Fri, Nov 14 2014, 12:27 PM
This morning's Retail Sales report definitely didn't help make the case for a bond market rally. It's not that it beat expectations by much (only .3 ...
Fri, Nov 14 2014, 10:34 AM
Regardless of if you're a bank or not a bank, the decision to service loans is not one to be taken lightly. Regulators are drafting rules to
addre...
Fri, Nov 14 2014, 7:43 AM
It seems a bit oversimplified and a bit old-school to look to economic data as holding the key to a potential bond market rally. After all, economic ...
Fri, Nov 14 2014, 4:43 PM
Mortgage rates fell today , reaching levels not seen since late October. That may sound fairly positive--and of course, it's better than being at...
Fri, Nov 14 2014, 4:40 PM
Bond markets continue to put on a clinic in terms of avoiding anything meaningful or exciting . 3pm yields in 10yr Treasuries haven't varied by more...
Thu, Nov 13 2014, 12:35 PM
Bond markets were slightly weaker during Asian hours, but got their groove back during the European session. This wasn't so much a factor of economic...
Thu, Nov 13 2014, 10:06 AM
A surge in scheduled auctions sent the
overall rate of foreclosure activity surging in October. In its U.S.
Foreclosure Market Report released on ...
Thu, Nov 13 2014, 9:56 AM
The Mortgage Bankers Association (MBA) noted a significant
increase in new home sales in October.
MBA's estimate is based on responses to its Bui...
Thu, Nov 13 2014, 9:53 AM
The
amount of single young adults who are fully employed has increased from
25% in 1976 to 40% in 2013. But married young adults where both spouse...
Thu, Nov 13 2014, 7:33 AM
Sometimes after the last Treasury auction of any given week, we see a so-called "relief rally" where traders who were cautious, hesitant, or otherwi...
Thu, Nov 13 2014, 4:56 PM
Mortgage rates were sideways for the most part today, keeping the most prevalently quoted conforming 30yr fixed rates between 4.0 and 4.125%. Af...
Thu, Nov 13 2014, 4:49 PM
Bonds saw a rare post-8am rally today. Even though there were European considerations potentially contributing to the rally, recent positivity has be...
Wed, Nov 12 2014, 12:23 PM
Today's activity in bond markets leaves rates perfectly flat , on average , during the month of November. In other words, on a chart of 10yr yields...
Wed, Nov 12 2014, 10:29 AM
Many company's doc drawers and funders are coming back to work after Veteran's Day and realizing that there are only 18 funding days in November.
(E...
Wed, Nov 12 2014, 10:16 AM
Mortgage application volume declined slightly in all but
one category during the week ended November 7.
The Mortgage Bankers Association said tha...
Wed, Nov 12 2014, 7:40 AM
As bond markets get back to business today, the afternoon's 10yr Note auction will be important one way or another . Actually, that could be said wi...
Wed, Nov 12 2014, 5:03 PM
Mortgage rates began the day lower , but not too far from Monday's latest levels. As the day progressed, the bond markets that underlie rate move...
Wed, Nov 12 2014, 4:57 PM
Overnight trading was positive for bond markets with 10yr yields falling to 2.319 as they crossed into the domestic session. Slumping stocks and Euro...
Wed, Nov 12 2014, 3:34 PM
Seven years after the financial crisis the
private label securities (PLS) market is "barely clinging to life" , a Treasury
official said on Wednesd...
Mon, Nov 10 2014, 12:41 PM
There was active trading overnight among a diverse group of market participants. Most importantly, that group included what's known as "real money" b...
Mon, Nov 10 2014, 11:13 AM
The fun just doesn't end. Not only is a CFPB penalty against a lender rumored to be announced soon, but now we have the Rolling Stone doing a story ...
Mon, Nov 10 2014, 7:27 AM
With bonds closed on Tuesday for Veterans Day, market participation should be lighter than normal today. That said, it won't be as light as it would ...
Mon, Nov 10 2014, 4:34 PM
Mortgage rates were slightly higher today,
erasing some of the gains seen on Friday, but remaining well within the
recent range. The most pr...
Mon, Nov 10 2014, 4:34 PM
NOTE: It's "Notification Day" for Fannie and Freddie 30yr Fixed MBS. That means that November coupons will no longer be traded after today and thus ...
Mon, Nov 10 2014, 2:11 PM
Consumer attitudes toward housing and the
economy in general continued the slow improvement that has become the norm according
to results from the...
