Fri, May 21 2021, 10:34 AM
Should we start the finish of the normal workweek with some non-mortgage stuff? There are green monkeys living near a Florida airport who are connecte...
Fri, May 21 2021, 10:28 AM
American homeowners, even some of those most affected by the pandemic, seems to be edging back from anything resembling the foreclosure avalanche of 2...
Fri, May 21 2021, 10:00 AM
Who would have ever imagined that a week where the Fed Minutes included the first notion of post-pandemic instance of "tapering" could end up being "q...
Thu, May 20 2021, 4:38 PM
Fannie Mae upwardly revised its GDP forecast for the year from 6.8 percent to 7.0 percent in its May report on economic development. The company's eco...
Thu, May 20 2021, 4:16 PM
Mortgage rates moved slightly lower today depending on the lender. Those who raised rates yesterday afternoon (most of them) were able to offer slight...
Thu, May 20 2021, 3:39 PM
Inflation Expectations And Weaker Econ Data Helping Bonds
Ever since last week's CPI data caused inflation e...
Thu, May 20 2021, 10:50 AM
There are some who firmly believe that the Hubble Telescope was sent into space to spy on us. These people are better advised to wonder what Google is...
Thu, May 20 2021, 9:49 AM
Wednesday was a bit silly in the sense that a fairly innocuous reference to tapering in the Fed Minutes was blown out of proportion by the time market...
Wed, May 19 2021, 3:51 PM
Mortgage rates began the day in line with yesterday's levels, for the most part. Things changed in the afternoon. Bonds began to deteriorate modestly ...
Wed, May 19 2021, 3:48 PM
Questionable Taper Talk Conclusions Result in Heavy Selling
The word "heavy" requires some qualification. I...
Wed, May 19 2021, 10:58 AM
Face facts: There are many differences between men and women. One of which is that when returning home from the grocery store, women typically are mor...
Wed, May 19 2021, 9:10 AM
Bonds were flat to start the overnight session, but moved higher right at the start of European trading. This has been a major theme in the past few ...
Wed, May 19 2021, 8:45 AM
Mortgage originations are still finding much of their strength in the refinance sector even during those weeks when rates increase. The Mortgage Banke...
Tue, May 18 2021, 3:27 PM
Mortgage rates were at their lowest levels in several months by the beginning of last week. They spent the next several days moving higher (especially...
Tue, May 18 2021, 3:26 PM
Low Volume/Volatility For a Second Straight Day
Although it was last Wednesday that offered the lion's share...
Tue, May 18 2021, 10:50 AM
Housing starts fell back from the annual rate of 1,733,000 units reported for March. Residential starts in April were down 9.5 percent to a seasonally...
Tue, May 18 2021, 9:26 AM
The guy I was talking to yesterday asked about my background. I gave him a detailed history of my upbringing, my education, work experience, and why I...
Tue, May 18 2021, 9:09 AM
Today's only notable economic release is helping the bond market get off to a stronger start today. New Residential Construction, came out weaker tha...
Mon, May 17 2021, 4:03 PM
Super Slow Day; Still Waiting For Breakout
Whether it's the narrow range between 1.62 and 1.68% in 10yr yiel...
Mon, May 17 2021, 11:05 AM
The National Association of Home Builders (NAHB) said new home builders are not losing faith in the market for new homes despite their growing concern...
Mon, May 17 2021, 11:00 AM
Here is a dab of trivia to start the week. There are only about 2,000 heart transplants every year in the United States. So, on average, that’s only a...
Mon, May 17 2021, 9:24 AM
Q4, 2020 was all about yields moving higher at a gradual pace. Same story for Q1, 2021, but at a much quicker pace. If Q2, 2021 has a them, it's bee...
Fri, May 14 2021, 4:32 PM
Weaker Retail Sales Casts Vote For Range-Holding
Wednesday's CPI data was akin to some passionate political ...
Fri, May 14 2021, 10:20 AM
Let me start Friday with an apology… to Alaska. (I thought I saw an eye doctor on an Alaskan island, but it turned out to be an optical Aleutian.) Jul...
Fri, May 14 2021, 9:42 AM
Wednesday's CPI data was akin to some passionate political orator making a case for the country to go to war against low rates. Yesterday's 30yr bond...
