Thu, Jan 7 2016, 8:26 PM
Bond markets continue being forced to go wherever global equities markets tell them to go. The sheer scale of the selling in China, Europe, and the U...
Thu, Jan 7 2016, 5:06 PM
Mortgage rates inched slightly lower today, adding to an already impressive string of improvements in the new year. Rates typically take most of th...
Wed, Jan 6 2016, 10:15 AM
The Wall Street Journal reports banks are beefing up cybersecurity defenses
by taking actions that include banning employees from using USB drives...
Wed, Jan 6 2016, 9:51 AM
The Mortgage Bankers Association (MBA) is playing catch-up this morning
after a two week holiday hiatus for its Weekly Mortgage Applications
Survey....
Wed, Jan 6 2016, 9:06 AM
Bond markets are coming out of the overnight session with a pleasantly surprising advantage, and a good reminder that our fate can be influenced by m...
Wed, Jan 6 2016, 6:31 PM
Bond markets had a great day. Right from the start of the overnight session, Asian equities markets were pulling global bond yields and stock price...
Wed, Jan 6 2016, 5:27 PM
Mortgage rates moved respectably lower today, nearly making it to the best levels in a month. Whereas the average conventional 30yr fixed quote h...
Tue, Jan 5 2016, 11:43 AM
Freddie Mac is dismissing concerns of some analysts that the
change in the Federal Reserve's monetary policy may bode ill for the housing
industry. ...
Tue, Jan 5 2016, 11:22 AM
Lots of flex in the estimates of home price increases as we
reach the end of the year. Last week
Case-Shiller put the number (as of October) at 5....
Tue, Jan 5 2016, 11:03 AM
For
anyone who likes numbers, the U.S. Census Bureau projected the United
States population was 322,762,018 on Jan. 1. This is an increase of
2,...
Tue, Jan 5 2016, 7:33 AM
Bond markets are currently in a sort of disheartening position. The Fed rate hike means that most rates should move higher, even if that happens wi...
Tue, Jan 5 2016, 5:41 PM
Although there were no significant economic reports on tap today, bond markets still faced a few hurdles--more than 20 billion of them, in fact. That...
Tue, Jan 5 2016, 5:12 PM
Mortgage rates were essentially unchanged for many lenders today and just barely higher for others. There were no major sources of inspiration as...
Mon, Jan 4 2016, 10:23 AM
"Rob,
I can't help but notice the enormous TRID frustration among so many of
your readers. While we/MBA were successful in getting the letter fr...
Mon, Jan 4 2016, 7:33 AM
There are several types of traders that play key roles in the bond market. Their motivations and concerns can be surprisingly diverse . For instanc...
Mon, Jan 4 2016, 6:57 PM
It was the first day back from the holiday market delirium and market participants needed a touchstone to kick things off. They found it in the form ...
Mon, Jan 4 2016, 4:59 PM
Mortgage rates moved lower today as financial markets roared back to life after the winter break. In this age of ever-increasing automation and d...
Mon, Jan 4 2016, 3:34 PM
California appears to have topped out in terms of price
increases, at least for the present.
While Black Knight Financial Services reports a 0.2 ...
Mon, Jan 4 2016, 3:29 PM
Both public and private spending on construction eased back
slightly in November. The Census Bureau
said on Monday that total construction spending...
Thu, Dec 31 2015, 12:41 PM
Given
my Resolutions from a year ago, and looking back at 2015, I've got
today to get skinny, save money, learn French, and undrink 987 bottles
...
Thu, Dec 31 2015, 8:51 AM
Today is a very exciting day for bond market participants. Most of them are on vacation, or at the very least, in a vacation-like state of mind. The...
Thu, Dec 31 2015, 3:53 PM
Pre-announced bond buying programs are really quite something. They have all ended up being well-telegraphed enough to allow investors to do their o...
Thu, Dec 31 2015, 2:33 PM
Mortgage rates had an interesting year to say the least. After almost universal consensus on a move toward higher rates the first few months of t...
Thu, Dec 31 2015, 1:46 AM
Sales of distressed properties made up 10.2 percent of total
home sales in October CoreLogic said on Tuesday. The October number represented a sli...
Wed, Dec 30 2015, 10:45 AM
Pending home sales dipped slightly in November, the third
time in four months they have done so. The
National Association of Realtors®
(NAR's) P...
