Mon, Apr 11 2016, 3:20 PM
Mortgage rates were little changed today , keeping them in line with the lowest levels in nearly 3 years. Specifically, there have only been 2-3 ...
Fri, Apr 8 2016, 12:20 PM
onsumer pessimism appears to be eroding Fannie Mae's Home Purchase Sentiment Index (HPSI) which this month posted its lowest reading in 18 months. Th...
Fri, Apr 8 2016, 10:58 AM
The post office lowering postage rates this weekend is good. Student loan performance is not: more than 40% of student loan borrowers are either not...
Fri, Apr 8 2016, 9:10 AM
Light data day in the springtime: trading may be more about housekeeping than making any new bets on big-picture momentum
Trend has been positive f...
Fri, Apr 8 2016, 4:51 PM
Treasuries were under pressure from a correction in European markets (stocks and bond yields higher) overnight
MBS and Treasuries opened noticeably...
Fri, Apr 8 2016, 2:38 PM
Mortgage rates didn't necessarily improve today --some lenders were worse-off actually--but merely holding steady on average, rates are ending the...
Thu, Apr 7 2016, 12:49 PM
Distressed residential sales inched up a bit month-over-month in January but have been relatively stable over the last year. CoreLogic said on Thursd...
Thu, Apr 7 2016, 12:14 PM
Despite an easing of government loan access, the overall availability of mortgage credit dipped slightly in March the Mortgage Bankers Association (...
Thu, Apr 7 2016, 10:19 AM
It is wrong to say that all Millennials are living with their parents watching reruns of “The Wild Thornberrys.” Many are out there accumulating wealt...
Thu, Apr 7 2016, 9:23 AM
There's a lot of attention being paid to oil right now
There have been moments of correlation between oil and bond yields
How much of the relati...
Thu, Apr 7 2016, 5:30 PM
European stock weakness/bond strength ruled the day
Treasuries, stocks, oil, all followed Europe until Europe closed, then went their own ways
G...
Thu, Apr 7 2016, 4:46 PM
Mortgage rates moved lower today , but not by much. Bond market levels typically dictate mortgage rate changes in fairly short order. Oftentimes...
Wed, Apr 6 2016, 10:20 AM
What does $1.45 million get you in Nashville? Well, if you don't mind buying a house from Kesha, this is what you'd have .
The S&P/Case-Shiller 20...
Wed, Apr 6 2016, 9:22 AM
Bonds were weaker into the March 16th FOMC meeting, but that marked a turning point
It also marked a turning point for European bond markets, which...
Wed, Apr 6 2016, 8:36 AM
After six straight weeks of declining volume refinancing experienced a minor resurgence during the week ended April 1. The rebound more than offset ...
Wed, Apr 6 2016, 4:58 PM
Bonds weaker WAY before Fed Minutes
Oil, stocks and European bonds hurt Treasuries overnight
Oil kept pressure on with 10:30am inventory data ...
Wed, Apr 6 2016, 4:10 PM
Mortgage rates moved higher today , pulling away from yesterday's long-term lows. Today's move wasn't extreme, by any means. It simply brings ra...
Tue, Apr 5 2016, 10:45 AM
It will be interesting to see if CoreLogic's estimates for monthly and annual price increases for February are the strong outliers they were in Janu...
Tue, Apr 5 2016, 10:42 AM
We’re off to a running start on a new quarter, with many mortgage bankers reporting great March’s and ample pipelines ready for funding in April. But ...
Tue, Apr 5 2016, 9:13 AM
The past few days of consolidation had a bullish tilt
Meaning: when yields broke out of a narrowing pattern, it was slightly more likely to be a p...
Tue, Apr 5 2016, 5:28 PM
Not only have bonds confirmed the recent move back into "the range," they've kept going strong
10yr yields hit 1.72, down 4.2bps, Fannie 3.0s up to...
Tue, Apr 5 2016, 4:22 PM
Mortgage rates moved lower today , continuing the recent trend of improvement. Investors are feeling more cautious after Fed Chair Janet Yellen e...
Mon, Apr 4 2016, 10:49 AM
Yesterday at a job interview I filled my glass of water until it overflowed a little. "Nervous?" asked the interviewer. I replied, "No, I always give ...
Mon, Apr 4 2016, 9:19 AM
Bonds continue to defy critics with 10yr yields in the 1.7's into Q2
We can't really say "it's stocks" anymore
Oil is still part of the motivati...
Mon, Apr 4 2016, 7:01 PM
MBS and Treasuries both relatively flat on the day; light volume too
Boston Fed's Rosengren struck a hawkish tone (headwind #1)
Corporate bond i...
