Mon, Mar 24 2014, 8:00 AM
On the one hand, this week's calendar of events is fairly well packed. On the other, it's spring break. While that may not sap the level of activity...
Mon, Mar 24 2014, 4:46 PM
Mortgage rates moved sideways to slightly lower
today, but only after a slew of mid-day reprices from lenders. Before
that, the morning rate...
Mon, Mar 24 2014, 4:46 PM
Bond markets are heading toward the end of the session very close to unchanged levels. This is a small accomplishment considering they began the day ...
Mon, Mar 24 2014, 1:03 PM
Black
Knight Financial Services (formerly Lender Processing Services) reports that
home values in the U.S. as of December remained within 14 percen...
Fri, Mar 21 2014, 12:38 PM
We're heading into an afternoon that's likely to see more bets being made on Basketball games than in financial markets. Bonds in particular are on...
Fri, Mar 21 2014, 10:48 AM
It
is so sad that America ranks 25th in the world in math. But at least
we're still in the top 10. Speaking of math, the Census Bureau tells us
...
Fri, Mar 21 2014, 8:00 AM
Apart from April options expiry in Treasuries, there's really not anything to trade on today for bond markets. Wednesday's Fed forecast speedbump was...
Fri, Mar 21 2014, 4:39 PM
Don't look now, but against a slightly longer-term backdrop, bond markets merely continued in the same old ranges this week, despite being pushed near...
Fri, Mar 21 2014, 2:32 PM
Mortgage rates managed to move lower
today, generally erasing yesterday's increases. There was very little
by way of market-moving events to m...
Thu, Mar 20 2014, 12:57 PM
The day is playing out perfectly in line with our discussion in The Day Ahead . Because of Yellen's candor in conjunction with the mathematically si...
Thu, Mar 20 2014, 11:56 AM
Existing Home Sales, which are completed transactions for
single-family homes, townhomes, condominiums and co-ops, continued
trending lower in Feb...
Thu, Mar 20 2014, 9:54 AM
It has been 5 years since Thornburg
Mortgage filed for Chapter 11. For folks not around then, Thornburg
Mortgage Inc. was an American corporatio...
Thu, Mar 20 2014, 8:00 AM
For a full recap of yesterday's bond market sell-off, read this . For a synopsis, read this: Bond markets sold off yesterday, not so much because of...
Thu, Mar 20 2014, 5:37 PM
While yesterday was a surprise due to changes in Fed forecasts, today was anything but --at least if you bought in to the notion that yesterday's sel...
Thu, Mar 20 2014, 4:09 PM
Mortgage rates moved higher for
a second straight day, extending yesterday's much larger spike. Some
lenders remained relatively close to yest...
Wed, Mar 19 2014, 12:23 PM
Bond markets began the day reasonably close to unchanged levels, but were soon moving into weaker territory . Part of the move can be attributed to ...
Wed, Mar 19 2014, 11:02 AM
Information received since the Federal Open Market Committee met in December indicates that ______________ (economic activity) / (POTUS consternati...
Wed, Mar 19 2014, 9:53 AM
"Well
the midnight gang's assembled and picked a rendezvous for the night,
they'll meet 'neath that giant Exxon sign that brings this fair city
...
Wed, Mar 19 2014, 8:11 AM
Mortgage applications fell slightly percent during the week ended March 14. According to MBA's Weekly Mortgage Applications Survey the
Market Compos...
Wed, Mar 19 2014, 8:00 AM
Today would normally be a good test for market motivations. We have been able to plainly see that Ukraine-related headlines can directly affect dome...
Wed, Mar 19 2014, 5:18 PM
Mortgage rates shot higher today
at their fastest pace of the year today after Fed forecasts suggested
members saw the Fed Funds Rate rising so...
Wed, Mar 19 2014, 4:59 PM
As expected, today's FOMC Announcement was every bit the snoozer it should have been. We knew qualitative guidance was likely to replace the unempl...
Wed, Mar 19 2014, 2:06 PM
Information received since the Federal Open Market Committee met in
January indicates that growth in economic activity slowed during the
winter mo...
Wed, Mar 19 2014, 1:59 PM
Among closed loans in February, the share of refinances fell to 43 percent
from 47 percent in January, and from 68 percent in February 2013,
acc...
Wed, Mar 19 2014, 1:52 PM
Consumers planning to jump into the real estate market this spring will need to reassess pricing, whether they are looking to buy or sell.
The s...
