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...
Tue, Oct 21 2014, 3:03 PM
Financial regulators on Tuesday finally released
the final rule defining Qualified Residential Mortgages (QRM). The definition is intended to determ...
Mon, Oct 20 2014, 12:47 PM
Treasuries were moderately stronger overnight resulting in positive opening levels for MBS. Both continued to improve until the 9:30am stock market o...
Mon, Oct 20 2014, 9:57 AM
I
brought a set of workout clothes to the MBA conference, which turned
out to be a waste because we're all burning lots of calories dashing to
m...
Mon, Oct 20 2014, 7:29 AM
With a few more days between us and last Wednesday's epic bond market snowball, bigger media outlets have begun pondering said epicness. That's not n...
Mon, Oct 20 2014, 5:02 PM
David Stevens, President
of the Mortgage Bankers Association (MBA), told an audience attending the association's
s annual convention in Las Vegas th...
Mon, Oct 20 2014, 4:59 PM
Treasuries and MBS didn't end up making much progress today. Fannie 3.5s are only 2 ticks higher than they were at the close on Friday and 10yr yield...
Mon, Oct 20 2014, 4:31 PM
Federal
Housing Finance Agency (FHFA) Director Melvin L. Watt focused his remarks to
attendees at the Mortgage Bankers Association annual conference...
Mon, Oct 20 2014, 3:32 PM
Mortgage rates returned to levels best characterized as "under 4 percent" today after drifting higher on Friday. Last Wednesday was the first fo...
Mon, Oct 20 2014, 2:13 PM
Earlier this year the Mortgage Bankers
Association (MBA) began releasing its Mortgage Credit Availability Index , a
measure of how "loose" or "tigh...
Fri, Oct 17 2014, 11:31 AM
Zillow most recently published research indicating that a
recession negatively affects the housing industry due to a decrease in
employment oppo...
Fri, Oct 17 2014, 7:36 AM
It's tempting to draw conclusions based on what seem like clear signals in markets.
Clearly stocks and bonds have been in tune with each other ...
Fri, Oct 17 2014, 5:34 PM
Most days with modest gains in MBS would see similarly modest improvements in rate sheets. While there were a handful of positive reprices in the a...
Fri, Oct 17 2014, 3:58 PM
Mortgage rates moved slightly higher today, continuing a pull back from the best levels in 16 months on Wednesday. That said, apart from the first...
Fri, Oct 17 2014, 2:06 PM
One has to hope that foreclosure data
reported on Thursday by RealtyTrac is a sign that states are wrapping up the
foreclosure crisis that has been ...
Fri, Oct 17 2014, 2:03 PM
The Department of Housing and Urban Development has released the first wave
of data from the 2013 American Housing Survey (AHS) . It is a massive t...
Fri, Oct 17 2014, 2:03 PM
Over the last year or so mortgage
servicers have transferred a number of large mortgage portfolios to other
servicers. Beyond the selling of
mor...
Fri, Oct 17 2014, 1:36 PM
Increases in construction permits, starts, and
completions for multifamily housing stand out from an otherwise lackluster
batch of construction data...
Fri, Oct 17 2014, 1:21 PM
Today has been the calmest day of the week so far, which isn't saying too much considering the previous 3 days were the most volatile of the year. 10...
