Wed, Jun 29 2016, 4:09 PM
Mortgage rates were roughly unchanged today, on average, with some lenders showing slight improvements while others moved just a bit higher. Even o...
Wed, Jun 29 2016, 2:16 PM
Baby Boomers, even as they age, continue to have an outsized impact on the housing market. Freddie Mac recently conducted a large survey of those o...
Wed, Jun 29 2016, 2:04 PM
Freddie Mac says that the housing market as a whole in the U.S. is on the outer range of its historic benchmark level of housing activity. The spri...
Tue, Jun 28 2016, 10:35 AM
Both S&P/Case-Shiller and Black Knight Financial Services report that home prices continued to rise in April. Their numbers, while covering different...
Tue, Jun 28 2016, 10:21 AM
How could it have been 30 years since everyone was watching “Top Gun” in the theaters? Yes, time flies, and before you know it, well, you’re old. Wher...
Tue, Jun 28 2016, 9:09 AM
Bond rallies don't last forever
2 ways for rates to move higher: temporary, nominal corrections, and full-scale reversals
Here's one easy way to...
Tue, Jun 28 2016, 5:12 PM
Bond markets grudgingly gave up some gains, but only relative to previous close
Relative to yesterday's average trading levels, today was flat
N...
Tue, Jun 28 2016, 4:47 PM
Freddie Mac says that the trend toward increasing levels of cash out refinancing paused during the first quarter of 2016. The share of refinancing ...
Tue, Jun 28 2016, 3:28 PM
Mortgage rates fell modestly today despite some weakness in underlying bond markets. Typically, when bond yields (which move inversely with bond pr...
Mon, Jun 27 2016, 10:12 AM
Everyone is talking about the future of the European Union. Tad Dahlke sends, “Brexit to be followed by Grexit, Departugal, Italeave, Fruckoff, Czech...
Mon, Jun 27 2016, 9:45 AM
Oftentimes, a massive surge to long-term lows is met with a quick snap back to the safety of the previous range. So far, the current massive surge is...
Mon, Jun 27 2016, 4:53 PM
Brexit fallout continues. That's really all we got
Fortunately, that's a huge positive for bond markets
10yr yields dropped more than 10bps
...
Mon, Jun 27 2016, 4:21 PM
Mortgage rates move lower again today following last week's Brexit headlines (the U.K.'s vote to leave the European Union). Indeed it's hard to tur...
Mon, Jun 27 2016, 4:04 PM
Will the homeownership rate fall below 50 percent? Not a question most housing industry stakeholders want to think about, but some analysts are spec...
Fri, Jun 24 2016, 12:20 AM
FOLLOW THE LATEST BREXIT UPDATES on MBS LIVE with FREE TRIAL CODE: BREXIT
So what are we seeing? At this point, most major media outlets a...
Fri, Jun 24 2016, 11:24 AM
After two years of supervision and examinations of mortgage
servicers by the Consumer Financial Protection Bureau (CFPB) the agency has criticized
t...
Fri, Jun 24 2016, 11:17 AM
At Happy Hour tonight, besides talking about refis, you can throw this one out: the number of homes worth $1 million has doubled in the last 4 years ...
Fri, Jun 24 2016, 9:25 AM
For a variety of reasons and for more than a year, the MBS Live community and I have periodically revisited the general topic of a "brave new world." ...
Fri, Jun 24 2016, 4:32 PM
10yr yields were as low as 1.406 overnight, but moved up to the mid 1.5's by the close
MBS were up nearly 7/8ths of a point at their best, but will...
Fri, Jun 24 2016, 1:04 PM
Mortgage rates plummeted today following the surprise victory of the referendum for the U.K. leaving the European Union (aka "Brexit"). This joins ...
Thu, Jun 23 2016, 11:00 AM
New home sales dropped back in May after a reported 16.6
percent surge the previous month, an increase that was revised down from what
was first r...
Thu, Jun 23 2016, 10:04 AM
Jobs and housing make up the lion’s share of our economy, and the two intersect when a house is being built. But what is the exact impact? For any LO ...
Thu, Jun 23 2016, 8:30 AM
2 more Brexit polls out overnight. Both leaning toward "remain"
"Remain" = terrible for bond markets
More polls and possibly even some early re...
Thu, Jun 23 2016, 3:56 PM
Bonds bumped higher in yield by Brexit polls overnight
Brexit vote is ongoing and results won't be final until early tomorrow morning
No impact ...
Thu, Jun 23 2016, 3:39 PM
A third of home sales in March were all-cash
transactions according to CoreLogic.
