Wed, Dec 9 2015, 1:23 PM
Bond markets began the domestic session in slightly weaker territory after an overnight session that was almost completely uneventful. The two key t...
Tue, Dec 8 2015, 10:43 AM
"I
remember the words to every song from the 1970s, but I forgot why I
walked into this room..." Memory is a funny thing. But remember when it
w...
Tue, Dec 8 2015, 7:32 AM
"Distance makes the heart grow fonder," as they say. To some extent, it's the same for bonds markets and trading inspiration: the lower the inspirati...
Tue, Dec 8 2015, 7:11 PM
Bond markets had an exceedingly acceptable day. MBS and and Treasuries were generally in stronger territory by the end of the day, but by too small a...
Tue, Dec 8 2015, 6:48 PM
Per-loan profitability fell in the third quarter of 2015 the
Mortgage Bankers Association. (MBA) said today, but remained substantially
above ...
Tue, Dec 8 2015, 6:39 PM
Credit availability decreased in November for the first time since early summer. The Mortgage Bankers Association (MBA) said its Mortgage Credit Avai...
Tue, Dec 8 2015, 5:17 PM
Mortgage rates held steady today after spending the past 2 business days recovering from the worst day in more than 2 years last Thursday. As we ...
Tue, Dec 8 2015, 2:12 PM
The overnight session was both informative and positive for bond markets. The informative part was the technical floor seen in 10yr yields (2.20) a...
Mon, Dec 7 2015, 10:53 AM
The government sponsored enterprises'' (GSE's)
introduction of 97 percent loan-to-value (LTV) mortgages, implemented by Fannie
Mae' in late 2014 and...
Mon, Dec 7 2015, 10:37 AM
"Rob,
you discussed TRID issues Saturday. Anything else you're hearing from
investors?" Sure. Remember that investors, whether it is Fannie or
F...
Mon, Dec 7 2015, 7:36 PM
The New York
Times has fired the first salvo in what already looks like a battle of
words between it and the mortgage finance industry with the ...
Mon, Dec 7 2015, 7:33 AM
This week begins not with any sort of exciting data or scheduled events, but rather with a mission: sorting out whether last week's violent spike on T...
Mon, Dec 7 2015, 6:57 PM
The latest Home Purchase Sentiment
Index (HPSI) remained at an elevated level Fannie Mae said today, but internal
data within the index does not b...
Mon, Dec 7 2015, 6:46 PM
Bond markets put in another solid day of gains today, and have now erased more than half of last Thursday's losses. If we go all the way back to the ...
Mon, Dec 7 2015, 5:01 PM
Mortgage rates continued lower at a decent pace today, further eroding the big move higher seen last Thursday. While the average lender isn't qui...
Mon, Dec 7 2015, 2:39 PM
Bond markets began the overnight session in just slightly weaker territory, but never entered into a negative trend during. European bond markets ral...
Fri, Dec 4 2015, 10:33 AM
A Fannie Mae vice president wrote
recently about some of the company's products designed to help existing
homeowners move up or improve their homes...
Fri, Dec 4 2015, 9:50 AM
Hiring
quick-thinking candidates is important, and Martin H. contributed,
"There's another great answer to the traditional interview question,
'...
Fri, Dec 4 2015, 7:33 AM
In yesterday's recap, I asserted that the crazy sell-off was 100% about Draghi and negative infinity percent about Yellen's congressional testimony. ...
Fri, Dec 4 2015, 7:02 PM
If the Draghi sell-off was an unmitigated disaster yesterday, it's only a plain old disaster today. In fact, even 'disaster' may be too strong a wor...
Fri, Dec 4 2015, 5:26 PM
Mortgage rates fought back today , following their biggest single-day jump in more than 2 years on Thursday. Today's significant event was the Emp...
Fri, Dec 4 2015, 2:07 PM
This morning's NFP data came in just a bit hotter than expected at 211k vs a median forecast of 200k. Revisions were fairly strong, but wage growth...
Thu, Dec 3 2015, 10:55 AM
Once
again we can all listen to the yammering about the Federal Reserve's
Open Market Committee meeting. But for those who would actually like to ...
Thu, Dec 3 2015, 10:03 PM
It was Draghi! Not Yellen!
You know me (maybe?). I hate those cheesy headlines with the "THIS" that alludes to what the headline should have jus...
Thu, Dec 3 2015, 7:33 AM
Remember 2011-2012? Sure there was some fun domestic stuff, like the first major debt ceiling battle, Operation Twist, and QE3, but for the most part...
