Wed, Feb 3 2016, 6:19 PM
Two days ago, we were able to refer to Monday as the best day of the year, as long as you forget about the Friday before it. Today is the new 'best ...
Wed, Feb 3 2016, 4:54 PM
Mortgage rates had a far more tumultuous day despite ultimately hanging on to the lowest levels in more than 8 months. Whether you wanted to be h...
Tue, Feb 2 2016, 10:55 AM
Once again a report on home price changes indicates that appreciation
has not yet slowed . CoreLogic issued a
report on its Home Price Index for D...
Tue, Feb 2 2016, 9:14 AM
Where
does the penalty money that the CFPB collects go? And is it correctly
disbursed? The Office of the Inspector General (OIG) has some thought...
Tue, Feb 2 2016, 7:34 AM
When things have been unexpectedly as good as they have been for as long as they have been, one of the side-effects can be increased anxiety about the...
Tue, Feb 2 2016, 5:42 PM
Surprise! It's another mega-rally day. Depending on your yardstick, this is the 5th or 6th mega rally so far this year. Considering there have on...
Tue, Feb 2 2016, 4:35 PM
Mortgage rates only paused for a brief moment of reflection yesterday before continuing with 2016's trend of improvement. Today's gains bring them ...
Mon, Feb 1 2016, 12:26 PM
Black Knight Financial Services took close-up looks at both
home affordability and the recent surge in cash-out refinancing in its new Mortgage ...
Mon, Feb 1 2016, 12:13 PM
Construction spending scrambled back into positive territory
by a tiny bit in December, gaining 0.1 percent from November's level to an
estimated ...
Mon, Feb 1 2016, 8:34 AM
February
already? Ah, Valentine's Day - remember as a kid when your classmates
would hand out a 5 word card to every classmate and you received 20...
Mon, Feb 1 2016, 7:33 AM
The weeks that contain the first Friday of any given month have a flavor all their own. Several of the month's most important pieces of economic da...
Mon, Feb 1 2016, 5:41 PM
In a way, today was the best sort of losing day for bond markets. If you factor out last Friday, today was the best trading day for bond markets in...
Mon, Feb 1 2016, 4:33 PM
Mortgage rates were in line with the best levels in 8 months as of last Friday. Although they moved slightly higher to begin the new week, today ...
Fri, Jan 29 2016, 11:00 AM
Since
its Friday let's veer away from mortgages for a quick moment. With the
recent rash of celebrity and music deaths, including the Jefferson
...
Fri, Jan 29 2016, 7:33 AM
You can't step 2 feet out your front door in 2016 without being pelted by news regarding the close correlation between stocks, bonds and oil. Heck, I...
Fri, Jan 29 2016, 5:11 PM
For the end of any given day, bond markets closed at their best levels since April. If we look at only month-end closing levels, today was the best ...
Fri, Jan 29 2016, 4:39 PM
Mortgage rates were at 3 month lows yesterday and today have moved in line with 8-month lows. For most lenders, there was a day or 2 in October tha...
Fri, Jan 29 2016, 2:59 PM
Are the big companies who have purchased large number of
single-family homes over the last few years looking for a quick profit or are
they in the...
Thu, Jan 28 2016, 10:39 AM
And we have a trifecta!
All three of the home sales indicators for December have now come in
positive, although the latest, pending sales, did so l...
Thu, Jan 28 2016, 10:27 AM
Zillow
is predicting that the rental market will cool down this year. Median
U.S. rents grew at a 3.3 percent annual pace in December, to $1,381...
Thu, Jan 28 2016, 8:26 AM
If we take the awesome part of 2016 for granted and simply focus on our most timely challenges, we find bond markets struggling to make any further im...
Thu, Jan 28 2016, 5:41 PM
Stocks gained a bit of ground today. Oil prices were significantly higher--building on a strong 3-day bounce. But on both accounts, bond markets d...
Thu, Jan 28 2016, 4:42 PM
Mortgage rates moved down modestly today, but it was enough to bring them to the lowest levels seen in exactly 3 months. There were only a few days...
Thu, Jan 28 2016, 2:00 PM
There was a slight uptick in the market
share of distressed home sales in November.
Sales of lender-owned houses (REO) and short sales accounted fo...
Wed, Jan 27 2016, 10:41 AM
New home sales more or less blew away the experts in
December, coming in at a seasonally adjusted annual rate of 544,000 units. The Census Bureau ...