Mon, Apr 4 2016, 5:07 PM
Mortgage rates stayed steady today , beginning the first full week of April right in line with the lowest levels in roughly 6 weeks, depending on ...
Mon, Apr 4 2016, 1:49 PM
Negative equity levels in the U.S. have dropped to rates last seen since 2006. However Black Knight Financial Services points out that, while improve...
Fri, Apr 1 2016, 11:30 AM
Private spending on residential construction remained in positive territory in February even as overall construction, especially in the public secto...
Fri, Apr 1 2016, 8:30 AM
bonds have obviously been 'up to something' since Yellen's speech
it could be that traders are showing their hands early for the next momentum move...
Fri, Apr 1 2016, 6:48 PM
MBS and Treasuries both end nearly unchanged after some intraday volatility
10's traded a range of 1.762 to 1.814. Fannie 3.0s 102-17 to 102-24
...
Fri, Apr 1 2016, 5:18 PM
Mortgage rates continued lower today , despite a fairly strong showing in the Employment Situation report. The so-called 'jobs report' is the mos...
Fri, Apr 1 2016, 4:59 PM
Freddie Mac predicted in its monthly Outlook on Thursday that 2016 might be the best year for housing in a decade with most sectors, sales, constr...
Thu, Mar 31 2016, 10:53 AM
Freddie Mac's Multi-Indicator Market Index (MiMi) is now showing that most of the nation's housing markets are, at a minimum, on the outer range of th...
Thu, Mar 31 2016, 10:07 AM
“If you work hard and go the extra mile to provide for your family…I will take that extra income and give it to those who refuse to do the same!” Was ...
Thu, Mar 31 2016, 9:46 AM
Month-end means bond traders are adjusting portfolios to match a published index
The index was a bit less friendly than expected yesterday, and bon...
Thu, Mar 31 2016, 5:37 PM
No NFP anxiety, markets are all about preparing for April
Traders think stocks will suffer and bonds will pick up the slack
Dovish Yellen helped...
Thu, Mar 31 2016, 4:12 PM
Mortgage rates dropped again today, continuing a recent trend of improvement and bringing us to the best levels seen since March 1st. Market vol...
Wed, Mar 30 2016, 8:23 AM
Yellen rally set off positive technicals
"Technicals" refers to mathematical interpretation of market movement based only on the previous market mo...
Wed, Mar 30 2016, 7:59 AM
Mortgage activity during the week ended March 25 more or less marked time. Rates were mixed and purchase loans, which increased slightly , offset ref...
Wed, Mar 30 2016, 5:44 PM
markets continue repricing rate hike expectations
shorter duration debt wins (2yr Treasuries beating 10yr)
MBS are shorter duration than 10yr, s...
Wed, Mar 30 2016, 5:20 PM
Mortgage rates held steady in most cases today, though several lenders continued to improve. The average lender is at least down to 3.75% in t...
Wed, Mar 30 2016, 1:44 PM
Lenders across the nation are switching to potlucks at the end of the month instead of catered lunches. Why? A new survey of mortgage lenders by the M...
Tue, Mar 29 2016, 12:08 PM
Is the mortgage-backed security (MBS) based on jumbo mortgage loans back on life-support? Sam Khater, CoreLogic's deputy chief economist, says it a...
Tue, Mar 29 2016, 12:06 PM
Black Knight Financial Services announced on Monday that its Home Price Index for January rose 0.1 percent from the month before and was 5.3 percen...
Tue, Mar 29 2016, 12:02 PM
Home price gains continued strong in January with the S&P/Case-Shiller indices closely tracking three of the four other major January home price repor...
Tue, Mar 29 2016, 11:41 AM
Sweden, with its population of about 9.6 million about the same as Michigan, just adopted a law limiting mortgage loans to 105 years. Our 30-year fixe...
Tue, Mar 29 2016, 9:00 AM
On these NFP weeks, one of the concepts we routinely discuss is that of the " pre-NFP lead-off. " Just to make sure we're on the same page, the "lead...
Tue, Mar 29 2016, 5:42 PM
Translating Yellen's speech today: not only is the Fed "data dependent," but it doesn't take much to deter hikes and even to contemplate ways to ease ...
Tue, Mar 29 2016, 5:00 PM
Mortgage rates moved decisively lower today, following a speech from Fed Chair Janet Yellen. While she accomplished it in several ways, Yellen's...
Tue, Mar 29 2016, 3:00 PM
If lenders' opinions count, credit standards appear to be as low as they will go, at least in the medium term. On the other hand, it appears they a...
