Wed, Apr 22 2015, 12:56 PM
A noncommittal, sideways grind only has so much noncommittal and sideways in it before breaking out. This one was already overdue and already showing...
Wed, Apr 22 2015, 11:40 AM
The spring housing market blasted in across the county last
month and existing home sales jumped 6.1 percent from the February level to the
highes...
Wed, Apr 22 2015, 10:59 AM
Earth Day is celebrated on April 22 nd and this year marks the 45 th
anniversary. Leave it to the Census Bureau
(known as "The Bureau with a ca...
Wed, Apr 22 2015, 9:11 AM
Borrowers responded to some of the lowest interest rates in several
months by stepping up applications for mortgage financing. The Mortgage Bankers ...
Wed, Apr 22 2015, 7:33 AM
Rates been in a narrow, noncommittal, sideways range for weeks. The last two days were especially barren in that they lacked any economic data, whi...
Wed, Apr 22 2015, 4:45 PM
By now, today's broken range is fairly old news. It's not only old news in the sense that it's been covered today, but indeed the POTENTIAL range b...
Wed, Apr 22 2015, 4:06 PM
Mortgage rates finally broke out of a persistent sideways grind today. Unfortunately, rates moved higher at a fairly brisk pace . Whereas most...
Tue, Apr 21 2015, 12:54 PM
10yr yields and MBS prices both made it to the weakest levels in 3 days--each threatening a break of technical support levels. In terms of 10yr yield...
Tue, Apr 21 2015, 10:25 AM
True
or false: "Unnecessary regulatory burdens are preventing qualified,
credit-worthy borrowers from obtaining the American Dream of
homeowners...
Tue, Apr 21 2015, 7:32 AM
One nice thing about the current unwillingness on the part of bond markets to break through resistance levels is that they've been similarly unwilli...
Tue, Apr 21 2015, 5:09 PM
For a second day, bond markets gave up a modest amount of ground. To put the losses in context, yields are heading out at 1.91 in 10yr Treasuries. T...
Tue, Apr 21 2015, 3:38 PM
Mortgage rates are on the warpath , blazing a ferocious trail in a more sharply sideways
direction than we've seen in recent memory. This w...
Mon, Apr 20 2015, 10:07 AM
Changes to Fannie Mae and Freddie Mac's fee structure were announced by the
Federal Housing Finance Agency (FHFA) on Friday. But in the words of Th...
Mon, Apr 20 2015, 9:31 AM
There is a lot going on in terms of upcoming events. In no particular order...
Due to the high demand, Genworth has grown its live RESPA-TILA we...
Mon, Apr 20 2015, 7:34 AM
Although the Fed denies it, conventional wisdom suggests that major policy changes tend to be announced at the Fed meetings that include the post-anno...
Mon, Apr 20 2015, 5:23 PM
It was a struggle to observe anything interesting in bond markets today. That environment usually allows 'tradeflow considerations' to rise to the ...
Mon, Apr 20 2015, 4:38 PM
Mortgage rates figure if they can't be pushing down to new record lows, they might as well pass the time by shooting for different records. This...
Mon, Apr 20 2015, 3:06 PM
There are 9.3 million former homeowners who were displaced
by foreclosures, short sales, and deeds in lieu of foreclosure between 2006 and
2014. Do...
Mon, Apr 20 2015, 1:40 PM
Nothing of note has transpired or conspired to move bond markets today. It's another Monday without economic data, meaningful headlines, or strong pa...
Fri, Apr 17 2015, 10:48 AM
Since inflation doesn't exist much anymore in the economy, how about in your garage ? Detroit has plenty of empty garages and so the city announced a...
Fri, Apr 17 2015, 7:32 AM
Stop me if you've heard this one before. There's this epic long-term inflection point defined by 10yr yield levels 1.84-1.86. It stretches back to...
Fri, Apr 17 2015, 5:24 PM
All of today's drama--if you can call it that--came in the form of curve trading. That refers to traders adjusting bond market holdings by selling on...
Fri, Apr 17 2015, 4:32 PM
Mortgage rates barely budged yet again today despite more volatility in underlying financial markets. This is the 3rd day in a row with similar ...
Fri, Apr 17 2015, 3:19 PM
As we prepare and retool for the August 1st disclosure changes, it will be easy to lose sight of the opportunity that is before us. The regulatory i...
Fri, Apr 17 2015, 1:26 PM
If this happens to be your very first time reading this site, you should know that we've been talking a lot about a few things. First is the fact t...
