Tue, Apr 28 2015, 4:08 PM
Mortgage rates made it right to the doorstep of tomorrow's big-ticket events with very little movement over the past 5-6 weeks. Once at the door...
Tue, Apr 28 2015, 1:35 PM
Consumer Confidence numbers were much weaker than expected this morning at 95.2 vs 102.5 forecast. Normally, this would be a big benefit for bonds. ...
Mon, Apr 27 2015, 10:59 AM
Although a press release last week about a Gallup
survey showed Americans view real estate as a better long term investment
than stocks, gold, s...
Mon, Apr 27 2015, 9:07 AM
Many LOs are watching rent prices . Increasing
rent is a two-edged sword, of course, simultaneously moving households
to stop renting and buy a p...
Mon, Apr 27 2015, 7:32 AM
After a generally quiet week just passed, the week ahead offers significantly more market movement potential. There's more economic data, and several...
Mon, Apr 27 2015, 4:37 PM
As has been the case on so many Monday's lately, today would have been better-used as a 3rd day of the weekend. Fannie 3.0s were 102-09 at their lowe...
Mon, Apr 27 2015, 3:55 PM
Mortgage rates haven't been moving much lately, and today was no exception .
Some lenders were a hair better than Friday while others were just...
Mon, Apr 27 2015, 3:15 PM
U.S. home
prices were up 0.7 percent from January to February according to the Home Price
Index (HPI) report released by Black Knight Financial Se...
Mon, Apr 27 2015, 1:08 PM
Domestic bond markets are as quiet as quiet can be today. The silence was most deafening at the start of the overnight session where the range was ...
Sat, Apr 25 2015, 5:01 PM
Many lenders are watching this battle of industry frustration from the sidelines: Quicken vs. the DOJ, and vice versa . Prior to the government suing...
Fri, Apr 24 2015, 12:27 PM
Lenders appear at least moderately encouraged by new efforts
on the part of Fannie Mae and FHA to lower the costs and increase the
availability of...
Fri, Apr 24 2015, 12:24 PM
The most notable feature of today's trading session has been the weaker than expected components of the Durable Goods data. In other words, the hea...
Fri, Apr 24 2015, 10:57 AM
Apparently all is forgiven and forgotten and Americans are
again embracing real estate as more than just shelter. For the second year in a row a G...
Fri, Apr 24 2015, 9:55 AM
Filling key positions in our industry is not
an easy task sometimes, but as one banking vet I know likes to say,
"give me someone with a little bi...
Fri, Apr 24 2015, 7:33 AM
After the March 18th FOMC Announcement, bond markets rallied. 10yr yields went from 2.05 to 1.90 on that Wednesday. The following day, they sold of...
Fri, Apr 24 2015, 5:33 PM
Up until this morning's Durable Goods data, bonds looked ready to go either way. MBS and Treasuries were slightly weaker, somewhere around halfway ba...
Fri, Apr 24 2015, 5:09 PM
The Department of Housing and Urban Development (HUD) is
tweaking its bulk loan sales program to give distressed borrowers a better shot
at staying ...
Fri, Apr 24 2015, 3:45 PM
Mortgage rates barely budged again today, which means they've been able to hold under an important ceiling as we head into next week's Fed Announce...
Thu, Apr 23 2015, 12:27 PM
From yesterday's first reprice alert on MBS Live at 9:34am ET:
"There is also the ongoing theme of corporate bond issuance. Several more deals ...
Thu, Apr 23 2015, 10:20 AM
Freddie Mac's Multi-Indicator Market Index (MiMi) for
February shows that the U.S. housing market continues to stabilize and has
recovered from a ...
Thu, Apr 23 2015, 10:17 AM
Home prices nationally are now within 3 percent of the peak
they reached in March 2007. The Federal
Housing Finance Agency (FHFA) released its pu...
Thu, Apr 23 2015, 9:59 AM
Seeing opportunity from the inevitable
flood of aging baby boomers, Wells Fargo has announced formation of a new
specialty business group focused on...
Thu, Apr 23 2015, 9:58 AM
The U.S. Census Bureau reported that nearly 10 percent of U.S.
residents are not happy with their current housing, neighborhood, local
safety or p...
Thu, Apr 23 2015, 7:34 AM
Over the years, we've discussed the concept of "history repeating" in terms of similar market themes playing out, both qualitatively and quantitativel...
Thu, Apr 23 2015, 5:16 PM
Mortgage rates didn't move much today. While a few lenders were modestly improved, most were unchanged or offering slightly higher rates. This st...
Thu, Apr 23 2015, 5:16 PM
With 10yr yields at 1.952, we're certainly not out of the woods yet, but we can at least hold out some hope of exiting the woods. That wasn't such ...
Thu, Apr 23 2015, 2:32 PM
A
second company has now reported a recent increase in the number of underwater residential
properties in the U.S. Last month
Corelogic said tha...
Thu, Apr 23 2015, 2:25 PM
New home sales settled down a bit in March after a dramatic
surge in the Northeast in February that drove national sales figures up nearly
8 perce...
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...
