Wed, Apr 23 2014, 4:21 PM
It was a refreshingly strong day for MBS and Treasuries. While the gains weren't immense by any standard, they were mostly present from the start o...
Wed, Apr 23 2014, 3:14 PM
Mortgage rates
moved lower at a healthy pace today, more than erasing the past two
days of weakness, but leaving most of last Thursday's weakne...
Wed, Apr 23 2014, 1:26 PM
California appears to be gearing up for
a strong spring market according to pending home sales figures released today
by the California Association ...
Wed, Apr 23 2014, 1:14 PM
The February edition of the new
Multi-Indicator Market Index (MiMi) introduced by Freddie Mac last month indicates
that the U.S. housing market ov...
Tue, Apr 22 2014, 12:07 PM
Stocks and bonds have been in relative lock-step for much of 2014 (stock prices and bond yields moving in same direction, aka 'stock lever'). The cor...
Tue, Apr 22 2014, 11:31 AM
Sales of existing homes were
essentially unchanged in March compared to February the National Association of
Realtors® (NAR) said today. Home price...
Tue, Apr 22 2014, 10:30 AM
Black Knight Financial Services said
today that the mortgage delinquency rate in March was the lowest in the U.S.
since October 2007 and the forec...
Tue, Apr 22 2014, 10:17 AM
Here's a good question: can
a lender who emails disclosures to loan applicants via an e-delivery
system, still remain compliant under RESPA and TI...
Tue, Apr 22 2014, 8:00 AM
Global financial markets were unequivocally still out on holiday breaks yesterday--unofficially in the US and officially in Europe. There were no m...
Tue, Apr 22 2014, 4:06 PM
The overarching caveat for any assessment of today's market activity is that the whole thing occurred in a relatively tight range. Sustained highs an...
Tue, Apr 22 2014, 2:47 PM
Mortgage rates
drifted higher for the second straight day despite a relatively flat
day for underlying bond markets. Rates pushed into their 2...
Tue, Apr 22 2014, 1:57 PM
Recent postings on CoreLogic's Insights Blog have a couple of
different views of some of the housing numbers generally taken at face value by
...
Mon, Apr 21 2014, 12:09 PM
If bond market activity is any indication, today might as well be another day of the extended holiday weekend. In fact, this is officially the case...
Mon, Apr 21 2014, 9:36 AM
Home remodeling remains strong
throughout the country although it has begun to experience some of the
moderation that has been predicted since lat...
Mon, Apr 21 2014, 9:32 AM
The commentary on Saturday noted predictions for 2014, and how things were shaping up so far. Attorney Phil Stein observed, "Here is another issue to ...
Mon, Apr 21 2014, 7:51 AM
Just a few short days after the ostensible deescalation in Ukraine following Thursday's Geneva talks, violence broke out over the weekend with a shoo...
Mon, Apr 21 2014, 3:57 PM
The trading day was an insult to anyone attempting to pay any attention today. Considering it was the slowest day of the year (including early clos...
Mon, Apr 21 2014, 3:13 PM
Mortgage rates were just slightly higher
today, extending a more forceful move higher last Thursday. Whereas
markets reacted to deescalating...
Fri, Apr 18 2014, 9:52 AM
Tommy
LaSorda supposedly said, "I found out that it's not good to talk about
my troubles: 80% of the people who hear them don't care and the other...
Thu, Apr 17 2014, 11:34 AM
Given the recent adherence to a sideways range in bond markets combined with today's economic data coming in stronger than expected, it's not surprisi...
Thu, Apr 17 2014, 10:38 AM
Homes with serious negative equity
numbers have now declined to the lowest point in at least two years RealtyTrac
said today. The company, which ...
Thu, Apr 17 2014, 9:53 AM
Ellie Mae's Origination Insight Report said today that 40 percent of mortgage
loans closed in March were originated for refinancing and 60 percen...
Thu, Apr 17 2014, 9:50 AM
Home affordability is not a modern problem. In Zillow's In Search of Affordability , Krishna Rao writes, "Across
the United States, strong home p...
Thu, Apr 17 2014, 7:51 AM
At the beginning of the week, we discussed the shared fate between stocks and bonds, noting that they'd been exceptionally well-connected of late and ...
Thu, Apr 17 2014, 3:02 PM
Bond markets had a bad day. The setup for this one started as early as Tuesday, when what looked like a shift toward weakness on Monday was instead ...
Thu, Apr 17 2014, 2:38 PM
Mortgage rates moved sharply higher today
on a combination of factors including strong economic data,
developments in Ukraine, and prevailing...
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 ...
