Fri, Nov 13 2015, 6:24 PM
If you happened to tune in for today's mid-day commentary , that was essentially the recap for today. But who likes opening links? So here's anothe...
Fri, Nov 13 2015, 5:03 PM
For the third straight day, mortgage rates have avoided moving any higher . Each of the past two days have seen only modest improvements. That ...
Fri, Nov 13 2015, 1:58 PM
It's still not making a ton of sense to refer to bond markets as moving in the same way that other markets are, but today is as close as we've gotten ...
Thu, Nov 12 2015, 10:59 AM
WalletHub published its findings from analyzing the 2015 best and worst small cities in America .
The analysis compared 1,268 U.S. cities with a po...
Thu, Nov 12 2015, 7:33 AM
Earlier this week, bond markets came to a fork in the road. There are two options for the next chapter in the current adventure. While neither is li...
Thu, Nov 12 2015, 7:06 PM
With today's 30yr Treasury auction and slate of corporate issuance, bond markets have worked through much of this week's supply. Neither had any prof...
Thu, Nov 12 2015, 5:08 PM
Mortgage rates finally had a winning day, but just barely . Underlying bond markets were actually mixed on the day, but this gave lenders enough s...
Thu, Nov 12 2015, 3:36 PM
The National Association of Realtors® (NAR) is calling the third quarter of 2015
unquestionably the best quarter for the housing market in a decade...
Thu, Nov 12 2015, 1:44 PM
Bond markets had an uneventful overnight session as they shook the rust off from Wednesday's Veterans Day closure. Bond-friendly comments from Europe...
Wed, Nov 11 2015, 1:31 PM
Today is November 11 th ,
Veterans Day. The bond markets are closed, as are many companies, but
what does this date represent? (On a personal note...
Wed, Nov 11 2015, 1:13 PM
Mortgage rates rose sharply during the week ended November 6. Most contract rates had an average basis
point increase near double digits, returni...
Tue, Nov 10 2015, 12:34 PM
Apparently, issuers of corporate debt thought it would be best to get it out of the way early this week--perhaps with an eye on the mid-week holiday a...
Tue, Nov 10 2015, 10:27 AM
Consumer attitude appeared more
volatile or perhaps indecisive according to their responses to October's National
Housing Survey. Fannie Mae sa...
Tue, Nov 10 2015, 10:11 AM
Title companies , as well as real estate agents , find themselves in the middle of the MSA discussion.
Marketing and Services Agreements (MSAs) whe...
Tue, Nov 10 2015, 7:33 AM
We've talked a lot about 'repricing Fed rate hike expectations' of late, and the fact that this repricing has been accomplished via the recent sell-of...
Tue, Nov 10 2015, 5:20 PM
Bond markets may not have embarked on a thunderous stampede back into positive territory today, but at least they put a green mark on the daily char...
Tue, Nov 10 2015, 3:50 PM
Mortgage rates did something they haven't done on any other day so far this month. They avoided moving higher. While that's a welcome change, to...
Tue, Nov 10 2015, 2:56 PM
The judicial foreclosure states appear to finally be
clearing out their long-clogged foreclosure pipeline as foreclosure inventories
declined notabl...
Mon, Nov 9 2015, 10:10 AM
The
end of the year is in sight. Banks are doing their usual search for CRA
loans, employees are lining up Christmas parties, and...bidding on cat...
Mon, Nov 9 2015, 7:34 AM
Until last Friday morning, there was still too much disagreement about what might happen at the Fed's December meeting. The debate was definitely lop...
Mon, Nov 9 2015, 5:16 PM
Bond markets kept on doing what they've been doing every day so far in November: selling-off. Actually, if you'd like to look at it in slightly more...
Mon, Nov 9 2015, 4:14 PM
Mortgage rates continued pressing into the highest levels since July --themselves the highest levels of the year. In just over a week, the most ...
Mon, Nov 9 2015, 2:35 PM
Freddie Mac is counting on an approach to delinquent borrowers
it developed during the foreclosure crisis to forestall any new problems some
of thos...
Mon, Nov 9 2015, 1:37 PM
Last Friday's NFP had immediate implications for financial markets. It meant that there could now be a relatively unanimous agreement on a December r...
Fri, Nov 6 2015, 10:50 AM
When the question is asked whether or not it is a good time
to buy a house the flip side is always "or is it better to rent?" The answer usually has...
