Fri, Oct 2 2009, 2:02 PM
My uncle used to say, "Do not corner something that you know is meaner than you." Or bigger, for that matter. Speaking of big, the numbers yesterday s...
Thu, Oct 1 2009, 8:24 AM
The fourth quarter begins today with a torrent of fresh data, plus speeches from Fed chairman Ben Bernanke and Atlanta Fed president Sandra Pianalto.
...
Thu, Oct 1 2009, 2:05 PM
Everyone knows the drill: small originators sell loans to mid-tier investors such as AmTrust or Franklin American, who in turn sell their loans to com...
Thu, Oct 1 2009, 1:22 PM
As the third quarter ended yesterday, mortgage rates were unchanged as prices of mortgage backed securities held to the recent range. Since MBS rall...
Mon, Sep 28 2009, 11:27 AM
Despite mixed economic reports last week, mortgage rates held near four month lows as prices of mortgage-backed securities approached four month highs...
Mon, Sep 28 2009, 9:24 AM
Markets are looking optimistic this morning ahead of an insanely busy week. Monday begins slowly with no major macroeconomic data on the schedule, but...
Mon, Sep 28 2009, 5:48 PM
Out here in California, some in the business have been following the case of 28-yr old Garret Gililland III. Originally from the Sacramento area, he w...
Fri, Sep 18 2009, 1:43 PM
The type of positive economic headlines seen yesterday would normally lead to lower bond prices and higher mortgage rates, but that turned out to be f...
Thu, Sep 17 2009, 12:54 PM
Mixed housing and labor reports caused equity markets to flounder on Thursday morning. Early gains were given up, and after a second climb appeared to...
Thu, Sep 17 2009, 9:43 AM
The total number of housing starts came in at 598k, just 2k below the consensus forecast. But, rather than being driven by single-family starts, the n...
Thu, Sep 17 2009, 8:08 AM
Equity futures are pointing up this morning as investors hope to keep the rally going for a fourth straight day. Since Monday the S&P 500 has gained 3...
Thu, Sep 17 2009, 1:19 PM
Freddie Mac's Primary Mortgage Market Survey for the week ended September 17 reported the third consecutive week of lower rates for fixed rate mortgag...
Thu, Sep 17 2009, 1:12 PM
It was a bumpy ride in the mortgage backed security market yesterday. At the open, MBS moved considerably higher and lenders that issued rate sheets ...
Mon, Sep 14 2009, 12:59 PM
Mortgage rates continue to hold below 5% despite some better than expected economic data last week. As a general rule, better than expected economi...
Mon, Sep 14 2009, 8:34 AM
The week begins on a light note with no major data scheduled for release. However, one week ahead of the Federal Reserve’s Open Market Committee meeti...
Tue, Sep 1 2009, 8:30 AM
Regional reports from around the country have indicated that manufacturing conditions were improving in August, leading analysts to believe that today...
Tue, Sep 1 2009, 1:34 PM
Stock markets opened lower on Tuesday morning, jumped more than 1% on mostly positive data thirty minutes into the session, but in a complete reversal...
Tue, Sep 1 2009, 1:16 PM
Many mortgage lenders began yesterday with a conservative rates strategy after ealy weakness in the mortgage backed securities market. But as the day ...
Mon, Aug 31 2009, 11:36 AM
Even though price action in the secondary market was choppy and economic reports were better than expected, conventional 30 year par mortgage rates he...
Mon, Aug 31 2009, 8:47 AM
Optimism that the economy is recovering in the third quarter has allowed the benchmark S&P 500 to rebound by 52% since early March, but in the past we...
Thu, Aug 20 2009, 8:07 AM
A hefty 4.5% gain in China’s Shanghai stock index led to optimism in European markets today and now, before the open, US equity futures are looking hi...
Tue, Aug 18 2009, 12:47 PM
News hasn’t been stellar this morning but markets are nonetheless recovering from the global sell-off yesterday. Three hours into the session, the S&P...
Tue, Aug 18 2009, 12:44 PM
Following a global sell in equities yesterday, prices of mortgage backed securities rose into a range not visited since late July. The rally in second...
Tue, Aug 18 2009, 9:34 AM
A downturn in housing starts and building permits wasn’t what markets were expecting, but given how well the index had performed in the prior two mont...
Tue, Aug 18 2009, 8:23 AM
Yesterday’s global sell-off caused the S&P 500 to lose 2.43% in a single day, its worst performance in six weeks. Thankfully, US markets are looking u...
Mon, Aug 17 2009, 8:34 AM
After halting four weekly advances in the stock market on Friday, investors are rapidly extending market losses in pre-session trading Monday morning....
Mon, Aug 3 2009, 12:04 PM
The S&P 500 began August by touching the 1,000 mark for the first time since early November. Led by an unexpected gain in construction spending and a ...
Mon, Aug 3 2009, 11:58 AM
Last week mortgage rates were up, then they were down, then they were up, then on Friday they finally moved under 5% again. Following a successful auc...
Mon, Aug 3 2009, 8:12 AM
This week is a busy one for the macroeconomy as markets and analysts will receive some of the first major indicators of how the nation is faring at th...
Wed, Jul 29 2009, 11:59 AM
The roller coaster theme of recent weeks continues. Yesterday mortgage backed securities were unable to hold onto impressive early morning gains follo...
Mon, Jul 27 2009, 11:58 AM
Markets jumped in the minutes after the New Home Sales report posted its biggest one-month leap in eight year, as of noon in Monday’s session all thr...
Mon, Jul 27 2009, 10:46 AM
The morning began with great news for the housing market. Sales of new single-family homes shot up 11% in June ― the biggest one-month jump in eight y...
Thu, Jul 23 2009, 11:46 AM
First-time homebuyers and the sales of distressed properties helped drive the pace of Existing Home Sales up for the third consecutive month in June. ...
Fri, Jul 17 2009, 12:43 PM
Mortgage backed securities managed to stabilize yesterday
and recapture most of the losses over the previous couple of
days. This improvement ...
Fri, Jul 17 2009, 11:47 AM
Markets are in the red on Friday as investors snatch profits after four days of rapid gains. Earnings reports from Citigroup and Bank of America were ...
Fri, Jul 17 2009, 9:33 AM
A housing construction report indicated higher levels of activity than the range of forecasts, but that had more to do with revisions to the previous ...
Mon, Jul 13 2009, 12:59 PM
Last week, progress was made in the mortgage market as Treasuries rallied and prices of mortgage backed securities moved higher. By week's end "rate s...
Wed, Jul 1 2009, 12:02 PM
Wed, Jul 1 2009, 10:53 AM
Three data releases at 10:00 failed to sing in tune with each other. A key indicator of output showed some improvement but is still contracting overal...
Mon, Jun 29 2009, 11:29 AM
Mon, Jun 29 2009, 8:17 AM
Wed, Jun 17 2009, 8:38 AM
Tue, Jun 16 2009, 9:22 AM
Tue, Jun 16 2009, 8:49 AM
Mon, Jun 15 2009, 7:15 AM
Tue, Jun 2 2009, 12:03 PM
Mon, Jun 1 2009, 11:45 AM
Tue, May 19 2009, 12:00 PM
Tue, May 19 2009, 10:34 AM
