Thu, Oct 27 2016, 6:50 PM
Traders who reported seeing buying signals as 10yr yields approached 1.80 earlier this week would surely like to borrow a time machine . In retrospe...
Thu, Oct 27 2016, 2:23 PM
Mortgage Rates are much higher today, regardless of anything else you may have seen. Why am I alluding to other things you may have seen? Because it's...
Wed, Oct 26 2016, 10:49 AM
New home sales resumed their upward march in September, rising above August sales which had retreated significantly from a near decade-long high of 62...
Wed, Oct 26 2016, 9:42 AM
It is well documented that “women spend more time wondering what men are thinking than men spend thinking.” Lemon Drops move over! (For those of you w...
Wed, Oct 26 2016, 9:37 AM
Last week provided some hope for bond markets due to a relatively strong move off the recent highs. 10yr yields recovered from the previous week's 1....
Wed, Oct 26 2016, 8:12 AM
Mortgage applications declined on a seasonally adjusted basis during the week ended October 21 compared to the week ended October 14. The results for ...
Wed, Oct 26 2016, 5:41 PM
Bonds were stronger during Asian market hours this morning, but things changed quickly as European trading got underway. Relative to Treasuries, Euro...
Wed, Oct 26 2016, 4:37 PM
Mortgage Rates didn't move much today, with most lenders just slightly higher than yesterday. This keeps us right in line with the highest levels in m...
Tue, Oct 25 2016, 11:05 AM
Price gains accelerated in August, rising more year-over-year than they did in July according to data released today by both the Federal Housing Finan...
Tue, Oct 25 2016, 9:57 AM
The annual mortgage conference is in full swing, and I am sure that reports of “ 10 vendors for every 1 residential lender ” are exaggerated. Well, ma...
Tue, Oct 25 2016, 9:37 AM
At the risk of repeating a common refrain, rates have been rising gradually since July and in a more volatile way since early September. I've chalked...
Tue, Oct 25 2016, 4:58 PM
On the surface, today was a boring day for bond markets. 10yr yields ended less than a bp lower than yesterday's close and Fannie 3.0 MBS were comple...
Tue, Oct 25 2016, 4:05 PM
Mortgage Rates were unchanged in many cases today, with a handful of lenders inconsequentially better or worse versus yesterday's latest offerings. De...
Mon, Oct 24 2016, 9:40 AM
Are you wearing an Apple watch to that important business meeting? Maybe you shouldn’t , unless you don’t mind people listening in . How much does it ...
Mon, Oct 24 2016, 9:33 AM
Rates and yields have been trending steadily higher since hitting all-time lows in early July. Those lows were most immediately attributable to the B...
Mon, Oct 24 2016, 5:34 PM
Bond markets ended the day in moderately weaker territory today, despite starting out in the Green. What happened?
Today was refreshingly straight...
Mon, Oct 24 2016, 4:43 PM
Mortgage Rates bounced slightly higher for the first time in more than a week today, thus remaining in limbo near the highest levels in more than 4 mo...
Mon, Oct 24 2016, 2:46 PM
Fannie Mae and Freddie Mac each announced what appear to be essentially identical changes in their loan underwriting programs - Fannie calls its new o...
Mon, Oct 24 2016, 2:32 PM
In unusually personal prepared remarks, David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA) told members gathered at the ass...
Fri, Oct 21 2016, 10:51 AM
Deja vu all over again? Freddie Mac says economic growth is recovering from a weak first half of the year, the labor market is holding steady and Fed ...
Fri, Oct 21 2016, 10:40 AM
Housing industry players have decried the absence of first-time homebuyers and the negative impact they have had on the housing recovery. Fannie Mae's...
Fri, Oct 21 2016, 10:11 AM
As thousands of folks prepare to head to Boston for the MBA’s conference, they may be asking, “What’s in my wallet?” Maybe a little less. The average ...
Fri, Oct 21 2016, 10:04 AM
As can be seen in this morning's chart (and remembered in the hearts and minds of loan originators who closely follow market movements), October has b...
Fri, Oct 21 2016, 4:38 PM
Bonds began the day roughly unchanged and rallied in the morning hours along with European bond markets. Most of the volume was in before 9:45 and th...
Fri, Oct 21 2016, 3:23 PM
Mortgage Rates held steady today, continuing a much-needed break from the move higher that dominated the first 2 weeks of October. While we've only se...
