Thu, Sep 15 2016, 3:24 PM
Mortgage Rates were unchanged in most cases today, keeping them near their highest levels in more than 2 months. Rates are driven primarily by movemen...
Thu, Sep 15 2016, 1:09 PM
Mortgage lenders are feeling more positive about profits this quarter than they did in the second quarter with 28 percent of those surveyed by Fannie ...
Wed, Sep 14 2016, 10:28 AM
The return of Americans to urban living, while well documented, may be a "head-fake" as far as the mortgage industry is concerned. Sam Khater, CoreLog...
Wed, Sep 14 2016, 9:42 AM
With my current travel taking me through Florida, Milwaukee, and now Savannah, geography is on my mind and yesterday I noted that Maine is the only st...
Wed, Sep 14 2016, 9:37 AM
Welcome back to the first potentially significant long-term bounce in interest rates since the first half of 2015. Rates haven't covered as much grou...
Wed, Sep 14 2016, 8:38 AM
Mortgage applications, as measured by the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey, increased on a seasonally adjusted...
Wed, Sep 14 2016, 5:22 PM
Mortgage Rates fell modestly today, but only enough to bring upfront costs slightly lower for the same rates quoted yesterday. Still, it's a most welc...
Wed, Sep 14 2016, 5:22 PM
Bond markets made modest gains today, but yields nonetheless closed at their highest recent levels apart from the previous day. It was the same dyn...
Tue, Sep 13 2016, 9:53 AM
There were 34,000 completed foreclosures in July, as banks continue to clean up foreclosure inventories eight years after the housing crisis began. Co...
Tue, Sep 13 2016, 9:47 AM
There is only one state that has 1 syllable, but there are 30 days in September. And this month is full of wacky “days” such as international Talk Lik...
Tue, Sep 13 2016, 9:25 AM
The past three days have been interesting for financial markets--Friday and Monday particularly. Friday saw the biggest break outside the established...
Tue, Sep 13 2016, 4:37 PM
If you're just getting caught up with today's bond market movements, they weren't pretty . On the scale where the worst days of mid-2013 were "10/10...
Tue, Sep 13 2016, 3:57 PM
Mortgage Rates were only slightly higher today, and in some cases were right in line with yesterday's. In fact, if you caught a lenders' rate sheet ea...
Mon, Sep 12 2016, 9:12 AM
Anyone claiming that stocks and bonds always move in opposite directions were again proved wrong Friday when both bonds and stocks sold off. Treasury ...
Mon, Sep 12 2016, 8:56 AM
Last week ended with heavy selling in both stocks and bonds. It was exceptionally bad for stocks (a fact that should have been a clue to all the repo...
Mon, Sep 12 2016, 4:24 PM
Heading into today, there was a lot of hype about a speech from a member of the Federal Reserve, Lael Brainard. She's not an outspoken Fed governor,...
Mon, Sep 12 2016, 3:54 PM
Mortgage Rates continued higher today. Even though the spike wasn't as severe as Friday's, we nonetheless find ourselves well into the highest levels ...
Mon, Sep 12 2016, 1:00 PM
Is there still a gender gap when it comes to mortgages? While single women have come a long way from the days when a man had to guarantee their mortga...
Fri, Sep 9 2016, 3:00 PM
The U.S. housing market continues to move ahead, but a generation of homebuyers is being left behind . That's the conclusion of an analysis of homeown...
Fri, Sep 9 2016, 10:14 AM
I own a shovel. Actually I own a couple of them. So do my neighbors. Do we use them all the time? No. Plenty of time elapses between shovel use. The s...
Fri, Sep 9 2016, 9:09 AM
Bond markets have recently set records when it comes to being flat and directionless. Technical studies that measure the presence and strength of a...
Fri, Sep 9 2016, 5:39 PM
Here's why financial news sucks so bad... Sorry, I said "sucks." I realize that might offend three of you, but I'm willing to alienate that half of ...
Fri, Sep 9 2016, 5:02 PM
Mortgage Rates continued sharply higher today, as financial markets quickly adjust their outlook for global monetary policy (the rate-setting and asse...
Thu, Sep 8 2016, 10:04 AM
The Mortgage Bankers Association's (MBA's) Mortgage Credit Availability Index (MCAI) ticked down in August, indicating a slight and largely operationa...
Thu, Sep 8 2016, 9:58 AM
50 years since Star Trek debuted on TV? Holy smokes. Salaries were lower back then. How much do NFL referees earn in a year? The average NFL referee s...
