Tue, Mar 11 2014, 3:41 PM
Today is one of those days where Treasury movements definitely do not tell the story for MBS. Today's Senate headlines on the upcoming Fannie/Freddie...
Tue, Mar 11 2014, 3:05 PM
Mortgage rates continued holding mostly sideways today ,
though there were enough lenders in slightly better shape to make for a
small improvem...
Tue, Mar 11 2014, 1:21 PM
Relatively speaking, one might say that the distressed housing market in
California has virtually evaporated . The
California Association of Realt...
Mon, Mar 10 2014, 11:55 AM
Domestic market movers have been in limited supply so far today. Bond markets have paid some attention to tradeflows surrounding big corporate deals...
Mon, Mar 10 2014, 11:24 AM
Americans
expectations regarding home prices ticked up decisively in February, both in
terms of anticipating continued price increases and in the si...
Mon, Mar 10 2014, 11:07 AM
The February edition of the Obama
Administrations Housing Scorecard was released late Friday by the Departments
of Treasury and Housing and Urban De...
Mon, Mar 10 2014, 10:21 AM
Every lender & servicer, and therefore borrower, is influenced by the price of servicing .
And in recent months we have all seen large blocks of se...
Mon, Mar 10 2014, 8:00 AM
After moving through the worst week of losses since mid-August, bond markets are left to consider whether it's time fully abandon February's weather...
Mon, Mar 10 2014, 4:45 PM
As far as Mondays after NFP Fridays go, today could have been worse. On occasion, these Mondays can serve to perpetuate a new trend set in motion aft...
Mon, Mar 10 2014, 3:35 PM
Mortgage rates leveled-off today ,
after rising to 2-month highs after last Friday's Employment Situation
('Jobs Report'). Today's rates were ju...
Fri, Mar 7 2014, 12:49 PM
Not only was this morning's employment data stronger than expected, but it would probably have been even stronger if not for the weather effect. As ...
Fri, Mar 7 2014, 10:46 AM
Dave T. writes, "Rob, I have noticed that the originators attending classes or local association meetings are older, and mostly men over 50 years old...
Fri, Mar 7 2014, 10:07 AM
This morning's Employment Situation Report was stronger than
expected. By historical standards, the "beat" isn't especially large
(175k vs 149k...
Fri, Mar 7 2014, 7:45 AM
The boring scenario for today would be for the all-important Employment Situation Report to show payroll creation lagging recent averages, coming in a...
Fri, Mar 7 2014, 4:41 PM
Mortgage rates rose sharply for
the third time this week, bringing them to levels not seen since
January 15th. Today's move followed a stronger...
Fri, Mar 7 2014, 4:26 PM
8:30-8:32... These were the only two minutes of the day where anything interesting was happening for bond markets. It wasn't the good kind of 'int...
Thu, Mar 6 2014, 12:27 PM
An additional 4 million homes regained positive equity in 2013
CoreLogic said today, leaving 6.5 million homes still underwater; about half
the numb...
Thu, Mar 6 2014, 11:57 AM
MBS are now at the best levels since before this morning's economic data. Before that, Treasuries were slightly weaker overnight, resulting in open...
Thu, Mar 6 2014, 11:33 AM
According to Gallup's 2013 annual Economy and Personal Finance
survey, the average retirement age has crept up by four years over the
past two dec...
Thu, Mar 6 2014, 11:01 AM
The venerable Freddie Mac Primary Mortgage Market Survey
(PMMS™) is a cornerstone of mortgage rate data. It is both
longstanding and highly acc...
Thu, Mar 6 2014, 8:00 AM
A quick recap of the year so far...
January kicked off with bond markets holding their ground at the weakest levels in more than two years.
...
Thu, Mar 6 2014, 4:39 PM
Mortgage rates moved quickly higher today ,
in the context of their recent range. That is to say, today's "sharp"
movement is nothing compared t...
Thu, Mar 6 2014, 4:32 PM
Bond markets were slightly weaker overnight as Geopolitical risk surround Ukraine continued to unwind. There wasn't much by way of new developments...
Thu, Mar 6 2014, 1:54 PM
Metropolitan areas considered leading
markets on the National Association of Home Builders (NAHB)/First American index
of that name increased to 5...
Wed, Mar 5 2014, 12:12 PM
Even though they stated in a news
release two weeks ago that institutional investment was waning, RealtyTrac has
released a report on its impact on ...
