Mon, Oct 5 2015, 9:08 AM
"Well
I know a pretty little place in Southern California, down San Diego
way. There's a little café, where they play guitars all night long babe,...
Mon, Oct 5 2015, 7:33 AM
Friday's NFP reaction was fun, and then perhaps a bit painful. The data itself was abhorrent--coming in weaker in every imaginable way and without an...
Mon, Oct 5 2015, 5:06 PM
Here it is the end of Monday and markets are still stuck on the same old thoughts and strategies that existed last week even before the NFP release. ...
Mon, Oct 5 2015, 3:52 PM
Mortgage rates moved substantially higher today in the context of recent day-to-day changes. In the broader context, we're still talking about 30...
Mon, Oct 5 2015, 2:23 PM
Once the recession ended and unemployment, which had
especially impacted Millennials, returned to normal levels, that age group was
expected to inc...
Mon, Oct 5 2015, 1:43 PM
While they aren't doing it at nearly the rate they did
before the Great Recession, Americans are increasingly tapping the equity in
their homes wi...
Mon, Oct 5 2015, 1:05 PM
For lack of a better way to explain it, Friday's post-NFP rally was like a final, glorious charge into enemy territory. Bond markets had already push...
Fri, Oct 2 2015, 12:05 PM
If you haven't heard by now, today's main event--Nonfarm Payrolls, or officially, 'The Employment Situation'--was significantly weaker than expected...
Fri, Oct 2 2015, 10:32 AM
TRID
arrives tomorrow, put into business practice on Monday. And the
industry wonders if, since under the Dodd-Frank financial reform law the
CF...
Fri, Oct 2 2015, 7:33 AM
By all rights, yesterday was the day that should have seen domestic bond markets consolidate recent gains and take a breather ahead of this week's NFP...
Fri, Oct 2 2015, 7:05 PM
Bond markets experienced a quintessentially volatile reaction to a classic example of a "big miss" in the NFP data . As we've discussed several time...
Fri, Oct 2 2015, 1:55 PM
Mortgage rates had a wild day today . If you've spoken to a mortgage originator about rates any time in the past 24 hours, it's important to under...
Thu, Oct 1 2015, 11:58 AM
We've previously explored homebuyers' "Do's and Don'ts" and uncovered
some vital tips that help or hinder the home buying process. In today's
spec...
Thu, Oct 1 2015, 11:47 AM
Even though home prices have increased in a more or less
uninterrupted pattern since early 2012 a joint report form RealtyTrac and Clear
Capital put...
Thu, Oct 1 2015, 11:30 AM
There was a small increase in both publicly and privately
funded construction spending in August.
Privately funded residential spending performed s...
Thu, Oct 1 2015, 9:59 AM
Today I am in transit to Virginia Beach for the VMLA Annual Convention ,
October 1-2. How did we end up in October already? Certainly the
seasons...
Thu, Oct 1 2015, 4:40 PM
The headline is the recap today. If an hour of the day ended with an "AM," it was good for bond markets today. The only exception would be the midni...
Thu, Oct 1 2015, 4:02 PM
Mortgage rates can seemingly do no wrong this week. They fell again today--this time making it firmly into territory not seen since late April. ...
Thu, Oct 1 2015, 1:13 PM
Treasury yields and equities began the overnight session moving higher after stronger manufacturing data in China. Treasuries managed to hold their g...
Wed, Sep 30 2015, 10:54 PM
Month/quarter-end buying was an important part of this week's strength through Wednesday. It served as sort of a constant, mildly positive force helpi...
Wed, Sep 30 2015, 10:25 AM
Do
you have fewer competitors than you did a few years ago? A recent MBA
Chart of the Week highlighted HMDA respondents and found that in 2014,
...
Wed, Sep 30 2015, 8:58 AM
Fannie Mae is initiating what it is calling an "enhanced affordable
lending product it has named the HomeReady mortgage . The new loan is a
reconfi...
Wed, Sep 30 2015, 8:44 AM
Application volumes fell even as interest rates were in a holding pattern
during the week ended September 25. The
Mortgage Bankers Association (MBA...
Wed, Sep 30 2015, 7:33 AM
Bond markets are either going sideways in the bigger picture or they are rallying. To be sure, in the shorter term, they have definitely been rallyin...
Wed, Sep 30 2015, 5:21 PM
In day-over-day terms, the 1-2bps gain in 10yr yields and the 3-5 ticks improvement in MBS prices don't seem overly impressive. But if we consider th...
