Thu, Apr 28 2016, 10:20 AM
Do legal settlements between the government and lenders really do anything to expand credit to deserving home buyers needing to borrow money? I don’t ...
Thu, Apr 28 2016, 8:24 AM
Bond rally following yesterday's Fed brings trading levels right back to the top of the previous range
holding ground today with modest gains would...
Thu, Apr 28 2016, 5:17 PM
Bonds traded either side of unchanged early in the day
Little, if any response to GDP
Bigger move seen after the end of the auction cycle
Not...
Thu, Apr 28 2016, 4:50 PM
Mortgage rates continued lower for a second straight day, ultimately making it back to levels not seen since last Tuesday. Today's improvements are...
Wed, Apr 27 2016, 11:34 AM
Pending home sales rose for the second straight month in March although the increase was less than in February. The National Association of Realtors®...
Wed, Apr 27 2016, 9:49 AM
The “Tiny Home” movement is interesting, but 84 square feet ? That is enough to store my Hot Wheels, Match Box, and slot car collections. Am I thinki...
Wed, Apr 27 2016, 9:08 AM
Fed has history of using off-cycle meetings to set stage for policy action
OK, so it has only happened one--maybe two--times.
Is now one of thos...
Wed, Apr 27 2016, 8:13 AM
Mortgage application volume fell across the board during the week ended April 22. Applications were down for both purchase mortgages and refinancin...
Wed, Apr 27 2016, 5:18 PM
Very very simple day
markets were anxious that Fed might hint at June hike
Fed did NOT hint at June hike
Markets were happy
The end
...
Wed, Apr 27 2016, 4:48 PM
Mortgage rates caught a break today! After having moved sideways or higher for the past 7 days, and spending the last 3 at the highest levels in mor...
Wed, Apr 27 2016, 2:01 PM
(additions underlined, deletions struck-through)
For immediate release
Information received since the Federal Open Market Committee met in Janu...
Tue, Apr 26 2016, 10:12 AM
Home prices in the U.S. posted a 5.3 percent increase from February 2015 to February 2016 according to the S&P/Case Shiller index covering all nine U....
Tue, Apr 26 2016, 9:18 AM
With news swirling of US Bank’s mortgage reorganization last week, let’s not forget the regulator that touches every residential lender: the CFPB. T...
Tue, Apr 26 2016, 8:31 AM
Durable Goods at 830am and Consumer Confidence are bigger ticket reports than yesterday's New Home Sales
The econ data won't have the final word on...
Tue, Apr 26 2016, 5:18 PM
Weaker Durable Goods and Consumer Confidence Didn't Help
Bonds continued slow, steady selling trend
10yr yields topped out at 1.94
Fannie 3.0...
Tue, Apr 26 2016, 4:32 PM
Mortgage rates remained in line with their highest levels in a month for the third straight day . The average lender is now quoting convention...
Tue, Apr 26 2016, 3:49 PM
Housing remains the bright spot in a darkening economic outlook according to Freddie Mac's economists. Though they have revised their forecast for ec...
Tue, Apr 26 2016, 3:45 PM
Could it be that consumers actually seem to enjoy sitting at the closing table? That appears to be one finding from a recent survey of homeowners b...
Tue, Apr 26 2016, 3:41 PM
Mortgage servicing remains a sore spot for consumers, especially those having problems paying their loans. The Consumer Financial Protection Bureau...
Mon, Apr 25 2016, 10:57 AM
The national delinquency rate as reported by Black Knight Financial Services has now dropped to levels not seen in 15 years while the serious delinq...
Mon, Apr 25 2016, 10:53 AM
March was another disappointing month for new home sales however subsequent revisions continue to positively affect earlier estimates. The Census Bur...
Mon, Apr 25 2016, 10:01 AM
I call home improvement projects ‘teaching my son to swear” jobs.” One group of folks not swearing are people in the residential lending industry – at...
Mon, Apr 25 2016, 9:22 AM
Lots of economic data on tap including some big names
Treasury auction cycle (2, 5, 7yr)
FOMC Announcement Wednesday (Bank of Japan Thursday)
...
Mon, Apr 25 2016, 5:34 PM
Active corporate bond issuance puts pressure on Treasuries
MBS only lose 2 ticks
lower oil prices were no help
European bond markets still ha...
Mon, Apr 25 2016, 5:07 PM
Mortgage rates didn't move much , if at all, today. That's not exactly what we want to see right now considering they're as high as they've been sin...
