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...
Mon, Apr 7 2014, 12:22 PM
Black
Knight Financial Services said that mortgage originations at the end of
February were at the lowest levels in at least 14 years , as far back...
Mon, Apr 7 2014, 11:52 AM
Stock market momentum isn't the only consideration for bond markets this morning, but it's perhaps the most overt . So far, it's helped MBS and Trea...
Mon, Apr 7 2014, 11:00 AM
The Obama Administration's February
Housing Scorecard, just released, harkens back to those not so thrilling days
of yesteryear, using data from sev...
Mon, Apr 7 2014, 10:46 AM
Remember HAMP?
What happens to a sizeable portion of HAMP borrowers after their loan
resets from, say 1% to the current market? They re-default, a...
Mon, Apr 7 2014, 7:51 AM
This week marks the first major intermission for the bond markets story in 2014. The first act was intensely sideways, leading to phrases like " ser...
Mon, Apr 7 2014, 4:06 PM
Today's story isn't much more complicated than the headline. It's not uncommon to see some follow-through on Monday following NFP Friday if the latte...
Mon, Apr 7 2014, 3:19 PM
Mortgage rates fell again today,
bringing them to levels not seen since March 18th for many lenders.
While there was no significant economic d...
Mon, Apr 7 2014, 2:21 PM
The National Association of Home
Builders' (NAHB)/First American Leading Market Index (LMI) was unchanged from
March to April , remaining at 59 met...
Mon, Apr 7 2014, 1:30 PM
Fannie Mae sees results from its most recent National
Housing Survey (NHS) as possibly portending a pickup in home buying and selling
activity this ...
Fri, Apr 4 2014, 12:30 PM
Bond markets came into the session essentially unchanged after having held near the higher end of their recent range in the few days leading up to thi...
Fri, Apr 4 2014, 11:29 AM
Pricing aside, let's take a look at something odd occurring on rate sheets everywhere.
I received this note: "Rob, the difference in my rate sheet...
Fri, Apr 4 2014, 7:51 AM
Nonfarm Payrolls (NFP) is always the biggest potential market mover on any given month in terms of economic reports. FOMC Announcements, for instance...
Fri, Apr 4 2014, 4:56 PM
If you missed it for some reason--and that's entirely possible on an NFP day--there was an important dark horse market mover today, just a short while...
Fri, Apr 4 2014, 4:05 PM
Mortgage rates were significantly lower today ,
erasing a full week's worth of time spent moving higher in fits and
starts. The main event was ...
Fri, Apr 4 2014, 2:20 PM
More potential buyers are out trolling the nation's neighborhoods
for their dream homes. Unfortunately, they are finding little to look at
and, ev...
Thu, Apr 3 2014, 12:46 PM
The Consumer Financial Protection Bureau
(CFPB) was assailed by Republican members of the House Financial Services
Committee and by two witnesses fo...
Thu, Apr 3 2014, 11:56 AM
There were two options for bond markets heading into today's session. Recent weakness could have been extended, resulting in a "lead-off" taking yiel...
Thu, Apr 3 2014, 9:25 AM
There were a total of 43,000 completed foreclosure in February, CoreLogic
said today. This was 15 percent fewer
than in February 2013 when forecl...
Thu, Apr 3 2014, 9:22 AM
Jeff
O. writes, "When I saw the title 'Ellie Mae's outage' I thought that
perhaps it involved my beloved Beverly Hillbillies star. That would have...
Thu, Apr 3 2014, 7:31 AM
As we frequently discuss on NFP weeks, it's not uncommon for bond markets to drift into weaker territory in spite of contrary data or events. This sa...
Thu, Apr 3 2014, 4:05 PM
In one of today's updates for MBS live subscribers, I noted that bond markets continued to trade " as expected ." Where did those expectations come...
Thu, Apr 3 2014, 3:34 PM
Mortgage rates barely budged today,
but the little movement seen was positive on average. Keep in mind
though, that means that some lenders we...
Wed, Apr 2 2014, 12:30 PM
To be clear, bond markets are indeed in their weakest recent territory AFTER this morning's economic data, but NOT necessarily BECAUSE of it. While...
Wed, Apr 2 2014, 10:55 AM
Vacation home purchases recovered
strongly in 2013, helping to offset some of the inevitable flagging interest in
investment purchases the Nationa...
Wed, Apr 2 2014, 8:56 AM
The
Mortgage Bankers Association (MBA) said that mortgage applications decreased
again during the week ended March 28, The seasonally adjusted M...
Wed, Apr 2 2014, 7:45 AM
If there's a consistent theme for bond markets so far in 2014, it's been "indecision." I referred to it as a " Serious Monotony Problem " on Monday, ...
Wed, Apr 2 2014, 4:05 PM
Bond markets sold off absolutely as much as they could have today while still technically staying inside the longer-term "sideways" range leading up...
Wed, Apr 2 2014, 3:14 PM
Mortgage rates moved higher again today,
this time taking them definitively past any of the recent highs in
March. In fact, to find rate sheet...
Wed, Apr 2 2014, 1:51 PM
The government sponsored enterprises
(GSEs) Fannie Mae and Freddie Mac continued active foreclosure prevention
activities in the fourth quarter of 2...
Tue, Apr 1 2014, 12:17 PM
Treasuries were weaker overnight, and in such a way that suggested organic selling pressure. In other words, US bond markets weren't simply weaker be...
Tue, Apr 1 2014, 10:31 AM
Home
prices continue to increase by double digit percentages on a year-over-year
basis CoreLogic said today. The
company's Home Price Index (HPI...
Tue, Apr 1 2014, 9:59 AM
Fed
watchers over the last few years have had many things to study; on
their list of course has been the FOMC's asset purchase program, and
whil...
Tue, Apr 1 2014, 8:00 AM
Bond markets got off to a volatile start yesterday, but ended the day close to unchanged. There's really very little that Treasuries could do at th...
Tue, Apr 1 2014, 4:20 PM
A real snoozer today for bond markets... Yesterday afternoon's late-day strength was washed out by overnight weakness. MBS started the day perfectl...
Tue, Apr 1 2014, 3:05 PM
Mortgage rates were relatively unchanged today,
after moving higher during the past two sessions. The stability is
somewhat counterintuitive a...
Tue, Apr 1 2014, 1:08 PM
Beginning yesterday morning, the most widely-used Loan Origination Software (LOS) has been offline. Ellie Mae estimates their Encompass platform
...
Mon, Mar 31 2014, 11:45 AM
Bond markets began the week on something of a volatile note. Treasuries had weakened slightly in the overnight session and MBS walked in the door a...
Mon, Mar 31 2014, 9:26 AM
There has been a lot of appraisal news in recent weeks, the most important perhaps being that six
government agencies issued a proposed rule that ...
Mon, Mar 31 2014, 8:00 AM
For most of 2013, the mission was clear for bond markets. It mostly involved rapid selling and significant amounts of pain for any fans of low inte...
