Mon, Dec 1 2014, 7:32 AM
Between the healthy dose of domestic economic data, tradeflow considerations, and European Central Bank (ECB) Announcement, this week will set the ton...
Mon, Dec 1 2014, 6:19 PM
Heading into today, we knew the recent run to low rates would be a risk from a corporate issuance standpoint. The Day Ahead noted: " Last week's run ...
Mon, Dec 1 2014, 5:04 PM
Mortgage rates were exceptionally low this morning . In many cases, lenders' rate sheets were stronger than those seen early on October 15th, mak...
Mon, Dec 1 2014, 2:32 PM
The ghosts of originations past could
still come back to haunt the housing industry according to a new report from
Fitch Ratings. The company says ...
Mon, Dec 1 2014, 2:21 PM
Could lower energy costs translate into a
more lively real estate market? It seems
logical - the less consumers must spend to keep their cars mov...
Fri, Nov 28 2014, 10:41 AM
For
a deviation from the topic of millennials living at home, since the
industry seems so focused on the behavior of this group (just like we
we...
Fri, Nov 28 2014, 8:42 AM
I made some fantastic stuffing this year. Just like mom used to make, and probably very much like she'll make when we drive down to do the Thanksgivi...
Fri, Nov 28 2014, 1:29 PM
Mortgage rates were slightly lower today, but it was in no way indicative of the improvements seen in the mortgage-backed-securities (MBS). MBS,...
Fri, Nov 28 2014, 1:28 PM
Heading into today, it stood to reason that the normal spat of supportive, compulsory bond buying that occurs at the end of the month would have alrea...
Wed, Nov 26 2014, 12:22 PM
In what could be a controversial move the Federal
Housing Finance Agency (FHFA) has directed the government sponsored enterprises
(GSEs) to allow fo...
Wed, Nov 26 2014, 12:18 PM
Sales of newly constructed single family
homes rose slightly in October compared to September and were also improved
from sales a year earlier. The...
Wed, Nov 26 2014, 12:13 PM
While pending home sales were down
slightly compared to September the National Association of Realtors® (NAR) said
October was the second month in...
Wed, Nov 26 2014, 12:09 PM
It might not actually be on the calendar, but in almost every way that matters, the trading day is over for bond markets. The 11:30am 7yr Treasury ...
Wed, Nov 26 2014, 9:38 AM
With
Thanksgiving around the corner, here's some conversation fodder.
Thanksgiving became a national holiday 151 years ago when President
Lincol...
Wed, Nov 26 2014, 8:54 AM
Mortgage application volume was mixed during
the week ended November 21. The Mortgage Bankers Association (MBA) reported
that its Market Composite I...
Wed, Nov 26 2014, 7:32 AM
Today exemplifies the week as a whole. All we can do is buckle up , hope for the best, and not sweat it too much if the rally stalls.
Reason bei...
Wed, Nov 26 2014, 3:59 PM
Nothing much has changed since the mid-day commentary because bond markets had already effectively "left the building" after the 11:30am Treasury ...
Wed, Nov 26 2014, 2:47 PM
Mortgage rates moved lower again today , solidifying yesterday's tentative break back into the "high 3's" for top tier 30yr fixed rates. In fact,...
Tue, Nov 25 2014, 12:32 PM
With the increased amount of data on today's calendar, we've seen increased volatility, but it hasn't been too threatening so far. In fact, bond ma...
Tue, Nov 25 2014, 11:25 AM
The maximum conforming loan limit will
remain at $417,000 for most of the U.S. in 2015. FHFA announced the limits, which define the
size of loans...
Tue, Nov 25 2014, 11:00 AM
Is the party officially over?
S&P Dow Jones Indices said today that
the increase in home prices, which has shown diminishing energy for months,
...
Tue, Nov 25 2014, 10:20 AM
The
next story reminds me of the husband who was asked by his wife (who
invited the guests, cleaned the house, did the shopping, made the
stuffi...
Tue, Nov 25 2014, 7:33 AM
Yesterday was a fairly solid day for bond markets. Although it suffered from decreased participation, there was still strong support at technical c...
Tue, Nov 25 2014, 5:16 PM
The day began in fine shape, especially in light of the stronger reading on GDP. European bond market strength remains at the heart of our ability to...
Tue, Nov 25 2014, 3:55 PM
Mortgage rates fell more today than in recent days. Positivity was fueled chiefly by European bond market strength as serious growth concerns pe...
