Wed, Jan 22 2020, 9:51 AM
You know things are bad when I resort to invoking Kierkegaard in bond market commentary, but that's what it's come to. Our quest to observe something...
Wed, Jan 22 2020, 9:08 AM
What does $4.6 billion dollars buy you these days? A couple casinos: a Blackstone-sponsored JV is paying that for MGM Grand and Mandalay Bay in Las Ve...
Wed, Jan 22 2020, 8:18 AM
In its first economic forecast of 2020, Fannie Mae's Economic and Strategic Research (ESR) Group is doubling down on its late 2019 predictions. The ec...
Wed, Jan 22 2020, 8:04 AM
The volume of mortgage applications submitted during the week ended January 17 slowed after a strong performance - a 30.2 percent increase - the prior...
Tue, Jan 21 2020, 5:08 PM
Mortgage rates dropped to begin the holiday-shortened week as markets expressed a bit of panic over the coronavirus outbreak in China. This is similar...
Tue, Jan 21 2020, 12:10 PM
The share of adults who told the National Association of Home Builders (NAHB) they were considering a home purchase in the next year has now fallen ye...
Tue, Jan 21 2020, 10:22 AM
In addition to being a 4-day trading week due to yesterday's holiday, there's also a general lack of big-ticket economic data on tap. In fact, there ...
Tue, Jan 21 2020, 9:03 AM
Everyone is aging, right? “I finally did it! I bought a new pair of shoes with memory foam insoles. No more forgetting why I walked into the kitchen!”...
Fri, Jan 17 2020, 7:16 PM
We've seen a whole lot more movement in the bond market for a whole lot less motivation than we had this week. Back to back econ data shockers (Phill...
Fri, Jan 17 2020, 6:48 PM
Mortgage rates moved slightly higher over the past two days as strong economic data and corporate earnings coaxed investors into riskier assets like s...
Fri, Jan 17 2020, 10:47 AM
Sometimes the market moves in clear response to a headline event or the scheduled release of an economic report. We have clear examples of this recen...
Fri, Jan 17 2020, 10:30 AM
While permits fell from the previous month, the U.S. Census Bureau and the Department of Housing and Urban Development said December was another excep...
Fri, Jan 17 2020, 9:22 AM
I’ve gotta hand it to those writers who put out listings for real estate agents. Maybe if I had a bunch of money I could live in a “secluded retreat” ...
Thu, Jan 16 2020, 10:33 AM
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) settled back a bit after its 5-point surge in December took it...
Thu, Jan 16 2020, 9:07 AM
Bonds continue to be well-contained by the prevailing consolidation range--a series of higher lows and static highs that's been in place in its curren...
Thu, Jan 16 2020, 8:55 AM
For folks who like numbers and trends, according to the U.S. Census Bureau’s national and state population estimates released in December, 42 states a...
Wed, Jan 15 2020, 3:42 PM
Today marked a rare mid-week "total dud" in terms of bond market momentum developments. This was made all the more striking by the fact that bonds ce...
Wed, Jan 15 2020, 2:37 PM
Mortgage rates improved modestly today, adding to yesterday's slightly less compelling improvement. Taken together, they keep an air of calm and stead...
Wed, Jan 15 2020, 10:36 AM
The National Association of Realtors® (NAR) has uncovered another downside to the increasing lack of housing affordability in the U.S. A new study fou...
Wed, Jan 15 2020, 10:08 AM
U.S. military veterans and active duty personnel who buy or refinance a home in 2020 will have more buying power if they use a VA loan. They will also...
Wed, Jan 15 2020, 9:17 AM
Bonds have been able to put in a few days with moderate movement both higher and lower in yield, but have generally been holding inside a range that i...
Wed, Jan 15 2020, 9:07 AM
We find ourselves at Wednesday already. How about some numbers for Hump Day? Years ago Arnold Schwarzenegger famously said, “Having more money doesn't...
Wed, Jan 15 2020, 8:12 AM
Mortgage application activity exploded out of the starting gate during the first full week of 2020 . The Mortgage Bankers Association's (MBA) said its...
Tue, Jan 14 2020, 3:38 PM
Builders are struggling to construct homes that are affordable to a greater number of buyers, especially those on the entry level, and they are findin...
Tue, Jan 14 2020, 9:51 AM
More often than not during the past few months, a quick glance at the MBS Live dashboard reveals that MBS are making better gains than Treasuries. Is...
