Wed, Jul 30 2014, 7:33 AM
On the afternoon of the Thursday before last, bond markets had just gone on their run to the best levels in over a month on the geopolitical flare-up...
Wed, Jul 30 2014, 6:18 PM
Tonight's theme: "not many."
It's not many times that GDP will crack 4% after being down more than 2% in the previous quarter, but it did today. ...
Wed, Jul 30 2014, 5:02 PM
For weeks, we've discussed the prospects for increased volatility
centered on today's economic calendar. The chances of a bigger move
were much h...
Wed, Jul 30 2014, 3:41 PM
A short sale program for properties
serviced by Nationstar, which bills itself as one of the nation's largest
independent loan servicers, is the sub...
Wed, Jul 30 2014, 3:37 PM
The rate of homeownership in the U.S.
continued to slide in the second quarter of 2014, reaching a 19 year
low . The Commerce Department said tha...
Wed, Jul 30 2014, 1:59 PM
Information received since the Federal Open Market Committee met in June
indicates that growth in economic activity rebounded in the second
quarte...
Tue, Jul 29 2014, 12:39 PM
The day started out well for Treasuries and MBS for a variety of reasons. European bond markets have been the most reliable motivation for overnigh...
Tue, Jul 29 2014, 11:47 AM
Home price gains continued to slow in May, posting smaller
annual increases than In April the S&P Dow Jones Indices said today. The Indices' Case-Sh...
Tue, Jul 29 2014, 11:19 AM
My
plan has always been pretty simple with my children: feed and clothe
them in a loving home, make sure they get a college education followed
b...
Tue, Jul 29 2014, 7:42 AM
Yesterday proved to be anything but serious based on the narrow trading range. 10yr yields only used up half of the range they'd carved out on Frid...
Tue, Jul 29 2014, 5:00 PM
Markets were more active today, offering a nice little warm up for what promises to be an even more active day tomorrow. The movement came in waves...
Tue, Jul 29 2014, 4:05 PM
Mortgage rates were slightly lower
today, holding inside a low and narrow range that's been intact for
nearly 2 weeks. The movement was smal...
Mon, Jul 28 2014, 12:56 PM
Very little happened in the overnight session and very little has changed into the domestic trading hours. Bond markets were a bit weaker overnight a...
Mon, Jul 28 2014, 12:06 PM
The Home Price Index (HPI) released
on Monday by Black Knight Financial Services showed another strong
month-over-month gain for housing values in M...
Mon, Jul 28 2014, 11:13 AM
Zillow, the Seattle based company which started out in
the mid-2000s as a website where one could check on one's own and one's
neighbor's property v...
Mon, Jul 28 2014, 10:40 AM
Pending home sales declined modestly in
June after three months of what the National Association of Realtors®
(NAR) called "solid gains." NAR's P...
Mon, Jul 28 2014, 10:36 AM
How
is it that this is the last week of July already? Lots of lenders seem
to have seen decent Julys - but perhaps not as strong as some of their ...
Mon, Jul 28 2014, 7:42 AM
Finally we come to the week we've been eyeing for nearly a month as a candidate for major changes. It's fitting that 10yr yields ended the previous w...
Mon, Jul 28 2014, 5:11 PM
More due to timing and coincidence than anything, we got a few negative reprices this afternoon. Shortly thereafter, prices moved right back mid-poin...
Mon, Jul 28 2014, 3:30 PM
Mortgage rates didn't move much
to start the week, with a nearly equal number of lenders moving both
higher and lower. On average, rates wer...
Mon, Jul 28 2014, 2:54 PM
Public comments are being requested a a
new proposed rule for collecting data under the Home Mortgage
Disclosure Act (HMDA). The Consumer Financial...
Fri, Jul 25 2014, 11:56 AM
For more than a week, bond markets have flirted with a break into the best levels of the year. On several occasions 10yr yields have looked all but ...
Fri, Jul 25 2014, 11:09 AM
"Rob, you have mentioned before that you are beginning to see some companies' volumes slowing down, and maybe even some lay-offs .
Is that still ha...
Fri, Jul 25 2014, 7:27 AM
Next week is a big one. ADP/GDP/FOMC all hit on Wednesday. Month-End is on Thursday, and NFP is on Friday. There are other top-tier reports as we...
Fri, Jul 25 2014, 3:51 PM
Next week promises to be big. Even if the events don't 'agree' with each other enough to spark a major rally or sell-off, the potential is there. Du...
