Mon, Jun 6 2016, 4:48 PM
Mortgage rates moved slightly higher today, erasing only some of the massive improvements seen after last Friday's jobs report. In general, most le...
Mon, Jun 6 2016, 2:12 PM
Delinquencies on home equity lines of credit (HELOCs) have increased on an annual basis twice in the six months ended in March according to Black Knig...
Fri, Jun 3 2016, 9:41 AM
“Rob, do you know of any banks looking to buy pools of home equity lines of credit?” Ah, the Holy Grail for plenty of non-bank lenders. You can check ...
Fri, Jun 3 2016, 8:17 AM
Strong, stable payroll growth is old news. Yet another NFP reading north of 150k or another 5%-ish unemployment reading are just a few more bricks in...
Fri, Jun 3 2016, 4:35 PM
Jobs reports generally don't move markets any more
But they do when they're this far from the forecast
NFP came in at 38k vs 164k
This adds t...
Fri, Jun 3 2016, 3:09 PM
Friday's disappointing jobs report is likely an anomaly, but it was bad enough to wipe out any chance that the Federal Reserve will raise interest rat...
Fri, Jun 3 2016, 2:29 PM
Mortgage rates plummeted today, relatively speaking, fully erasing the damage done 2 weeks ago after the Fed Minutes sent rates higher at the fastes...
Thu, Jun 2 2016, 10:20 AM
What do buyers worry about as they shop for a home? It turns out one growing concern is other buyers like them.
A Redfin survey of nearly 1,000 ...
Thu, Jun 2 2016, 10:08 AM
Mortgage credit access continued to inch down in May. The Mortgage Bankers Association said its Mortgage Credit Availability Index (MCAI) decreased t...
Thu, Jun 2 2016, 9:53 AM
Last night in Texas I had dinner with Seattle AE Bryson Bede and regional manager Dennis Waller from Parkside Lending. The discussion was focused ...
Thu, Jun 2 2016, 8:19 AM
ADP data rescheduled for today
ECB Press Conference on tap
Not much else by way of data
Slow trickle of gains makes for potential momentum sh...
Thu, Jun 2 2016, 4:30 PM
Bonds rallied on rate-friendly press conference from European Central Bank
Gains subsided as Europe closed
Bounce in oil and stocks may have con...
Thu, Jun 2 2016, 3:21 PM
Mortgage rates rose modestly today, despite improvements in underlying bond markets. This was in line with our discussion about "the catch" associa...
Wed, Jun 1 2016, 10:50 AM
Construction spending continued to disappoint in April, but unlike in the preceding three months, residential construction also declined. The Census...
Wed, Jun 1 2016, 9:53 AM
How high is too high? When it comes to home prices the wounds left from the Great Recession make this question an important one. Amidst that event, ...
Wed, Jun 1 2016, 9:36 AM
Fed Chair Janet Yellen appears to be doing her part to warn the markets that the odds of a short-term rate hike in the next few months are pretty goo...
Wed, Jun 1 2016, 8:21 AM
Applications for mortgages slowed appreciably during the week ended May 27 and average mortgage rates scattered in all directions. The Mortgage Ban...
Wed, Jun 1 2016, 8:20 AM
Yesterday was tense at moments, with several attempts made to break the range
Not only did the range hold, but we quickly moved back to the other s...
Wed, Jun 1 2016, 4:44 PM
Bond markets stronger overnight
New 2-week lows in 10yr yields, but weaker bounce after ISM
Biggest issue with ISM was Prices Paid (63.5 vs 59.8...
Wed, Jun 1 2016, 3:49 PM
Mortgage rates fell to their lowest levels in roughly two weeks this morning. That's a seemingly positive statement, but while it's true, there are...
Tue, May 31 2016, 10:42 AM
The annual pace of price gains nationally slowed slightly in March according to the S&P Case-Shiller National Home Price Index. The 10- and 20-City C...
Tue, May 31 2016, 10:17 AM
Research by the EBRI on retirement finds while 67% of workers plan to work for pay in retirement, only 27% of retirees do so. Of the retirees who work...
Tue, May 31 2016, 8:29 AM
Last week's moderate resilience could have been temporary due to 'month-end'
This could also help today, to some extent
If it doesn't, it's the ...
Tue, May 31 2016, 5:05 PM
Bonds opened weaker as Yellen's Friday comments reverberated
data was largely ignored
Bonds rallied after Brexit poll and technical ceiling in 1...
Tue, May 31 2016, 3:42 PM
Mortgage rates were generally unchanged to begin the short work-week for financial markets, though that wasn't the case at first. Earlier this morn...
