Wed, Apr 16 2014, 12:10 PM
Two of the three measures of residential
construction activity used by the Census Bureau fell slightly in March. Fewer permits were issued and few...
Wed, Apr 16 2014, 12:03 PM
Bond markets started the day in weaker territory after stronger economic data out of China and follow-through on yesterday's bounce (bonds had ralli...
Wed, Apr 16 2014, 10:07 AM
People who study mortgage lending and trends continue to ruminate on the Wells Fargo and Chase numbers from Friday.
JPM's mortgage origination vol...
Wed, Apr 16 2014, 9:23 AM
With the resurgence of geopolitical risk as a market mover yesterday (Ukraine headlines caused a big mid-day bond rally), there will be a wide varie...
Wed, Apr 16 2014, 9:20 AM
Use of secured loans or advances from the 12 Federal Home
Loan Banks (FHLBanks) by their four largest members has surged over the last
two years. ...
Wed, Apr 16 2014, 7:00 AM
Mortgage applications reversed a five week slide during the week ended
April 11 as applications for both purchasing and refinancing increased from ...
Wed, Apr 16 2014, 3:17 PM
As of the 3pm Treasury pit close (the unofficial end of the day for bond markets), little, if anything has changed from this morning. Despite having a...
Wed, Apr 16 2014, 1:43 PM
Mortgage rates were slightly highe r
today as investors continued to pull back from yesterday's
geopolitically motivated buying spree. Tensio...
Tue, Apr 15 2014, 12:03 PM
Geopolitical risk is an old friend to bond markets. When prospects for awful things flare up at home and abroad, money tends to flow out of stocks an...
Tue, Apr 15 2014, 11:45 AM
The National Association of Home
Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose to 47 this month,
indicating a slight improvement in th...
Tue, Apr 15 2014, 10:49 AM
The Mortgage Bankers Association (MBA)
estimated today that there was a 15 percent increase in applications for new
home purchases in March compar...
Tue, Apr 15 2014, 10:45 AM
Another survey has found a slight
overall improvement in consumer attitudes toward the economy. The New York Federal Reserve Bank said that
its mo...
Tue, Apr 15 2014, 9:46 AM
Every once in a while a paper is written which touches on a
subject I feel is important; such is the case with the FDIC's release
of Community B...
Tue, Apr 15 2014, 7:56 AM
Financial securities have a tendency to alternate between periods of movement and consolidation. Obviously, if something isn't moving higher or lower...
Tue, Apr 15 2014, 3:44 PM
For all the possibilities, today ended up being both surprising and straightforward for bond markets. The surprise was that Ukraine headlines turned ...
Tue, Apr 15 2014, 3:05 PM
Mortgage rates
started the day in weaker territory, continuing higher for a second
straight morning. Just after 10am, headlines regarding viol...
Mon, Apr 14 2014, 11:45 AM
Coming into the week, there were some technical considerations regarding the recent losing streak in stocks and winning streak in bonds. These se...
Mon, Apr 14 2014, 9:03 AM
The Fed's comments on housing last week were interesting. "Housing activity
remained slow over the intermeeting period. Although unfavorable weath...
Mon, Apr 14 2014, 7:45 AM
Certainly the past 6 trading days (NFP Friday and every day thereafter) have been strong for bond markets and weak for stocks. The connection between...
Mon, Apr 14 2014, 4:00 PM
Nothing has changed from the Mid-Day Commentary , as MBS continue bouncing along the same lows that offered support earlier this morning. Treasuri...
Mon, Apr 14 2014, 3:23 PM
Mortgage rates finally ended a
move lower than began 7 business days earlier on April 3rd. The
biggest movement during that time was the Emp...
Mon, Apr 14 2014, 1:36 PM
Here's a special Tax Time edition of Do's and Don'ts for
prospective buyers or refinancing homeowners embarking on, or already
engaged in the m...
Fri, Apr 11 2014, 12:42 PM
Health care costs aren't rising fast enough for the Fed's liking, and
that may help keep interest rates lower for longer. But is the problem
one ...
Fri, Apr 11 2014, 11:56 AM
By this time yesterday, MBS had already moved up 3/8ths of a point from morning lows. Activity is muted by comparison today. Movement has been in ...
Fri, Apr 11 2014, 11:26 AM
Two of the nation's largest banks
released their first quarter earnings on Thursday. The results of one outpaced analysts'
expectations while the o...
