Wed, May 16 2018, 12:51 PM
Improving loan performance doesn't make headlines any longer, but worth noting that the improvement is still good news. The Mortgage Bankers Associati...
Wed, May 16 2018, 10:52 AM
The leading construction indicators performed generally as analysts had predicted in April, stepping back from March's solid increases in both permits...
Wed, May 16 2018, 9:30 AM
Today is starting out with just a hint of green on the screens. While that's certainly much better than the alternative (some historical examples see...
Wed, May 16 2018, 9:18 AM
Mortgage activity slowed again last week. The Mortgage Bankers Association said its Market Composite Index, which measures the volume of mortgage loan...
Wed, May 16 2018, 9:10 AM
What does a chief operating officer do, and how much do they make? For builders, the role is vague but is often the #2 person at the company. COO comp...
Tue, May 15 2018, 5:06 PM
July 8, 2011. That's how far you'd have to go back to see higher 10yr yields than we saw today. At their worst, they were at 3.0945% . At the clos...
Tue, May 15 2018, 4:02 PM
Mortgage rates spiked in a big way today, bringing some lenders to the highest levels in nearly 7 years (you'd need to go back to July 2011 to see wor...
Tue, May 15 2018, 10:37 AM
The National Association of Home Builders (NAHB) and Wells Fargo said on Tuesday that builder confidence in the new home market ticked up two points o...
Tue, May 15 2018, 9:51 AM
I hate clickbait with a passion. Today's title might sound like clickbait. Do I really expect you to believe that there have only been 4 days like t...
Tue, May 15 2018, 9:12 AM
Legal eagles out there are buzzing about PHH deciding not to appeal the U.S. Court of Appeals for D.C.’s January decision in its CFPB challenge. Recal...
Mon, May 14 2018, 4:29 PM
Low volume and lighter-than-normal liquidity left US bond markets more impressionable than normal today. Or perhaps it IS normal given that it's a ...
Mon, May 14 2018, 4:00 PM
Mortgage rates were sideways to slightly higher today, and that's actually a strong showing considering what transpired in underlying bond markets. In...
Mon, May 14 2018, 11:58 AM
Not only did the pace of home price increases quicken nationally during the first quarter of 2018, but the National Association of Realtors® (NAR) sai...
Mon, May 14 2018, 9:19 AM
This week's economic calendar is generally on the quiet side with Retail Sales being the only upper-echelon report in terms of its potential impact ...
Mon, May 14 2018, 9:10 AM
“Forward” lenders can’t ignore that 10,000 people a day in the U.S. turn 62. Of course, not every one owns a home, or has appreciation – but many do. ...
Fri, May 11 2018, 6:47 PM
I'm going to write at you from an analytical standpoint for a moment. Sorry, I just have to vent. Today was completely forgettable. In fact, the pa...
Fri, May 11 2018, 6:19 PM
Mortgage rates had a pretty good day yesterday, but weren't able to extend that winning streak today--at least not in any significant way. The unwilli...
Fri, May 11 2018, 9:12 AM
HMDA data tells us that California accounted for 21% of residential loan volume in 2017, and 23% in ’16. It’s a big market. Thus, the industry is foll...
Fri, May 11 2018, 8:34 AM
Are rates in the process of confirming a top or are they simply in some sort of consolidation period before continuing higher to the scarier level...
Thu, May 10 2018, 4:32 PM
With two big-ticket events on tap for bond markets today, there was always a chance that they'd go our way and that we'd see some decent gains as a ...
Thu, May 10 2018, 4:21 PM
Applications for new home purchase mortgages slowed significantly in April when compared to March the Mortgage Bankers Association (MBA) said on Thurs...
Thu, May 10 2018, 4:05 PM
Mortgage rates bounced back today, following a weaker-than-expected report on inflation and a relatively strong 30yr bond auction. Rising inflation me...
Thu, May 10 2018, 9:40 AM
Today begins with a modestly weaker CPI (consumer price index) report generating an impressive surge in volume. In fact, the volume in the minute fol...
Thu, May 10 2018, 9:16 AM
Amazon, Google , Apple, Uber (largest food delivery system in the world) taking over the world? Perhaps, especially if we’re willing to give it to the...
Wed, May 9 2018, 7:11 PM
Today's key event for bonds was the 10yr Treasury auction because it served as an acid test for investor demand amid relatively uncertain times. Un...
