Thu, Oct 29 2015, 5:01 PM
Mortgage rates continued heading higher at a fairly quick pace today, extending the move that began after yesterday's Fed Announcement. That migh...
Wed, Oct 28 2015, 11:02 AM
I
head to Ann Arbor today, but 500 miles away is the Gateway Arch in St.
Louis - quite a sight on the Mississippi! The Gateway Arch was designed
...
Wed, Oct 28 2015, 9:18 AM
Mortgage applications during the week ended October 23 decreased 3.5
percent on a seasonally adjusted basis from the previous week the Mortgage
Ba...
Wed, Oct 28 2015, 7:32 AM
Today's 'Day Ahead' title is both a rhetorical and literal question. On a literal level, we'll know soon enough, as 2pm brings the latest official po...
Wed, Oct 28 2015, 5:44 PM
Bond markets began the day like most recent days: flat and uninspired. That wasn't too hard to forgive considering we may well expect some indecision...
Wed, Oct 28 2015, 5:11 PM
Mortgage rates moved quickly lower after today's Fed Announcement. While the Fed was, by no means, expected to hike rates in October, there was a...
Wed, Oct 28 2015, 2:05 PM
(additions underlined, deletions struck-through)
For immediate release Information received since the Federal Open Market Committee met in July...
Wed, Oct 28 2015, 1:24 PM
Bond markets are slightly weaker so far today, but still very much within the recent range ahead of the 2pm Fed Announcement. Unlike many recent exam...
Tue, Oct 27 2015, 10:41 AM
rice
gains since the recent low have increased faster and were less driven by
inflation than prices during the housing boom of the last decade accor...
Tue, Oct 27 2015, 10:34 AM
When
was the last time anyone used the term "elderly"? I think the industry
dropped the term when someone realized baby boomers didn't like thinki...
Tue, Oct 27 2015, 8:30 AM
It's rare for the near-term outlook in financial markets to operate in the realm of super high probability. With so much money at stake and with trad...
Tue, Oct 27 2015, 6:31 PM
If we needed any more evidence that the earlier price action had much to do with the spillover from European bond markets, the afternoon trade made it...
Tue, Oct 27 2015, 5:30 PM
Mortgage rates were sideways to slightly lower today, depending on the lender. Whereas some rate sheets were carbon copies of yesterday's latest ...
Tue, Oct 27 2015, 2:20 PM
There continues to be nothing too much to write home about when it comes to post-NFP October in bond markets. There has been a range of 2.0-2.08 th...
Mon, Oct 26 2015, 12:56 PM
Home
prices have now increased 27 percent since hitting bottom in January 2012. Black Knight Financial Services said today
that prices nationally e...
Mon, Oct 26 2015, 11:01 AM
New home sales
nose-dived in September , dropping by 11.5 percent from the August level. A joint release from the U.S. Census Bureau
and the Depar...
Mon, Oct 26 2015, 10:40 AM
Don't
ask me how we arrived at the last week of October already, but here we
are barreling toward Halloween and changing the clocks Sunday morning...
Mon, Oct 26 2015, 9:12 AM
The week's key event is undoubtedly Wednesday's FOMC Announcement, but should markets be getting worked up over the possibility of a change? Of cours...
Mon, Oct 26 2015, 5:35 PM
Bond markets got nostalgic for summertime Mondays today. Despite it being the beginning of a Fed week and falling hard on the heels of a sharper move...
Mon, Oct 26 2015, 5:03 PM
Mortgage rates moved slightly higher today on average despite strength in underlying bond markets. Normally, when bond markets improve, rates dro...
Mon, Oct 26 2015, 2:24 PM
It has been a remarkably quiet day so far during the domestic session. This seems more like the rule than the exception of late. The only instance o...
Mon, Oct 26 2015, 1:15 PM
Two Pennsylvania metropolitan areas, Scranton and
Harrisburg, won the MiMi seal of approval in August. Freddie Mae said the two moved into what it
...
Fri, Oct 23 2015, 10:52 AM
Several measures of mortgage distress moved up in September
including the early delinquency rate according to Black Knight Financial
Services. The ...
Fri, Oct 23 2015, 10:51 AM
Despite
a steadily decreasing share of distressed sales and fewer investors in the
market all-cash sales have not yet returned to normal levels no...
Fri, Oct 23 2015, 10:44 AM
There are reasons why FHA production has skyrocketed in the last year, and why that product was the talk of the MBA conference. It
seems that fina...