Wed, Dec 30 2015, 10:39 AM
Death
is rarely funny, and the aftermath can be even worse. But here's an
interesting twist on things. Even in our digital world where e-mortgages...
Wed, Dec 30 2015, 9:26 AM
Bond markets--especially Treasuries--had one of their worst days of the month yesterday. Or maybe they didn't... It's hard to say for sure when vo...
Wed, Dec 30 2015, 5:59 PM
The overnight session was much less interesting for Treasuries today (compared to yesterday). In the sense that European bonds weren't pushing yields...
Wed, Dec 30 2015, 4:53 PM
Mortgage rates managed to hold steady
today after moving up to the highest levels in more than 5 months
yesterday. Rates had moved close to c...
Wed, Dec 30 2015, 3:26 PM
The Multi-Indicator Market Index (MiMi) produced by Freddie
Mac's Office of the Chief Economist shows that the U.S. housing market is
within the out...
Tue, Dec 29 2015, 12:25 PM
Home prices continue to confound predictions
of decelerating gains. The S&P/Case-Shiller National Home Price Index
gained 5.2 percent over the 12 ...
Tue, Dec 29 2015, 11:45 AM
Are
you reading this while figuring out what you're going to do New Year's
Eve? The latest research studies find it is nearly impossible for our
...
Tue, Dec 29 2015, 9:14 AM
There continues to be little to observe or conclude in this 'holiday-light' trading environment. While today's data will provide at least something...
Tue, Dec 29 2015, 5:09 PM
Treasuries were significantly weaker today as oil, Europe, and equities all bounced higher. The move was led by a reversal in European bond markets...
Tue, Dec 29 2015, 4:27 PM
Mortgage rates moved slightly highe r today. While it wasn't a big move in the grand scheme of things, rates were already fairly close to their hi...
Mon, Dec 28 2015, 12:02 PM
Fetch
your HP 12c - here's some math magic. Take 259, multiply it by your
age, and then multiply that by 39. You'll see an interesting result.
(...
Mon, Dec 28 2015, 9:15 AM
2015's winter holidays are laid out nicely for financial markets. Both Christmas and New Years Day fall on Fridays. This makes it much easier to pre...
Mon, Dec 28 2015, 7:35 PM
While oil prices did move lower in the overnight session, and while stock markets followed that move, bond markets were a bit more independent. Speci...
Mon, Dec 28 2015, 6:49 PM
Mortgage rates were sideways to slightly lower today as underlying bond markets continue to operate in holiday mode. While that can occasionally ...
Mon, Dec 28 2015, 5:19 PM
The new RESPA-TILA Know Before You Owe regulations, commonly
called TRIID, was cited as a probable reason for a three day increase in the
average ti...
Thu, Dec 24 2015, 12:43 PM
Almost any article you see today on mortgage rates will say the same thing: "rates are roughly unchanged from last week." Almost every article w...
Thu, Dec 24 2015, 11:50 AM
Freddie
Mac's Office of the Chief Economist takes an intensive look at marketplace
lending in the December issue of its Insights
and Outlook . ...
Thu, Dec 24 2015, 11:45 AM
As
much of the nation reels from storms and their damage, and lenders
review their disaster policies, there is one thing we don't have to
worry ...
Thu, Dec 24 2015, 7:32 AM
It's hard to look at the ultra long term correlation between Fed Funds and mortgage rates and NOT be concerned about rates moving higher in 2016. ...
Thu, Dec 24 2015, 1:53 PM
stone silent and slightly positive
no economic motivation
a few traders closed short positions, which helps bonds improve
Today was by far...
Wed, Dec 23 2015, 11:22 AM
It
is the holiday season. Some of us abstain from drinking alcohol, some
of us don't. And among those that don't abstain, some drink a little and
...
Wed, Dec 23 2015, 10:51 AM
Newly constructed single-family homes continued to sell well
in November however October's earlier robust report was scaled down
dramatically . Th...
Wed, Dec 23 2015, 10:49 AM
There was, as expected
only a minimal immediate impact on either mortgage rates or mortgage
application volume in the few days following the Feder...
Wed, Dec 23 2015, 7:32 AM
It's no mystery that bond markets have been remarkably flat this holiday season. While the absolute range in 10yr yields during that time has been ...
Wed, Dec 23 2015, 5:37 PM
Mortgage rates moved up for the second consecutive day, but in an uncommon way. Mortgage-backed-securities (MBS) are the financial instruments th...
