Fri, Dec 4 2015, 5:26 PM
Mortgage rates fought back today , following their biggest single-day jump in more than 2 years on Thursday. Today's significant event was the Emp...
Fri, Dec 4 2015, 2:07 PM
This morning's NFP data came in just a bit hotter than expected at 211k vs a median forecast of 200k. Revisions were fairly strong, but wage growth...
Thu, Dec 3 2015, 10:55 AM
Once
again we can all listen to the yammering about the Federal Reserve's
Open Market Committee meeting. But for those who would actually like to ...
Thu, Dec 3 2015, 10:03 PM
It was Draghi! Not Yellen!
You know me (maybe?). I hate those cheesy headlines with the "THIS" that alludes to what the headline should have jus...
Thu, Dec 3 2015, 7:33 AM
Remember 2011-2012? Sure there was some fun domestic stuff, like the first major debt ceiling battle, Operation Twist, and QE3, but for the most part...
Thu, Dec 3 2015, 7:13 PM
Mortgage rates were crushed today , moving higher at the fastest single-day pace since 2013. The average lender saw a full eighth point hike in 30...
Thu, Dec 3 2015, 5:14 PM
When it comes to mortgage risk there is a lot of good news. Sam
Khater, CoreLogic's Deputy Chief Economist says in the current issue of the
comp...
Thu, Dec 3 2015, 1:46 PM
The headline is no joke . In terms of the change from the previous close, bond market have lost more ground today than any other day since mid 2013....
Wed, Dec 2 2015, 10:53 AM
"I
spent half my money on gambling, women, and booze. The other half I
wasted." Not that politicians would ever waste money - after all, they
ca...
Wed, Dec 2 2015, 9:10 AM
Mortgage applications during the week ended November 27 were generally
higher on an adjusted basis and much lower on an unadjusted basis due to the...
Wed, Dec 2 2015, 7:32 AM
I saw a lot of this type of stuff yesterday, both in the news and in less public circles: something to the effect of the recently weak data giving th...
Wed, Dec 2 2015, 7:14 PM
Bond markets had been trending in an unfriendly direction all day . The charts on the dashboard don't capture the strength of the trend because it b...
Wed, Dec 2 2015, 5:05 PM
Coming off their best day in over a month, mortgage rates held mostly steady today,
although some lenders were slightly higher. This is somew...
Wed, Dec 2 2015, 4:24 PM
Is it our imagination or has the return to normal levels of
distressed home sales become an agonizing endurance test? Despite a nearly steady down...
Wed, Dec 2 2015, 2:17 PM
Yesterday's ISM data may have sparked some hope for a long-shot, come-from-behind, Cinderella story victory for a weak economy making an argument agai...
Tue, Dec 1 2015, 10:25 AM
Home price appreciation, which had decelerated somewhat in
September, regained momentum in October.
CoreLogic's Home Price Index (HPI) dropped ba...
Tue, Dec 1 2015, 10:23 AM
In response to yesterday's blurb about the movie "Home Alone" being 25 years old Carol K. sent, "You know you're old when you watch 'Home Alone' and w...
Tue, Dec 1 2015, 8:51 AM
The end of November was a supportive environment for longer-dated Treasuries like 10yr notes and 30yr bonds. The MBS that most directly affect rate...
Tue, Dec 1 2015, 5:43 PM
Granted, it would be a long shot, and it would require the rest of the week's data playing along, but bond markets are suddenly considering that the r...
Tue, Dec 1 2015, 4:24 PM
Mortgage rates had their best day in over a month today. It was also the first day with any legitimate movement in nearly three weeks. Over that...
Tue, Dec 1 2015, 2:50 PM
Both overall construction spending and spending for
residential purposes in October was little changed from September according to
data released by ...
Tue, Dec 1 2015, 1:56 PM
Bond markets are in the midst of their best day of trading since October 2nd. For perspective, that says less about how strong things are today and m...
Mon, Nov 30 2015, 12:40 PM
In many ways, today still has the feel of the holiday-shortened Thanksgiving week. Markets have been slow to move and generally not interested in rea...
Mon, Nov 30 2015, 10:58 AM
There was a slight uptick in contract signings for home
purchases in October after two straight months of declines. The National Association of Re...
Mon, Nov 30 2015, 9:30 AM
Hiring
can be tough during the holidays for a variety of reasons. Plenty of
people don't want to make a move, have full pipelines destined to clo...
