Wed, Jan 25 2012, 9:28 AM
Mortgage applications were down during
the week ended January 20 according to the Weekly Mortgage Applications Survey
conducted by the Mortgage Ban...
Wed, Jan 25 2012, 8:57 AM
The overnight session was almost completely
unnecessary. 10yr yields climbed to
nearly 2.08, apparently not willing to test yesterday's highs, and ...
Wed, Jan 25 2012, 4:16 PM
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FNMA 3.5
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Wed, Jan 25 2012, 4:02 PM
Mortgages Rates spent 2 days at 4.0% in terms of rounded average "Best-Execution" rates (for detail on what that means, READ THIS POST from a few d...
Wed, Jan 25 2012, 2:45 PM
Let's cut right to the chase... Although the 5yr auction earlier today was strong and although there were several paragraphs-worth of content in toda...
Tue, Jan 24 2012, 11:16 AM
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Tue, Jan 24 2012, 10:02 AM
As red-blooded American males prepare for the advertising onslaught
of Valentine's Day (2/14), we are reminded that the media is indeed
powerful -...
Tue, Jan 24 2012, 8:27 AM
Bond markets are off to a decent start with 10yr yields down just over a bp at 2.044 and Fannie 3.5 MBS up 4 ticks at 102-24. The overnight session...
Tue, Jan 24 2012, 4:16 PM
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Tue, Jan 24 2012, 2:50 PM
Mortgage Electronic Registration
Systems, Inc. better known as MERS won a significant victory in court on
Tuesday as the U.S. Court of Appeals f...
Tue, Jan 24 2012, 2:34 PM
Mortgages Rates are steady to slightly improved today after rising for the first time in a month yesterday. Although rates change slightly every day...
Tue, Jan 24 2012, 1:42 PM
Rumors have been circulating for some
time that the Obama Administration is pressuring the 50 state attorneys general,
the Justice Department and th...
Tue, Jan 24 2012, 1:32 PM
Not simply because MBS are currently at the same price levels as Friday afternoon do we say that their week begins tomorrow. In fact, Friday's levels...
Mon, Jan 23 2012, 11:16 AM
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Mon, Jan 23 2012, 11:05 AM
It's been a choppy morning for MBS. At their lows, Fannie 3.5's hit 102-13, while highs have been mostly capped out at 102-19. The 6/32nds gap betwe...
Mon, Jan 23 2012, 10:28 AM
Cash buyers, principally investors, may
be putting downward pressure on home prices according to the Campbell/Inside
Mortgage Finance Housing Puls...
Mon, Jan 23 2012, 9:44 AM
Hey, if
you can't beat 'em, join 'em . I bet many
wouldn't mind making nearly a quarter million a year being a "cutting edge"
CFPB regulator - li...
Mon, Jan 23 2012, 8:47 AM
"Things were fairly flat for most of the overnight session, and 10yr notes got as low as 1.99's earlier in the morning when the potential inability of...
Mon, Jan 23 2012, 5:12 PM
Acting Federal Housing Finance Agency (FHFA)
Director Edward J. DeMarco responded Friday to a request from 16 House
Democrats to explain the statuto...
Mon, Jan 23 2012, 4:16 PM
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Mon, Jan 23 2012, 3:12 PM
For the first time in over a month, the Best-Execution rate for 30yr fixed mortgages rose from a rounded average of 3.875% to 4.00% today. The underl...
Fri, Jan 20 2012, 11:56 AM
Existing
home sales edged higher for the third consecutive month according to data
released this morning by the National Association of Realtors® ...
Fri, Jan 20 2012, 11:20 AM
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Fri, Jan 20 2012, 9:51 AM
The world
has been watching the ship incident in the Mediterranean, and the fact that the
captain was seen on an island during the event. His quote,...
Fri, Jan 20 2012, 9:43 AM
The proposed down payment standards
for new mortgages might push 60 percent of potential borrowers into high-cost
loans or out of the housing mark...
