Mon, Jun 9 2014, 7:42 AM
In stark contrast to the previous week, this one is very light in terms of economic data and events. That relative silence coincides well with rate...
Mon, Jun 9 2014, 3:54 PM
On the approach, this week looked very light in terms of relevant calendar events to inspire trade. So far, that probable lack of inspiration is tu...
Mon, Jun 9 2014, 3:11 PM
Mortgage rates rose moderately
today. Market conditions were exceptionally quiet and after trading
opened in the secondary mortgage market, th...
Fri, Jun 6 2014, 12:35 PM
Long before yesterday's ECB Announcement, traders and talking heads alike have been lamenting the lack of volatility in bond markets. If they'd onl...
Fri, Jun 6 2014, 10:29 AM
It
is a good thing to put this gfee thing in perspective. They impact a
lot of things: the price a borrower pays for a loan, the share of
busine...
Fri, Jun 6 2014, 10:18 AM
Among
Mel Watts first acts as Director of the Federal Housing Finance Agency (FHFA)
in January 2014 was to suspend implementation of increases in...
Fri, Jun 6 2014, 7:30 AM
The ECB threaded the needle yesterday. By some accounts, they did more or less than expected, but both camps agreed it was very close to expectatio...
Fri, Jun 6 2014, 4:27 PM
Thinking back to the last NFP report, we had that big beat (288k vs 215k forecast), that ultimately ended in gains for bond markets. That was prett...
Fri, Jun 6 2014, 3:24 PM
Mortgage rates remained very close
to yesterday's latest levels, though that varies depending on the time
of day. Though they returned closer ...
Thu, Jun 5 2014, 12:30 PM
Expectations were all over the board for today's European Central bank policy announcement, as well as the characterization of future policy potenti...
Thu, Jun 5 2014, 11:10 AM
The Mutual
Mortgage Insurance Fund is a fund that insures mortgages made by the
Federal Housing Administration on single-family homes;
the fun...
Thu, Jun 5 2014, 10:53 AM
U.S. homeowners continue to regain
the equity in their homes which was lost in massive amounts during the housing
crisis that began in 2007 and 20...
Thu, Jun 5 2014, 10:45 AM
Mortgage credit was marginally more
available in May than it was in April the Mortgage Bankers Association (MBA) said
today. Its Mortgage Credit Av...
Thu, Jun 5 2014, 7:14 AM
I'm as surprised as you are... After global bond markets pulled back from the brink of oblivion in mid 2012 (led by the European systemic collapse) an...
Thu, Jun 5 2014, 4:15 PM
Compared to what it could have been, today turned out to be relatively calm for bond markets. From a day over day standpoint, 10yr yields are only 2b...
Thu, Jun 5 2014, 3:25 PM
Mortgage rates finally ended
a 5-day losing streak, moving lower for the first time since May 28th.
Today's big order of business was the Euro...
Wed, Jun 4 2014, 11:04 AM
It would have been fair to hope that recent losses in bond markets would be leveling off after losing ground abruptly over the past 4 days. Perhaps t...
Wed, Jun 4 2014, 10:14 AM
Any lender that is closing more loans than a year ago, or has a larger pipeline, should be proud of themselves.
The Mortgage Bankers Association sai...
Wed, Jun 4 2014, 8:55 AM
Mortgage application activity retreated again during the
holiday-shortened week ended May 30. The
Mortgage Bankers Association (MBA) said that mo...
Wed, Jun 4 2014, 7:31 AM
Today brings the release of the ADP Employment Report. At times, this data has been maligned as the a horrible predictor of the official number from ...
Wed, Jun 4 2014, 4:56 PM
The next two days are potentially the biggest so far this year for bond markets. The key issue will be the European Central Bank's policy announcemen...
Wed, Jun 4 2014, 3:39 PM
Mortgage rates were higher yet again
today. This time around, the move wasn't quite as brisk as the past
few days. In fact, morning rate shee...
Wed, Jun 4 2014, 1:38 PM
The American view of the financial importance
of homeownership and awareness of the sacrifices it can entail appear to be
shifting according to re...
Tue, Jun 3 2014, 12:51 PM
After yesterday kicked off the new month with a quick return over 2.47 in 10yr Treasury yields, the overnight session kept the selling pressure intact...
Tue, Jun 3 2014, 11:01 AM
The Census Bureau recently introduced a
new on-line interactive graphic which interprets annual data from the Bureau's Survey
of Construction . Th...
