Wed, Jul 13 2016, 6:04 PM
US bond markets were completely done moving by the time the domestic session began. Case in point, 10yr yields ended the day at 1.473, exactly the sa...
Wed, Jul 13 2016, 4:56 PM
Mortgage rates moved just slightly lower today, following a fairly abrupt spike over the first two days of the week. This the sort of movement that...
Tue, Jul 12 2016, 11:54 AM
Lou Holtz observed, "Never tell your problems to anyone....80% don't care and the other 20% are glad you have them." People who don’t understand econo...
Tue, Jul 12 2016, 9:21 AM
Back in the good old days during the infancy of the financial crisis, much was made of Bernanke's study of Japan's massive, long term , secular defla...
Tue, Jul 12 2016, 6:42 PM
The very next day after Brexit headlines sunk 10yr yields to long-term lows in late June, we began talking about "1.53%" in 10yr Treasury yields. Thi...
Tue, Jul 12 2016, 5:01 PM
Mortgage rates are on the move, heading noticeably higher after a more subtle increase yesterday. With that, this week now stands as the first majo...
Tue, Jul 12 2016, 2:40 PM
CoreLogic reported on Tuesday that the foreclosure inventory, the number of homes in some stage of foreclosure, had dropped to 390,000 in May, represe...
Tue, Jul 12 2016, 1:10 PM
The Brexit decision continues to reverberate and Freddie Mac, in its current issue of Outlook sees it as both a plus and a minus for the U.S., and n...
Mon, Jul 11 2016, 9:35 AM
I certainly see “out of office” replies increase during the summer. But some people seem to take as little vacation as possible, sometimes making thos...
Mon, Jul 11 2016, 9:04 AM
To whatever extent economic data matters, the week ahead will gradually crescendo by Friday, which boasts the two most important reports: CPI and Ret...
Mon, Jul 11 2016, 5:41 PM
If I didn't know any better, I'd say it looked like MBS were simply "tired of moving" in relative proportion to Treasuries as the latter undergo some ...
Mon, Jul 11 2016, 5:10 PM
Mortgage rates moved higher today, but not by very much, considering the amount of movement seen in other corners of financial markets. For instanc...
Mon, Jul 11 2016, 5:08 PM
Mortgage credit availability appeared to decrease
again in June. It was the fourth
consecutive month the Mortgage Bankers Association's (MBA's) Mor...
Mon, Jul 11 2016, 5:06 PM
In its "first look" at May mortgage data published last month Black Knight Financial Services noted that the prepayment rate for mortgages, historical...
Fri, Jul 8 2016, 11:51 AM
The nation’s thoughts and prayers go out to the families of the five Dallas police officers who were killed and six others wounded after snipers fired...
Fri, Jul 8 2016, 8:20 AM
Perhaps as long ago as April 2014, when the first major talk of the European Central Bank's impending QE plan began circulating, domestic economic dat...
Fri, Jul 8 2016, 5:36 PM
I wouldn't go so far as to say "the impossible happened today," but at the very least, we could call it "the improbable." A lot was at stake headin...
Fri, Jul 8 2016, 4:44 PM
Mortgage rates held surprisingly steady despite a strong employment headline. The big jobs report came out today, and it showed payroll creation at...
Thu, Jul 7 2016, 10:20 AM
Doug T. writes, “There's a strange new trend in the office: people are putting names on food in the company fridge to keep them cold. Today I had a sa...
Thu, Jul 7 2016, 9:00 AM
After an epic run to all-time Treasury lows (and nearly all-time mortgage rate lows) bond markets are flashing warning signs about a bounce. This sor...
Thu, Jul 7 2016, 4:51 PM
Bonds slightly weaker overnight; no major drama
AM employment data (ADP and Jobless Claims) prompted more selling
Stock prices and bond yields b...
Thu, Jul 7 2016, 4:35 PM
The Federal Housing Finance Agency (FHFA) has released an update on the progress made toward the Single Security that is expected to replace those cur...
Thu, Jul 7 2016, 2:46 PM
Fannie Mae's Home Purchase Sentiment Index (HPSI), an outgrowth of its National Housing Survey, pulled back a bit in June, largely due to weakened o...
Thu, Jul 7 2016, 2:02 PM
Mortgage rates finally ended an impressive winning streak today, rising for the first time in 9 days. Rates began that streak with a massive move l...
Wed, Jul 6 2016, 11:06 AM
Huh? Uber has a new update that allows users to file a lawsuit against the company directly in the app? What will they think of next? In a more seri...
