Wed, Aug 7 2019, 5:13 PM
Mortgage rates have had a great week. Although rates are slightly higher today versus yesterday, they're still exceptionally close to the lowest level...
Wed, Aug 7 2019, 10:24 AM
CoreLogic has been running a series of articles in its Insights blog attempting to quantify the potential impact of the expiration of the so-called GS...
Wed, Aug 7 2019, 10:13 AM
In the day just passed, bonds held their ground after overnight weakness and eventually moved back into positive territory. That happened in spite of...
Wed, Aug 7 2019, 9:24 AM
For me the first three weeks in August includes time in California, Washington, Nevada, Tennessee, and Michigan. Did you know that roughly 80% of new ...
Wed, Aug 7 2019, 8:15 AM
CoreLogic said on Tuesday that its Home Price Index (HPI) for June increased by 3.4 percent on an annual basis. Rather than the steady decline in appr...
Wed, Aug 7 2019, 8:08 AM
A sharp drop in mortgage rates helped the Market Composite Index break a 5-time losing streak during the week ended August 2. The Mortgage Bankers Ass...
Tue, Aug 6 2019, 6:55 PM
MBS lost 10 ticks today while 10yr Notes gained 1 tick. Times like this are uncommon, but they do happen. The perfect storm required for such things...
Tue, Aug 6 2019, 6:03 PM
Mortgage rates hit their lowest levels since November 2016 late last week and they've proceeded to set a new long-term low each day since then. Today ...
Tue, Aug 6 2019, 9:57 AM
Doug Duncan, Fannie Mae's chief economist, says homebuyers need to do more shopping around before they settle on a mortgage lender. Results from a rec...
Tue, Aug 6 2019, 9:50 AM
In the day just passed, the bond market spent a 3rd straight day collecting treasure. For our purposes, "treasure" refers to the newfound, unexpected...
Tue, Aug 6 2019, 9:00 AM
With this downward move in rates lenders across the nation are girding their loins for margin calls from broker/dealers on mortgage-backed security po...
Mon, Aug 5 2019, 4:52 PM
From 2010 on, the point about the interconnectedness of global financial markets has increasingly been driven home. It was a fun time for me, analyt...
Mon, Aug 5 2019, 3:58 PM
Mortgage rates were already in great shape on Friday after having fallen to the lowest levels since November 2016. Rather than draw inspiration from t...
Mon, Aug 5 2019, 10:01 AM
In the week just passed, bonds set out to react to the Fed announcement and a slew of important domestic economic data. While all of the above exerte...
Mon, Aug 5 2019, 9:01 AM
Black Knight has good news for potential homebuyers , especially those in the market for their first home. The new edition of the company's Mortgage M...
Mon, Aug 5 2019, 8:39 AM
Blame mental health. Blame gun control. Blame “the system” or background check procedures. There’s plenty of blame to go around when it comes to the t...
Mon, Aug 5 2019, 8:19 AM
Even as homebuilders and affordable housing advocates are pointing to the need for changes in local regulations to reduce housing costs, homebuyers an...
Fri, Aug 2 2019, 8:00 PM
To be fair, after rates fall as much as they fell yesterday (let's specify: the rates implied by bond markets, not necessarily actual mortgage rates),...
Fri, Aug 2 2019, 7:02 PM
Mortgage rates fell again on Friday as lenders finally saw recent bond market gains stabilize enough to act on. In other words, lenders don't always k...
Fri, Aug 2 2019, 12:33 PM
Several weeks ago we summarized CoreLogic's first cut at quantifying the potential effects of the planned expiration of the Consumer Financial Protect...
Fri, Aug 2 2019, 8:31 AM
In the day just passed, bonds successfully stormed the castle, assuming the castle refers to 10yr yields with a "1" in front. At first inspiration ca...
Thu, Aug 1 2019, 4:17 PM
Construction spending in June missed matching the May level by 1.3 percent. Total spending by both public and private sources was at a seasonally adju...
Thu, Aug 1 2019, 4:15 PM
Both of the government sponsored enterprises (GSEs) released second-quarter financial results this week. Each had, to varying degrees, better outcomes...
Thu, Aug 1 2019, 4:07 PM
The Department of Housing and Urban Development (HUD) is reducing the amount of equity that can be withdrawn from a home using either a Federal Housin...
Thu, Aug 1 2019, 4:07 PM
The world may never know if today's Trump tweets have anything at all to do with his stance on the Fed's fund rate, but one things for sure: they were...
