Thu, Feb 26 2015, 6:04 PM
Mortgage rates were slightly higher today, undoing the modest gains seen yesterday, but leaving the more significant drop from Tuesday intact. ...
Wed, Feb 25 2015, 12:59 PM
Although there was a brief move to the lows of the day just after the noon hour, MBS have been doing a fine job of holding almost all of the gains fro...
Wed, Feb 25 2015, 10:49 AM
Sales of newly constructed single-family homes dipped only slightly
in January from December levels. The U.S.
Census Bureau and Department of Hou...
Wed, Feb 25 2015, 9:27 AM
Although
the focus of this 6-day a week commentary is residential, it is good to
have an awareness of commercial lending - especially as it compet...
Wed, Feb 25 2015, 8:59 AM
Mortgage applications
declined again during the week ended February 20. The Mortgage Bankers Association (MBA) said
that its Market Composite Ind...
Wed, Feb 25 2015, 7:34 AM
The answer to the question posed in the headline is "yes," both Yellen and Greece are moving markets. Unfortunately for the more traditional thinke...
Wed, Feb 25 2015, 5:44 PM
There are few situations that warrant more happiness or relief over what turned out to be a merely flat trading session in bond markets. Reason be...
Wed, Feb 25 2015, 4:04 PM
Mortgage rates had a bad Valentines Day. It's not that anything happened on that Saturday. Indeed, lenders weren't even open. It's just that t...
Wed, Feb 25 2015, 2:43 PM
Freddie
Mac said on Wednesday that its Multi-Indicator Market Index (MiMi) still shows that,
at the national level, housing is continuing to stabil...
Wed, Feb 25 2015, 2:40 PM
Black Knight Financial Services has released a "first look"
at its month-end January mortgage performance statistics. The company regularly previe...
Wed, Feb 25 2015, 2:40 PM
The
Home Price Index (HPI) report issued this week by Black Knight Financial
Services shows the December national index at $241,000, a -0.1 percent...
Tue, Feb 24 2015, 11:24 AM
Despite increases in 2014 that
were twice that of inflation, house prices are "faltering." The S&P/Case-Shiller composite city indices
for Decemb...
Tue, Feb 24 2015, 10:55 AM
Zelman and Associates published its January Homebuilding Survey ,
indicating that 2015 is off to a strong start. Order growth increased
32% year-...
Tue, Feb 24 2015, 7:33 AM
The Fed Chair's semi-annual congressional testimonies are always a hoot. That's where we get to see a delightful mix of politicians read what some ...
Tue, Feb 24 2015, 5:30 PM
If today wasn't a record in terms of positive reprice reports from MBS Live users, it was right up there. 44 have come through as yet, and it's n...
Tue, Feb 24 2015, 4:40 PM
Mortgage rates had their best day of the month today following Fed Chair Yellen's testimony before the Senate Banking Committee. That's part...
Tue, Feb 24 2015, 1:18 PM
There are a lot of moving parts to today's movement, and most of them working in synergy to benefit bond markets. The day began with Greece getting t...
Mon, Feb 23 2015, 12:58 PM
Despite Friday's volatile move into weaker territory, recent bond market trading decisions have been surprisingly logical. Arguably, we saw Friday ...
Mon, Feb 23 2015, 10:57 AM
Existing home sales in January were disappointing
to start the New Year, declining to their lowest rate in nine months. The sales, which include com...
Mon, Feb 23 2015, 10:34 AM
Young adults are stacking up, but not shacking up -
according to a recent Zillow analysis .
Most young adults are living with their parents or l...
Mon, Feb 23 2015, 7:33 AM
The current week begins with what may amount to some simple housekeeping for the Eurozone as Greece submits the list of reforms it's been working on o...
Mon, Feb 23 2015, 5:15 PM
Perhaps the headlines did too good of a job of selling Friday's Greek news as something more definitive than it was. After all, most headlines were s...
Mon, Feb 23 2015, 4:32 PM
Mortgage rates ended the day in almost perfectly unchanged territory versus Friday's despite trading levels improving in the secondary mortgage...
Mon, Feb 23 2015, 3:45 PM
There appears to be a battle in the making between
Realtor.com, which has provided on-line nationwide residential listing
information since the In...
Fri, Feb 20 2015, 12:21 PM
Did you catch the Day Ahead? It turned out to be pretty timely . Here it is if you need it:
MBS Day Ahead: Europe no Longer Fears Dominoes; Up...