Tue, Mar 18 2014, 12:14 PM
Overnight market movement was once again most visibly affected by headlines relating to the situation in Ukraine. This time around it was a speech ...
Tue, Mar 18 2014, 10:27 AM
What
is the MBA applications number going to tell us tomorrow? My bet, given
stories from lock desks around the nation, is that we'll see an
imp...
Tue, Mar 18 2014, 8:00 AM
Day 2 of post-referendum Ukraine may well look a lot like day one. What some feared would become an actual war, instead may simply fade from importan...
Tue, Mar 18 2014, 4:39 PM
Mortgage rates were effectively unchanged
today, putting an end to 2 days spent moving higher as the threat of
violence diminished in Ukraine. ...
Tue, Mar 18 2014, 4:05 PM
After weakness pervaded the past two sessions, bond markets have managed to find their footing before giving back any more of last Thursday's Ukraine-...
Tue, Mar 18 2014, 3:07 PM
Three non-profit homeowner counseling
organizations have sued California Governor Jerry Brown, charging that the
state had diverted 369 million dol...
Mon, Mar 17 2014, 12:26 PM
As
promised last week, the leadership of the Senate Banking Committee has
released draft legislation to revamp the nation's housing finance system. ...
Mon, Mar 17 2014, 12:14 PM
Builder
confidence as measured by the National Association of Home Builders (NAHB)/Wells
Fargo Housing Market Index (HMI) remained flat in March, ...
Mon, Mar 17 2014, 12:10 PM
Bond markets had moved into a defensive position on Friday in order to account for geopolitical fallout after Sunday's referendum in Crimea. After th...
Mon, Mar 17 2014, 10:11 AM
Don't
forget to wear a little green today, and this was seen at a local bar:
"Special Today Only! Buy one beer for the price of two, and receive a...
Mon, Mar 17 2014, 8:00 AM
Last week's calendar of events were little match for the headlines coming out regarding the situation in Ukraine. Markets were in full " herd mode ,"...
Mon, Mar 17 2014, 4:30 PM
Mortgage rates moved moderately higher today,
erasing most of the improvement seen since Thursday afternoon. At that
time, global markets incl...
Mon, Mar 17 2014, 4:15 PM
Last week saw a reigniting of geopolitical risk on Thursday after headlines suggested the Crimean referendum as a potential powder keg over the week...
Mon, Mar 17 2014, 3:43 PM
Closed sales of existing single-family homes slipped
again in February, marking the seventh straight month of declining activity. The
California A...
Fri, Mar 14 2014, 12:20 PM
The morning has seen rapid swings between highs and lows for stocks, bonds, MBS, and just about everything else. As expected, the logical impact fr...
Fri, Mar 14 2014, 11:34 AM
Who
doesn't love a good 'Top 10' list? If it wasn't for top ten lists, and
videos of cats dancing, the internet would be reserved for its intended...
Fri, Mar 14 2014, 8:00 AM
There's some inherent moral conflict in being a fan of lower mortgage rates. No sane person wishes for the sort of strife surrounding the Russia/Uk...
Fri, Mar 14 2014, 4:33 PM
Bond markets started the day in fairly decent shape, not much changed following yesterday's substantial Ukraine-inspired improvement. Domestic econom...
Fri, Mar 14 2014, 3:16 PM
Mortgage rates managed
to log another day of improvement today, this time more modest compared
to yesterday's big move. Rate sheets were best ...
Fri, Mar 14 2014, 1:21 PM
Two Federal Reserve economists have developed
a home price index which they claim operates in a more real time environment
than those indices curr...
Thu, Mar 13 2014, 12:51 PM
New home sales were up slightly in
February the Mortgage Bankers Association (MBA) said today, but the increase
was based on a substantially downgr...
Thu, Mar 13 2014, 12:29 PM
Until 11:11am, the day may well have been about the fairly tepid reaction to stronger economic data. Treasuries had traded a super narrow range overn...
Thu, Mar 13 2014, 11:50 AM
After
spiking 8 percent in January, foreclosures filings have resumed their downward
spiral RealtyTrac said today. Its U.S.
Foreclosure Market R...
Thu, Mar 13 2014, 10:04 AM
I
can't figure out if this is a story about the rebounding real estate
market , or about the gap between the "haves and the have-nots" widening -...
Thu, Mar 13 2014, 8:00 AM
Bond markets had a great day on Wednesday and were able to rally both before and after the 10yr Note Auction. The question is: does this reveal som...