Thu, Oct 20 2016, 12:55 PM
There is an old saying that they don't build things like they used to, but it seems that houses at least are still built to last . The National Associ...
Thu, Oct 20 2016, 10:55 AM
There is a lot of upbeat news in the September existing home sales report released by the National Association of Realtors® (NAR) on Thursday. Sales r...
Thu, Oct 20 2016, 10:13 AM
Flying to Boston for the MBA’s conference? Here’s a view you won't see. But probably a more important question is, "Is your cyber secure?" The FFIEC j...
Thu, Oct 20 2016, 9:59 AM
The Fed is the ECB President Mario Draghi's childhood hero (with 'childhood' being a metaphorical term for the infancy of the ECB's response to the 20...
Thu, Oct 20 2016, 4:44 PM
Today was pretty anticlimactic . Most of my analysis is already available in the Day Ahead. If you're not the link-clicking type, it basically says...
Thu, Oct 20 2016, 3:59 PM
Mortgage Rates were lower again today, after the European Central Bank (ECB) avoided sending any scary signals about tapering its asset purchases. Muc...
Thu, Oct 20 2016, 1:00 PM
Refinancing continued to hold its ground during September, rising from 43 percent of all loan originations in August to 45 percent. Ellie Mae's Origin...
Wed, Oct 19 2016, 10:35 AM
The management teams at residential lenders across the nation have begun forecasting for 2017. Of course no one wants to tell their boss that they exp...
Wed, Oct 19 2016, 10:16 AM
Permits for construction of residential housing improved in September after several dismal months, but housing starts retreated from both August and y...
Wed, Oct 19 2016, 9:45 AM
After worldwide rates hit all-time lows on the heels of Brexit, they consolidated in a narrow, sideways pattern until someone came up with the next pl...
Wed, Oct 19 2016, 8:48 AM
The week ended October 14 was a quiet one for mortgage applications. The week started with one of those holidays, Columbus Day, that are only partiall...
Wed, Oct 19 2016, 4:56 PM
Bond markets spent yet another day consolidating inside their recent range. In terms of 10yr yields that means rates have fallen from last Friday's h...
Wed, Oct 19 2016, 3:01 PM
Mortgage Rates were steady to slightly lower today, which keeps them fairly close to 4-month highs. 3.625% continues to be the most prevalently-quoted...
Wed, Oct 19 2016, 2:46 PM
This month CoreLogic has combined their cash sales and distressed sales data into a single report rather than the two they have issued each month sinc...
Wed, Oct 19 2016, 2:38 PM
Fannie Mae says it expect economic growth will improve on its anemic performance in the first half of 2016 in the second half of the year, rising to 2...
Tue, Oct 18 2016, 10:48 AM
The Housing Market Index (HMI), a measure of home builder confidence in the new home market, gave back a bit of its September surge this month. The Na...
Tue, Oct 18 2016, 10:07 AM
Stephen Covey said, “The key is not to prioritize what's on your schedule, but to schedule your priorities." Catchy. Speaking of schedules, my cat Myr...
Tue, Oct 18 2016, 9:47 AM
As we approach Thursday's European Central Bank (ECB) announcement and press conference, we are seeing a clearer display of underlying market motivat...
Tue, Oct 18 2016, 5:19 PM
If you've been following along with updates on MBS Live , today's recap will be old hat. Long story short, bonds have been selling off in October an...
Tue, Oct 18 2016, 4:23 PM
Mortgage Rates moved slightly lower today, depending on the lender. During the morning hours, rates were roughly unchanged and thus remained in line w...
Mon, Oct 17 2016, 10:19 AM
Americans are staying put, both in their homes and in their jobs. The two appear to be related but which is the driving force? In a recent Urban Insti...
Mon, Oct 17 2016, 10:04 AM
If you are a residential lender and volume in the 3rd quarter was up about 10% over the 2nd quarter, you’re right in line. Industry sources, including...
Mon, Oct 17 2016, 9:43 AM
The European Central Bank (ECB) has been one of the driving forces behind ultra-low rates around the world for several years, thanks to an aggressive...
Mon, Oct 17 2016, 5:33 PM
It could be a volatile week for bond markets, and that volatility could kick the ongoing negative trend into higher gear. It would have taken quite ...
Mon, Oct 17 2016, 4:36 PM
Mortgage Rates remained near 4-month highs today, despite moderate improvement in underlying bond markets. The problem for most lenders was the timing...
