Tue, Apr 5 2016, 10:42 AM
We’re off to a running start on a new quarter, with many mortgage bankers reporting great March’s and ample pipelines ready for funding in April. But ...
Tue, Apr 5 2016, 9:13 AM
The past few days of consolidation had a bullish tilt
Meaning: when yields broke out of a narrowing pattern, it was slightly more likely to be a p...
Tue, Apr 5 2016, 5:28 PM
Not only have bonds confirmed the recent move back into "the range," they've kept going strong
10yr yields hit 1.72, down 4.2bps, Fannie 3.0s up to...
Tue, Apr 5 2016, 4:22 PM
Mortgage rates moved lower today , continuing the recent trend of improvement. Investors are feeling more cautious after Fed Chair Janet Yellen e...
Mon, Apr 4 2016, 10:49 AM
Yesterday at a job interview I filled my glass of water until it overflowed a little. "Nervous?" asked the interviewer. I replied, "No, I always give ...
Mon, Apr 4 2016, 9:19 AM
Bonds continue to defy critics with 10yr yields in the 1.7's into Q2
We can't really say "it's stocks" anymore
Oil is still part of the motivati...
Mon, Apr 4 2016, 7:01 PM
MBS and Treasuries both relatively flat on the day; light volume too
Boston Fed's Rosengren struck a hawkish tone (headwind #1)
Corporate bond i...
Mon, Apr 4 2016, 5:07 PM
Mortgage rates stayed steady today , beginning the first full week of April right in line with the lowest levels in roughly 6 weeks, depending on ...
Mon, Apr 4 2016, 1:49 PM
Negative equity levels in the U.S. have dropped to rates last seen since 2006. However Black Knight Financial Services points out that, while improve...
Fri, Apr 1 2016, 11:30 AM
Private spending on residential construction remained in positive territory in February even as overall construction, especially in the public secto...
Fri, Apr 1 2016, 8:30 AM
bonds have obviously been 'up to something' since Yellen's speech
it could be that traders are showing their hands early for the next momentum move...
Fri, Apr 1 2016, 6:48 PM
MBS and Treasuries both end nearly unchanged after some intraday volatility
10's traded a range of 1.762 to 1.814. Fannie 3.0s 102-17 to 102-24
...
Fri, Apr 1 2016, 5:18 PM
Mortgage rates continued lower today , despite a fairly strong showing in the Employment Situation report. The so-called 'jobs report' is the mos...
Fri, Apr 1 2016, 4:59 PM
Freddie Mac predicted in its monthly Outlook on Thursday that 2016 might be the best year for housing in a decade with most sectors, sales, constr...
Thu, Mar 31 2016, 10:53 AM
Freddie Mac's Multi-Indicator Market Index (MiMi) is now showing that most of the nation's housing markets are, at a minimum, on the outer range of th...
Thu, Mar 31 2016, 10:07 AM
“If you work hard and go the extra mile to provide for your family…I will take that extra income and give it to those who refuse to do the same!” Was ...
Thu, Mar 31 2016, 9:46 AM
Month-end means bond traders are adjusting portfolios to match a published index
The index was a bit less friendly than expected yesterday, and bon...
Thu, Mar 31 2016, 5:37 PM
No NFP anxiety, markets are all about preparing for April
Traders think stocks will suffer and bonds will pick up the slack
Dovish Yellen helped...
Thu, Mar 31 2016, 4:12 PM
Mortgage rates dropped again today, continuing a recent trend of improvement and bringing us to the best levels seen since March 1st. Market vol...
Wed, Mar 30 2016, 8:23 AM
Yellen rally set off positive technicals
"Technicals" refers to mathematical interpretation of market movement based only on the previous market mo...
Wed, Mar 30 2016, 7:59 AM
Mortgage activity during the week ended March 25 more or less marked time. Rates were mixed and purchase loans, which increased slightly , offset ref...
Wed, Mar 30 2016, 5:44 PM
markets continue repricing rate hike expectations
shorter duration debt wins (2yr Treasuries beating 10yr)
MBS are shorter duration than 10yr, s...
Wed, Mar 30 2016, 5:20 PM
Mortgage rates held steady in most cases today, though several lenders continued to improve. The average lender is at least down to 3.75% in t...
Wed, Mar 30 2016, 1:44 PM
Lenders across the nation are switching to potlucks at the end of the month instead of catered lunches. Why? A new survey of mortgage lenders by the M...
Tue, Mar 29 2016, 12:08 PM
Is the mortgage-backed security (MBS) based on jumbo mortgage loans back on life-support? Sam Khater, CoreLogic's deputy chief economist, says it a...