Wed, Sep 30 2015, 3:34 PM
Mortgage rates had another great day , with most lenders maintaining or improving upon yesterday's 4-month lows. Given that we'd have to go back t...
Wed, Sep 30 2015, 1:13 PM
The overnight session began with bond markets moving into weaker territory against the backdrop of a recovery in equities. There was clearly a lot of...
Tue, Sep 29 2015, 10:48 AM
CoreLogic reported yet another decrease in the share of
all-cash home sales in June. Those sales
accounted for 31.3 percent of the total during...
Tue, Sep 29 2015, 10:39 AM
Price gains accelerated slightly in July, increasing on an annual basis
by 4.7 percent compared to a 4.5 percent year-over-year increase in June. Th...
Tue, Sep 29 2015, 10:29 AM
Let's
start off with a little quiz that I gave to my cat Myrtle. There are
four business days left until a) Y2K b) New LO comp rules C) QM d) The ...
Tue, Sep 29 2015, 7:32 AM
A month ago today, we were hoping that the ferocious sell-off in bond markets was merely a correction to the ferocious rally that followed the Chine...
Tue, Sep 29 2015, 5:58 PM
Mortgage rates began the day moderately lower. As equities markets failed to mount any counterattack to recent losses, bond markets surged--inclu...
Tue, Sep 29 2015, 5:57 PM
It was a volatile, but positive day for bond markets with 10yr yields closing well outside the recent range at 2.06. Fannie 3.5s gained 8 ticks to en...
Tue, Sep 29 2015, 1:36 PM
The stock lever is VERY well-connected recently. That means, at any given moment, if equities are moving higher, bond yields tend to be doing the s...
Mon, Sep 28 2015, 12:20 PM
After modest overnight gains, bonds had been pulling back in the early part of the domestic session. Treasuries and MBS were both nearly back to unch...
Mon, Sep 28 2015, 10:46 AM
The volume of pending home sales lessened a bit as summer
wound down after strong numbers were posted in May and June and the July numbers,
while sm...
Mon, Sep 28 2015, 9:30 AM
Prepayment rates continue to signal that the refinancing boom is over . Black Knight Financial Services said that the single month mortality (SMM) o...
Mon, Sep 28 2015, 9:27 AM
For something relevant to real estate agents, LOs, and travelers, the U.S. Census Bureau has updated its World Population Clock
to include country...
Mon, Sep 28 2015, 7:33 AM
Few weeks are as replete with potential sources of market movement as this one. It's a good thing too because markets--especially bond markets--sudde...
Mon, Sep 28 2015, 5:23 PM
Mortgage rates moved noticeably lower today, getting the average lender back in line with some of last week's best levels. For most, that means c...
Mon, Sep 28 2015, 5:23 PM
After a bit of an indecisive start that saw bond markets pull back toward 'unchanged' this morning, stocks stole the show and dragged everyone lower. ...
Fri, Sep 25 2015, 11:44 AM
Bond markets were weaker in the overnight session, following Yellen's weird speech after the close yesterday. I wouldn't have thought Yellen would de...
Fri, Sep 25 2015, 10:38 AM
A large
northeast savings bank has been named in a consent order filed by the Consumer
Financial Protection Bureau (CFPB) and the Department of Just...
Fri, Sep 25 2015, 10:35 AM
"Rob,
do you think that the CFPB is involved in monitoring price gouging by
companies of any sort? For example, I read about a drug company that...
Fri, Sep 25 2015, 7:33 AM
What's up with this? Wasn't the Fed meeting last week supposed to bring some clarity to the long-suffering sideways trend that had been mostly inta...
Fri, Sep 25 2015, 5:14 PM
Bond markets were sharply sideways today, especially MBS. That said, the sideways trading was only seen during the domestic session. Before that, ...
Fri, Sep 25 2015, 5:01 PM
Mortgage rates rose moderately today
as investors moved back into riskier assets this morning. Stock
markets made solid gains in premarket tr...
Thu, Sep 24 2015, 12:43 PM
Bond markets pressed into their strongest territory since the late August flight-to-safety this morning. 10yr yields made it as low as 2.081 before p...
Thu, Sep 24 2015, 11:00 AM
Sales of newly constructed single-family houses, unlike
their existing home counterparts, continued to rise in August. While existing home sales o...
Thu, Sep 24 2015, 10:48 AM
Home sales, including both single
family and condominiums, are on track to reach an eight year high this year
according to RealtyTrac's August U.S....