Tue, Jan 14 2020, 9:00 AM
There are some clever people out there creating abbreviations and acronyms. Megxit? Yes: Prince Harry and Meghan Markle exiting from certain royal dut...
Mon, Jan 13 2020, 5:32 PM
Mortgage rates didn't do much today, and that's good enough news considering the average lender is closer to the lower end of the rate range since ear...
Mon, Jan 13 2020, 1:36 PM
CoreLogic is continuing its analysis of the potential impact of the January 2021 expiration of the so-called "GSE Patch." Under the Consumer Financial...
Mon, Jan 13 2020, 10:10 AM
Rather than serve to accelerate or crush the negative bond market momentum building at the end of 2019, 2020 has only compounded the broader sideways ...
Mon, Jan 13 2020, 9:03 AM
Lenders, and all financial sector firms, continue to ruminate on the privacy law in California that now gives people the right to access and delete pe...
Fri, Jan 10 2020, 6:43 PM
Mortgage rates had been moving higher over the past few days. The average lender was at the highest levels of the month as of yesterday morning, but t...
Fri, Jan 10 2020, 2:24 PM
After the housing crash and as the recovery began home builders ratcheted up the size of the homes they were building because the profit margin was hi...
Fri, Jan 10 2020, 10:02 AM
With NFP coming out just slightly weaker than expected and the bond market not undergoing much of a reaction in either direction, the rest of the day ...
Fri, Jan 10 2020, 8:52 AM
Markets have taken the view that brief military conflicts have little long-term impact on economic trends. Gold, oil and the Japanese yen jumped after...
Thu, Jan 9 2020, 5:26 PM
Do you like it when MBS outperform? How about when they underperform?
Are you a fan of bond market gains? Or do you prefer losses?
Would you l...
Thu, Jan 9 2020, 4:38 PM
Mortgage rates moved higher more definitively today after as lenders had a chance to match their offerings to underlying bond markets. Markets themsel...
Thu, Jan 9 2020, 10:52 AM
Results of a survey by the National Association of Realtors (NAR) released today echo the findings from the most recent National Housing Survey (NHS) ...
Thu, Jan 9 2020, 9:09 AM
The bond market and many other markets are still in the process of retracing the steps they took to price-in the risk of a new war in the Middle East....
Thu, Jan 9 2020, 8:52 AM
Nobody, that I recall, predicted that 2019 would be a banner year for mortgage originators. And how about that stock market! My 401k’s balance certain...
Wed, Jan 8 2020, 4:46 PM
Top and bottom line: war is good for bonds/rates. The risk of war had increased after last week's US attack on the Iranian general and flared furthe...
Wed, Jan 8 2020, 3:06 PM
Mortgage rates moved higher today after spending several recent days in line with the lowest levels in more than a month. Underlying bond markets have...
Wed, Jan 8 2020, 9:37 AM
The pace of home price increases picked up in November, increasing by 3.7 percent on a year-over-year basis, up from 3.5 percent in October . CoreLogi...
Wed, Jan 8 2020, 9:06 AM
Hey, I want to buy my own house without the “nuisances” of a large down payment, difficult credit standards, massive debt, or long-term commitments. O...
Wed, Jan 8 2020, 9:01 AM
Last night was intense to say the least. Bonds surged to the best levels in more than a month, and were close to the best levels in nearly 3 months a...
Wed, Jan 8 2020, 8:17 AM
Fannie Mae's Home Purchase Sentiment Index (HPSI) finished out the year with little change from November to December, but with a strong increase over ...
Wed, Jan 8 2020, 8:10 AM
The Mortgage Banker Association's (MBA's) offices were closed over the two-week holiday period. The data in this week's report on mortgage application...
Tue, Jan 7 2020, 4:21 PM
Treasuries were modestly weaker today, while MBS outperformed by holding mostly steady. That keeps the bond market well within its recent range as we...
Tue, Jan 7 2020, 3:40 PM
Mortgage rates held steady today, keeping them in line with their lowest levels in more than a month. That's the good news. There's really not any bad...
Tue, Jan 7 2020, 12:06 PM
While housing starts have picked up in recent months, the lack of new construction has been called a crisis by Freddie Mac , state and federal policym...
Tue, Jan 7 2020, 9:55 AM
Heading into the end of 2019, the easiest way to look at the bond market was through the lense of "consolidation." In other words, the trading range ...