Tue, Mar 29 2016, 12:06 PM
Black Knight Financial Services announced on Monday that its Home Price Index for January rose 0.1 percent from the month before and was 5.3 percen...
Tue, Mar 29 2016, 12:02 PM
Home price gains continued strong in January with the S&P/Case-Shiller indices closely tracking three of the four other major January home price repor...
Tue, Mar 29 2016, 11:41 AM
Sweden, with its population of about 9.6 million about the same as Michigan, just adopted a law limiting mortgage loans to 105 years. Our 30-year fixe...
Tue, Mar 29 2016, 9:00 AM
On these NFP weeks, one of the concepts we routinely discuss is that of the " pre-NFP lead-off. " Just to make sure we're on the same page, the "lead...
Tue, Mar 29 2016, 5:42 PM
Translating Yellen's speech today: not only is the Fed "data dependent," but it doesn't take much to deter hikes and even to contemplate ways to ease ...
Tue, Mar 29 2016, 5:00 PM
Mortgage rates moved decisively lower today, following a speech from Fed Chair Janet Yellen. While she accomplished it in several ways, Yellen's...
Tue, Mar 29 2016, 3:00 PM
If lenders' opinions count, credit standards appear to be as low as they will go, at least in the medium term. On the other hand, it appears they a...
Mon, Mar 28 2016, 12:18 PM
Banks and non-bank mortgage companies aren’t enemies, but plenty of non-bank lenders are envious of the ability of banks to offer HELOCs and other p...
Mon, Mar 28 2016, 10:42 AM
Countering an earlier disappointing report on existing home sales in February, pending home sales reached their highest levels in seven months Counte...
Mon, Mar 28 2016, 8:49 AM
As bond markets continued to grind sideways, seemingly unable to (or "not yet willing?") to break below some key technical levels (see chart), this we...
Mon, Mar 28 2016, 7:12 PM
Quiet overnight trading session with European markets closed
Economic data was mixed and left bond markets generally uninspired
Treasuries and M...
Mon, Mar 28 2016, 5:22 PM
Mortgage rates were decidedly mixed today, depending on the lender. Some were in better shape compared to last Thursday (markets were closed on ...
Thu, Mar 24 2016, 12:19 PM
Areas deemed as having homes that were less affordable than their historic norms rose by 7 percentage points from the first quarter of 2015 to the fir...
Thu, Mar 24 2016, 10:06 AM
The past year closed out with the lowest level of all-cash sales since the first days of the housing crisis. CoreLogic said on Thursday that 33.4 p...
Thu, Mar 24 2016, 9:54 AM
After a worrisome spike in January , foreclosure activity settled back down in February, with some metrics reaching multi-year lows. Black Knight Fi...
Thu, Mar 24 2016, 9:49 AM
It could be a little like the fabled barn door - closed but locking up little more than hay and manure - but the Federal Housing Finance Agency (FHFA)...
Thu, Mar 24 2016, 9:45 AM
Eligibility for specific exemptions to the Qualified Mortgage (QA) that apply to small creditors operating in rural or underserved areas Eligibility ...
Thu, Mar 24 2016, 9:31 AM
Home Value Forecast recently analyzed the impact these foreclosure laws are having on the U.S. Housing Market-particularly in the communities of Ph...
Thu, Mar 24 2016, 8:32 AM
Bond markets close early (2pm ET), and market participation should reflect the rush for the exits
Translation: liquidity and volume should die down...
Thu, Mar 24 2016, 5:10 PM
10yr yields ended the week right where they began it (1.90%)
Same can't be said of MBS, Fannie 3.0s lost ground on the week
Durable Goods data h...
Thu, Mar 24 2016, 4:18 PM
Mortgage rates reversed course today, heading back toward the higher levels seen earlier in the week. It's no mystery that rates have been payin...
Wed, Mar 23 2016, 11:30 AM
Everyone knows Pre-Fund and Post Close QC audits are essential and mandatory . But, with the ever changing agency requirements, many lenders find it ...
Wed, Mar 23 2016, 11:05 AM
Sales of newly constructed single-family homes did a partial bounce back in February from a disappointing January in which sales dropped by over 9 per...
Wed, Mar 23 2016, 9:08 AM
After breaking above 1.92%, technicals get interesting for 10yr yields
Bigger-picture uptrends in rates at risk of continuing
Last full day of t...
Wed, Mar 23 2016, 8:09 AM
There was a little bit of Groundhog Day in last week's results from the Mortgage Bankers Association's (MBA's) Weekly Mortgage Application Survey. Th...