Mon, Nov 10 2014, 1:43 PM
Senior loan officers who responded to the Federal
Reserve's quarterly survey of bank lending practices in October reported that
changes to bank len...
Fri, Nov 7 2014, 12:42 PM
Bond market resilience last Friday in the face challenging news suggested buyers might be planning an attack for the near future. It would have been ...
Fri, Nov 7 2014, 10:34 AM
Lots of folks
are going crazy over the avalanche of rules and regulations that are
increasing the cost of every mortgage made in the United States...
Fri, Nov 7 2014, 7:32 AM
From the moment yields began drifting higher following the mid-October rally, absolutely nothing new has happened for bond markets. Trading levels ha...
Fri, Nov 7 2014, 5:14 PM
Mortgage rates made a strong move lower
today, erasing the entire week's losses and regaining levels last seen
on October 30th and 31st. In ...
Fri, Nov 7 2014, 5:13 PM
S&P futures--the best and most liquid snapshot of the broader US stock market--closed yesterday about 2 points higher than they are heading into the c...
Fri, Nov 7 2014, 2:54 PM
Equity got some close scrutiny in the
current edition of Mortgage Monitor, a
monthly publication of Black Knight Financial Services. The company ...
Fri, Nov 7 2014, 2:09 PM
Earlier this year, after solid price increases nationally (11 percent in
2013 alone) and near meteoric gains in some markets, speculation began about...
Fri, Nov 7 2014, 1:31 PM
I was struck by a comment made by the Mortgage Bankers’ Association President David Stevens last week: "It's time to acknowledge all the safeguard...
Fri, Nov 7 2014, 1:25 PM
Federal Housing Finance Agency (FHFA) Director Melvin H.
Watt told an audience of Realtors® today that after some difficult years in
housing a much ...
Thu, Nov 6 2014, 12:21 PM
This morning's main event was the post-announcement press conference with ECB (European Central Bank) President Mario Draghi. It made for some volati...
Thu, Nov 6 2014, 10:57 AM
The National Association of Home
Builders/First American Title Leading Market Index (LMI) had a year-over-year net
gain of seven metropolitan area...
Thu, Nov 6 2014, 10:54 AM
This
week I have the privilege of spending a little time in Murfreesboro, TN
(with First Community Mortgage) and a few days ago in Salt Lake City ...
Thu, Nov 6 2014, 7:22 AM
The actual geometric shape that would be required to account for all the different considerations affecting bond markets would be one of those long do...
Thu, Nov 6 2014, 5:19 PM
With this morning's ECB events merely causing volatility that resulted in essentially no change in trading levels, the most interesting aspect of th...
Thu, Nov 6 2014, 3:45 PM
Mortgage rates didn't budge today . Most lenders didn't adjust rate sheets enough to affect yesterday's loan quotes. This is a fairly rare occur...
Thu, Nov 6 2014, 2:07 PM
Institutional
investor participation in the single family residential market fell another
notch in the third quarter of 2014. RealtyTrac
said to...
Thu, Nov 6 2014, 2:02 PM
Is the foreclosure storm almost over or
as RealtyTrac suggests in its most recent HousingNewsReport , merely
gathering strength to come roaring ba...
Thu, Nov 6 2014, 1:43 PM
Both Freddie Mac
and Fannie Mae released third quarter financial results on Thursday. The government sponsored enterprises (GSEs)
each reported tha...
Wed, Nov 5 2014, 12:50 PM
While today had a chance to kick off the bigger potential volatility expected during the second half of the week, an uneventful reaction to election...
Wed, Nov 5 2014, 10:40 AM
If
you don't think that the gap between the haves and have-nots is
widening, Forbes reports about 50% of global wealth is controlled by 1%
of th...
Wed, Nov 5 2014, 9:30 AM
The resurgence enjoyed by refinancing over the last few weeks subsided a
bit in the face of rising interest rates during the week ended October 31. ...
Wed, Nov 5 2014, 7:32 AM
( NOTE : BLS and NFP are used somewhat interchangeably below, but the numbers in the charts are actually BLS's PRIVATE payrolls as NFP includes too mu...
Wed, Nov 5 2014, 4:48 PM
Mortgage rates continued their now incessant trend of exceptionally small day-to-day movement, rising only marginally today and remaining in the ...
Wed, Nov 5 2014, 4:43 PM
Tomorrow morning brings the European Central Bank (ECB) announcement and press conference with ECB Pres. Mario Draghi. While nothing new is expected ...
