Thu, Sep 24 2009, 8:13 AM
The sharp sell-off in yesterday’s final hour hurt investor sentiment around the globe and contributed to general uncertainty about near-term prospects...
Thu, Sep 24 2009, 1:56 PM
All three equity indexes have extended yesterday’s late day weakness into today. After a modest open, the S&P is trading near the lows of the day, dow...
Mon, Sep 21 2009, 8:30 AM
Equity markets across the globe are in sell-mode this morning, leading the US futures market to point to a lower opening while the US dollar is showin...
Mon, Sep 21 2009, 1:23 PM
It was an up and down week for mortgage backed securities last week. Despite better than expected economic data, MBS didn’t give up too much ground ...
Thu, Sep 3 2009, 4:57 PM
According to Freddie Mac's Primary Mortgage Market Survey for the week ended September 3, most mortgage rates declined from the week before. Fannie M...
Wed, Sep 2 2009, 8:15 AM
Equity futures are pointing slightly higher this morning, but the gains are far from comforting considering the S&P 500 slid 2.2% yesterday, led by 5....
Tue, Sep 1 2009, 11:15 AM
A key housing report that anticipates future sales posted its sixth straight monthly gain in July. The Pending Home Sales Index jumped 3.2% in the mon...
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, 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...
Fri, Aug 28 2009, 1:49 PM
Instead of asking if we are stealing from future demand, maybe the better question is will there be any future demand? If you agree with ex-FHFA regul...
Thu, Aug 27 2009, 4:37 PM
Rates remained close to the summertime lows achieved during the previous week according to information released this morning by Freddie Mac. Both lon...
Wed, Aug 26 2009, 12:35 PM
Three economic reports this morning have confirmed that there are pockets of strength in the US economy, but markets are having none of it. Equities w...
Wed, Aug 26 2009, 11:41 AM
Mortgages rates made modest improvements after prices mortgage backed securities managed to rally for a second straight day yesterday. Although MBS pr...
Wed, Aug 26 2009, 10:51 AM
Data suggesting that the economy is experiencing a broad-based rebound continues to pile in this week, most recently in the housing market. New Home S...
Wed, Aug 26 2009, 8:19 AM
Investor sentiment is cautious ahead of the Durable Goods release at 8:30 and the New Home Sales report at 10:00. Equity futures are looking slightly ...
Tue, Aug 25 2009, 9:42 AM
A bill currently before the House Ways and Means Committee would both extend the $8000 tax credit offered to first-time homebuyers beyond its current ...
Tue, Aug 25 2009, 8:19 AM
The big headline this morning is that President Obama plans to keep Ben Bernanke as chairman of the Federal Reserve. “Mr. Obama's decision had become ...
Mon, Aug 24 2009, 12:46 PM
With Japan’s Nikkei index posting its biggest one-day gain in more than three months, US equities opened higher on Monday and then extended those gain...
Mon, Aug 24 2009, 10:52 AM
After bouncing around a wide range last week, prices of mortgage backed securities returned to Monday's opening levels on Friday, forcing lenders to i...
Mon, Aug 24 2009, 8:38 AM
The week is beginning on a global wave of optimism with equities across Asia climbing, partly in response to Friday’s US existing home sales report, w...
Fri, Aug 21 2009, 12:57 PM
Mortgage rates continue to hold steady in a range near two month lows. Despite some selling pressure after stronger than expected morning data yeste...
Fri, Aug 21 2009, 11:17 AM
Great news for the housing market gave equities a nice boost to a week of up and downs. Sales of Existing Homes in July soared by 7.2% in the month, p...
Fri, Aug 21 2009, 8:26 AM
Investor sentiment is positive as markets anticipate real estate data and a speech from Federal Reserve chairman Ben Bernanke. News from overseas has ...
Fri, Aug 21 2009, 1:30 PM
Equity markets are closing the week on an optimistic note as modest gains were extended after housing data bolstered sentiment and the Federal Reserve...
Wed, Aug 19 2009, 8:21 AM
There was nothing but good news in the Weekly Mortgage Applications Survey this morning. Average rates for a 30-year mortgage fell 23 basis points to ...
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...
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 17 2009, 3:57 PM
Builder confidence in the market for newly built, single-family homes rose one point in August to its highest level in more than a year, according to ...
Tue, Aug 11 2009, 3:47 PM
The second quarter 2009 report was released on Tuesday. It reported that, while home prices have continued to fall for the 10th quarter in a row, the...
Thu, Aug 6 2009, 1:53 PM
After two weeks of modest increases, mortgage rates drifted down during the week ended August 6 according to results of Freddie Mac's Primary Mortgage...
Wed, Aug 5 2009, 8:20 AM
National mortgage rates moderated in the week ending July 31, spurring demand for new loans after a slump in the previous week, according to a weekly ...
Tue, Aug 4 2009, 12:33 PM
Following better than expected manufacturing data, domestically and abroad, Treasuries and Mortgage Backed Securities sold off yesterday, returning al...
Tue, Aug 4 2009, 11:05 AM
Pending Home Sales were expected to advance for the fifth straight month in June, but the gain was supposed to be meager. Instead, sales jumped 3.6% i...
Tue, Aug 4 2009, 8:25 AM
With the S&P 500 improving 1.5% yesterday, Sal Guatieri from BMO Capital Markets noted that the index has seen its best five-month performance since 1...
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...
Fri, Jul 31 2009, 6:36 PM
A combination of better and simpler disclosures from lenders, combined with the assurance of complete and accurate information from borrowers, would g...
Thu, Jul 30 2009, 2:29 PM
Mortgages rates rose across the board during the most recent week according to data released by both Fannie Mae and Freddie Mac. Freddie Mac's vice p...
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...
Tue, Jul 28 2009, 12:52 PM
Reports from fellow mortgage professionals are indicating that mortgage rates are improved this morning. The par 30 year conventional rate mortgage i...
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...
Mon, Jul 27 2009, 8:06 AM
Housing data and Treasury auctions totaling $115 billion dominate the calendar between Monday and Thursday, but the big news this week will be the fir...
Fri, Jul 24 2009, 11:02 AM
In what has become a common occurrence of late, mortgage rates failed to hold below 5%. Following a sizeable rally earlier in the week, mortgage back...
Thu, Jul 23 2009, 12:18 PM
Mortgage rates ticked lower yesterday after mortgage backed securities rallied on Tuesday. However, yesterday weakness in fixed income began to snowba...
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. ...
Wed, Jul 22 2009, 11:09 AM
Mortgage backed securities and treasuries went on quite a rally yesterday following Ben Bernanke’s first day of testimony on Capitol Hill. After open...
Mon, Jul 20 2009, 12:41 PM
Last week proved to be tough for mortgage backed securities. Many mortgage professionals and consumers alike cheered as rates opened Monday at 4.875%...
Wed, Jul 15 2009, 12:36 PM
Freddie Mac made several "Best Practices" recommendations for selecting appraisers and reviewing their products. One of these contained the statement...
