Mon, Apr 18 2016, 10:42 AM
“Control the rules, control the outcome.” This old saying will be of particular interest in upcoming political events… or mortgage company lawsuits & ...
Mon, Apr 18 2016, 10:13 AM
2 separate narratives this week: market movement and housing data
tall order for housing data to drive market movement, except in extreme cases
...
Mon, Apr 18 2016, 5:26 PM
Most of last week's trading pushed rates slightly higher (i.e. short positions)
Short positions were covered before the weekend, helping rates fall...
Mon, Apr 18 2016, 4:37 PM
Mortgage rates held steady today , leaving them just off the lowest levels in nearly three years. Market conditions were somewhat volatile surroundi...
Fri, Apr 15 2016, 10:46 AM
An estimated 33,000 delinquent Fannie Mae and Freddie Mac (GSE) borrowers may be eligible for a new one-time principal reduction An estimated 33,000 ...
Fri, Apr 15 2016, 10:32 AM
Yes, every week it seems like the airwaves are filled with news from the government-sponsored enterprise landscape. This week was no exception. The FH...
Fri, Apr 15 2016, 9:31 AM
One explanation for bonds' recently negative trend could have to do with stocks
Not a direct correlation, but big-picture developments could affe...
Fri, Apr 15 2016, 4:23 PM
Mortgage rates improved slightly today , bringing them back toward the lowest levels in nearly three years. With all of the headlines to that effect ...
Thu, Apr 14 2016, 9:37 AM
The Mortgage Bankers Association's (MBA's) most recent regular report on mortgage application volume released on Wednesday indicated a sudden pick-up...
Thu, Apr 14 2016, 9:35 AM
Despite what was termed a seasonal increase in March, foreclosure activity in the first quarter of 2016 was at its lowest level in nine years . Re...
Thu, Apr 14 2016, 9:28 AM
Foreclosure activity continues to decline but the change year-over-year in February was minimal, actually smaller than the decrease from January to Fe...
Thu, Apr 14 2016, 9:23 AM
I found this article particularly enticing considering the change in banking/regulatory models over the last few years, and the downside risk for an...
Thu, Apr 14 2016, 8:29 AM
Positive trend in bonds that began in mid March is over
a break above 1.80% in 10yr yields would reinforce creation of new negative trend
CPI ...
Thu, Apr 14 2016, 4:20 PM
European bond markets helped push Treasuries weaker overnight
10yr yields hovered near 1.80%, the upper end of the recent range
Once again, econ...
Thu, Apr 14 2016, 3:26 PM
It's that time again! Thursday rolls around and Freddie Mac releases its weekly mortgage rate survey. Most major media outlets subsequently craft he...
Wed, Apr 13 2016, 10:51 AM
The battle over the future of the two government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac took another turn on Monday, this time one th...
Wed, Apr 13 2016, 10:44 AM
There is a lot of news today, ranging from political maneuvering through Chase’s earnings and on to the PHH/CFPB court case. But how about this one: ...
Wed, Apr 13 2016, 8:30 AM
The recent downtrend is broken
The slightly broader sideways range is now close to being broken
Retail Sales may decide the fate of the range
...
Wed, Apr 13 2016, 8:04 AM
Mortgage applications made a strong showing during the week ended April 8 and for the first time in a while the gains were fairly evenly distributed b...
Wed, Apr 13 2016, 5:23 PM
Momentum was weaker into the morning
European bond gains helped Treasuries hold under supportive ceiling
Stocks kept arguing for bond weakness, ...
Wed, Apr 13 2016, 4:41 PM
Mortgage rates pulled up just slightly today after spending the past few days near 3-year lows. The weakness in rates is in line with our discus...
Tue, Apr 12 2016, 10:33 AM
Every CPA out there knows that in the District of Columbia, this Friday, April 15th, is Emancipation Day . Therefore, taxes aren't due until Monday t...
Tue, Apr 12 2016, 9:22 AM
What's a Bund and why does it matter? (Hint: the benchmark for European bond markets)
Bunds and Treasuries threatening to bounce to high side of...
Tue, Apr 12 2016, 5:39 PM
Stocks and oil still questionable as primary motivators for bonds
European bonds and Treasuries suffered a tradeflow/technical reversal
Stocks a...
Tue, Apr 12 2016, 4:18 PM
Mortgage rates managed to hold steady today despite weakness in underlying bond markets. That means the rates being offered by lenders are subst...
Tue, Apr 12 2016, 2:36 PM
Year-end figures released on Tuesday by the Mortgage Bankers Association (MBA) shows that profits in at least one sector of mortgage lending increase...