Fri, Apr 22 2016, 12:32 PM
Members of the National Association of Home Builders' (NAHB) remodeling division reported that market conditions remained about the same in the first ...
Fri, Apr 22 2016, 12:24 PM
All cash sales continued at an elevated level in January, increasing from December but accounting for a substantially lower share of sales than a year...
Fri, Apr 22 2016, 10:58 AM
What does $35 million get you in Austin, Texas? Here you go - I guess you can boost the price whenever someone mentions a "matriarch."
The priva...
Fri, Apr 22 2016, 9:46 AM
past few days = negative technical signals galore for bonds
3rd consecutive week of higher lows and higher highs for rates
momentum indicators s...
Fri, Apr 22 2016, 5:46 PM
Nothing notable happened today
Trading amounted to an inconsequential epilogue to an interesting story that ended yesterday
bonds were slightly ...
Fri, Apr 22 2016, 5:00 PM
Mortgage rates continued higher today, solidifying this week as the worst one in quite a while. Not since the first week i n November have rates ...
Thu, Apr 21 2016, 10:22 AM
Home price increases across the U.S. remained stable in February at +0.4 percent after the Federal Housing Finance Agency (FHFA) revised its original ...
Thu, Apr 21 2016, 10:18 AM
It appears that lenders have surmounted the initial difficulties they encountered with the roll-out of the new Truth-in-Lending disclosures (TRID) req...
Thu, Apr 21 2016, 10:14 AM
There is an ever growing problem about women in the workforce. Women make around 80% of what men make in the same job. Another scary fact is that the ...
Thu, Apr 21 2016, 8:56 AM
ECB leaves all rates unchanged; Draghi press conference begins now
ECB typically saves the more meaningful communications for the press conferenc...
Thu, Apr 21 2016, 5:30 PM
Draghi repeats that ECB doesn't want to cut further or print more money
Bonds and stocks pouted about that
10yr yields stayed above important 1....
Thu, Apr 21 2016, 4:41 PM
Mortgage rates picked right up where they left off yesterday: pushing into the highest levels of the month. This week has seen the fastest rise in ...
Wed, Apr 20 2016, 11:56 AM
Spring market buyers got down to business in March and existing home sales rebounded, up 5.1 percent but didn't quite recover from a disappointing F...
Wed, Apr 20 2016, 9:51 AM
Fannie Mae's economists said Friday that housing indicators continue to be mixed. In the company's April Economic and Strategic Research report Senio...
Wed, Apr 20 2016, 9:44 AM
I was just in Denver the last few days where they were gearing up for the Colorado 420 celebration. But there’s not much to celebrate if you work for ...
Wed, Apr 20 2016, 9:36 AM
Supportive, sideways trend has been intact, but under constant attack
The negative trend of "higher lows" collides with the supportive trend today ...
Wed, Apr 20 2016, 8:39 AM
In a week when rates continued holding near multi-year lows, mortgage application activity increased, but the gain during the week ended April 15 was ...
Wed, Apr 20 2016, 7:05 PM
10yr yields finally broke 1.80% ceiling, and moved quickly to break 1.84% after that
Big gains in oil definitely played a part, but technicals an...
Wed, Apr 20 2016, 5:15 PM
Mortgage rates jumped significantly higher today, relative to the almost perfectly flat trend that's been intact for more than a week. We were alre...
Tue, Apr 19 2016, 10:59 AM
There probably isn't a lot of
backslapping going on in the housing world this morning. March residential construction data released
by the U.S. Cen...
Tue, Apr 19 2016, 9:49 AM
“Drive til you qualify.” That’s a little real estate agent ditty to start a Tuesday, and this advice to buyers certainly applies to urban areas where ...
Tue, Apr 19 2016, 9:23 AM
bond markets still holding the range, but pressure is increasing
momentum studies are close to confirming negative shift
Tradeflows , technic...
Tue, Apr 19 2016, 4:22 PM
Today could have been better and worse.
Bright note: 10yr yields still holding under 1.80, mortgage rates are unchanged.
Sour note: 10's bar...
Tue, Apr 19 2016, 3:42 PM
Mortgage rates held steady again today , despite some weakness in underlying bond markets. When it comes to setting rates for the day lender rate sh...
Mon, Apr 18 2016, 10:44 AM
For the third consecutive month the Housing Market Index (HMI) was unchanged. After rising to a decade high of 65 in October, the HMI, jointly spo...