Wed, Jul 6 2016, 8:42 AM
Bond markets enter domestic session at new all-time low yields
Yet again, there are no stand-out, individual motivations
All about he big pictu...
Wed, Jul 6 2016, 7:56 AM
The rate drop that kicked in immediately after the June 23 Brexit vote in the United Kingdom was reflected, dramatically so, in the volume of mortga...
Wed, Jul 6 2016, 5:25 PM
Treasury yields hit new intraday all-time lows overnight
Traders were lined up to sell at the open (profit-taking)
Weakness continued after stro...
Wed, Jul 6 2016, 4:23 PM
Mortgage rates fell again today, extending an already-uncanny winning streak to its 8th straight day. The most recent improvements bring the averag...
Wed, Jul 6 2016, 2:18 PM
If you were to review a pile of mortgage applications randomly pulled from all of those submitted what age group do you think would look the best, t...
Wed, Jul 6 2016, 1:53 PM
The performance of loans serviced by the seven national banks reporting to the Office of Comptroller of the Currency (OCC) improved during the first...
Tue, Jul 5 2016, 10:23 AM
CoreLogic is reporting that the rate of home price increases, as measured by its Home Price Index (HPI) slowed considerably in May from its rate in ...
Tue, Jul 5 2016, 10:13 AM
Last week we noticed that Ginnie Mae volumes had passed Freddie Mac , so the absence of big banks doing that business was certainly taken up by non...
Tue, Jul 5 2016, 9:36 AM
Global yields begin week at new all-time lows
Underlying reasons haven't changed
What ends this?
If you only look at the US as a represent...
Tue, Jul 5 2016, 4:00 PM
10yr yields traded well into the 1.3's, surpassing previous low of 1.381
No specific motivation at home or abroad, though there are several support...
Tue, Jul 5 2016, 3:05 PM
Mortgage rates dropped noticeably today, bringing quite a few lenders down to 3.25% in terms of conventional 30yr fixed quotes on top tier scenarios...
Fri, Jul 1 2016, 11:28 AM
Investors who purchase distressed loans through the FHA's Distressed Asset Stabilization Program (DASP) are going to have to toe a stricter line w...
Fri, Jul 1 2016, 11:24 AM
The Fourth of July is Monday...the date of the Declaration of Independence (quibble all you want about late signers); the next commentary will be Tues...
Fri, Jul 1 2016, 9:58 AM
10yr yield hit 1.382 overnight
All-time low was 1.381 in July 2012
Welcome to the New Normal
We had a great discussion in the live chat on...
Fri, Jul 1 2016, 3:50 PM
Strong overnight pop in Treasuries, ECB headlines cited
Record low 30yr bond yield and near-record low in 10yr yield
Bonds lost ground after Eur...
Fri, Jul 1 2016, 1:39 PM
Mortgage rates fell moderately today, adding a 6th day to a winning streak that began with last week's Brexit news and bringing rates right to the b...
Thu, Jun 30 2016, 10:34 AM
The last day of June, and 2016 half over? How did that happen? (Regarding time flying Linda B. writes, “Thank the Good Lord, I am Benjamin Button.”) J...
Thu, Jun 30 2016, 9:09 AM
Bonds remain generally strong despite yesterday's losses
There continues to be a good line in the sand that can warn against a bigger shift
Furt...
Thu, Jun 30 2016, 6:41 PM
Bonds bounced back as month-end buying hit its stride
Second wind came from Bank of England comments on likely stimulus
Yields bounced higher...
Thu, Jun 30 2016, 2:26 PM
Mortgage rates trickled slightly lower today, technically taking them to another in a string of 3-year lows over the past 2 weeks. The most recent,...
Wed, Jun 29 2016, 12:06 PM
Pending home sales hit the skids in May, following three
straight months of increases. The
National Association of Realtors® (NAR) said that its ...
Wed, Jun 29 2016, 9:58 AM
Huh? People burned while walking across fire at a Tony Robbins event in Texas? Imagine that! Speaking of incendiary activities, an amendment passe...
Wed, Jun 29 2016, 9:32 AM
Woops! I gave away the formula for 99% of any market analysis over the past week, but I have ...
Wed, Jun 29 2016, 8:00 AM
Mortgage application activity was down across the board during the week ended June 24. The Mortgage Bankers Association (MBA) reports that its Market...
Wed, Jun 29 2016, 4:45 PM
Bonds continued holding ultra-narrow post-Brexit range until 3pm
At that point, Treasuries spiked aggressively and MBS eventually followed
Initi...