Mon, Nov 24 2014, 12:57 PM
Meaningful inputs have been few and far between for bond markets today. With Japanese markets closed, overnight Treasury trading got off to a late st...
Mon, Nov 24 2014, 10:34 AM
If you're looking for next investment property, the nearest "college town" may serve you well. According to research from Clear Capital ,
out of ...
Mon, Nov 24 2014, 7:33 AM
Past examples of Thanksgiving weeks vary when it comes to market behavior. There's no major bias toward gains or losses and the volatility doesn't ...
Mon, Nov 24 2014, 5:15 PM
During the 3.5-day Thanksgiving week, we expect to see a lack of participation in bond markets juxtaposed with condensed data and volatility. Data ...
Mon, Nov 24 2014, 4:40 PM
Mortgage rates continue making
improvements so small and so steady that they're barely noticeable, but
they're improvements just the same. T...
Mon, Nov 24 2014, 2:23 PM
The Federal Reserve has completed its
latest round of Quantitative Easing, the government sponsored enterprises
(GSEs) Freddie Mac and Fannie Mae ar...
Fri, Nov 21 2014, 12:50 PM
Overnight events amounted to nothing more than noise for US bond markets. Tough talk from European Central Bank President Mario Draghi did more to he...
Fri, Nov 21 2014, 10:44 AM
In New York, the New York Mortgage Bankers Association's website
is now live. The group is functioning and has already had meetings with
DFS, so...
Fri, Nov 21 2014, 7:30 AM
Have you ever had one of those awkward super early arrivals to an event? Did you wait in the lobby? Was the lobby even open? Did you hide the fact ...
Fri, Nov 21 2014, 5:52 PM
In the shadow of October 15th--by some measures, the most volatile day in the history of Treasury trading--everything that's followed has been exceedi...
Fri, Nov 21 2014, 5:12 PM
Mortgage rates improved again today ,
carving out another November low, albeit by only a small margin. For
some lenders, rates are officially...
Fri, Nov 21 2014, 2:38 PM
Growing
numbers of severe weather events throughout the U.S. may be giving new meaning
to "location, location, location" in the housing world. Co...
Fri, Nov 21 2014, 2:22 PM
Fannie Mae
and Freddie Mac have nailed down the promised details the life-of-loan
exclusions related to their representation and warranty framewor...
Fri, Nov 21 2014, 2:20 PM
A report from the Federal Housing Finance
Agency (FHFA) says that while the average fee charged by the government
sponsored enterprises (GSEs) for p...
Fri, Nov 21 2014, 1:45 PM
The Consumer Financial Protection Bureau (CFPB) has proposed
some new measures affecting the way servicers handle mortgages in various
stages of def...
Thu, Nov 20 2014, 12:20 PM
It's been a solid day for bond markets so far, with most of that solidness coming courtesy of a big correction to yesterday's European bond market w...
Thu, Nov 20 2014, 10:54 AM
For
those of you who'd rather watch a video than read the written word, the
Federal Deposit Insurance Corporation (FDIC), which knows a thing or
...
Thu, Nov 20 2014, 7:32 AM
Today is sorta nuts . If we listed out line items for all the European economic data, domestic economic data, Fed speakers, corporate bond issuance ...
Thu, Nov 20 2014, 5:49 PM
There was a metric ton of data on tap today, both at home and abroad. During the European session, most of the data was weaker. Given that Europe s...
Thu, Nov 20 2014, 5:00 PM
Mortgage rates improved today following
weaker economic data in Europe. That data fueled demand in bond
markets overnight, pulling US Treasu...
Thu, Nov 20 2014, 1:08 PM
Melvin L. Watt, Director of the Federal Housing Finance
Agency (FHFA) told the Senate Banking Committee today that Freddie Mac and
Fannie Mae (the G...
Thu, Nov 20 2014, 1:02 PM
If October sales of existing homes are an indication
2014 may come to a better conclusion than has been expected. The National Association of Realto...
Wed, Nov 19 2014, 12:48 PM
There has only been one story today for domestic bond markets, and that's been European bond markets! They tanked after one of Germany's most widel...
Wed, Nov 19 2014, 11:53 AM
October was a mixed month for new
residential construction data. More
permits were issued than in September but housing starts and completions w...
Wed, Nov 19 2014, 10:56 AM
Seattle's Zillow has published good news for the real estate industry . Its report
regarding hidden households and future housing activity indica...
