Thu, May 12 2016, 4:48 PM
Mortgage rates moved higher again today, rising to the highest levels since last Thursday. That fact is contrary to the most of the mortgage-rate-r...
Wed, May 11 2016, 9:13 AM
The other day I was reading about customer loyalty programs. My cat Myrtle was sitting nearby, and seemed to have a look on her face as if to ask, “Ho...
Wed, May 11 2016, 8:37 AM
Despite mortgage rates that continue to hover near 2016 lows, mortgage application activity was essentially flat during the week ended May 6. Refin...
Wed, May 11 2016, 8:35 AM
Corporate issuance expected to continue
Treasury Auction cycle in full swing with 10's today and 30's tomorrow
Overseas auctions add to global s...
Wed, May 11 2016, 5:36 PM
Quiet overnight session and AM hours
unfazed by sharp gains in oil prices
bonds rallied into the afternoon and especially after the auction
1...
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...
