Thu, Apr 21 2016, 10:18 AM
It appears that lenders have surmounted the initial difficulties they encountered with the roll-out of the new Truth-in-Lending disclosures (TRID) req...
Thu, Apr 21 2016, 10:14 AM
There is an ever growing problem about women in the workforce. Women make around 80% of what men make in the same job. Another scary fact is that the ...
Thu, Apr 21 2016, 8:56 AM
ECB leaves all rates unchanged; Draghi press conference begins now
ECB typically saves the more meaningful communications for the press conferenc...
Thu, Apr 21 2016, 5:30 PM
Draghi repeats that ECB doesn't want to cut further or print more money
Bonds and stocks pouted about that
10yr yields stayed above important 1....
Thu, Apr 21 2016, 4:41 PM
Mortgage rates picked right up where they left off yesterday: pushing into the highest levels of the month. This week has seen the fastest rise in ...
Wed, Apr 20 2016, 11:56 AM
Spring market buyers got down to business in March and existing home sales rebounded, up 5.1 percent but didn't quite recover from a disappointing F...
Wed, Apr 20 2016, 9:51 AM
Fannie Mae's economists said Friday that housing indicators continue to be mixed. In the company's April Economic and Strategic Research report Senio...
Wed, Apr 20 2016, 9:44 AM
I was just in Denver the last few days where they were gearing up for the Colorado 420 celebration. But there’s not much to celebrate if you work for ...
Wed, Apr 20 2016, 9:36 AM
Supportive, sideways trend has been intact, but under constant attack
The negative trend of "higher lows" collides with the supportive trend today ...
Wed, Apr 20 2016, 8:39 AM
In a week when rates continued holding near multi-year lows, mortgage application activity increased, but the gain during the week ended April 15 was ...
Wed, Apr 20 2016, 7:05 PM
10yr yields finally broke 1.80% ceiling, and moved quickly to break 1.84% after that
Big gains in oil definitely played a part, but technicals an...
Wed, Apr 20 2016, 5:15 PM
Mortgage rates jumped significantly higher today, relative to the almost perfectly flat trend that's been intact for more than a week. We were alre...
Tue, Apr 19 2016, 10:59 AM
There probably isn't a lot of
backslapping going on in the housing world this morning. March residential construction data released
by the U.S. Cen...
Tue, Apr 19 2016, 9:49 AM
“Drive til you qualify.” That’s a little real estate agent ditty to start a Tuesday, and this advice to buyers certainly applies to urban areas where ...
Tue, Apr 19 2016, 9:23 AM
bond markets still holding the range, but pressure is increasing
momentum studies are close to confirming negative shift
Tradeflows , technic...
Tue, Apr 19 2016, 4:22 PM
Today could have been better and worse.
Bright note: 10yr yields still holding under 1.80, mortgage rates are unchanged.
Sour note: 10's bar...
Tue, Apr 19 2016, 3:42 PM
Mortgage rates held steady again today , despite some weakness in underlying bond markets. When it comes to setting rates for the day lender rate sh...
Mon, Apr 18 2016, 10:44 AM
For the third consecutive month the Housing Market Index (HMI) was unchanged. After rising to a decade high of 65 in October, the HMI, jointly spo...
Mon, Apr 18 2016, 10:42 AM
“Control the rules, control the outcome.” This old saying will be of particular interest in upcoming political events… or mortgage company lawsuits & ...
Mon, Apr 18 2016, 10:13 AM
2 separate narratives this week: market movement and housing data
tall order for housing data to drive market movement, except in extreme cases
...
Mon, Apr 18 2016, 5:26 PM
Most of last week's trading pushed rates slightly higher (i.e. short positions)
Short positions were covered before the weekend, helping rates fall...
Mon, Apr 18 2016, 4:37 PM
Mortgage rates held steady today , leaving them just off the lowest levels in nearly three years. Market conditions were somewhat volatile surroundi...
Fri, Apr 15 2016, 10:46 AM
An estimated 33,000 delinquent Fannie Mae and Freddie Mac (GSE) borrowers may be eligible for a new one-time principal reduction An estimated 33,000 ...
Fri, Apr 15 2016, 10:32 AM
Yes, every week it seems like the airwaves are filled with news from the government-sponsored enterprise landscape. This week was no exception. The FH...
Fri, Apr 15 2016, 9:31 AM
One explanation for bonds' recently negative trend could have to do with stocks
Not a direct correlation, but big-picture developments could affe...