Tue, Jun 3 2014, 10:49 AM
Home prices posted a 26th consecutive month of
year-over-year increases in April on the CoreLogic Home Price Index (HPI) Prices nationwide, includ...
Tue, Jun 3 2014, 10:45 AM
How's it going with "private money" and mortgage-backed securities? Not so hot .
The creation of MBS is down, as one would expect, and of course ...
Tue, Jun 3 2014, 7:51 AM
Whether we're talking about mortgage rates falling briefly to 4.0 after only recently breaking to 4.125% or whether we're talking about 10yr yields br...
Tue, Jun 3 2014, 5:08 PM
Bond markets were weaker today with losses intact right from the start. There was brief respite heading into the afternoon, but then selling resume...
Tue, Jun 3 2014, 3:42 PM
Mortgage rates continued moving higher
at a relatively brisk pace today. The historically normal sources of
market guidance--like economic dat...
Mon, Jun 2 2014, 12:02 PM
Bond markets began the day on the back foot, losing ground right from the overnight session. The weakness didn't pick up noticeable steam until the o...
Mon, Jun 2 2014, 9:59 AM
There
is a lot of industry banter about preferred lenders (mostly by
non-preferred lenders) and affiliated relationships (mostly by those not
in...
Mon, Jun 2 2014, 7:56 AM
On the first week of most any month, the focal point for bond market trading is unquestionably Friday's Nonfarm Payrolls (NFP)--and with good reason. ...
Mon, Jun 2 2014, 3:47 PM
Bond markets were weaker today. The story of that weakness really begins in the middle of last week when Wednesday and Thursday saw successive move...
Mon, Jun 2 2014, 3:09 PM
Mortgage rates moved higher
today, returning in line with the same "sharply sideways" levels seen
just before the most recent push to 2014 lows...
Mon, Jun 2 2014, 2:30 PM
The Census Bureau said today that the
value of all construction put in place in April was up slightly from March and
8.6 percent above totals in A...
Mon, Jun 2 2014, 1:25 PM
According to The Wall Street Journal Wells Fargo Mortgage
is revamping its home equity line of credit loans (HELOCs) to eliminate the
interest ...
Mon, Jun 2 2014, 1:14 PM
Prepayment rates, an indicator of
refinancing activity, increased slightly in April, the second consecutive monthly
increase, as interest rates decl...
Fri, May 30 2014, 12:25 PM
In a poll of 31 property analysts Reuters
news agency found consensus that the growth of house prices in the U.S. has
peaked and that further incr...
Fri, May 30 2014, 12:10 PM
After the strong move lower in rates through yesterday morning and a disconcertingly sharp pull-back yesterday, possibilities for today were diverse. ...
Fri, May 30 2014, 10:49 AM
"I'm
going to retire and live off of my savings. The second day, I have no
idea what I'll do." Quips aside, many Americans have no clue about how ...
Fri, May 30 2014, 7:50 AM
For the purposes of this discussion, 'interest rates' refer to mortgage rates and 10yr Treasury yields. Why 10yr yields? I just put together this ...
Fri, May 30 2014, 4:57 PM
Today was a good test for MBS and Treasuries. It spoke volumes to the current state of play in bond markets: traders are afraid to get too short ah...
Fri, May 30 2014, 3:51 PM
Mortgage rates continued slightly higher
today. This had more to do with a market-based continuation of
yesterday's momentum than it did wit...
Thu, May 29 2014, 12:53 PM
We've been talking a bit about how yesterday's impressive rally could have had something to do with positioning for today's GDP revision . The thoug...
Thu, May 29 2014, 10:28 AM
There
are many ways to divvy up residential lenders: size, agency approvals,
QM or non-QM, geography, broker and banker, take your choice. One ver...
Thu, May 29 2014, 10:02 AM
Pending home sales in April rose
above those in the previous period for the second month in a row. The National Association of Realtors® said
that ...
Thu, May 29 2014, 9:51 AM
Data released this morning by RealtyTrac
indicate a more widespread recovery in home prices than has been evident from
other data sources. It is ...
Thu, May 29 2014, 7:51 AM
Before yesterday, a break below 2.47 in 10yr yields was less likely than remaining in a narrower range. The big breaks would logically have their bes...
Thu, May 29 2014, 5:35 PM
GDP came out much weaker than expected this morning and Jobless Claims were noticeably stronger than expected. Pending Home Sales were stagnant and d...
