Thu, Oct 7 2021, 9:57 AM
It remains to be seen what impact tomorrow's jobs report might have given that it would take an atrociously weak number to derail the Fed's November t...
Wed, Oct 6 2021, 4:31 PM
Mortgage rates managed to hold mostly steady on Wednesday despite several headwinds that threatened to push them higher. The first headwind falls into...
Wed, Oct 6 2021, 4:26 PM
Bonds Vote To Hold The Range Despite Stronger Data
10yr yields tested multi-month highs overnight (1.573), b...
Wed, Oct 6 2021, 11:00 AM
Mortgage applications declined by the largest margin in three months during the week ended October 1. The Mortgage Bankers Association said its Market...
Wed, Oct 6 2021, 10:57 AM
This budget thing is out of control. In a blow to privacy, did you know that the proposal would require banks, credit unions, etc., to report to the I...
Wed, Oct 6 2021, 9:36 AM
1.573% on a 10yr US Treasury Note?! While this still isn't the place a yield-seeking investor would park their money (inflation-adjusted returns at a...
Tue, Oct 5 2021, 4:51 PM
Both CoreLogic and Black Knight have looked at the million plus home loans that are still in forbearance as the majority of those borrowers are quickl...
Tue, Oct 5 2021, 4:48 PM
CoreLogic reported another record rise in its Home Price Index (HPI) in August. The company said the 18.1 percent annual increase was again the result...
Tue, Oct 5 2021, 4:35 PM
Mortgage rates managed to begin the week by holding relatively steady, but that changed rather noticeably today. The bond market (which dictates day t...
Tue, Oct 5 2021, 4:35 PM
Rates Move Back Toward Recent Highs.
Bonds started the day only modestly higher after a fairly uneventful ov...
Tue, Oct 5 2021, 11:28 AM
Modest weakness on Monday meant the door was still open for bonds to challenge the lower boundary of the higher rate range seen last week. Today's tr...
Tue, Oct 5 2021, 10:08 AM
Paul P., writes, “Hope is a good companion but a poor guide.” But the nation is hoping that the share of loans in forbearance continues to decline. An...
Mon, Oct 4 2021, 4:16 PM
Could be Better. Could be Worse
Bonds ended last week on a strong note with yields challenging the lowest le...
Mon, Oct 4 2021, 4:03 PM
Mortgage rates are unchanged to a hair lower compared to last Friday, depending on the lender. While that's welcome news given some of the big jumps i...
Mon, Oct 4 2021, 10:53 AM
Is relief in sight for potential homeowners? Too early to tell, but Black Knight says that the rate of acceleration in home price growth did slow slig...
Mon, Oct 4 2021, 10:37 AM
Construction spending in August, both public and privately funded, was essentially unchanged from the prior month. The Census Bureau said total constr...
Mon, Oct 4 2021, 10:35 AM
Residential lending is filled with technology shifts. (STRATMOR is offering up technology survey results below.) I am a luddite when it comes to that ...
Mon, Oct 4 2021, 9:57 AM
Bonds managed to consolidate by the end of last week after yields surged to the highest levels since June. They're now faced with the choice to acqui...
Fri, Oct 1 2021, 4:48 PM
The number of loans in forbearance declined by 18,000 during the week ended September 21 and by another 11,000 during the week ended September 28. The...
Fri, Oct 1 2021, 4:43 PM
Modestly Strong, Uneventful Trading Day, Version 3
Last week conditioned us for Drama. Monday and Tuesday su...
Fri, Oct 1 2021, 11:32 AM
Today is off to a relatively tame start with yields trading in the narrowest range of the week so far. It also marks the 3rd straight day of modest r...
Fri, Oct 1 2021, 10:37 AM
Although most states don’t “fall back” and change the clocks until November 7th, losing 3-4 minutes of daylight a day is now readily apparent, and it’...
Thu, Sep 30 2021, 4:11 PM
Do Today's Gains Mean The Selling Spree is Over?
After some initial weakness brought 10yr yields back in lin...
Thu, Sep 30 2021, 10:20 AM
The end of the third quarter is here already. The fate of Fat Bear Week hangs in the balance given the possible government shutdown. (Although the odd...
Thu, Sep 30 2021, 9:26 AM
In case you missed it, things have been bad for bonds since last Thursday. A combination of factors conspired to push yields higher at the fastest pac...
