Wed, May 11 2016, 5:07 PM
Mortgage rates were very slightly higher today. That's counterintuitive because bond markets were slightly stronger, and that almost always coincid...
Wed, May 11 2016, 2:09 PM
Completed foreclosures were up in March, with a substantial increase compared to February, but continued to fall on an annual basis. CoreLogic said t...
Tue, May 10 2016, 10:41 AM
The net number of consumers who told Fannie Mae surveyors in April they think it is currently a good time to sell a house soared in April. However,...
Tue, May 10 2016, 10:34 AM
“Well, shakin' my moneymaker ain't ever made me a dime! And there ain't no sugar for you in this shaker of mine!” So sing Maddie and Tae. Conversely, ...
Tue, May 10 2016, 9:51 AM
The past 2 sessions only look boring on the surface
Beneath the surface, bonds have been coping with a huge glut of corporate issuance
What does...
Tue, May 10 2016, 5:38 PM
Bonds weakened initially, but bounced back during European hours
Bonds also defied rising stock prices to hold their ground
Bonds also defied ...
Tue, May 10 2016, 3:53 PM
Mortgage rates didn't move any lower today, but they earned an important distinction nonetheless. As of today, you'd have to go back 3 full years t...
Mon, May 9 2016, 10:42 AM
At a car dealership: "The best way to get back on your feet - miss a car payment.” Some believe that the CFPB has shifted its spotlight, temporarily, ...
Mon, May 9 2016, 10:09 AM
Limited data and events this week to motivate strong momentum
broader trend looking like a consolidation pattern
first major break out of that p...
Mon, May 9 2016, 5:25 PM
Bigger picture consolidation continues but no bounce toward higher rates yet
Quiet overnight session; bonds rally steadily through domestic close
...
Mon, May 9 2016, 4:45 PM
Mortgage rates moved sideways today, taking them one step closer to officially claiming the title of "3 year lows." Tomorrow marks the three year a...
Mon, May 9 2016, 1:00 PM
Is flipping back in vogue? CoreLogic, in a two-part article published in its blog says activity is up, but so far we are seeing nothing like the lev...
Fri, May 6 2016, 10:51 AM
Distressed properties represented a smaller share of all home sales once again in February. CoreLogic reports that 11.1 percent of closed sales durin...
Fri, May 6 2016, 10:48 AM
In releasing its first quarter financial results on Thursday Fannie Mae surprised some by not following Freddie Mac down the rabbit hole. The larger ...
Fri, May 6 2016, 10:47 AM
Are low-down payment buyers beginning to benefit from a price war? The Urban Institute says that the Federal Housing Market has had an edge with ho...
Fri, May 6 2016, 10:04 AM
In residential lending banks, and regulators, fret about non-banks. Do they have enough capital to originate and service loans? And everyone frets abo...
Fri, May 6 2016, 8:31 AM
NFP used to be one of the only games in town when it came to market movement
That's decreasingly true
Even though it can still definitely have a...
Fri, May 6 2016, 6:29 PM
Bonds had an OK day overall, but MBS stuck it to Treasuries
NFP 160k vs 202k forecast. Nothing interesting re: wages
Fannie 3.0s ended 1 tick...
Fri, May 6 2016, 5:09 PM
Mortgage rates moved lower today, following after the labor department reported lower-than-expected job creation in the month of April. Interesting...
Thu, May 5 2016, 9:49 AM
New programs offering low downpayment options for GSE loans weren't enough to compensate for more stringent jumbo loan standards in April. This resul...
Thu, May 5 2016, 9:45 AM
May is Older Americans Month. Underwriters probably know that about 21% of the labor force is comprised of men 65 and older and only 13.5% of women in...
Thu, May 5 2016, 9:07 AM
Bonds haven't been moving directionally in the big picture
Unless that direction is "sideways"
Let's take a step back and observe "the triangle...
Thu, May 5 2016, 4:58 PM
Heavy corporate bond issuance added pressure in AM
After that, no more sellers left in bond markets
10yr yields pulled a 6bp reversal to end 3.3...
Thu, May 5 2016, 4:24 PM
Mortgage rates held steady today, marking the 9th straight day without a move higher. 6 of those 9 days have seen mild to moderate improvements, ul...
Wed, May 4 2016, 9:56 AM
Bigger picture: bonds consolidating inside March/April range
Technicals all turning bullish, today is important confirmation
Data sensitivity is...