Thu, Aug 1 2019, 3:06 PM
Mortgage rates fell today, but by how much depends on the lender! This runs contrary to the average news story which contains some reference to rates ...
Thu, Aug 1 2019, 9:57 AM
Well, we sailed through another perfectly good month, and many lenders had a superb July funding month. And there is great optimism about August’s num...
Thu, Aug 1 2019, 9:26 AM
In the day just passed, bonds didn't move a ton in the bigger picture but endured an hour of whipsaw volatility surrounding the Fed announcement and p...
Wed, Jul 31 2019, 7:58 PM
The Fed Announcement and press conference may not have left bonds in hugely different territory today, but the 2pm-3pm hour was one of the wildest 60 ...
Wed, Jul 31 2019, 6:27 PM
Mortgage rates were mostly unchanged today, which will come as a surprise to scores of consumers who mistakenly believe the Fed's 0.25% rate cut equat...
Wed, Jul 31 2019, 2:03 PM
Information received since the Federal Open Market Committee met in May June indicates that the labor market remains strong and that economic activ...
Wed, Jul 31 2019, 10:55 AM
The housing market has been looking slightly better over the last few month and Freddie Mac July economic report reflects that fact. They also maintai...
Wed, Jul 31 2019, 8:54 AM
In the day just passed, bonds put in one more day of slow, illiquid summertime trading. Granted, volumes were slightly better than the previous sessi...
Wed, Jul 31 2019, 8:18 AM
Large investors often shy away from monies that are not in the mainstream banking sector. (Accounts in cryptocurrency jump to mind.) Can you blame the...
Wed, Jul 31 2019, 8:09 AM
Mortgage application activity declined for the fifth consecutive period during the week ended July 26. The Mortgage Bankers Association (MBA) said its...
Tue, Jul 30 2019, 5:09 PM
Today had all the trappings of a return to some semblance of volume and volatility for what has otherwise been sleepy summertime bond trading patterns...
Tue, Jul 30 2019, 4:48 PM
Mortgage rates haven't moved much this week, or last week, or the week before that. In fact, for the average prospective borrower, there haven't been ...
Tue, Jul 30 2019, 10:52 AM
In the day just passed, bonds drifted through one of those characteristic summertime Mondays without any meaningful liquidity, volume, or volatility. ...
Tue, Jul 30 2019, 10:50 AM
Pending home sales put in an especially strong performance in June , the second consecutive positive report as well as the fourth in five months. The ...
Tue, Jul 30 2019, 10:07 AM
The rate of appreciation in home prices slipped again in May according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. The metric, w...
Tue, Jul 30 2019, 9:31 AM
Who’s in your wallet? How about 33-year-old Paige Thompson? Working for Capital One’s “cloud company,” she is accused of hacking into more than 100 mi...
Tue, Jul 30 2019, 8:09 AM
Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 5.3 percent in June, a bit slower than the 7.5 per...
Mon, Jul 29 2019, 4:43 PM
If you recall the analysis from a few days ago that called attention to the lowest daily trading volumes in Treasury futures in months, it's worth not...
Mon, Jul 29 2019, 4:21 PM
Mortgage rates moved back down , albeit just slightly, into last week's range. They'd risen for 2 straight days by Friday, and today's improvement lea...
Mon, Jul 29 2019, 11:55 AM
Remember the Equifax data breach? Maybe not, because it came hard on the heels of the Target data breach, and the one at Home Depot, and so on and on....
Mon, Jul 29 2019, 10:45 AM
In the week just passed, bonds held a fairly narrow range with 10yr yields capped by a 2.10% ceiling. On the stronger side, they were generally unabl...
Mon, Jul 29 2019, 8:57 AM
As the residential lending industry continues to buzz about the CFPB addressing the definition of a Qualified Mortgage , with proponents hoping that t...
Fri, Jul 26 2019, 5:12 PM
Bonds began the day with intensely sideways momentum intact. That was the case all the way back to the 10am ET hour yesterday after yields rose in re...
Fri, Jul 26 2019, 3:54 PM
Mortgage rates edged just slightly higher today for the average lender, marking the 2nd day of weakness this week. In terms of the underlying bond mar...
Fri, Jul 26 2019, 11:44 AM
The Consumer Financial Protection Bureau (CFPB) has issued an Advance Notice of Proposed Rulemaking (ANPR) regarding the expiration of the so-called G...
