Mon, May 19 2014, 7:55 AM
So far in the month of May, MBS have been making much bigger day to day moves than in April. But it's worth remembering that things can get a lot m...
Mon, May 19 2014, 4:06 PM
Heading into the last hour of trading, MBS have undone the past three days of gains. Such a statement is a bit more palatable when the MBS hit their ...
Mon, May 19 2014, 3:10 PM
Mortgage rates
began the day in roughly the same territory as Friday afternoon. Some
lenders were in slightly better shape while others were s...
Mon, May 19 2014, 1:24 PM
Freddie
Mac's economists used this month's Economic and Housing Market Outlook to look
at three areas of supply and demand.
Analyzing each, they s...
Mon, May 19 2014, 1:10 PM
David H. Stevens, President of the Mortgage
Bankers Association (MBA) told members attending the organization's annual
convention in New York today ...
Fri, May 16 2014, 12:54 PM
Thank goodness for a boring day. The alternatives would be that the mega-rally of the past two days extends further, which causes all sorts of probl...
Fri, May 16 2014, 11:56 AM
Both residential permitting and housing
starts increased in April although housing completions lagged behind those in
March the Census Bureau and th...
Fri, May 16 2014, 10:12 AM
The
Census Bureau tells us that American families formed 423,000 new
households during the 12 months ending 3/31/14. 79% of the new
households...
Fri, May 16 2014, 9:22 AM
The California Association of Realtors
(C.A.R.) said on Thursday that the state's housing market is showing "true
signs of improvement." The marke...
Fri, May 16 2014, 7:54 AM
Despite an abundance of economic data yesterday, domestic bond markets were instead focused on navigating trading ranges past and present. The stron...
Fri, May 16 2014, 3:58 PM
Although it's true that bond markets moved into weaker territory after this morning's data, it's even more true that the weakness looks like a mere c...
Fri, May 16 2014, 3:20 PM
Mortgage rates
were slightly higher today, continuing a move from yesterday that saw
most of the early gains evaporate by the end of the day. ...
Thu, May 15 2014, 12:37 PM
Even seasoned market-watchers might be thrown for a bit of a loop by today's surprisingly strong bond market rally. After all, we just had a surprisi...
Thu, May 15 2014, 10:56 AM
The increase in bank repossessions
or completed foreclosures in April even as other foreclosure statistics
declined may indicate that the housing cr...
Thu, May 15 2014, 10:38 AM
With
so many economic indicators that flood my email account each month, I
hate to introduce another one for fear of paralysis. However, I will
...
Thu, May 15 2014, 8:00 AM
Today is by far and away the busiest day of economic data this week. This presents a good opportunity to feel out what's important to the bond market...
Thu, May 15 2014, 4:13 PM
Mortgage rates
kept moving lower today as European markets continued to provide an
unexpectedly large boost in demand for domestic bond markets...
Thu, May 15 2014, 4:11 PM
To be fair to the entire bond market, Treasuries actually didn't fade that much. After making it into the 2.47's, 10yr yields are drifting sideways...
Thu, May 15 2014, 2:05 PM
S 1217, the Johnson-Crapo housing reform
bill passed the
Senate Banking Committee today.
Committee chairman Tim Johnson (D-SD) had hoped to sen...
Thu, May 15 2014, 2:03 PM
The National Association of Home Builders (NAHB)/Wells
Fargo Housing Market Index (HMI) fell one point in May to 45 from the April reading
which was...
Wed, May 14 2014, 12:08 PM
Even if we were being as pessimistic as possible and making every excuse for the 2014 trading range, there's no way to put a caveat on today's levels....
Wed, May 14 2014, 10:41 AM
Hey,
I have an idea! Let's have the government encourage expanding lending
to riskier borrowers . That way we can sell more houses, real estate
...
Wed, May 14 2014, 10:16 AM
Nearly two-thirds of all new and
existing homes sold during the first quarter of 2014 were termed "affordable"
by the National Association of ...
Wed, May 14 2014, 8:55 AM
Mortgage
applications activity rallied slightly for the second consecutive time during
the week ended May 9. The Mortgage
Bankers Association (M...
Wed, May 14 2014, 7:51 AM
Heading into the end of last week, bond markets were like a space shuttle preparing for launch. The earth was like a 10yr Treasury yield at 2.57 and ...