Wed, May 4 2016, 9:11 AM
Freddie Mac said today that the company had a net loss in the first quarter of 2016, the first time in four years that it has failed to show a pro...
Wed, May 4 2016, 9:06 AM
Most people hate getting older, but during the month of May getting older is how you get into the party. May is Older Americans Month where it is a ti...
Wed, May 4 2016, 8:55 AM
Average contract mortgage interest rates inched up again during the week ended April 29 and mortgage application activity slowed in response. The M...
Wed, May 4 2016, 5:36 PM
Very little movement overnight across multiple asset classes
ADP helped bonds slightly out of the gate
Tradeflows and late-morning economic data...
Wed, May 4 2016, 5:03 PM
Mortgage rates moved lower for the 6th day in a row today, bringing them in line with the best levels in more than a month. It should be noted, h...
Wed, May 4 2016, 1:36 PM
Fannie Mae’s Desktop Underwriter (DU) Version 10.0 kicks in June 25th, and has several changes that will significantly impact borrowers’ loan approv...
Wed, May 4 2016, 1:26 PM
A primer to the misunderstood factors that determine Jerry’s (and Shawn’s, and your) interest rates...
The excitement in Shawn’s voice was palpable...
Tue, May 3 2016, 10:43 AM
CoreLogic released the first of the major home price estimates for March on Tuesday. The company's Home Price Index (HPI) estimates for both January ...
Tue, May 3 2016, 10:38 AM
Change is all around us. The Wall Street Journal reports that the CFPB plans to bring the largest online lending platforms under its supervision by ...
Tue, May 3 2016, 10:02 AM
Bond markets threatened to bounce weaker yesterday
concern was that new month tradeflows were just the start of more selling
hope was that it ...
Tue, May 3 2016, 5:01 PM
Mortgage rates moved lower again today as stock markets tumbled. The weakness in stocks was led by the European banking sector with several big n...
Tue, May 3 2016, 5:01 PM
Gains were intact from the overnight session
massive losses in European bank stocks set the tone
Yes, Australia cut rates, but it wasn't much of...
Mon, May 2 2016, 10:21 AM
Do mortgage loan originators think that they can’t go to prison for something they did ten years ago? They'd better think again . And let's not f...
Mon, May 2 2016, 9:32 AM
Technicals were looking good late last week
But some risk that month-end trading was painting a rosy picture
we'll find out this week!
Las...
Mon, May 2 2016, 4:59 PM
Bonds had a chance to confirm the start of a new trend today
Instead, they stayed on last week's fence
Could be bad, could be nothing
ISM Pri...
Mon, May 2 2016, 4:26 PM
Mortgage rates moved just slightly lower today, despite the fact that bond markets were suggesting a move in the other direction. Mortgage rates ...
Mon, May 2 2016, 1:28 PM
Any benefits to affordability delivered by recent improvements in interest rates have been significantly downgraded or even erased by home price inc...
Mon, May 2 2016, 1:16 PM
Overall construction spending rose 0.3 percent in March to a seasonally adjusted annual rate of $1.14 trillion compared to $1.13 trillion in Februar...
Fri, Apr 29 2016, 11:29 AM
Does a financial boost from mom and dad make it more likely a young person will buy a home? It depends. And that might change.
Those statements...
Fri, Apr 29 2016, 11:26 AM
The Consumer Financial Protection Agency (CFPB) just opened the door to possible changes and refinements in its Know Before You Owe rule. The agenc...
Fri, Apr 29 2016, 10:37 AM
“They” say plenty of things about time flying as you grow older. (“Life is like a toilet paper role – the closer you get to the end the faster it goes...
Fri, Apr 29 2016, 8:31 AM
Bonds right on the edge of confirming positive shift
We need to hold ground today in order to confirm
Even then, we have to wonder about the "mo...
Fri, Apr 29 2016, 4:41 PM
European traders were month-end sellers, pushing rates higher overnight
US bond markets battled back during the domestic session
Treasuries were...
Fri, Apr 29 2016, 4:16 PM
Mortgage rates moved just slightly lower in most cases, to end the week at the best levels since April 19th. Mor importantly, the past 3 days of ...
Thu, Apr 28 2016, 12:24 PM
Home sales may be rising, but homeownership in the United States is heading down once again.
After gains in the second half of 2015, the homeowners...