This was a decrease of 2.8 percentages points, the company termed...
Thu, Jun 23 2016, 3:07 PM
Mortgage rates moved higher for the 5th day in a row as financial markets prepare for the results of the U.K. referendum on its European Union membe...
Wed, Jun 22 2016, 11:05 AM
The median price of an existing home reached an
all-time high in May and sales hit their highest pace in nearly a decade . The National Association...
Wed, Jun 22 2016, 11:03 AM
I've mentioned the upcoming changes to the 1003 form, the Uniform Residential Loan Application, and mentioned that the "target implementation date is ...
Wed, Jun 22 2016, 10:27 AM
The pace of home price increases, at least for purchases financed by Fannie
Mae and Freddie Mac, slowed in April, falling below even the most modest...
Wed, Jun 22 2016, 9:12 AM
Yellen's congressional testimony moves to House Financial Services Committee--always a "good show."
Bond markets consider leveling-off ahead of Bre...
Wed, Jun 22 2016, 8:11 AM
Refinancing gained ground as interest
rates fell during the week ended June 17.
The Mortgage Bankers Association (MBA) reported that refinancing
...
Wed, Jun 22 2016, 4:04 PM
Bonds make token gains ahead of Brexit day
Brexit poll and Treasury auction helped
But trading levels are still well above "the gap" set on Mond...
Wed, Jun 22 2016, 3:05 PM
Mortgage rates were higher for a 4th straight day today. That is a bit of a puzzler at first glance because bond markets are showing improvements f...
Wed, Jun 22 2016, 2:28 PM
Distressed properties nationwide now
total significantly less than 3 million according to data released on Wednesday
by Black Knight Financial Ser...
Tue, Jun 21 2016, 10:45 AM
Today I am in Kansas City, where it is “only” 96 degrees. Phoenix hit 119 degrees this week. Let’s ask the folks over there what they think about hou...
Tue, Jun 21 2016, 8:51 AM
"Consolidation" would mean yesterday's high yields were a short-term ceiling
"Correction" would mean more pain for bond markets
Yellen speaks at...
Tue, Jun 21 2016, 4:03 PM
Treasuries and MBS spent most of morning in positive territory
Weakness kicked in during/after Yellen testimony
Markets were waiting for encore ...
Tue, Jun 21 2016, 2:36 PM
Mortgage rates remained under pressure today, moving up to the highest levels in two weeks. Financial markets are in the process of undoing some of...
Tue, Jun 21 2016, 2:15 PM
The biggest complaint in the spring homebuying season was simply that there weren't enough homes to buy. Demand is strong for housing, but listings ar...
Mon, Jun 20 2016, 12:23 PM
If you are looking for an upbeat assessment of
consumer sentiment regarding housing, a recent survey by the MacArthur
Foundation is not the place ...
Mon, Jun 20 2016, 10:40 AM
To start off the week, besides the first full moon on a summer solstice since 1967, here’s an interesting Bloomberg chart about the Federal governme...
Mon, Jun 20 2016, 8:32 AM
Bond markets begin week significantly weaker as global markets back down on 'Brexit' trades
10yr yields created a big gap from last week's levels
...
Mon, Jun 20 2016, 4:31 PM
Bond selling pressure followed-through from last week
Updated Brexit polls provided a tangible justification
Intangible math provided momentum (...
Mon, Jun 20 2016, 2:26 PM
Mortgage rates continued higher today, and at a quicker pace than the modest increase seen at the end of last week. Financial markets are undergoin...
Fri, Jun 17 2016, 10:38 AM
Residential construction data released this morning showed both housing starts and permits holding fairly steady in May compared to April, but while...
Fri, Jun 17 2016, 9:11 AM
There are plenty of owners remodeling their houses. (If you want to take the time, the National Association of Home Builders ranks the 25,000 ZIP code...
Fri, Jun 17 2016, 9:00 AM
Is it time to freak out?
No, not yet
Bond yields are at long term lows and that's both exciting and scary. It's exciting for obvious reasons...
Fri, Jun 17 2016, 4:23 PM
Today's pull-back really began yesterday, and involved stocks moving higher with bond yields
Momentum continued through the overnight session for...
Fri, Jun 17 2016, 3:06 PM
Mortgage rates moved higher today for the first time in nearly 2 weeks. After rising slightly on Monday June 6th, rates have been on a mission--mov...
Thu, Jun 16 2016, 10:31 AM
There was a flicker of life this month in the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). After spending fo...
