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...
Wed, Oct 29 2014, 1:59 PM
Completed foreclosures rose slightly in
September CoreLogic said today, but the long-term trend continues to be a
relatively precipitous drop from t...
Tue, Oct 28 2014, 12:13 PM
Treasuries and MBS have seen modest volatility within a modest range this morning. The stage was set with overnight weakness resulting in weaker op...
Tue, Oct 28 2014, 10:59 AM
August data released this morning by S&P Dow Jones Indices reveals that, while home prices throughout the U.S. continue to increase, the rapid pace ...
Tue, Oct 28 2014, 10:53 AM
This
is the season that CEOs are asking underlings for 2015 projections, and
of course no one wants to tell the boss that volume is going to go
...
Tue, Oct 28 2014, 7:35 AM
Beginning last Thursday, Treasuries and MBS have increasingly gone through the motions of consolidation ahead of tomorrow's FOMC Announcement. Intere...
Tue, Oct 28 2014, 5:43 PM
Despite one solid attempt to bounce back to unchanged levels this morning, bond markets spent the day in weaker territory. For most of the day this ...
Tue, Oct 28 2014, 4:08 PM
Mortgage rates were almost universally sideways today with very few lenders changing rate sheets noticeably from yesterday. As such, the most ...
Mon, Oct 27 2014, 12:15 PM
On Friday, European considerations pulled bond markets into weaker territory after a draft of the bank stress test results showed numerous banks with ...
Mon, Oct 27 2014, 10:40 AM
Pending home sales, while increasing
only slightly in September, exceeded those of a year earlier, the first time in
11 months this has occurred. ...
Mon, Oct 27 2014, 10:38 AM
The
Fed reports home ownership among families with a head of household
younger than 40 years old have fallen from about 50% from 2005 to 42%
tod...
Mon, Oct 27 2014, 7:32 AM
This week's headliner will be Wednesday afternoon's FOMC Announcement. While this isn't one of the Fed Announcements that includes the economic proje...
Mon, Oct 27 2014, 4:34 PM
The week got off to a woefully uneventful start. Like many Mondays in terms of trading activity, this one may as well not have happened. The only ...
Mon, Oct 27 2014, 3:47 PM
Mortgage rates were almost perfectly unchanged
over the weekend. Most lenders are still right in line with Friday's
most prevalently-quote...
Mon, Oct 27 2014, 2:15 PM
Home
price increases wound down further in August.
The Home Price Index released by Black Knight Financial Services today
rose a negligibl e 0.1 p...
Fri, Oct 24 2014, 12:33 PM
New home sales increased only slightly in September,
up 0.2 percent over August, bringing the annual rate of those sales to
467,000. Sales were up ...
Fri, Oct 24 2014, 10:59 AM
Fannie Mae said on Thursday that real economic
growth in the last two quarters of 2014 appear poised to exceed 3.0 percent ,
providing a solid basi...
Fri, Oct 24 2014, 10:57 AM
September appears to have been another
month in which loan performance improved and the states continued to slog
through the overhang of delinquen...
Fri, Oct 24 2014, 10:55 AM
According
to Zillow Real Estate Research, home ownership rates among millennials
have declined over the past four decades mainly due to changing...
Fri, Oct 24 2014, 7:22 AM
We approached Thursday's session with a mainstream viewpoint and alternative, more bullish possibilities to consider. The mainstream viewpoint (amo...
Fri, Oct 24 2014, 5:19 PM
Mortgage rates caught a break today and were able to ease just slightly lower heading into the weekend. This is somewhat refreshing because yest...
Fri, Oct 24 2014, 4:37 PM
Earlier today, competing short term trends and considerations made for several salient swings between gains and losses. While MBS and Treasuries nev...
Fri, Oct 24 2014, 1:18 PM
If today's bond market movements were a ball game, it would be the kind you like to see, with numerous lead changes , no runaway victory, and the hom...
Thu, Oct 23 2014, 10:45 AM
"I've decided to sell my Hoover ... well, it was just collecting dust". While we're talking about dust, if you think the drought in California
is ...
Thu, Oct 23 2014, 7:32 AM
Yesterday morning's notes presented a mostly bullish case for bond markets with today as the first potential break from the corrective/consolidative...
Thu, Oct 23 2014, 5:38 PM
Mortgage rates did as expected and departed their recently more stable range today. Unfortunately, we got the less enjoyable of the two potential ...
Thu, Oct 23 2014, 5:33 PM
Today was decidedly negative for bond markets. 10yr yields found no solace in "the gap" from 2.26 to 2.28 and instead moved right through to 2.30. ...
Thu, Oct 23 2014, 2:09 PM
Builders who engage in home remodeling continue to
display confidence in their market the National Association of Home Builders
(NAHB) said today. ...
Thu, Oct 23 2014, 2:06 PM
The percentage
of American homeowners a mortgage that was seriously underwater fell to 15
percent in the third quarter of 2014 RealtyTrac said on ...
Thu, Oct 23 2014, 1:20 PM
Treasury yields moved steadily into the important gap between 2.26 and 2.28 this morning and had been holding their ground just under 2.28 for nearly ...
Wed, Oct 22 2014, 10:49 AM
If I was going to build a house, I'd want to make sure it was on the right lot. For some folks that doesn't work out so well
- thanks to Ali F. fo...
Wed, Oct 22 2014, 8:52 AM
Falling interest rate precipitated a
major refinancing rally during the week ended October 17 even though Columbus
Day shortened the business weeks ...
Wed, Oct 22 2014, 7:36 AM
It's been a pretty boring and consolidative week for bond markets so far, so let's have some fun. What follows is essentially a bullish case for bond...
Wed, Oct 22 2014, 4:47 PM
When you see the word " consolidation " in market analysis--especially with respect to movement in securities prices/yields--it might as well read "co...
Wed, Oct 22 2014, 4:15 PM
Mortgage rates had their single flattest
day since October 2nd today. This is the polar opposite of last week's
exceptional volatility. The...
Wed, Oct 22 2014, 3:26 PM
Frank
E. Nothaft and Leonard Kiefer, Freddie Mac's chief and deputy chief economists
have come up with a formula for lifting the economy from its ...
Wed, Oct 22 2014, 1:32 PM
Here's a two-part chart that does a nice job of framing today's activity in both a longer and shorter term perspective.
As you can see, we ...
Tue, Oct 21 2014, 12:10 PM
This morning's day ahead commentary asked "will bonds continue to defy stocks?"
The answer appears to be an emphatic " yes !"
The S&P is up...
Tue, Oct 21 2014, 11:44 AM
Existing home sales, which ended four
straight months of gains with a 1.8 percent decline in August, bounced back in
September the National Associat...
Tue, Oct 21 2014, 10:57 AM
I
was dealt a serious setback yesterday here at the MBA conference, being
held in the immense Four Seasons, Mandalay, Delano, conference center
...
Tue, Oct 21 2014, 7:34 AM
Will bond markets be able to hold their ground if equities make more meaningful gains today? I don't know but they did yesterday, and it was the b...
Tue, Oct 21 2014, 5:14 PM
It turned out to be an exceedingly uncomplicated day for Treasuries by the time US trading hours rolled around. Before that, yields moved sharply hig...
Tue, Oct 21 2014, 4:18 PM
Mortgage rates continue to bide their time , holding just under 4 percent on average. Some borrowers might see their quote move up .125% from yeste...
