Mon, Jan 5 2015, 12:55 PM
Heading into Christmas, US bond markets began pulling away from European markets in a mostly unfavorable way. In other words, Treasuries and MBS were...
Mon, Jan 5 2015, 10:44 AM
"The
first five days after the weekend are the toughest." And after two
holiday weeks, this week is going to seem pretty long. And how the heck
...
Mon, Jan 5 2015, 7:33 AM
This week promises to be nothing like the last 2. Market participation already began ramping back up on Friday and that should be exponentially tru...
Mon, Jan 5 2015, 5:10 PM
Mortgage rates have fallen substantially in the first week of 2015. While a few of the most aggressive lenders have been able to offer top tier bo...
Mon, Jan 5 2015, 5:03 PM
2014 was a decisively flatter year for the Treasury yield curve. That means that longer-term (7, 10, 30yr) rates were constantly moving lower relat...
Fri, Jan 2 2015, 12:43 PM
Mortgage rates improved significantly to kick off the new year. The gains are a combination of actual improvement in bond markets and lenders lowe...
Fri, Jan 2 2015, 11:29 AM
Surprisingly and refreshingly, today's ISM Manufacturing data has been a clear source of motivation for trading activity today. After it came out a...
Fri, Jan 2 2015, 10:27 AM
The U.S. Census Bureau projected the United States population to be 320.1 million as of yesterday.
(And no, not all of them contribute to NAR.) Th...
Fri, Jan 2 2015, 7:33 AM
I like to periodically offer a reminder on something I wish I'd understood sooner when it comes to financial markets. While we do indeed live in a hi...
Fri, Jan 2 2015, 3:35 PM
It's been an 'up and down' trading session, but the 'ups' have been the clear winners and that looks increasingly solidified as trading winds down f...
Fri, Jan 2 2015, 1:19 PM
It has been a long time coming but
CoreLogic says the improving employment numbers are strongest among precisely
the demographic the housing industr...
Fri, Jan 2 2015, 1:15 PM
What is an acceptable rate of mortgage delinquency? A CoreLogic economist is using current
delinquency rates to argue that delinquencies will always...
Wed, Dec 31 2014, 12:46 PM
Mortgage rates drifted just slightly higher today
amid extra quiet trading conditions. Bond markets (which include the
mortgage-backed-secu...
Wed, Dec 31 2014, 12:38 PM
In the same vein as December 26th, this Mid-Day report might end up standing as the Recap due to the stability of the day's range and the mere 90 mi...
Wed, Dec 31 2014, 11:32 AM
November's pending home sales improved from October levels
and posted the third consecutive year-over-year gain and the largest one in
over a year...
Wed, Dec 31 2014, 11:28 AM
RealtyTrac came in with the highest report of year-over-year
price increases we have seen thus far this year with their estimate of a 15
percent ga...
Wed, Dec 31 2014, 10:55 AM
Those who
follow this kind of thing note that 32% of adults lived with someone
other than a spouse or partner in 2012 vs. only 26% in 2000. From a...
Wed, Dec 31 2014, 7:33 AM
The only thing more tedious than of my technical explanations are those journalistic elements that you just KNOW are coming. Let me explain. Imagi...
Tue, Dec 30 2014, 12:26 PM
Trading conditions continue to be slow during these holiday weeks. This greases the skids for bigger movements regardless of motivation. Last Wednes...
Tue, Dec 30 2014, 11:53 AM
Like their baby-boomer parents before them the millennial
generation appears to be starting to drive parts of the housing market. While their dela...
Tue, Dec 30 2014, 11:39 AM
In its report
for October S&P Dow Jones again points to the slowing acceleration of home
prices through much of the U.S., but this time said there a...
Tue, Dec 30 2014, 10:45 AM
Economists
are carefully watching the impact of falling oil prices on the Texas
(and other oil states) economy. For single adults making the feder...
Tue, Dec 30 2014, 7:33 AM
'Grexit' was an overused term--mostly in 2012--that referred (shockingly) to a "Greek exit" from the Eurozone. I hate overused fad jargon just as muc...
Tue, Dec 30 2014, 5:09 PM
Mortgage rates fell today . The move wasn't big, but it was enough to claim the 5th best spot of 2014 . The 4 other days were consecutive and beg...
Tue, Dec 30 2014, 4:53 PM
Unlike most Tuesday's, today actually saw a decreased level of participation in bond markets. Presumably this is due to yesterday offering more rele...