Fri, Apr 11 2014, 10:12 AM
As they say, "money talks and ---- ---- walks." I don't know who the "they" is in that sentence, but "regulators" are boosting the capital rule fo...
Fri, Apr 11 2014, 7:42 AM
Yesterday's bond rally took markets by surprise. Granted, the proponents of the 'death cross' or those pointing to support from longer term moving av...
Fri, Apr 11 2014, 3:22 PM
Even after moving across the 3pm close of Treasury Pit trading at the CME, bond markets have continued to hold inside the same narrow, sideways range ...
Fri, Apr 11 2014, 2:18 PM
Mortgage rates managed to hold on to
yesterday's big improvements as markets held very steady by comparison
today. If there's a slight bias,...
Fri, Apr 11 2014, 1:58 PM
HOPE Now, founded in 2007 as an early
response to the growing threat of foreclosures, continues to negotiate loan
modifications in double-digit numb...
Thu, Apr 10 2014, 12:33 PM
Earlier this morning, there was a solid 30 minutes where it looked like stronger economic data would make things challenging for bond markets headin...
Thu, Apr 10 2014, 10:25 AM
The recent spate of agency news has been interesting to follow.
Arguably F&F should not stay under government conservatorship, but
what are the ...
Thu, Apr 10 2014, 7:51 AM
Bond markets bounced back into positive territory after yesterday's FOMC Minutes. MBS fared better than the longer-dated Treasuries (10's and 30's)...
Thu, Apr 10 2014, 2:43 PM
Mortgage rates began the day without any hint of the drama
that was to come. The first rate sheets of the day were little-changed
compared t...
Thu, Apr 10 2014, 1:26 PM
RealtyTrac reported today that an
uptick in foreclosure starts last month drove an overall increase in the nation's
foreclosure activity. There w...
Wed, Apr 9 2014, 11:50 AM
So far, the opening prices have been the worst of the day for MBS. In addition to the 12 ticks accounted for by the roll, Fannie 4.0s were another 5 ...
Wed, Apr 9 2014, 10:41 AM
Friday
we can look forward to Chase and Wells' earnings . Although their market
share has been slipping, given their collective place in the indu...
Wed, Apr 9 2014, 9:15 AM
The Mortgage Bankers Association's Market
Composite Index, a measure of mortgage application activity, inched down again during the week ended April ...
Wed, Apr 9 2014, 7:50 AM
Last night was Class A Settlement for MBS--aka " the roll ." If the roll causes any confusion (which it tends to do until it clicks for you), try thi...
Wed, Apr 9 2014, 4:18 PM
The day ends with something of a mixed message as Treasuries are still slightly weaker in 10 and 30yr maturities while 2-7yrs are stronger, along with...
Wed, Apr 9 2014, 3:28 PM
Mortgage rates began
the day higher, but many lenders are set to end in line with
yesterday's rates after this afternoon's FOMC Minutes. These...
Wed, Apr 9 2014, 1:45 PM
Although the second home mortgage market
experienced a severe decline during the housing downturn, Americans still
aspire to buy second homes and ha...
Tue, Apr 8 2014, 12:30 PM
In a recent blog post written by Molly Boesel CoreLogic
questions the true role of the recent severe weather in a lag in single family
housing sta...
Tue, Apr 8 2014, 12:16 PM
MBS traded lower during the first hour of the day but made it back into positive territory just after 9am. Treasuries have followed a similar patte...
Tue, Apr 8 2014, 10:17 AM
The Mortgage Bankers Association (MBA) noted this morning that mortgage
credit was slightly more available in March than it was in February. The Ass...
Tue, Apr 8 2014, 9:41 AM
As
the industry watches the personnel turmoil at Utah's Castle & Cooke
Mortgage, here's an interesting promotional twist: a builder's real
estat...
Tue, Apr 8 2014, 7:51 AM
Yesterday, we talked about the current week being an opportunity for bond markets to reflect on the range that's dominated most of 2014 (starting Jan ...
Tue, Apr 8 2014, 4:38 PM
There were no overly interesting headlines or economic reports in today's session to guide market movements. Instead of taking cues from data and eve...
Tue, Apr 8 2014, 3:53 PM
Mortgage rates were lower for a 4th straight day
today, further digging in to mid-March levels, but by a smaller amount
today. In that sen...
Tue, Apr 8 2014, 3:25 PM
Mortgages for multifamily properties outpaced other
commercial and multifamily mortgage originations in 2013 the Mortgage Bankers
Association (MBA...