Fri, Nov 6 2015, 10:18 AM
The share of first-time buyers is at the second lowest level
in over 30 years the National Association of Realtors (NAR) said on
Thursday. The 2015...
Fri, Nov 6 2015, 10:05 AM
"Every
saint has a past, and every sinner has a future." The mortgage industry
has both, and it is important to remember that individuals and
co...
Fri, Nov 6 2015, 7:33 AM
The inspiration for today's notes comes--as it sometimes does--from something I read and wholeheartedly disagreed with. The piece in question isn't b...
Fri, Nov 6 2015, 5:26 PM
Mortgage rates leaped significantly higher today, following an exceptionally strong jobs report. Typically released on the first Friday of every ...
Fri, Nov 6 2015, 5:25 PM
Today's jobs data was every bit as strong as the last one was weak. Remember that? A month ago, the thesis was that there were no silver linings i...
Fri, Nov 6 2015, 1:16 PM
Bond markets may well have been able to imagine a situation where NFP came in weak enough for some traders to doubt the Fed's resolve in hiking rates ...
Thu, Nov 5 2015, 10:50 AM
It seems that
homeowners can again reasonably expect that investing in a home might be a real
investment . While buying a home
certainly isn't a ...
Thu, Nov 5 2015, 10:45 AM
An increase in conforming loan program offerings helped
boost the Mortgage Bankers Association's (MBA's) measure of credit access in
October. MBA...
Thu, Nov 5 2015, 9:44 AM
The MBA spread the word that in Congress the House is going to vote today on ending "using gfees to support the highway program " today. "We sent a ...
Thu, Nov 5 2015, 8:50 AM
For some of you, the current goings-on in markets will make lots of sense and indeed, further analysis can't help but be redundant. If that's you, fe...
Thu, Nov 5 2015, 5:24 PM
If you're just looking at the 2-day chart, bond markets did a decent job of pushing back toward positive territory today. That was especially true ...
Thu, Nov 5 2015, 4:17 PM
Mortgage rates rose at a slightly gentler pace today, but that's little consolation considering that any move higher increasingly pushes into the ...
Thu, Nov 5 2015, 1:02 PM
I made a reference to the methodical nature of the recent bond market weakness in t his morning's commentary . Today's trading has simply marked ...
Wed, Nov 4 2015, 9:06 AM
No
sooner does the commentary (once again) mention cyberattacks than the
FFIEC comes out with a bulletin yesterday on the escalating number of ...
Wed, Nov 4 2015, 8:12 AM
Mortgage application
volume was essentially flat during the week ended October 30. The Mortgage Bankers Association (MBA) said
its Market Composi...
Wed, Nov 4 2015, 8:11 AM
It's a special time for bond markets where the interest of bulls and bears are relatively aligned . Unfortunately for those of us watching from the ...
Wed, Nov 4 2015, 5:24 PM
Bonds began the day in fine shape, but not without a good amount of assumed anxiety ahead of data and Yellen. Still, Treasuries did reasonably well...
Wed, Nov 4 2015, 4:15 PM
Mortgage rates maintained their upward momentum today, rising to the highest levels since late September after Janet Yellen confirmed the Fed's ra...
Wed, Nov 4 2015, 3:32 PM
Sales of distressed properties, an
increasingly negligible portion of all home sales, slipped even further in
August. Sales of lender owned or RE...
Wed, Nov 4 2015, 3:28 PM
Fannie Mae has released another set of changes to its Selling Guide. The changes are in the following categories:
Refund of Loan-Level Price Ad...
Wed, Nov 4 2015, 1:33 PM
This morning's economic data had moderate impact on bond market trading levels. The two key releases were ADP Employment and ISM Non-Manufacturing....
Tue, Nov 3 2015, 10:58 AM
Mortgage lenders may be missing out on an opportunity to
offer consumers something they are asking for - a wider use of mobile
technology in the m...
Tue, Nov 3 2015, 10:49 AM
After two months of 6.9 percent annual home price increases the September gain
reported by CoreLogic slipped slightly .
The company said its Home ...
Tue, Nov 3 2015, 10:46 AM
Are
we heading for a "Pearl Harbor" type event in the internet? Possibly,
and cyber security is certainly becoming critical . And it just isn't
...
Tue, Nov 3 2015, 8:18 AM
10yr yields hit the highest levels since September 25th yesterday, but that's about the most interesting thing that could be said about the trading ...