Wed, May 14 2014, 5:31 PM
Even though mortgage rates hit multi-month lows several times in the past 2 weeks, today is significant in that Treasuries finally broke the range. S...
Wed, May 14 2014, 3:40 PM
Mortgage rates fell today
as the European Central Bank looks increasingly ready for a new round
of easing in June. More accommodative moneta...
Wed, May 14 2014, 3:14 PM
The
Federal Housing Administration (FHA) says that qualified buyers are currently underserved
by the housing market. The economic
crisis significa...
Tue, May 13 2014, 12:00 PM
MBS and Treasuries began the day in unchanged territory. There was a bit of a positive backdrop in place from overnight news that Germany's central b...
Tue, May 13 2014, 10:58 AM
Home
prices reached the half-way mark in the fourth quarter of 2013, climbing back
to a level 20 percent above the trough in values reached nationwi...
Tue, May 13 2014, 10:54 AM
Sometimes it is hard to keep track of the players out there, both companies and individuals. But late last week Cole Taylor Bank ,
a wholly-owned s...
Tue, May 13 2014, 10:42 AM
The Veterans Administration has issued
an interim final rule defining what constitutes a QM or qualified mortgage under
VA loan rules. The rule, ...
Tue, May 13 2014, 7:54 AM
Bond markets have arguably been trading in accordance with the mainstream technical suggestions. Specifically, there are several technical studies so...
Tue, May 13 2014, 3:57 PM
Until this morning, recent momentum in bond markets was clearly and cleanly pointing to a correction within the recent range, where rates would move h...
Tue, May 13 2014, 3:22 PM
Mortgage rates
moved lower today after an especially weak report on Retail Sales
fueled demand for fixed-income investments like
mortgage-bac...
Tue, May 13 2014, 3:16 PM
The number of state licensed mortgage
companies licensed through the National Mortgage Licensing System (NMLS) was
essentially unchanged in 2013 but...
Tue, May 13 2014, 1:00 PM
The Federal Housing Finance Agency
(FHFA) will not use its conservatorship authority to reduce current conforming
loan limits. FHFA Director Melv...
Mon, May 12 2014, 12:54 PM
Home prices continued to increase as
broadly if not as rapidly as in previous periods the
National Association of Realtors® (NAR) reported today. M...
Mon, May 12 2014, 12:01 PM
The Mortgage Bankers
Association's (MBA) estimate of new home sales rose in April . MBA bases its estimate on applications for
mortgages to purcha...
Mon, May 12 2014, 11:58 AM
It's been a slow morning so far, and utterly lacking in overt inspiration. More simply put, we haven't seen any movement in Treasuries or MBS linked ...
Mon, May 12 2014, 10:38 AM
"Under
the current rules, would it be illegal for a company to offer a
mortgage program that had discounted mortgage rates for people with
col...
Mon, May 12 2014, 7:51 AM
Over the weekend, events that have been labelled by some as 'referendums' took place in several of the most embattled regions in Ukraine. Not surpris...
Mon, May 12 2014, 4:25 PM
Compared to the 9 ticks of price weakness in 10yr Treasuries (+3.1 bps), Fannie 3.5 MBS were only off 5 ticks and Fannie 4.0s just 3 ticks in the fina...
Mon, May 12 2014, 2:13 PM
Mortgage rates continued higher
today, adding to the corrective rebound from last week's 6-month lows.
There were no significant events or n...
Fri, May 9 2014, 12:26 PM
In yesterday's update
on housing finance reform it was noted that Senator Tim Johnson (D-SD) was
hoping to have 16 favorable votes lined up befo...
Fri, May 9 2014, 11:58 AM
Bond markets are just slightly weaker, and have thus far been doing a decent job of keeping those losses contained. There hasn't been much by way of '...
Fri, May 9 2014, 10:18 AM
"Where
do I go to find out about resources to mortgage lenders and mortgage
brokers to learn about state specific requirements , licensing, the
...
Fri, May 9 2014, 7:42 AM
First thing's first: "mortgage rates" themselves, have clearly already broken the 2014 range, having moved into the best levels since late October o...
Fri, May 9 2014, 3:11 PM
The focus of the week for MBS and rates should be on the fact that we made it to levels not seen since the end of October 2013. With 6 out of the la...
Fri, May 9 2014, 2:02 PM
Mortgage rates
rose today, pulling back just slightly after spending 6 of the last 7
days in an aggressive move to the lowest levels in more th...
