Fri, Sep 26 2014, 4:17 PM
Mortgage rates rose just slightly today, but the move was so small that some lenders are unchanged or even a bit better than yesterday. On top of ...
Fri, Sep 26 2014, 3:41 PM
Study after study has shown that
Millennials - that generation of Americans currently between the ages of 18 and
34 - are becoming homeowners at rat...
Fri, Sep 26 2014, 3:34 PM
Bank of America/Merrill Lynch says its official outlook
for the economy is neither that of a Bull forecasting a cyclical surge or a
Bear's view of s...
Fri, Sep 26 2014, 1:33 PM
GDP came in this morning at a whopping +4.6%, so bond markets are losing ground due to the strong economic data, right?
Wrong...
Bond markets mo...
Thu, Sep 25 2014, 12:23 PM
Once again, economic data has been a non-event in terms of market movement. Instead, two other sources of inspiration clearly stand out for US bond...
Thu, Sep 25 2014, 11:23 AM
A
Harvard study tells us that 35% of American households (both homeowners
and renters) spend at least 30% of their pre-tax income on housing
cos...
Thu, Sep 25 2014, 7:41 AM
Things are finally getting interesting again for bond markets after almost all of 2014 has been relatively boring. Unfortunately, what's interesting ...
Thu, Sep 25 2014, 5:16 PM
Yesterday's sell-off was somewhat disconcerting as it raised the possibility that the push back against September's weakness had run out of steam. ...
Thu, Sep 25 2014, 3:55 PM
Mortgage rates fell back in line with recent lows
after a disconcerting move higher yesterday. In general, rates are
still in the process of b...
Thu, Sep 25 2014, 3:14 PM
U.S. homeowners gained or regained more
than $1 trillion in equity over the year that ended on June 30, 2014. According to Core-Logic's 2nd quarte...
Thu, Sep 25 2014, 2:56 PM
Mortgage delinquencies jumped in August , a 5 percent
increase which sent the rate to its highest level since February. At the same time, foreclos...
Thu, Sep 25 2014, 2:54 PM
At
its second annual summit for stakeholders on Monday the Government National Mortgage
Association (Ginnie Mae) issued a policy paper detailing how...
Thu, Sep 25 2014, 2:35 PM
RealtyTrac estimated on Thursday that
sales of residential property including single family homes, condominiums, and
townhomes set an annual pace of...
Wed, Sep 24 2014, 12:50 PM
Overnight Treasury trading was nothing to write home about. 10yr yields began the day very close to 'unchanged' after initial weakness during Asian h...
Wed, Sep 24 2014, 10:49 AM
I
like to put my money to work. I could earn some decent dividend returns
(3-4%) if I buy some Exxon, or AT&T. Or maybe I should start
loaning m...
Wed, Sep 24 2014, 10:40 AM
There was a significant jump in new home sales in
August as the seasonally adjusted rate broke through the half million mark for
the first time sin...
Wed, Sep 24 2014, 9:19 AM
Last week's rally in
mortgage application activity was just that, last week's. The Mortgage Bankers Association (MBS) said
today that the number of...
Wed, Sep 24 2014, 7:32 AM
If you have TV, Internet, or if you speak to any other humans, it's hard to miss the fact that stocks have been on an exceptionally linear, multi-year...
Wed, Sep 24 2014, 5:36 PM
Today started off well enough for MBS and Treasuries. Although the first part of the overnight session was a bit weaker, European trading helped get ...
Wed, Sep 24 2014, 3:55 PM
Mortgage rates moved higher today ,
ending a winning streak that began last Friday. That positivity
provided a much-needed push back against th...
Tue, Sep 23 2014, 12:58 PM
Fannie
Mae's economists are painting a much improved picture for the economy in the
coming months with encouraging news in the area of business in...
Tue, Sep 23 2014, 12:43 PM
Home prices as measured by the Federal Housing
Finance Agency (FHFA) eked out another small increase in July, but monthly
figures show a definite s...
Tue, Sep 23 2014, 12:29 PM
Once again, bond markets came into the domestic session at slightly stronger levels and have more or less flat-lined. Fannie 3.5s have held inside ...
Tue, Sep 23 2014, 10:58 AM
It would be nice to think that fraud in any industry doesn't exist - but it does. And a story in the Los Angeles Times
reminds readers that frau...
Tue, Sep 23 2014, 7:25 AM
I'm not exactly sure why the presence of economic data (or lack thereof) is worthy of a spot in any headlines relating to the day's market outlook. F...