Wed, Sep 29 2021, 4:20 PM
After spending the past four business days moving rapidly higher, mortgage rates finally caught a break today, but it was small. In fact, the average ...
Wed, Sep 29 2021, 4:17 PM
Token Rally a Small Concession For Recent Selling Spree
After 4 straight days of heavy selling pressure, bon...
Wed, Sep 29 2021, 10:49 AM
Pending home sales rebounded in August after falling in both June and July. The National Association of Realtors® (NAR) said its Pending Home Sales In...
Wed, Sep 29 2021, 10:46 AM
Mortgage application volume edged slightly lower during the week ended September 24 , with purchase and finance applications sharing in the dip. The M...
Wed, Sep 29 2021, 10:39 AM
When bonds sell off as decisively as they have over the last 4 trading sessions, it's only a matter of time before buyers push back. The bigger the s...
Wed, Sep 29 2021, 10:37 AM
Why is breakfast in bed “luxurious” but breakfast, lunch, and dinner in bed is labeled “depression?” That’s something to consider. Today there’s so mu...
Tue, Sep 28 2021, 4:50 PM
Here's What's NOT Moving The Bond Market
Another day, another surprisingly brisk selling spree in the bond m...
Tue, Sep 28 2021, 3:53 PM
The headline requires a bit of context. The target audience would be those of us who keep tabs on every little move in mortgage rates . If you identif...
Tue, Sep 28 2021, 1:38 PM
Two important members of the real estate community issued reports related to the impact of climate change within the last week. The Mortgage Bankers A...
Tue, Sep 28 2021, 1:17 PM
The Federal Housing Finance Agency (FHFA) and all three of the S&P CoreLogic Case-Shiller price indices posted annual price gains in excess of 19 perc...
Tue, Sep 28 2021, 12:29 PM
Seen on a chalkboard outside a bar: “Beer shortage coming soon. Panic buy here!” Moving from booze to bonds, thinking that the Fed would buy $5 billio...
Tue, Sep 28 2021, 10:02 AM
Momentum, macroeconomic considerations, and Fed policy continue to dominate the bond market since last Thursday as traders are swept up in the widespr...
Mon, Sep 27 2021, 4:29 PM
Losses Continue Despite Decent 5yr Treasury Auction
Today's 5yr Treasury auction was respectable with the in...
Mon, Sep 27 2021, 3:18 PM
Mortgage rates continued somewhat higher on Monday as bond markets lost ground over the weekend, adding to the heavier losses seen on Thursday and Fri...
Mon, Sep 27 2021, 10:28 AM
I could tell that my cat Myrtle was miffed Sunday. I’m sure that she, given her position at the top of the food chain, believes that I shouldn’t be wa...
Mon, Sep 27 2021, 9:50 AM
At the end of last week, we noted the looming Treasury auction cycle at the start of this week. Due to calendar constraints, it's earlier than normal...
Fri, Sep 24 2021, 3:37 PM
Range Breakout or New Trend Channel?
It was an interesting trading session in the bond market as Treasury yi...
Fri, Sep 24 2021, 11:36 AM
Sales of newly constructed homes performed better than expected in August but remain well behind the pace set in August 2020. The U.S. Census Bureau a...
Fri, Sep 24 2021, 10:47 AM
As early as 4 months ago, we'd been eyeing late September as do or die time for the low rate environment. By early September, we had a very clear pic...
Fri, Sep 24 2021, 10:37 AM
First off, my apologies to Ernest Hemingway whose name I mistakenly wrote as “Earnest.” Thank you to those who pointed that out. Second… Okay… I see m...
Thu, Sep 23 2021, 3:54 PM
Homeowner equity grew $2.9 trillion nationwide from the second quarter of 2020 to the same quarter this year. CoreLogic's Homeowner Equity Report show...
Thu, Sep 23 2021, 3:52 PM
Delinquencies hit a new post-pandemic low in August as the national delinquency rate fell by 84,000 loans or 3.48 percent compared to July. It was 41....
Thu, Sep 23 2021, 3:49 PM
Existing home sales ended two months of gains in August, falling 2.0 percent on a seasonally adjusted basis from the previous month. The National Asso...
Thu, Sep 23 2021, 3:28 PM
Mortgage rates jumped substantially higher today as global markets reacted to yesterday's Fed announcement. But that's really just scratching the surf...
Thu, Sep 23 2021, 2:41 PM
What's Up With Today's Big Sell-Off?
It's not nearly as surprising to see bond yields breaking technical cei...