Fri, Apr 15 2016, 4:23 PM
Mortgage rates improved slightly today , bringing them back toward the lowest levels in nearly three years. With all of the headlines to that effect ...
Thu, Apr 14 2016, 9:37 AM
The Mortgage Bankers Association's (MBA's) most recent regular report on mortgage application volume released on Wednesday indicated a sudden pick-up...
Thu, Apr 14 2016, 9:35 AM
Despite what was termed a seasonal increase in March, foreclosure activity in the first quarter of 2016 was at its lowest level in nine years . Re...
Thu, Apr 14 2016, 9:28 AM
Foreclosure activity continues to decline but the change year-over-year in February was minimal, actually smaller than the decrease from January to Fe...
Thu, Apr 14 2016, 9:23 AM
I found this article particularly enticing considering the change in banking/regulatory models over the last few years, and the downside risk for an...
Thu, Apr 14 2016, 8:29 AM
Positive trend in bonds that began in mid March is over
a break above 1.80% in 10yr yields would reinforce creation of new negative trend
CPI ...
Thu, Apr 14 2016, 4:20 PM
European bond markets helped push Treasuries weaker overnight
10yr yields hovered near 1.80%, the upper end of the recent range
Once again, econ...
Thu, Apr 14 2016, 3:26 PM
It's that time again! Thursday rolls around and Freddie Mac releases its weekly mortgage rate survey. Most major media outlets subsequently craft he...
Wed, Apr 13 2016, 10:51 AM
The battle over the future of the two government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac took another turn on Monday, this time one th...
Wed, Apr 13 2016, 10:44 AM
There is a lot of news today, ranging from political maneuvering through Chase’s earnings and on to the PHH/CFPB court case. But how about this one: ...
Wed, Apr 13 2016, 8:30 AM
The recent downtrend is broken
The slightly broader sideways range is now close to being broken
Retail Sales may decide the fate of the range
...
Wed, Apr 13 2016, 8:04 AM
Mortgage applications made a strong showing during the week ended April 8 and for the first time in a while the gains were fairly evenly distributed b...
Wed, Apr 13 2016, 5:23 PM
Momentum was weaker into the morning
European bond gains helped Treasuries hold under supportive ceiling
Stocks kept arguing for bond weakness, ...
Wed, Apr 13 2016, 4:41 PM
Mortgage rates pulled up just slightly today after spending the past few days near 3-year lows. The weakness in rates is in line with our discus...
Tue, Apr 12 2016, 10:33 AM
Every CPA out there knows that in the District of Columbia, this Friday, April 15th, is Emancipation Day . Therefore, taxes aren't due until Monday t...
Tue, Apr 12 2016, 9:22 AM
What's a Bund and why does it matter? (Hint: the benchmark for European bond markets)
Bunds and Treasuries threatening to bounce to high side of...
Tue, Apr 12 2016, 5:39 PM
Stocks and oil still questionable as primary motivators for bonds
European bonds and Treasuries suffered a tradeflow/technical reversal
Stocks a...
Tue, Apr 12 2016, 4:18 PM
Mortgage rates managed to hold steady today despite weakness in underlying bond markets. That means the rates being offered by lenders are subst...
Tue, Apr 12 2016, 2:36 PM
Year-end figures released on Tuesday by the Mortgage Bankers Association (MBA) shows that profits in at least one sector of mortgage lending increase...
Tue, Apr 12 2016, 2:32 PM
Ever wonder how your life or that of your children might be different had you or they had grown up in a different community? Harvard economists Raj C...
Mon, Apr 11 2016, 10:46 AM
Reuters is reporting that Wells Fargo & Co has agreed to pay a record $1.2 billion to resolve a dispute with the Justice Department over mortgages i...
Mon, Apr 11 2016, 9:54 AM
Last week I was in Coeur d’Alene (for Banner Bank’s sales staff celebrating a great 2015) and I was reminded that tomorrow is “Free Cone Day” at Ben &...
Mon, Apr 11 2016, 9:10 AM
Week gets off to slow start with limited data and events on Mon
Tuesday brings several Fed speakers, but not much data
Data ramps up by Wed with...
Mon, Apr 11 2016, 4:21 PM
Bonds were weaker overnight and lost more ground early
intermediate range boundaries held (1.755 in 10yr yields) as a ceiling
Bonds came back q...
Mon, Apr 11 2016, 3:57 PM
The CFPB's 2015 Annual Consumer Mortgage Experience report dealt with the major sources of dissatisfaction reported by homeowners with the originati...