Tue, Sep 23 2014, 5:21 PM
While mortgage rates aren't based on Treasuries, broader bond market trends are much more easily considered in the context of 10yr yields. Those cros...
Tue, Sep 23 2014, 3:45 PM
Mortgage rates were lower for a 3rd straight day, effectively confirming that markets hadn't merely paused for reflection on a determined move to n...
Mon, Sep 22 2014, 12:31 PM
This morning's Existing Home Sales data was slightly weaker than expected. The annual pace fell to 5.05 mln from 5.15 mln last month. Expectations...
Mon, Sep 22 2014, 11:35 AM
The investors who kept the real estate market living and breathing through
the worst days of the housing crash continue to drift out of the market th...
Mon, Sep 22 2014, 10:14 AM
I've been hearing it for a while, "the market is slow, and home appreciation is stagnant." But here in South Carolina, for example, many markets are o...
Mon, Sep 22 2014, 7:32 AM
This will be a relatively busy week for economic data and scheduled events. No single item stands out as an epic potential market mover, but the tea...
Mon, Sep 22 2014, 5:36 PM
Today's session ended up being much like last Thursday's in that a narrow trading range persisted all day and never made a convincing attempt to mov...
Mon, Sep 22 2014, 4:16 PM
Mortgage rates continued lower at a moderate pace for a second straight day, raising hopes that markets might be pushing back against the existing ...
Mon, Sep 22 2014, 1:23 PM
The second annual Ginnie Mae Summit
opened today in Washington with a keynote speech from the new Secretary of
Housing and Urban Development Julia...
Fri, Sep 19 2014, 12:52 PM
Both MBS and Treasuries are back in line with trading levels from the close of business on Tuesday. Today's gains have been moderate during the domes...
Fri, Sep 19 2014, 10:41 AM
Arrgghh...
I read in Pirate Quarterly that you could take the entire human
population of the earth, put it inside of Texas, and it would still be ...
Fri, Sep 19 2014, 7:34 AM
Yesterday's session was too close to call as far as being a positive or negative epilogue to Wednesday's FOMC day. While it's always positive to not ...
Fri, Sep 19 2014, 4:00 PM
Most of the conceptual analysis of today's action was already covered in the Mid-Day . There were no significant developments into the afternoon, bu...
Fri, Sep 19 2014, 3:18 PM
Mortgage rates moved slightly lower
today after hitting the highest levels in more than 4 months
yesterday. There were no significant economic...
Fri, Sep 19 2014, 2:25 PM
In its latest Mortgage
Lender Sentiment Survey Fannie Mae detected an interesting switch in attitudes
and opinions in two areas. The
third-quarter...
Thu, Sep 18 2014, 12:39 PM
Occasionally the days after FOMC Announcements can can offer more volatility and faster-paced movement than that seen on the day of the announcement. ...
Thu, Sep 18 2014, 10:59 AM
Peter
Drucker opined, "Management is doing things right; leadership is doing
the right things." The Federal Reserve sure wants banks that lend mon...
Thu, Sep 18 2014, 7:32 AM
With the Fed-related events out of the way, we'll finally get to see how much they mattered. Yesterday's initial market reaction--while negative--was...
Thu, Sep 18 2014, 5:01 PM
Today turned out to be spooky, or at least 'uninformative' from a market-watching standpoint. Here we have an active trading day following a hotly-...
Thu, Sep 18 2014, 3:49 PM
Mortgage rates only moved slightly higher today for most lenders. Some lenders were unchanged from yesterday, but on average, rates inched up to m...
Thu, Sep 18 2014, 3:19 PM
The
Federal Housing Finance Agency's (FHFA) Office of the Inspector General (OIG)
has released an audit critical of the FHFA for decision making l...
Thu, Sep 18 2014, 3:03 PM
Housing
starts 'plummeted' in August the Census Bureau said today, falling 14.4 percent
from the revised seasonally adjusted annual rate of 1,117,00...
Wed, Sep 17 2014, 12:35 PM
Bond markets were slightly stronger again overnight but in the context of the past few weeks, we're essentially flat for the past 3 days. This consol...
Wed, Sep 17 2014, 11:33 AM
A four point jump in September has taken the
National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index
(HMI) to its highest re...
Wed, Sep 17 2014, 11:00 AM
Want
some numbers that none of us will remember, but that are indicative of
demographic trends that won't help lending? In 2010, households headed...
