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 ...
Tue, Nov 4 2014, 12:33 PM
Home prices fell slightly in September
compared to the previous month CoreLogic said on Tuesday, but continued to
increase on a year-over-year basi...
Tue, Nov 4 2014, 12:26 PM
The Mortgage Bankers Association (MBA) said on
Tuesday that an anomaly was likely responsible for the slight downward shift in
mortgage credit ava...
Tue, Nov 4 2014, 12:18 PM
Treasuries were stronger overnight as substantially downgraded Eurozone growth forecasts pulled yields lower. Interestingly (or 'suspiciously') eno...
Tue, Nov 4 2014, 10:55 AM
It
is Election Day (with a suitable joke below) and I am visiting Salt
Lake City. A recent report indicates that Utah ranked higher than the
nat...
Tue, Nov 4 2014, 7:43 AM
I haven't mentioned mid-term elections until today, which is a pretty fair deal considering their potential market impact. It may even be giving them...
Tue, Nov 4 2014, 5:00 PM
Bond markets traded an "inside day" today, meaning that the entirety of today's trading ranges in MBS and Treasuries fell "inside" the highs and lows ...
Tue, Nov 4 2014, 3:26 PM
Mortgage rates recovered somewhat
after moving to the highest levels in nearly a month yesterday. That
sounds more dramatic than it is consi...
Mon, Nov 3 2014, 12:20 PM
The
downward-drifting participation of first-time homebuyers over the last few
years has brought their share of the home buying market to its lowes...
Mon, Nov 3 2014, 12:12 PM
The overnight session got off to a slow start for US bond markets as Japan was out on holiday. This is important not only because overnight Treasury ...
Mon, Nov 3 2014, 11:31 AM
"Please
understand that we are acutely aware of the challenges created for
homebuyers, lenders and realtors when we are unable to meet desired
t...
Mon, Nov 3 2014, 7:26 AM
After last week's anticlimactic reaction to the end of QE3, the current week offers up several places to look for the inspiration owed to bond markets...
Mon, Nov 3 2014, 5:13 PM
In the context of a fairly narrow trading range by historical standards, bond markets had a volatile day. The start of the overnight session saw the ...
Mon, Nov 3 2014, 4:15 PM
Mortgage rates continued higher today, edging up to their worst levels in nearly a month. The most prevalently-quoted conforming 30yr fixed rate...
Mon, Nov 3 2014, 1:50 PM
U.S. construction spending eased back
slightly in September, to a seasonally adjusted annual rate of $950.92 billion. The U.S. Census Bureau repor...
Fri, Oct 31 2014, 12:46 PM
This will largely be a reprint of an update that appeared on MBS Live this morning. Reason being: that update covered the impact of big, surprising n...
Fri, Oct 31 2014, 11:07 AM
A recent motion filed by a mortgage
company to dismiss portions of a class action suit against it shows, according
to an attorney familiar with the ...
Fri, Oct 31 2014, 11:03 AM
Gaps of all kinds are widening out, and they are impacting business. In a story about " New Homes' Problem: Price " the
gap between the more exp...
Fri, Oct 31 2014, 7:32 AM
No single method of market analysis is always better than another, which is why it's always better to consider as many as possible and look for agreem...
Fri, Oct 31 2014, 5:01 PM
10yr yields are heading out the door at 2.335--a very significant level considering it had been the lowest closing yield of the year until October 8...
Fri, Oct 31 2014, 3:40 PM
Mortgage rates drifted inconsequentially higher to end the month, remaining well-within the recent range, albeit closer to the higher end. The mo...
Fri, Oct 31 2014, 3:26 PM
A survey of attitudes toward housing
released on Thursday by The Demand Institute indicates that the Baby Boom
generation still has no intention of...
Thu, Oct 30 2014, 12:30 PM
"A real estate market that should be flying high is
instead a real estate market that is faltering ," according to Brian Mushaney,
Executive Vice...
Thu, Oct 30 2014, 12:02 PM
"Jobless Claims remained in the 280's and GDP came in at 3.5 vs a 3.0 forecast. So naturally, bond markets are adding to yesterday's weakness."
Th...
Thu, Oct 30 2014, 11:19 AM
As
mortgage bankers gear up to see what the Shipping Department dresses up
as tomorrow, let's take a quick look at some demographics. There is now...
Thu, Oct 30 2014, 7:29 AM
GDP reports come in three flavors: advance, preliminary, and final. Today is the 'advance' reading for the 3rd quarter and hence the first look at Q3...
Thu, Oct 30 2014, 4:59 PM
If the official end of QE is to be an inspirational moment for bond markets in the bigger picture, you wouldn't know it based on how trading has gone ...
Thu, Oct 30 2014, 3:48 PM
Mortgage rates pulled back
to hold near 4 percent after rising to the highest levels in 3 weeks.
After yesterday's Fed announcement, the mos...
Wed, Oct 29 2014, 12:11 PM
MBS and Treasuries are at their weakest levels in 3 weeks ahead of this afternoon's FOMC Announcement. That's really all there is to it. We haven't ...
Wed, Oct 29 2014, 10:34 AM
You don't think things are changing? Apple announced it has signed up 500 more banks
in addition to the 6 largest US banks it announced during the l...
Wed, Oct 29 2014, 9:54 AM
Mortgage application numbers during the week ended
October 24 backed off a bit from the numbers posted during the week ended
October 17 but were s...
Wed, Oct 29 2014, 7:32 AM
I worked really hard just now on avoiding the use of the cliche headline opener "all eyes." You see that a lot (no pun intended) when it comes to thi...
Wed, Oct 29 2014, 5:03 PM
Nine times out of ten, any conversation about trading volume in bond markets is pointless and dangerous when it comes to considering potential mor...
Wed, Oct 29 2014, 4:36 PM
Mortgage rates rose to the highest level in 3 weeks
after today's Fed Announcement. The move was a two-part process with
initial rate shee...
