Tue, Jul 28 2015, 10:29 AM
Federal
agencies have issued the final standards in regards to Section 342 of
the Dodd-Frank Wall Street Reform and Consumer Protection Act of 201...
Tue, Jul 28 2015, 7:33 AM
When bond markets have strung together as many winning days as they have recently (or even when they've seen this many consecutive days without any no...
Tue, Jul 28 2015, 5:43 PM
Mortgage rates bucked the recent trend of steady, modest improvements to end just slightly higher today. That said, the move was just as small as m...
Tue, Jul 28 2015, 5:43 PM
MBS ended the day in slightly weaker territory, and they did so in about the gentlest possible way . The domestic session began with trading levels ...
Tue, Jul 28 2015, 2:29 PM
Homeownership declined yet again in the second quarter of
2015. The Census Bureau said that the
national rate dropped from 63.7 percent in the firs...
Mon, Jul 27 2015, 12:10 PM
S&P futures were well-connected with overnight Treasury trading as global weakness set the tone early. Chinese stocks are back in the news with ano...
Mon, Jul 27 2015, 9:59 AM
The
MBA's "Chart of the Week" earlier this month noted that the ARM share
of mortgage applications had increased to 7 percent. This is the highest...
Mon, Jul 27 2015, 7:33 AM
The last 2 weeks have been woefully uneventful and moderately positive for bond markets. Each week saw modest losses on Monday and gains on each subs...
Mon, Jul 27 2015, 5:48 PM
Bond markets continued their recent trend of moderate improvement today. As has been more commonly the case, Treasuries outperformed MBS, but only ...
Mon, Jul 27 2015, 4:48 PM
Mortgage rates continued modestly lower for the 5th straight day, further extending Friday's push to the lowest levels of July. Even so, most borro...
Mon, Jul 27 2015, 1:10 PM
Another report shows home price values in May close to, if
not exceeding, those prior to the housing crisis. The latest, from Black Knight Financial...
Mon, Jul 27 2015, 1:03 PM
While home sales are sailing, recently closing in on numbers last seen
before the Great Recession, CoreLogic Senior Economist Frank Nothaft, points
...
Fri, Jul 24 2015, 11:28 AM
Underwriting
is teamwork, and teamwork is the fuel that allows common people to
achieve uncommon results, provided they don't mind you calling the...
Fri, Jul 24 2015, 10:56 AM
The report this morning on June new home sales blunted much
of the optimism generated by yesterday's news about existing home sales. The Census Bure...
Fri, Jul 24 2015, 7:33 AM
What if it's all not enough--the multiple iterations of QE at home, ongoing QE abroad, ultra low rates for longer than they've ever been ultra low, an...
Fri, Jul 24 2015, 5:32 PM
As you may have noticed, there are three MBS Commentary articles every day, regardless of how much ground we need to cover in terms of news, events, a...
Fri, Jul 24 2015, 5:32 PM
Mortgage rates barely budged for an impressive 7th straight day. Refreshingly, all but one of those days have seen rates budge slightly lower. I...
Fri, Jul 24 2015, 1:16 PM
I'll be the first to tell you that bond yields don't always follow stocks . Indeed, explicating their complicated relationship was the whole point o...
Thu, Jul 23 2015, 9:38 AM
Mortgage Bankers Association (MBA) economists joined in the
recent surge of housing optimism Wednesday, increasing their projections for mortgage
o...
Thu, Jul 23 2015, 9:36 AM
It is different this time.
At least that's the contention of the writers of this month's Economic
and Housing Outlook regarding new low downpayment...
Thu, Jul 23 2015, 9:30 AM
Amidst
rumors of PIMCO buying a large retail residential lender (don't ask me,
I'm always the last to hear), residential business is really pickin...
Thu, Jul 23 2015, 7:33 AM
One of the greatest disservices to the average market-watcher is the age old notion of stocks being the opposite of bonds. This phenomenon is refer...
Thu, Jul 23 2015, 6:15 PM
Mortgage rates are looking like they've exhausted the playbook in terms of making big moves down the field, yet they continue to pick up a few yar...
Thu, Jul 23 2015, 6:00 PM
Jobless Claims were exceptionally strong this morning, coming in low enough for such cute headline phrases as "lowest since 1973." True, the number i...
Thu, Jul 23 2015, 3:29 PM
While it is certainly good news we wish
we could find a new and more interesting way to say it. Nonetheless, foreclosure activity has
declined aga...