Fri, Jan 20 2012, 8:33 AM
Yesterday's busy calendar of economic reports gives way to relative silence. Existing Home Sales at 10am is the only scheduled release. But as we've...
Fri, Jan 20 2012, 4:16 PM
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Fri, Jan 20 2012, 2:21 PM
Mortgage Rates
moved higher again today, albeit by a relatively small amount on average. But averages only tell part of the story. We're seeing t...
Fri, Jan 20 2012, 1:24 PM
Spending
on home improvements and remodeling have shown signs of a rebound and the
Remodeling Futures Program at the Harvard Joint Center for Hous...
Fri, Jan 20 2012, 1:19 PM
"It's impressive that Fannie 3.5's have held on to 102-20 as long as they have with 10's inching closer to 2.03. With prices near their lows of the da...
Thu, Jan 19 2012, 11:21 AM
Adjustable rate mortgages have lost
much of the popularity they enjoyed in the mid-2000s and Freddie Mac's 28 th
Annual Adjustable-Rate Mortgage S...
Thu, Jan 19 2012, 11:20 AM
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Thu, Jan 19 2012, 11:11 AM
Basketball
fans know that all-stars Patrick Ewing, Charles Barkley, Dominique Wilkins,
Elgin Baylor, Reggie Miller, Pete Maravich, Karl Malone, and ...
Thu, Jan 19 2012, 10:58 AM
Building permits and housing starts in
December were both below levels reported in November 'according to data
released this morning by the Departme...
Thu, Jan 19 2012, 9:29 AM
This morning's bond market weakness is highly deceptive unless you take a closer look at when the various movements occurred and match the movements a...
Thu, Jan 19 2012, 8:10 AM
Bond markets traded almost exclusive sideways in the overnight session after reaching their weakest levels of the day late yesterday. This went on in...
Thu, Jan 19 2012, 4:20 PM
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Thu, Jan 19 2012, 3:41 PM
Mortgage Rates worsened at a reasonably brisk pace today when compared with recent relative stability. Still, the movement remains confined to costs...
Thu, Jan 19 2012, 3:12 PM
MBS hit their highs of the day just after Philly Fed at 11AM and have been weaker ever since. 10yr yields made an attempt to hold their ground at 1.9...
Wed, Jan 18 2012, 11:29 AM
Home builder confidence rose in January
for the fourth consecutive month as builders saw more buyer traffic and
anticipated higher sales. The Nati...
Wed, Jan 18 2012, 11:20 AM
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Wed, Jan 18 2012, 10:29 AM
The
Federal Reserve does other things besides keep overnight Fed Funds at 0% for
years at a stretch. It releases some interesting stats on mortgages...
Wed, Jan 18 2012, 10:24 AM
After a glut of economic data this morning, MBS are roughly in line with pre -data levels, down 1/32 nds in Fannie 3.5 coupons. Although this m...
Wed, Jan 18 2012, 10:19 AM
Mortgage applications jumped 23.1
percent on a seasonally adjusted basis during the week ended January 13,
2012. The increase in the Market
Compo...
Wed, Jan 18 2012, 8:10 AM
The big story overnight cited an anonymous source within the IMF as saying the fund is proposing to boost its resources by $1 Trillion dollars. Short...
Wed, Jan 18 2012, 4:20 PM
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Wed, Jan 18 2012, 2:54 PM
Mortgage Rates
continue to ebb and flow in the same pattern that has persisted for over a month. The average Best-Execution interest rate for a 30...
Wed, Jan 18 2012, 2:35 PM
Alert and video of the live price action from MBS Live (learn more... ) :
10yr yields dashed to their highs in the steepest and highest volume mo...
Wed, Jan 18 2012, 1:57 PM
"Perspectives on the housing market
depend on where you sit ," according to Freddie Mac's U.S.
Economic and Housing Market Outlook
for January. ...
Tue, Jan 17 2012, 11:20 AM
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FNMA 3.5
103-08 : +0-01
...