Mon, Dec 29 2014, 7:27 AM
The end of the month, quarter, or year brings additional trading considerations and we have all three this week. Some measure of "year-end" trading ...
Mon, Dec 29 2014, 4:38 PM
Mortgage rates continued chipping away at the moderately abrupt increases seen last week. Today's gains were indirectly a result of political inst...
Mon, Dec 29 2014, 4:37 PM
Nothing happened this afternoon to add any information or market momentum already in place this morning. The morning events were covered in greater ...
Mon, Dec 29 2014, 2:56 PM
In
spite of the holidays notes and letters continued to come in, and
covered a number of topics including influencing appraisers, how
renovating...
Mon, Dec 29 2014, 2:03 PM
It's been a pretty simple trading session. Overall, participation remains much lower than normal, but has picked up from Friday's levels (which were ...
Fri, Dec 26 2014, 11:12 AM
Mortgage rates bounced back moderately
today, erasing Wednesday's losses. Unfortunately, Wednesday's losses
weren't very big compared to Tuesd...
Fri, Dec 26 2014, 8:51 AM
According to the U.S. Census Bureau's statistics on population, between
July 1st, 2013 and July 1st, 2014 an average of 803 new residents were add...
Fri, Dec 26 2014, 8:23 AM
The day after Christmas falls on a Friday this year. Incidentally, that's today, and that fact puts us in a position to even more firmly declare it a...
Fri, Dec 26 2014, 7:36 PM
As foreseen, foretold, and prophesied, today's trading session was the slowest of the year for bond markets. It wasn't even close either. 10yr Futur...
Wed, Dec 24 2014, 12:41 PM
Here's a special Christmas edition of Do's and Don'ts for prospective buyers or refinancing homeowners embarking on, or already engaged in the mort...
Wed, Dec 24 2014, 11:20 AM
The last potentially notable event on today's calendar is the 7yr Treasury Auction coming up at 11:30am. 7yr auctions aren't typically something mark...
Wed, Dec 24 2014, 10:52 AM
Just under one third of the states plus the District of
Columbia are now in what is considered a "stable" range on Freddie Mc's
Multi-Indicator Mark...
Wed, Dec 24 2014, 10:27 AM
As
you may have guessed, there is no logical correlation between whether
there is snow in Boston on Christmas and the performance of the stock
m...
Wed, Dec 24 2014, 8:53 AM
There was a slight increase in mortgage application volume during the
week ended December 19 as interest rates for the most commonly originated mortg...
Wed, Dec 24 2014, 7:16 AM
The thing about the big holiday weeks (Thanksgiving and Christmas) is that even though we can discount most of what's happening in terms of volatility...
Wed, Dec 24 2014, 1:58 PM
NOTE: Bond markets close at 2pm Eastern today and normal trading hours resume on Friday.
There was not much to write home about in today's session,...
Wed, Dec 24 2014, 1:11 PM
Mortgage rates continued higher today as lenders opted for typically conservative holiday pricing strategies. The bond markets that most directly ...
Tue, Dec 23 2014, 11:46 AM
Sales of new homes fell in November,
coming in 1.6 percent below sales the previous month. The U.S. Census Bureau and the Department of
Housing a...
Tue, Dec 23 2014, 11:37 AM
Home prices nationally, which essentially flat-lined in September,
appear to have resume a moderate rate of increase. The Federal Housing Finance Ag...
Tue, Dec 23 2014, 10:34 AM
Let's talk about the $26 billion in equity gain
in Colorado in 2014 - Rocky Mountain High! What are not gaining are the
stock prices of non-ban...
Tue, Dec 23 2014, 7:32 AM
On just about any other day of the year, today's schedule of economic events would be well worth a few moments of consideration, and certainly capable...
Tue, Dec 23 2014, 5:09 PM
Mortgage rates moved decisively higher today, fueled primarily by the lack of market participation common to this holiday week. Light staffing lev...
Tue, Dec 23 2014, 4:56 PM
Measures of bond market volatility spiked this morning WELL before the 8:30am GDP reading. Of course a +5.0 GDP vs a 4.3% forecast will get all kinds...
Tue, Dec 23 2014, 1:00 PM
Despite an abundance of seemingly relevant economic data, volumes are merely on pace with yesterday, which was the slowest session in more than 3 mo...
Mon, Dec 22 2014, 11:58 AM
It's a real snooze-fest out there, folks. Volumes were already dropping to nearly half of their recent average by Friday, and will be lucky to brea...