Wed, Mar 5 2014, 11:48 AM
MBS and Treasuries are both in slightly positive territory, and that's saying something considering the apparent challenge involved in getting here. ...
Wed, Mar 5 2014, 8:45 AM
The volume of
mortgage applications increased during the week ended February 28 for the first
time since late January. This good news was
muted ...
Wed, Mar 5 2014, 7:45 AM
"As with any geopolitical situation affecting markets, we'll only know the corner has been turned in hindsight. Until then, it's a wild card that's ...
Wed, Mar 5 2014, 5:04 PM
When
I was on a pipeline hedging trading desk, we were often expected to
have a crystal ball about where the market was going . None of us
had ...
Wed, Mar 5 2014, 4:07 PM
Mortgage rates held steady today,
on average, though some lenders are still in slightly worse shape.
Weakness in the markets that affect mortga...
Wed, Mar 5 2014, 3:55 PM
The overnight session ushered trading levels into just slightly weaker territory in the first part of the domestic session. In other words, this morn...
Tue, Mar 4 2014, 12:41 PM
Ukraine-related headlines sent moderate shockwaves through markets overnight, pushing Treasury yields higher by the open. Since then, the negative mo...
Tue, Mar 4 2014, 12:04 PM
Home
prices, including sales of distressed homes, increased nationally by 12 percent
in the 12 months ended in January CoreLogic said today. This w...
Tue, Mar 4 2014, 11:42 AM
Mortgage
originations in January were at the lowest level in 6 years 2008 Black Knight
Financial Services said today and data on prepayment speeds a...
Tue, Mar 4 2014, 10:54 AM
I
am hearing that lock desk activity is picking up, which is nice to see.
New apps mean running credit, and just in time for changing your clocks
...
Tue, Mar 4 2014, 8:00 AM
While geopolitical tensions in Ukraine are certainly affecting markets, they're not affecting all markets equally. Core European debt has consistentl...
Tue, Mar 4 2014, 4:49 PM
Mortgage rates were sharply higher today,
as concern over geopolitical tension in Ukraine turned a corner. After
a surprisingly strong end to F...
Tue, Mar 4 2014, 4:40 PM
Nothing new happened all day long. Unfortunately, the order of the day was a steady selling spree in MBS and Treasuries--easily the worst we've seen ...
Tue, Mar 4 2014, 4:14 PM
The Federal Housing Administration (FHA)
Mutual Mortgage Insurance Fund will have a positive capital reserve balance at
the end of Fiscal 2014 estim...
Mon, Mar 3 2014, 11:58 AM
There's always a risk of crediting uncommon news headlines with too much market movement . That's certainly happening with Ukraine to some extent at...
Mon, Mar 3 2014, 9:16 AM
Zelman & Associates
invites readers to join them for an informative conference call to
discuss their outlook on the housing market and mortgage ...
Mon, Mar 3 2014, 8:00 AM
This week's calendar of economic data has a roughly average number of reports, but several of them are potent market movers. Friday's jobs report , ...
Mon, Mar 3 2014, 4:09 PM
Mortgage rates moved noticeably lower today,
as investors sought the relative safety of bond markets in response to
geopolitical tensions in Ukr...
Mon, Mar 3 2014, 4:07 PM
As fun as it is to be cynical about the market movers getting the most attention, today's strength in bond markets really was mostly about Ukraine. ...
Mon, Mar 3 2014, 1:16 PM
The Census Bureau said today that
construction put in place in January was at a seasonally adjusted annual rate
of $943.1 billion, up 0.1 percent f...
Fri, Feb 28 2014, 12:41 PM
Bond markets went into the locker room after this morning's econ data fairly discouraged, but not enough to give up. That was less obviously the cas...
Fri, Feb 28 2014, 10:02 AM
Pending
sales changed little from December to January the National Association of
Realtors® (NAR) said today. That is not
surprising as the bad w...
Fri, Feb 28 2014, 9:42 AM
It
has been quite a week, visiting mortgage and banking folks in
California, Kansas, and now Texas. There are a lot of good, experienced
personn...
Fri, Feb 28 2014, 8:00 AM
With the past five sessions having been green for MBS, today affords them the opportunity to do something they haven't done since the end of March 201...
Fri, Feb 28 2014, 3:57 PM
Month-end to the rescue! We've been talking about it all week and now the phenomenon (month-end buying) is a major contributor in bond markets' abili...