Fri, Feb 20 2015, 11:00 AM
I
have been speaking with plenty of mortgage bankers in recent weeks -
what are they saying? The refi biz is alive and well but slowing
markedly...
Fri, Feb 20 2015, 7:32 AM
Things began to change in the Eurozone in 2013. That was when Cyprus and Italy were providing mild aftershocks following the bigger drama in 2010-2...
Fri, Feb 20 2015, 5:58 PM
I will have to be careful with how emphatically I convey today's volatility to friends and family. Anyone who doesn't follow markets as closely would...
Fri, Feb 20 2015, 4:51 PM
Mortgage rates are ending the day in very similar territory to yesterday's latest levels but have had something of a wild ride between now and ...
Fri, Feb 20 2015, 4:18 PM
Loans for home refinance made up 51 percent o f all loan
originations in January, an 8 percent jump compared to December. Ellie
Mae's Originat...
Fri, Feb 20 2015, 1:33 PM
Like Freddie Mac, Fannie Mae has
also reported a profitable fourth quarter of 2014 and a profitable year. The company had both net and comprehensive...
Fri, Feb 20 2015, 1:20 PM
Freddie Mac said today that full-year net income and
comprehensive income, $7.7 billion and 9.4 billion respectively, made 2014 the
company's third ...
Thu, Feb 19 2015, 10:56 AM
Just as the government sponsored enterprises Fannie Mae and
Freddie Mac are launching new 97 percent conventional loans, RealtyTrac is
announcing th...
Thu, Feb 19 2015, 10:50 AM
Quicken
Loans recently released its monthly Home Price Perception Index (HPPI)
and Home Value Index (HVI). According to the HPPI, appraiser's ho...
Thu, Feb 19 2015, 7:34 AM
No, yesterday's FOMC Minutes weren't enough to change the fate of bond markets in and of themselves. They weren't even enough to get bond markets bac...
Thu, Feb 19 2015, 6:16 PM
When you get an instantaneous 7bp rally in 10yr yields following an FOMC communication, only to immediately bounce on the preexisting trendline and co...
Thu, Feb 19 2015, 5:10 PM
Mortgage rates didn't move much today on average, but some lenders were noticeably better or worse compared to yesterday. It's not that they wer...
Thu, Feb 19 2015, 4:05 PM
Housing affordability grew slightly in the fourth quarter of
2014 according to the National Association of Home Builders (NAHB)/Wells Fargo
Housing ...
Thu, Feb 19 2015, 4:02 PM
Freddie Mac's economists have revised many of their earlier
estimates for the 2015 U.S. economy. In
terms of overall economic growth the revisions ...
Thu, Feb 19 2015, 1:24 PM
An 'inside day' refers to today's trading range happening completely INSIDE yesterday's trading range. The resulting lower-highs and higher lows be...
Wed, Feb 18 2015, 12:36 PM
What a quiet day it's been so far! Today's noncommittal sideways grind is the polar opposite of yesterday's steam-roller. This wasn't necessarily ...
Wed, Feb 18 2015, 10:20 AM
Bank
tellers and other bank employees are very aware of elder abuse, and
train regularly to spot it. (Hopefully I won't be accused of it - my
ne...
Wed, Feb 18 2015, 10:08 AM
The Census Bureau and the Department of Housing and Urban
Development's New Residential Construction summary for January 2015 showed
mixed and mostl...
Wed, Feb 18 2015, 9:42 AM
Mortgage application
volume fell across the board for the second straight time during the week ended
February 13, 2015. The Mortgage Bankers
Assoc...
Wed, Feb 18 2015, 6:18 PM
It was a nice, simple day as far as market watching was concerned. The overnight session was straightforward, with initial weakness driven by Eurozon...
Wed, Feb 18 2015, 5:09 PM
Mortgage rates caught a bit of break today, logging the first meaningful improvements in the entire month of February. The gains weren't much ...
Wed, Feb 18 2015, 3:07 PM
This afternoon's release of the Minutes from the most recent FOMC meeting make sense. They're filled with exactly the sort of stuff markets expec...
Wed, Feb 18 2015, 1:35 AM
The US version of 2015's massive bond market movement doesn't make for very riveting analysis. It's not the sort of thing that will be very satisfyin...
Tue, Feb 17 2015, 10:59 AM
Bad weather appears
to be taking a toll on otherwise solid builder confidence. The
National Association of Home Builders (NAHB) said its Housing ...
Tue, Feb 17 2015, 10:16 AM
Here's
the riddle of the day. What is "165"? Answer: it is the number of
business days until August 1, when the RESPA-TILA rules go into place . ...