Wed, May 9 2018, 3:55 PM
Mortgage rates moved higher today as bond markets braced for impact from several upcoming events. Bonds dictate rates, and as investor demand for bond...
Wed, May 9 2018, 11:42 AM
Two Texas civil rights groups and the National Fair Housing Alliance are suing the Trump Administration over enforcement of the Fair Housing Act. The ...
Wed, May 9 2018, 9:36 AM
Most of April had been bad for bonds. It was like the beginning of yet another storm in a series that had battered the fixed-income coastline since l...
Wed, May 9 2018, 9:26 AM
Five out of the six components of Fannie Mae's Home Purchase Sentiment Index (HPSI) gained ground in April, driving the index to a new all-time high ....
Wed, May 9 2018, 9:11 AM
Psst… want a snapshot file that contains the national HMDA datasets as of April 18th, 2018 for all HMDA reporters, as modified by the Bureau to protec...
Wed, May 9 2018, 8:58 AM
On one hand it could be said that mortgage application volume declined last week for the third straight week. Or, one could conclude that the changes ...
Tue, May 8 2018, 5:30 PM
2.95% in 10yr Treasury yields had become a bit of a battleground last week. Even in the week prior, there were two big bounces there (3 if you coun...
Tue, May 8 2018, 4:40 PM
Mortgage rates are still technically in a sideways holding pattern, but today's move took them slightly higher inside their recent range. The average ...
Tue, May 8 2018, 4:32 PM
The Mortgage Credit Availability Index (MCAI), a measure developed by the Mortgage Bankers Association (MBA), was unchanged in April at 177.9. The Ind...
Tue, May 8 2018, 10:54 AM
Home owners who have needed help from someone in the trades in the recent past will probably agree with a report from the National Association of Home...
Tue, May 8 2018, 9:16 AM
Yesterday's recap labeled the trading day as an official 3rd day of the weekend due to an absence of volume or volatility. The underlying culprit (ap...
Tue, May 8 2018, 9:09 AM
Air travel is an interesting thing, and very safe by most metrics. Did you know that there are between 440,000 and 660,000 people in the air over the ...
Mon, May 7 2018, 4:36 PM
This happens from time to time on Mondays. Either due to a holiday overseas or some other distraction, a data-free Monday ends up being a complete du...
Mon, May 7 2018, 4:14 PM
Mortgage rates have been exceptionally sideways for nearly 2 weeks now--this after hitting the highest levels in more than 4 years on April 25th. As a...
Mon, May 7 2018, 11:59 AM
The month of March nearly always sees a significant decline in the national delinquency rate. The average March decrease during this century has been ...
Mon, May 7 2018, 9:33 AM
Longer-term rates have been in a bit of a holding pattern after deciding not to smash through the highest levels in more than 4 years at the end of Ap...
Mon, May 7 2018, 9:13 AM
Nearly every residential lender is selectively scaling back, or rumored to be scaling back, for a multitude of reasons. Suddenly a company cutting a L...
Fri, May 4 2018, 7:02 PM
After the week's biggest dose of intraday volatility this morning, rates ended up almost perfectly unchanged. Charts suggest an uncommonly high amo...
Fri, May 4 2018, 6:38 PM
Mortgage rates were sideways today, on average, but only after the dust settled on some morning volatility. The big jobs report was released at 8:30am...
Fri, May 4 2018, 9:46 AM
With modest gains intact this morning (even after NFP), we're finally in a position to say that all hope may not officially be lost for bonds. That w...
Fri, May 4 2018, 9:35 AM
May the 4 th be with you! The force is with the US Treasury Department as it prepares to take steps to cover a rapidly growing deficit. The government...
Thu, May 3 2018, 4:38 PM
With the 2.95% level in 10yr yields being the most important pivot point for bonds at the moment, drifting sideways to close out the day around 2.94...
Thu, May 3 2018, 3:46 PM
Consumers are increasingly tuning in to the topic of rising home prices in their communities. The National Association of Home Builders (NAHB) said pr...
Thu, May 3 2018, 3:25 PM
Mortgage rates bounced back today--that is, they bounced back DOWN after rising slightly yesterday. The improvement came courtesy of strength in Europ...
Thu, May 3 2018, 1:08 PM
Both government sponsored enterprises (GSEs) reported strong earnings in the first quarter of 2018. In separate announcements this week Freddie Mac sa...