Fri, Oct 23 2015, 7:33 AM
If you follow bond markets closely enough, you may have noticed a certain measure of reluctance on the part of 10yr yields to break below the 2% barri...
Fri, Oct 23 2015, 5:42 PM
If you caught the Mid-Day , you're up to speed on anything interesting that happened today.
If you didn't, the only interesting thing that happen...
Fri, Oct 23 2015, 4:41 PM
Mortgage rates were slightly higher today, but did a good job of holding their ground considering the volatile market conditions. Rates take thei...
Fri, Oct 23 2015, 1:47 PM
Bond markets are in weaker territory today, more than erasing all of yesterday's gains and taking 10yr yields to the highest levels in 2 weeks. The ...
Thu, Oct 22 2015, 12:22 PM
As expected, this morning's European Central Bank (ECB) Announcement has been a source of volatility for markets, but its effects have varied widely...
Thu, Oct 22 2015, 11:02 AM
The sharp downturn in existing home sales in August now seem
little more than a fluke as sales resumed their positive pattern in September. The Na...
Thu, Oct 22 2015, 10:46 AM
If
anyone out there wants to be buy a big office building, Fannie has one:
the company is preparing to move to its new HQ downtown and is selling...
Thu, Oct 22 2015, 10:39 AM
Prices of homes purchased in August using Fannie Mae or
Freddie Mac mortgage financing increased by 0.3 percent compared to July the
Federal Housi...
Thu, Oct 22 2015, 7:33 AM
Over the past two days, we saw a surprisingly strong move higher in European bond yields that spilled over to US bond markets. The effects were mute...
Thu, Oct 22 2015, 5:07 PM
Stocks and bonds continued on their divergent paths today thanks to the European Central Bank. While there had been some speculation that the ECB w...
Thu, Oct 22 2015, 4:11 PM
Mortgage rates continued lower today, largely getting caught up with yesterday's underlying market movements. Lenders were likely being cautious ...
Thu, Oct 22 2015, 2:31 PM
In the midst of what has been a rather interesting several
weeks for housing finance reform Donald H. Layton published a column in Freddie
Mac's Ex...
Wed, Oct 21 2015, 10:49 AM
As
the San Diego MBA conference wraps up, one is reminded that many
lenders are having fine years and some can't believe their good fortune.
Oth...
Wed, Oct 21 2015, 8:51 AM
The Mortgage Bankers Association (MBA) said that increases in
applications for both FHA and VA mortgages were behind a jump in its Market
Composit...
Wed, Oct 21 2015, 8:48 AM
As you've likely picked up on, this week has served primarily as a chance for markets to do whatever they need to do ahead of next week's FOMC announc...
Wed, Oct 21 2015, 4:30 PM
Nothing has changed from the mid-day update, so today's recap will largely be an amplification of those themes.
Bond markets were stronger overni...
Wed, Oct 21 2015, 4:02 PM
Mortgage rates bounced back
to some extent today, after yesterday's bigger move higher. The bond
markets that underlie mortgage rates actuall...
Wed, Oct 21 2015, 3:30 PM
It was only a small change, but a 1 percent decline in the
average FICO scores for loans originated in September took that metric to its
lowest leve...
Wed, Oct 21 2015, 1:39 PM
Yesterday marked the first legitimate swoon in US bond markets in more than a week. The 3 days prior were especially flat, with 10yr yields ending th...
Tue, Oct 20 2015, 12:56 PM
Bond markets lost ground overnight, moving resolutely higher in yield during the European session. The Treasury weakness is notable in that it occu...
Tue, Oct 20 2015, 11:49 AM
In what seemed to us to be a very long speech for him, Richard Cordray,
Director of the Consumer Financial Protection Bureau spoke of three major
ch...
Tue, Oct 20 2015, 10:35 AM
Richard
Cordray spoke here in San Diego yesterday. You weren't in the audience?
Well, the CFPB publishes every word uttered by CFPB's management, ...
Tue, Oct 20 2015, 10:24 AM
Multi-family home construction drove the numbers for most of
the September report on residential construction issued today by the U.S.
Census Bureau...
Tue, Oct 20 2015, 7:33 AM
This probably won't be the last time I mention it before next Wednesday, but next Wednesday is the FOMC Announcement. That's the one where Yellen sai...
Tue, Oct 20 2015, 5:36 PM
"Move along... Nothing to see here..." Despite the 4.6 bp increase in 10yr yields and the quarter point drop in MBS Prices, today was actually rathe...
