Fri, Apr 29 2016, 8:31 AM
Bonds right on the edge of confirming positive shift
We need to hold ground today in order to confirm
Even then, we have to wonder about the "mo...
Fri, Apr 29 2016, 4:41 PM
European traders were month-end sellers, pushing rates higher overnight
US bond markets battled back during the domestic session
Treasuries were...
Fri, Apr 29 2016, 4:16 PM
Mortgage rates moved just slightly lower in most cases, to end the week at the best levels since April 19th. Mor importantly, the past 3 days of ...
Thu, Apr 28 2016, 12:24 PM
Home sales may be rising, but homeownership in the United States is heading down once again.
After gains in the second half of 2015, the homeowners...
Thu, Apr 28 2016, 10:39 AM
Home prices rose 0.7 percent from January to February according to Black Knight Financial Services. The company's Home Price Index (HPI) was at $245,...
Thu, Apr 28 2016, 10:32 AM
What has just moved from fifth place in the World Economic Forum's list of global risks to the top of the heap? The "failure of climate change medi...
Thu, Apr 28 2016, 10:20 AM
Do legal settlements between the government and lenders really do anything to expand credit to deserving home buyers needing to borrow money? I don’t ...
Thu, Apr 28 2016, 8:24 AM
Bond rally following yesterday's Fed brings trading levels right back to the top of the previous range
holding ground today with modest gains would...
Thu, Apr 28 2016, 5:17 PM
Bonds traded either side of unchanged early in the day
Little, if any response to GDP
Bigger move seen after the end of the auction cycle
Not...
Thu, Apr 28 2016, 4:50 PM
Mortgage rates continued lower for a second straight day, ultimately making it back to levels not seen since last Tuesday. Today's improvements are...
Wed, Apr 27 2016, 11:34 AM
Pending home sales rose for the second straight month in March although the increase was less than in February. The National Association of Realtors®...
Wed, Apr 27 2016, 9:49 AM
The “Tiny Home” movement is interesting, but 84 square feet ? That is enough to store my Hot Wheels, Match Box, and slot car collections. Am I thinki...
Wed, Apr 27 2016, 9:08 AM
Fed has history of using off-cycle meetings to set stage for policy action
OK, so it has only happened one--maybe two--times.
Is now one of thos...
Wed, Apr 27 2016, 8:13 AM
Mortgage application volume fell across the board during the week ended April 22. Applications were down for both purchase mortgages and refinancin...
Wed, Apr 27 2016, 5:18 PM
Very very simple day
markets were anxious that Fed might hint at June hike
Fed did NOT hint at June hike
Markets were happy
The end
...
Wed, Apr 27 2016, 4:48 PM
Mortgage rates caught a break today! After having moved sideways or higher for the past 7 days, and spending the last 3 at the highest levels in mor...
Wed, Apr 27 2016, 2:01 PM
(additions underlined, deletions struck-through)
For immediate release
Information received since the Federal Open Market Committee met in Janu...
Tue, Apr 26 2016, 10:12 AM
Home prices in the U.S. posted a 5.3 percent increase from February 2015 to February 2016 according to the S&P/Case Shiller index covering all nine U....
Tue, Apr 26 2016, 9:18 AM
With news swirling of US Bank’s mortgage reorganization last week, let’s not forget the regulator that touches every residential lender: the CFPB. T...
Tue, Apr 26 2016, 8:31 AM
Durable Goods at 830am and Consumer Confidence are bigger ticket reports than yesterday's New Home Sales
The econ data won't have the final word on...
Tue, Apr 26 2016, 5:18 PM
Weaker Durable Goods and Consumer Confidence Didn't Help
Bonds continued slow, steady selling trend
10yr yields topped out at 1.94
Fannie 3.0...
Tue, Apr 26 2016, 4:32 PM
Mortgage rates remained in line with their highest levels in a month for the third straight day . The average lender is now quoting convention...
Tue, Apr 26 2016, 3:49 PM
Housing remains the bright spot in a darkening economic outlook according to Freddie Mac's economists. Though they have revised their forecast for ec...
Tue, Apr 26 2016, 3:45 PM
Could it be that consumers actually seem to enjoy sitting at the closing table? That appears to be one finding from a recent survey of homeowners b...
Tue, Apr 26 2016, 3:41 PM
Mortgage servicing remains a sore spot for consumers, especially those having problems paying their loans. The Consumer Financial Protection Bureau...
Mon, Apr 25 2016, 10:57 AM
The national delinquency rate as reported by Black Knight Financial Services has now dropped to levels not seen in 15 years while the serious delinq...
Mon, Apr 25 2016, 10:53 AM
March was another disappointing month for new home sales however subsequent revisions continue to positively affect earlier estimates. The Census Bur...
Mon, Apr 25 2016, 10:01 AM
I call home improvement projects ‘teaching my son to swear” jobs.” One group of folks not swearing are people in the residential lending industry – at...
Mon, Apr 25 2016, 9:22 AM
Lots of economic data on tap including some big names
Treasury auction cycle (2, 5, 7yr)
FOMC Announcement Wednesday (Bank of Japan Thursday)
...
Mon, Apr 25 2016, 5:34 PM
Active corporate bond issuance puts pressure on Treasuries
MBS only lose 2 ticks
lower oil prices were no help
European bond markets still ha...
Mon, Apr 25 2016, 5:07 PM
Mortgage rates didn't move much , if at all, today. That's not exactly what we want to see right now considering they're as high as they've been sin...
Fri, Apr 22 2016, 12:32 PM
Members of the National Association of Home Builders' (NAHB) remodeling division reported that market conditions remained about the same in the first ...
Fri, Apr 22 2016, 12:24 PM
All cash sales continued at an elevated level in January, increasing from December but accounting for a substantially lower share of sales than a year...
Fri, Apr 22 2016, 10:58 AM
What does $35 million get you in Austin, Texas? Here you go - I guess you can boost the price whenever someone mentions a "matriarch."
The priva...
Fri, Apr 22 2016, 9:46 AM
past few days = negative technical signals galore for bonds
3rd consecutive week of higher lows and higher highs for rates
momentum indicators s...
Fri, Apr 22 2016, 5:46 PM
Nothing notable happened today
Trading amounted to an inconsequential epilogue to an interesting story that ended yesterday
bonds were slightly ...
Fri, Apr 22 2016, 5:00 PM
Mortgage rates continued higher today, solidifying this week as the worst one in quite a while. Not since the first week i n November have rates ...
Thu, Apr 21 2016, 10:22 AM
Home price increases across the U.S. remained stable in February at +0.4 percent after the Federal Housing Finance Agency (FHFA) revised its original ...