Wed, Jan 27 2016, 9:31 AM
There
are traveler trailers and motor homes but have you heard of a Home RV?
EscapeHomes owner Dan Dobrowoski has created a tiny home, the Travele...
Wed, Jan 27 2016, 9:09 AM
Refinancing continued to buoy up mortgage application volume during the
week ended January 22 as interest rates fell back to levels last seen in th...
Wed, Jan 27 2016, 7:33 AM
Today brings one of those Fed policy announcements where we can already be reasonably sure of the outcome, but where the subtleties could still prov...
Wed, Jan 27 2016, 6:10 PM
Today's Fed announcement was decidedly more downbeat than the previous iteration and markets reacted accordingly. There was never any real chance t...
Wed, Jan 27 2016, 5:30 PM
Mortgage rates pulled off a come-from-behind victory following today's Fed Announcement. This time around, the Fed wasn't at all likely to make a...
Wed, Jan 27 2016, 2:05 PM
(NOTE: removals are struck-through and additions are underlined)
Information received since the Federal Open Market Committee met in October Dece...
Tue, Jan 26 2016, 10:34 AM
No matter how much it is predicted, home
price gains are still failing to decelerate.
All three of the S&P/Case-Shiller indices were slightly highe...
Tue, Jan 26 2016, 10:18 AM
What does Florida have that the rest of us don't? The highest percentage of cash buyers according to Zillow's latest research.
There are plenty ...
Tue, Jan 26 2016, 8:17 AM
Last week ended with bond markets looking like they were at risk of bigger, longer-term bounce back toward higher rates. The catalyst was/is the "ris...
Tue, Jan 26 2016, 5:22 PM
Bond markets held their ground today, which is quite the accomplishment considering stocks rallied. Rates and stocks have been strongly correlated...
Tue, Jan 26 2016, 5:21 PM
Mortgage rates did something they haven't done all year today. They actually improved in the face of a stock rally. In fact, it was the third be...
Tue, Jan 26 2016, 4:20 PM
California has long been acknowledged as the trend-setting
state. Let's hope that isn't the case
for home prices. On the same day that
both S&P...
Mon, Jan 25 2016, 10:58 AM
Rumors are swirling that AIG has decided to pursue a partial spin-off of its mortgage insurance business,
United Guaranty (UG). Stay tuned for t...
Mon, Jan 25 2016, 7:33 AM
This week has the potential to begin fairly slowly. Market participation will undoubtedly be affected on some level by the massive snow storm that h...
Mon, Jan 25 2016, 5:41 PM
If you don't live in the Northeast and if you don't read/watch the news, there was a big snow storm. In New York City, for instance, it was the 2nd ...
Mon, Jan 25 2016, 4:33 PM
Mortgage rates moved slightly lower today, recovering some of Friday's losses. Those losses introduced the risk that 2016's dominant trend towa...
Fri, Jan 22 2016, 11:29 AM
The
FHA's insurance fund is out of the headlines , having moved above the
mandated 2% level. (Yes, for the first time since 2008!) Everyone agree...
Fri, Jan 22 2016, 11:23 AM
It is hard to sort out the closings scheduled for December
from those delayed into the month from November by problems with the new
Truth-in-Lending...
Fri, Jan 22 2016, 7:32 AM
Enquiring minds want to know... In fact, even inquiring minds are fairly curious as to whether or not the pleasantly surprising bond market rally wil...
Fri, Jan 22 2016, 6:27 PM
It was a year of significant improvement in the distressed
home arena. According to Black Knight
Financial Services there was a 22 percent decreas...
Fri, Jan 22 2016, 6:24 PM
Bond markets continued to do the exact same thing they've been doing all year: follow stocks/oil. Today was the first day of the year that stocks h...
Fri, Jan 22 2016, 6:02 PM
Mortgage rates moved higher at their quickest pace of 2016 today. Rates have been faithfully following the slide in equities prices, albeit at a ge...
Thu, Jan 21 2016, 10:59 AM
In the midst of the Know Before You Owe or TRID rule implementation which she says " devoured the industry's bandwidth ," Faith Schwartz, Corelogic's ...
Thu, Jan 21 2016, 10:57 AM
After it jumped up by three full days
in November the average time to close a first mortgage loan stabilized in
December at 49 days. The November ...
Thu, Jan 21 2016, 10:48 AM
New home sales, according to an unofficial estimate from the Mortgage Bankers Association (MBA) declined by 5 percent
in December compared to the p...