Thu, Dec 3 2015, 7:13 PM
Mortgage rates were crushed today , moving higher at the fastest single-day pace since 2013. The average lender saw a full eighth point hike in 30...
Thu, Dec 3 2015, 5:14 PM
When it comes to mortgage risk there is a lot of good news. Sam
Khater, CoreLogic's Deputy Chief Economist says in the current issue of the
comp...
Thu, Dec 3 2015, 1:46 PM
The headline is no joke . In terms of the change from the previous close, bond market have lost more ground today than any other day since mid 2013....
Wed, Dec 2 2015, 10:53 AM
"I
spent half my money on gambling, women, and booze. The other half I
wasted." Not that politicians would ever waste money - after all, they
ca...
Wed, Dec 2 2015, 9:10 AM
Mortgage applications during the week ended November 27 were generally
higher on an adjusted basis and much lower on an unadjusted basis due to the...
Wed, Dec 2 2015, 7:32 AM
I saw a lot of this type of stuff yesterday, both in the news and in less public circles: something to the effect of the recently weak data giving th...
Wed, Dec 2 2015, 7:14 PM
Bond markets had been trending in an unfriendly direction all day . The charts on the dashboard don't capture the strength of the trend because it b...
Wed, Dec 2 2015, 5:05 PM
Coming off their best day in over a month, mortgage rates held mostly steady today,
although some lenders were slightly higher. This is somew...
Wed, Dec 2 2015, 4:24 PM
Is it our imagination or has the return to normal levels of
distressed home sales become an agonizing endurance test? Despite a nearly steady down...
Wed, Dec 2 2015, 2:17 PM
Yesterday's ISM data may have sparked some hope for a long-shot, come-from-behind, Cinderella story victory for a weak economy making an argument agai...
Tue, Dec 1 2015, 10:25 AM
Home price appreciation, which had decelerated somewhat in
September, regained momentum in October.
CoreLogic's Home Price Index (HPI) dropped ba...
Tue, Dec 1 2015, 10:23 AM
In response to yesterday's blurb about the movie "Home Alone" being 25 years old Carol K. sent, "You know you're old when you watch 'Home Alone' and w...
Tue, Dec 1 2015, 8:51 AM
The end of November was a supportive environment for longer-dated Treasuries like 10yr notes and 30yr bonds. The MBS that most directly affect rate...
Tue, Dec 1 2015, 5:43 PM
Granted, it would be a long shot, and it would require the rest of the week's data playing along, but bond markets are suddenly considering that the r...
Tue, Dec 1 2015, 4:24 PM
Mortgage rates had their best day in over a month today. It was also the first day with any legitimate movement in nearly three weeks. Over that...
Tue, Dec 1 2015, 2:50 PM
Both overall construction spending and spending for
residential purposes in October was little changed from September according to
data released by ...
Tue, Dec 1 2015, 1:56 PM
Bond markets are in the midst of their best day of trading since October 2nd. For perspective, that says less about how strong things are today and m...
Mon, Nov 30 2015, 12:40 PM
In many ways, today still has the feel of the holiday-shortened Thanksgiving week. Markets have been slow to move and generally not interested in rea...
Mon, Nov 30 2015, 10:58 AM
There was a slight uptick in contract signings for home
purchases in October after two straight months of declines. The National Association of Re...
Mon, Nov 30 2015, 9:30 AM
Hiring
can be tough during the holidays for a variety of reasons. Plenty of
people don't want to make a move, have full pipelines destined to clo...
Mon, Nov 30 2015, 8:28 AM
While there were plenty of scheduled data and events last week, their impact was severely limited by the holiday trading dynamics (where bonds usually...
Mon, Nov 30 2015, 5:40 PM
Mortgage rate drama has been on an unapologetic, no-holds-barred, "couldn't-care-less" sort of vacation for the past 2-3 weeks . There have only...
Mon, Nov 30 2015, 5:37 PM
Today was a largely uneventful return from the extended weekend with bond markets doing very little to react to news or economic reports. Chicago PMI...
Fri, Nov 27 2015, 11:28 AM
There
are 50 states in the U.S., and 3007 counties in those states. (The
numbers of counties per state ranges from the 3 in Delaware to 254 in
T...
Fri, Nov 27 2015, 8:49 AM
Welcome to the slowest day of the year for bond markets. While markets are technically "open" until 2pm Eastern, that only means that the 2 or 3 peop...