Thu, Jul 23 2015, 3:20 PM
Despite
improved consumer spending and stronger residential and non-residential
investments Fannie Mae's Economic and Strategic Research team are ho...
Thu, Jul 23 2015, 1:20 PM
For the 4th consecutive day, bond market trading was exceptionally calm overnight with Treasury yields continuing to hold the same recent range. Th...
Wed, Jul 22 2015, 11:19 AM
There was unabashedly good news from the National
Association of Realtors®
(NAR) this morning. Not only were
existing home sales in June at the ...
Wed, Jul 22 2015, 10:11 AM
As expected, the CFPB issued a final rule announcing the delay of the effective date for TRID from August 1, 2015 to October 3, 2015 .
"The CFPB be...
Wed, Jul 22 2015, 9:18 AM
With the distortions of the Independence Day holiday week and the
subsequent week's recovery now history mortgage application activity settled
down....
Wed, Jul 22 2015, 7:33 AM
After last month's Existing Home Sales tally came in at an annualized pace of 5.35mln, this month's result will be within striking distance of a 9 yea...
Wed, Jul 22 2015, 5:28 PM
Mortgage rates haven't made any sudden moves recently. Not only that, but most of the moves have been in a friendly direction this month. There...
Wed, Jul 22 2015, 5:24 PM
Little has changed from the mid-day summary. In it, we discussed the fact that today's economic data and corporate bond issuance constituted headwind...
Wed, Jul 22 2015, 2:47 PM
Senate Majority Leader Mitch McConnell (R-KY) and Senator Barbara Boxer (D-CA), Ranking Member of the Senate Environment and Public Works Committee ha...
Wed, Jul 22 2015, 1:24 PM
Looking at charts, we might well conclude that bond market trading remains uneventful. This wouldn't be a surprise , after all, considering the here...
Tue, Jul 21 2015, 12:42 PM
We've been talking about the lack of passion, news, and trading activity over the past few days, but as of this morning, we'd only really seen rates m...
Tue, Jul 21 2015, 10:30 AM
"Rob, I find it very interesting that the FHFA reported that the Agencies have selected smaller and less financially stable companies to receive lower...
Tue, Jul 21 2015, 7:33 AM
Australia will release its CPI data today. It doesn't have any bearing on interest rates in the US, and there's no reason for you to know that it's...
Tue, Jul 21 2015, 5:23 PM
Within the recent context of the summer doldrums in bond markets, today was a bit more upbeat. It didn't begin that way though. After a purely flat...
Tue, Jul 21 2015, 3:47 PM
Mortgage rates reversed course today, getting back in line with the recent trend of slow, steady improvements. The average lender is now back in...
Mon, Jul 20 2015, 10:24 AM
I
am visiting Denver for much of this week, and heard this quote: "Our
company culture? It consists of talking about our company culture."
Kiddi...
Mon, Jul 20 2015, 7:33 AM
Thanksgiving, Spring Break, or Christmas are the likely candidates for the busiest travel times of the year, right? While that would stand to reason,...
Mon, Jul 20 2015, 5:48 PM
Mortgage rates did move microscopically higher today, but that's about the worst thing to be said about them. In fact, it's one of the only thin...
Mon, Jul 20 2015, 5:42 PM
Today's session did a great job sticking to its likely script. That means that it was exceptionally uneventful in terms of volume and volatility. ...
Mon, Jul 20 2015, 5:23 PM
Since the recession officially ended a lack of labor and materials has
blamed in part for the sluggishness of new home construction, at least by th...
Mon, Jul 20 2015, 1:34 PM
First and foremost, the overriding theme today is that it's every bit the uninspired session we expected it to be. Part of that expectation was that ...
Fri, Jul 17 2015, 12:02 PM
The clear message from today's trading range in bond markets is that this weekend will finally be an actual weekend. That's a change of pace from the...
Fri, Jul 17 2015, 10:24 AM
The two leading indicators among measures of residential
construction activity, building permits and housing starts, posted healthy gains
in June ...
Fri, Jul 17 2015, 10:13 AM
Boy
how things have changed. Life is so expensive now; maybe that's why the
living arrangement stats have changed so dramatically since 1967. In
...
Fri, Jul 17 2015, 7:33 AM
There are three moderately important economic reports on tap today. In fact, 2 of them--CPI and Housing Starts--can be fairly respectable market mov...