Fri, May 27 2016, 12:48 PM
Mortgage rates were sideways to slightly lower today, depending on the lender. Financial markets closed early for Memorial Day weekend, and will be...
Fri, May 27 2016, 10:01 AM
Do you think your company’s computer system is immune from hacking? It’s not a matter of “if” but “when” – just ask Equifax about its data breaches...
Fri, May 27 2016, 8:27 AM
GDP at 8:30am won't matter
Consumer Sentiment at 10am won't matter
Yellen at 10:30am (and 1:15pm) won't matter
All of the above--but especial...
Fri, May 27 2016, 2:05 PM
GDP was +0.8 vs +0.9 forecast this morning
Consumer Sentiment was 94.7 vs 95.4
Inflation expectations were the lowest since 2010
But markets ...
Thu, May 26 2016, 10:48 AM
Home prices appreciated in the first quarter of 2016 by 1.3 percent compared to the fourth quarter of 2015. The Federal Housing Finance Agency (FHFA)...
Thu, May 26 2016, 10:45 AM
This morning's strong pending home sales report was the third upbeat April housing indicator. The National Association of Realtors® (NAR) said its P...
Thu, May 26 2016, 10:23 AM
According to Reuters, the NY state financial regulator is gearing up to launch an investigation into the entire online lending industry . (The regu...
Thu, May 26 2016, 10:13 AM
The nation's housing market continues to improve and the spring home buying season appears to be off to a strong start according to a Freddie Mac re...
Thu, May 26 2016, 9:02 AM
Less about data and more about Fed outlook
3.5-day weekend is also a consideration for tradeflows
2 distinct options correspond to holding vs b...
Thu, May 26 2016, 5:59 PM
Early month-end trading environment provided constant support
Strong Durable Goods headline didn't matter
gains were linear into the noon hour, ...
Thu, May 26 2016, 5:23 PM
Mortgage rates moved modestly lower today. Given that rates had spiked last Wednesday and haven't moved too much since then, today's improvement wa...
Wed, May 25 2016, 9:20 AM
The Urban Institute says one solution to the nation's high rental costs is an old one, but financing may be making it unnecessarily inaccessible. L...
Wed, May 25 2016, 9:11 AM
It is hard to trace what happens to the fines levied against company by various regulators seeking to make a name for themselves. But one agency is a ...
Wed, May 25 2016, 9:02 AM
Today brings 5yr Treasury auction = "supply pressure"
Technical analysis is still negative
Still, we can hope to get lucky with help from 'mont...
Wed, May 25 2016, 7:58 AM
Mortgage applications increased last week driven by a significant uptick in applications for purchase mortgages. Refinance volume rose only fraction...
Wed, May 25 2016, 4:34 PM
Bonds have been sideways to slightly weaker since last week's FOMC Minutes
Markets not only coming to terms with increased June/July rate hike odds...
Wed, May 25 2016, 4:12 PM
Mortgage rates didn't move much today, depending on the lender. Most of the movement seen was toward slightly higher levels. The bond markets that...
Tue, May 24 2016, 10:34 AM
New home sales surged in April after a disappointing report in March. The Census Bureau and the Department of Housing and Urban Development said toda...
Tue, May 24 2016, 10:29 AM
CoreLogic has looked at an apparent contradiction in purchase loan originations that has emerged since the housing bubble burst. Why, CoreLogic econo...
Tue, May 24 2016, 9:56 AM
What do banks have that non-bank residential lenders don’t? The fifth annual “State of Financial Marketing” survey conducted by The Financial Brand ...
Tue, May 24 2016, 9:11 AM
Bonds continue sideways grind in bigger picture
Lots of focus remaining on Oil prices in news and analytical community
Is it justified?
As...
Tue, May 24 2016, 5:37 PM
Bonds were weaker throughout European hours (3am to 1pm)
Stock prices moved significantly higher and were well-correlated with bond losses
10yr ...
Tue, May 24 2016, 5:08 PM
Mortgage rates were mixed today, depending on the lender. Some lenders adjusted rates higher in the middle of the day to reflect bond market weakne...
Mon, May 23 2016, 10:03 AM
Apparently the foreclosure crisis is no longer particularly newsworthy . We conclude that because, for the first time in recent memory, RealtyTrac, ...
Mon, May 23 2016, 9:50 AM
My memory's not as sharp as it used to be. Also, my memory's not as sharp as it used to be. The Bureau of Labor Statistics reports nearly 20% of Ameri...