Thu, May 13 2021, 4:40 PM
That applications for mortgages to purchase newly constructed homes rose 30.8 percent in April compared to a year ago is not a particularly useful pie...
Thu, May 13 2021, 4:35 PM
It's Thursday and, thus, time once again to check in with the slew or mortgage rate headlines that typically follow the release of Freddie Mac's weekl...
Thu, May 13 2021, 3:49 PM
Supply Storm Weathered (Could Have Been Worse)
After yesterday's brisk sell-off in the bond market, today's ...
Thu, May 13 2021, 10:44 AM
People around the nation are “voting with their feet.” Illinois: Seven straight years of population declines . California: Losing population during a ...
Thu, May 13 2021, 10:10 AM
Bonds are off to a much better start today vs yesterday (it wouldn't take much, consider yesterday was the worst day in 2+ months). This morning's pr...
Wed, May 12 2021, 4:35 PM
After bottoming out at 2 month lows late last week, mortgage rates have been heading higher. At first, the move was relatively gradual, but the pace i...
Wed, May 12 2021, 4:20 PM
Inflation Data Throws Down Gauntlet. Markets Panic
It's easy enough to imagine or even expect that near-term...
Wed, May 12 2021, 10:51 AM
After last Friday's weaker jobs report, bonds rallied at first, but then bounced into weaker territory in just a few hours. That failure meant bond y...
Wed, May 12 2021, 10:41 AM
Is Better.com worth $7.7 billion , as indicated by the SPAC deal announced yesterday? I guess things are worth the price at which a willing buyer and ...
Wed, May 12 2021, 10:35 AM
Mortgage application volume rose for the first time since mid-April last week. The Mortgage Bankers Association (MBA) said its Market Composite Index,...
Wed, May 12 2021, 8:07 AM
Metro area home prices rose sharply in the first quarter of 2021 and virtually every part of the country was impacted. The National Association of Rea...
Wed, May 12 2021, 8:05 AM
Access to mortgage financing improved in April, driven by a large gain in the availability of both conforming and jumbo mortgages. The Mortgage Banker...
Tue, May 11 2021, 4:02 PM
Bonds Still Struggling. 10yr Staging For a Bigger Move?
After holding ground admirably overnight despite the...
Tue, May 11 2021, 3:47 PM
Mortgage rates had enjoyed a solid little run for almost all of April and again in the first week of May. By last Thursday, they were at their lowest ...
Tue, May 11 2021, 10:42 AM
Mortgage delinquency rates ticked up slightly in February, the first increase since August 2020 . CoreLogic said the national delinquency rate at the ...
Tue, May 11 2021, 10:40 AM
The real estate and lending industries operate in a world filled with laws, lawsuits, and regulators. (The latest example is REX’s suit against Zillow...
Tue, May 11 2021, 10:08 AM
Bonds lost ground moderately yesterday and blame was most easily assigned to the broad notion of "supply." More specifically, a record-setting round ...
Mon, May 10 2021, 4:02 PM
Heavy Issuance Weighs on Bonds
We knew bonds would be skittish about Treasury auctions this week, but the de...
Mon, May 10 2021, 11:34 AM
Fannie Mae has conducted the National Housing Survey every month since 2011. Among its most prominent questions are those relating to home buying and ...
Mon, May 10 2021, 11:28 AM
The Mortgage Bankers Association (MBA) reports that the percentage of non-current mortgages dropped by 35 basis points (bps) in the first quarter of 2...
Mon, May 10 2021, 10:09 AM
Here at the MBAG event in Northern Florida some of the topics of conversation is the economy, the inability to predict interest rates, families, and l...
Mon, May 10 2021, 9:44 AM
The week gets off to a slow start without any significant data on tap for Monday or Tuesday. The Treasury auction cycle becomes more relevant on Wedn...
Fri, May 7 2021, 3:44 PM
Bonds Fail to Capitalize on Super Weak Jobs Report
Nonfarm Payrolls came in at 266k compared to a median for...
Fri, May 7 2021, 11:37 AM
In a recent post on the National Association of Home Builder's (NAHB's) Eye on Housing blog, chief economist Paul Emrath said rising softwood lumber p...
Fri, May 7 2021, 10:15 AM
There was a sharp decline in the number of loans in forbearance during the week ended May 4. Black Knight says this has come to be the norm during the...