Thu, Apr 16 2015, 11:58 AM
The rate of permitting for construction of single family
housing and residential construction completions were both down in March, Housing
starts ...
Thu, Apr 16 2015, 11:03 AM
This will be the third day in a row where bond markets have begun the day in stronger territory only to give back some of the gains as the day conti...
Thu, Apr 16 2015, 10:42 AM
Foreclosure activity increased by 20 percent in
March compared to February and was up 4 percent from a year earlier. RealtyTrac, in its combined M...
Thu, Apr 16 2015, 10:35 AM
The House of Representatives has passed a bill which would
amend the Truth in Lending Act (TILA) in respect to the way lenders compute and
disclos...
Thu, Apr 16 2015, 10:03 AM
Try
saying PSDS without sounding like you're from Boston saying "pierced
ears". And 3,100 miles away, in California, the latest report echoes
wh...
Thu, Apr 16 2015, 7:33 AM
The past two trading sessions have been highly informative for bond markets. As we've been discussing almost incessantly, there is good reason for bo...
Thu, Apr 16 2015, 4:03 PM
The trading day started out timidly enough, but with a bit of an ominous tone . This had to do with the fact the German Bunds made new all-time lows...
Thu, Apr 16 2015, 3:18 PM
Mortgage rates were unchanged again today , continuing a trend of minimal movement that has been intact for all but one day since Monday April 6th...
Wed, Apr 15 2015, 12:43 PM
The index measuring building confidence in the market for
new single family homes stopped its three month slide in April, jumping four
points from...
Wed, Apr 15 2015, 10:32 AM
Yesterday
we had plenty of CFPB updates , and let's continue with those. Remember
that even though although your bank or mortgage operation is th...
Wed, Apr 15 2015, 9:23 AM
Applications for purchase mortgages have ended three straight weeks in
which their volume increased an average of 6 percent. The Mortgage Bankers As...
Wed, Apr 15 2015, 7:33 AM
Up until yesterday, everything since NFP had been fairly boring in terms of bond market activity. While there were some instances of moderate movemen...
Wed, Apr 15 2015, 5:02 PM
Markets have been doing a good job of reacting to economic data so far this week. That was a good thing again this morning as the data was weaker in g...
Wed, Apr 15 2015, 4:13 PM
Mortgage rates were unchanged to slightly higher today, though that depends largely on the individual strategies of the lender in question. Some...
Wed, Apr 15 2015, 1:00 PM
Bond markets' willingness to accept guidance from economic data is in full swing. As discussed in the Day Ahead , this morning offered several more ...
Tue, Apr 14 2015, 12:53 PM
There was a better chance that bond markets would react to today's Retail Sales data despite the lack of reaction to the last reading ( reasons discu...
Tue, Apr 14 2015, 11:30 AM
While activity related to distressed mortgage
loans continues to grind its way back to normal levels, CoreLogic says that 17
of the 25 judicial fo...
Tue, Apr 14 2015, 11:26 AM
As a reminder, many in the industry know that as of April 1 new rates kicked in under the National Flood Insurance Program . Policy premiums increas...
Tue, Apr 14 2015, 7:34 AM
Last time we saw a Retail Sales report, the forecast called for a move back to +0.3 after the worst 2-month stretch since the onset of the financial c...
Tue, Apr 14 2015, 4:29 PM
Today's Retail Sales data stood a better chance to move markets than last time. Not only did the data move markets today, but it did so in a surpri...
Tue, Apr 14 2015, 4:11 PM
Mortgage rates improved today following a slightly weaker reading on Retail Sales data this morning. It seems that bond markets were waiting to ...
Tue, Apr 14 2015, 4:03 PM
First-time homebuyers seeking to buy a house through Fannie
Mae's HomePath ® program can
receive a significant hand-up from a new program the com...
Mon, Apr 13 2015, 12:42 PM
There was a good article last week titled Take Off Friday and Monday Because Most Bond Traders Already Do . Most of the gist can be gleaned from the...
Mon, Apr 13 2015, 9:51 AM
We're approaching the home buying season. What could $412k pick up in Detroit during the last home buying season? Here you go . Thanks to Brian B. fo...
Mon, Apr 13 2015, 7:34 AM
N OTE: Fannie and Freddie 30yr fixed MBS 'rolled' over the weekend. The post-roll price of Fannie 3.0 MBS was 102-02. That will look like a 10/32nd...