Thu, Sep 8 2016, 8:40 AM
Mario Draghi is the President of the European Central Bank (ECB). He's Europe's version of Janet Yellen, for lack of a more eloquent description. Th...
Thu, Sep 8 2016, 4:40 PM
Let's be real. Asset purchases by major central banks are effectively an allow a nce for financial markets--free money that they know will be coming ...
Thu, Sep 8 2016, 4:01 PM
Mortgage Rates bounced highe r today, bringing them back in line with the pervasive range of the past several weeks. As of yesterday, rates were techn...
Wed, Sep 7 2016, 9:38 AM
While the industry waits for the ruling on the CFPB versus PHH case to give more clarity on the MSA question for lenders , the Colorado Division of In...
Wed, Sep 7 2016, 8:51 AM
Mortgage application activity was listless as summer unofficially ended and the nation prepared for the Labor Day weekend. Changes during the week end...
Wed, Sep 7 2016, 8:49 AM
What a difference a day makes. With the recent trading range being so narrow, it didn't take much for the overall tone in bond markets to move from...
Wed, Sep 7 2016, 3:34 PM
Treasuries and MBS held steady today, consolidating yesterday's gains and playing it safe ahead of tomorrow's ECB Announcement.
There really isn't ...
Wed, Sep 7 2016, 2:30 PM
Mortgage Rates moved lower today at a slightly better pace than the recent norm. That's not saying much in the bigger picture, because "the norm" has ...
Wed, Sep 7 2016, 1:36 PM
So what is going on with residential construction? We hear constantly that inventories are too tight , especially at the lower price levels, new home ...
Wed, Sep 7 2016, 1:30 PM
Fannie Mae's Home Purchase Sentiment Index (HPSI) was down slightly in August, dipping 1.5 percentage points to 85.0. The index, based on the company'...
Tue, Sep 6 2016, 9:51 AM
Home price increases continued to exceed CoreLogic's own projections in July. The company's Home Price Index (HPI) indicates that home prices nationwi...
Tue, Sep 6 2016, 9:46 AM
It is hard to believe that Halloween is fewer days away than the 4th of July from a few months ago. It is also hard to believe this story/photo of a t...
Tue, Sep 6 2016, 9:24 AM
Normally, weaker readings on nonfarm payrolls result in bond market gains. While that was initially true on Friday, in less than 30 minutes, bonds we...
Tue, Sep 6 2016, 4:35 PM
When it comes to economic data that moves bond markets, there are only a few reports that compete for the 1st-runner-up spot behind Nonfarm Payrolls...
Tue, Sep 6 2016, 4:06 PM
Mortgage Rates were in a bit of a pickle on Friday afternoon. The big jobs report had just come out slightly weaker than expected, yet rates didn't im...
Tue, Sep 6 2016, 3:25 PM
First lien mortgage originations reached their highest level in the second quarter of 2016 of any single quarter since the same period in 2013. Black ...
Fri, Sep 2 2016, 10:37 AM
Among the lengthy list of state and federal regulators, legislative bodies, and agencies that oversee residential lenders, one can’t forget the FTC (F...
Fri, Sep 2 2016, 8:30 AM
It goes against the grain of conventional summertime market wisdom, to some extent, to have so much focus on any piece of economic data as "making or ...
Fri, Sep 2 2016, 4:56 PM
Happy Labor Day weekend, everyone. Gotta close out some longs, but may jump back in on Tuesday.
Cheers, Bond Buyers
That's the short ve...
Fri, Sep 2 2016, 4:08 PM
Mortgage Rates were steady to slightly higher today, depending on the lender--a relative victory considering the potential volatility associated with ...
Thu, Sep 1 2016, 11:26 AM
Construction spending was largely unchanged in July according to data released Thursday by the U.S. Census Bureau. Spending on all public and privatel...
Thu, Sep 1 2016, 9:53 AM
Isn't it amazing that, after the near-decade of turmoil we have just gone through, that CoreLogic is calling the housing market "an oasis of stability...
Thu, Sep 1 2016, 9:46 AM
For me last month’s domestic travels included Texas, Montana, Colorado, Kansas, and California. The mood among residential lenders is very good . Yet ...
Thu, Sep 1 2016, 8:53 AM
NFP weeks are always a bit more robust in terms of other top shelf economic data. This typically includes one or both of the ISM reports, Chicago PMI...
Thu, Sep 1 2016, 4:16 PM
Bonds began the day in weaker territory and were approaching the highest yields of the past 2 months by mid-morning. Part of the negativity could hav...