Mon, Nov 30 2015, 8:28 AM
While there were plenty of scheduled data and events last week, their impact was severely limited by the holiday trading dynamics (where bonds usually...
Mon, Nov 30 2015, 5:40 PM
Mortgage rate drama has been on an unapologetic, no-holds-barred, "couldn't-care-less" sort of vacation for the past 2-3 weeks . There have only...
Mon, Nov 30 2015, 5:37 PM
Today was a largely uneventful return from the extended weekend with bond markets doing very little to react to news or economic reports. Chicago PMI...
Fri, Nov 27 2015, 11:28 AM
There
are 50 states in the U.S., and 3007 counties in those states. (The
numbers of counties per state ranges from the 3 in Delaware to 254 in
T...
Fri, Nov 27 2015, 8:49 AM
Welcome to the slowest day of the year for bond markets. While markets are technically "open" until 2pm Eastern, that only means that the 2 or 3 peop...
Fri, Nov 27 2015, 1:58 PM
Mortgage rates did absolutely nothing today. In fact, some lenders were not even open for business today. Those who were, generally made no disc...
Fri, Nov 27 2015, 1:54 PM
Black Friday is billed as the lightest day of the year for bonds, and today did not disappoint. Fannie 3.5s drifted sideways in a 2 tick range (narro...
Fri, Nov 27 2015, 1:46 PM
We noted a few months ago that Freddie Mac's monthly Insights and Outlook had changed in both
format and publication schedule and credited those ch...
Fri, Nov 27 2015, 1:39 PM
Since demographics, Freddie
Mac says, drive the housing market, the company's economists focused part of
its November Insights and Outlooks on
th...
Wed, Nov 25 2015, 11:53 AM
New home sales in October reversed their sharp downturn in
September and also bucked other recent sales trends, rising by a substantial 10.7
perce...
Wed, Nov 25 2015, 10:51 AM
Price increases did not slow in the
third quarter as expected the Federal Housing Finance Agency (FHFA) said
today. The agencies purchase-only
s...
Wed, Nov 25 2015, 10:46 AM
As a reminder, the FFIEC has released a new version of the IT Management Booklet , available here . The Federal Financial Institutions Examination C...
Wed, Nov 25 2015, 8:51 AM
Mortgage applications were a bit of a mixed bag during the week ended
November 20, a week in a hammock strung between two holidays. The Mortgage B...
Wed, Nov 25 2015, 7:56 AM
It's the day before before Thanksgiving, and bond markets couldn't be any less interesting if they tried. Have you ever been so enticed to continue r...
Wed, Nov 25 2015, 6:09 PM
Trading activity was fairly decent in bond markets today--especially considering the seasonal norms, though this is largely a factor of Thanksgiving f...
Wed, Nov 25 2015, 5:12 PM
Mortgage rates broke from tradition today by maintaining an almost perfectly flat trajectory leading up to Thanksgiving. This time of year is typ...
Wed, Nov 25 2015, 1:28 PM
Bond markets have had plenty of would-be market movers thrown in their general direction today. This began in the overnight session with massive mo...
Wed, Nov 25 2015, 1:15 PM
In short, the general loan limits remain unchanged from 2015's levels, but several high-cost county limits have been increased . As a reminder, Fa...
Tue, Nov 24 2015, 10:55 AM
Black Knight Financial Service's monthly "first look" at
October month-end mortgage performance standards continues to show a steady
decline almos...
Tue, Nov 24 2015, 10:54 AM
Home prices continue to rise faster than
the rate of inflation and the increase speeded up again in September. The S&P/Case-Shiller U.S. National ...
Tue, Nov 24 2015, 10:45 AM
Nonbank online lender CashCall
has paid $2 million in restitution and fines to settle California state
allegations that the company duped consum...
Tue, Nov 24 2015, 7:34 AM
As is often the case on the week of Thanksgiving, the regularly-scheduled economic data continues apace, even if it must be crammed into fewer days th...
Tue, Nov 24 2015, 5:39 PM
This continues to be one of the most anomalous Thanksgiving weeks in the history of Thanksgiving weeks--at least as far as bond markets are concerne...
Tue, Nov 24 2015, 4:47 PM
Mortgage rates held steady today on average, with a few lenders improving almost imperceptibly. The most prevalently-quoted conventional 30yr fix...
Tue, Nov 24 2015, 1:43 PM
The only significant development for markets today in terms of news or economic data was the overnight news that Turkey shot down a Russian fighter je...