Fri, Jul 25 2014, 2:46 PM
Mortgage rates were sideways to marginally lower today. Many
lenders released new and improved rate sheets in the afternoon in order
for t...
Fri, Jul 25 2014, 1:30 PM
It was a bad day on Wall Street
Thursday for housing stocks. In no particular order Census Bureau
data was released showing that new home sales had...
Thu, Jul 24 2014, 12:27 PM
Typically, negative economic data on the scale of this morning's New Home Sales would be a clearly positive factor for bond prices. Sales fell at the...
Thu, Jul 24 2014, 11:24 AM
New homes sales retreated in June from
the very strong performance reported for May; a performance that
turns out to have been less strong. A join...
Thu, Jul 24 2014, 9:53 AM
For LOs who feel "enough is
enough" with regard to the proposed Pre-Licensure Education Expiration Policy on education, timelines, and requirement...
Thu, Jul 24 2014, 7:42 AM
The past 5 days have simply seen rates grind around recent lows. Things have been a bit brighter in Treasuries compared to MBS, but in general, bot...
Thu, Jul 24 2014, 4:10 PM
Mortgage rates moved higher today
at the fastest pace since July 3rd as bond markets began backing away
from more anxious levels associated wit...
Thu, Jul 24 2014, 3:59 PM
For the past 4 sessions, bond markets have traded a narrow range near their best levels of the year. This effectively began with the geopolitical r...
Thu, Jul 24 2014, 3:23 PM
Freddie Mac said today that its Multi-Indicator Market Index or MiMi for May is sending out mixed signals to
the housing market. While more marke...
Wed, Jul 23 2014, 12:58 PM
The theme for the economy and the
housing market's in 2014 has been set for months; the economy will
continue to slowly strengthen; the modest reco...
Wed, Jul 23 2014, 12:55 PM
Black Knight Financial Services said
today that both delinquencies and foreclosure starts were up slightly
in June. The information was part of t...
Wed, Jul 23 2014, 12:49 PM
In terms of domestic economic data and events, not much has happened today. The key driver of morning gains was the reaction to Bank of England Min...
Wed, Jul 23 2014, 10:49 AM
Captain
Obvious likes to say, "Home prices don't always go up." It's probably a
cliché at this point, but it's better than the, "Buy as much home ...
Wed, Jul 23 2014, 9:07 AM
The Market Composite Index, a measure of loan application volume had its
first positive week since June 6 last week, increasing 2.4 percent on a
s...
Wed, Jul 23 2014, 7:33 AM
Having spent the last 4 sessions trading near 2.47%, 10yr yields are operating in an important zone historically. For all intents and purposes, yield...
Wed, Jul 23 2014, 5:07 PM
Mortgage rates were mixed today
depending on the lender and the time of day you look. Most recently,
the average lender is back to unchanged v...
Wed, Jul 23 2014, 5:05 PM
Although MBS did a good job of pushing back against a recent bout of underperformance over the past 3 sessions, today showed it won't be a straight sh...
Tue, Jul 22 2014, 12:22 PM
MBS began the session at a disadvantage after overnight trading pushed bond yields and stock prices higher. At 8:30am, the Consumer Price Index (CPI)...
Tue, Jul 22 2014, 11:27 AM
The pace of existing home sales
reached a nine month high in June, topping 5 million units for the first time
since last October while there were ...
Tue, Jul 22 2014, 9:50 AM
What, if anything, is putting a crimp in expected loan
production? Perhaps the CFPB's QM rules are indeed restricting
residential lending. In one...
Tue, Jul 22 2014, 7:39 AM
2014 has been an interesting year for bond markets. In fact, in terms of its ability to continually confound market expectations, it's been one of th...
Tue, Jul 22 2014, 4:56 PM
Mortgage rates were unchanged
in most cases today, though some lenders were slightly worse. Even
then, the difference from yesterday is genera...
Tue, Jul 22 2014, 4:56 PM
Bond markets didn't put on much of a show today, but what little there was managed to be enjoyable . Credit that to the fact that trading levels mad...
Mon, Jul 21 2014, 11:35 AM
With no major economic data on the calendar, and no game-changing headlines to react to, bond markets have been content to follow stocks so far this...
Mon, Jul 21 2014, 9:47 AM
What
can you buy on minimum wage? Well, I guess that's a relative question;
relative to a number of factors such as where you live, your current
...