Tue, Apr 12 2016, 2:32 PM
Ever wonder how your life or that of your children might be different had you or they had grown up in a different community? Harvard economists Raj C...
Mon, Apr 11 2016, 10:46 AM
Reuters is reporting that Wells Fargo & Co has agreed to pay a record $1.2 billion to resolve a dispute with the Justice Department over mortgages i...
Mon, Apr 11 2016, 9:54 AM
Last week I was in Coeur d’Alene (for Banner Bank’s sales staff celebrating a great 2015) and I was reminded that tomorrow is “Free Cone Day” at Ben &...
Mon, Apr 11 2016, 9:10 AM
Week gets off to slow start with limited data and events on Mon
Tuesday brings several Fed speakers, but not much data
Data ramps up by Wed with...
Mon, Apr 11 2016, 4:21 PM
Bonds were weaker overnight and lost more ground early
intermediate range boundaries held (1.755 in 10yr yields) as a ceiling
Bonds came back q...
Mon, Apr 11 2016, 3:57 PM
The CFPB's 2015 Annual Consumer Mortgage Experience report dealt with the major sources of dissatisfaction reported by homeowners with the originati...
Mon, Apr 11 2016, 3:20 PM
Mortgage rates were little changed today , keeping them in line with the lowest levels in nearly 3 years. Specifically, there have only been 2-3 ...
Fri, Apr 8 2016, 12:20 PM
onsumer pessimism appears to be eroding Fannie Mae's Home Purchase Sentiment Index (HPSI) which this month posted its lowest reading in 18 months. Th...
Fri, Apr 8 2016, 10:58 AM
The post office lowering postage rates this weekend is good. Student loan performance is not: more than 40% of student loan borrowers are either not...
Fri, Apr 8 2016, 9:10 AM
Light data day in the springtime: trading may be more about housekeeping than making any new bets on big-picture momentum
Trend has been positive f...
Fri, Apr 8 2016, 4:51 PM
Treasuries were under pressure from a correction in European markets (stocks and bond yields higher) overnight
MBS and Treasuries opened noticeably...
Fri, Apr 8 2016, 2:38 PM
Mortgage rates didn't necessarily improve today --some lenders were worse-off actually--but merely holding steady on average, rates are ending the...
Thu, Apr 7 2016, 12:49 PM
Distressed residential sales inched up a bit month-over-month in January but have been relatively stable over the last year. CoreLogic said on Thursd...
Thu, Apr 7 2016, 12:14 PM
Despite an easing of government loan access, the overall availability of mortgage credit dipped slightly in March the Mortgage Bankers Association (...
Thu, Apr 7 2016, 10:19 AM
It is wrong to say that all Millennials are living with their parents watching reruns of “The Wild Thornberrys.” Many are out there accumulating wealt...
Thu, Apr 7 2016, 9:23 AM
There's a lot of attention being paid to oil right now
There have been moments of correlation between oil and bond yields
How much of the relati...
Thu, Apr 7 2016, 5:30 PM
European stock weakness/bond strength ruled the day
Treasuries, stocks, oil, all followed Europe until Europe closed, then went their own ways
G...
Thu, Apr 7 2016, 4:46 PM
Mortgage rates moved lower today , but not by much. Bond market levels typically dictate mortgage rate changes in fairly short order. Oftentimes...
Wed, Apr 6 2016, 10:20 AM
What does $1.45 million get you in Nashville? Well, if you don't mind buying a house from Kesha, this is what you'd have .
The S&P/Case-Shiller 20...
Wed, Apr 6 2016, 9:22 AM
Bonds were weaker into the March 16th FOMC meeting, but that marked a turning point
It also marked a turning point for European bond markets, which...
Wed, Apr 6 2016, 8:36 AM
After six straight weeks of declining volume refinancing experienced a minor resurgence during the week ended April 1. The rebound more than offset ...
Wed, Apr 6 2016, 4:58 PM
Bonds weaker WAY before Fed Minutes
Oil, stocks and European bonds hurt Treasuries overnight
Oil kept pressure on with 10:30am inventory data ...
Wed, Apr 6 2016, 4:10 PM
Mortgage rates moved higher today , pulling away from yesterday's long-term lows. Today's move wasn't extreme, by any means. It simply brings ra...
Tue, Apr 5 2016, 10:45 AM
It will be interesting to see if CoreLogic's estimates for monthly and annual price increases for February are the strong outliers they were in Janu...
