Tue, Apr 10 2018, 11:15 AM
In the company's loan performance report for January, Frank Martell, CoreLogic's president and CEO said, "Except for the metropolitan areas affected b...
Tue, Apr 10 2018, 9:19 AM
Although today's 8:30am data has the trigger phrase "price index," it's not the price index you're looking for. That will come tomorrow in the form o...
Tue, Apr 10 2018, 9:08 AM
Plenty of folks are moving to Florida, where I am today for a VA Conference. Do property taxes matter? Sure they do. Enough to move to an entirely dif...
Mon, Apr 9 2018, 5:04 PM
Without any major events or data on the econ calendar, it was a calm and relatively inconsequential day for bond markets. Yields stayed (mostly) in...
Mon, Apr 9 2018, 4:40 PM
Mortgage rates were steady to slightly higher to begin the new week, depending on the lender. Even in cases where rates rose, the increase was modest ...
Mon, Apr 9 2018, 12:12 PM
If you think the stock market has been volatile, you might consider a dose of Dramamine before checking out Fannie Mae's Home Purchase Sentiment Index...
Mon, Apr 9 2018, 9:34 AM
If you're a 10yr Treasury yield in 2018, you don't simply have free reign to enjoy yourself at yields under 2.80%. That's a right and a privilege for...
Mon, Apr 9 2018, 9:14 AM
What’s the retail residential competition up to? Eave (not to be confused with Eaze !) launched a new software that automates mortgage applications an...
Fri, Apr 6 2018, 5:16 PM
It would be hard to have any discussion about important technical levels in 10yr Treasury yields recently without 2.79-2.80% coming up early and often...
Fri, Apr 6 2018, 4:49 PM
Mortgage rates moved back down to yesterday's levels after a much weaker read on job creation from the Labor Department. In general, weak economic dat...
Fri, Apr 6 2018, 9:34 AM
NFP came out much weaker this morning (102k vs 190k forecast). That's a fairly weak reading, and a bigger "miss" than we normally see. Importantly t...
Fri, Apr 6 2018, 9:18 AM
What happens when you combine an already tight housing market, marijuana, a Chinese crime syndicate, and the U.S. government? The answer is not a movi...
Thu, Apr 5 2018, 4:42 PM
I'm running out of ways to talk about trade-war-related headlines driving risk-on vs risk-off movement in stocks and bonds. In case you've missed i...
Thu, Apr 5 2018, 4:22 PM
Mortgage rates moved slightly higher today as trade war fears waned for financial markets. There's not a direct connection between trade issues and mo...
Thu, Apr 5 2018, 11:03 AM
Mortgage credit access tightened for the second straight month in March. The Mortgage Bankers Association (MBA) said its Mortgage Credit Availability ...
Thu, Apr 5 2018, 9:17 AM
Along with a declining rate of homeownership, analysts have noted over the last few years that fewer Americans appear to be heavily invested in the dr...
Thu, Apr 5 2018, 9:13 AM
My father was in the U.S. Navy for 20 years (1942-1962) and his first home loan in 1967 was a VA 30-year fixed rate mortgage. That was obviously pre-i...
Thu, Apr 5 2018, 9:07 AM
The month of March was characterized by 10yr yields repeatedly bouncing at a floor of 2.80% in terms of 10yr yields. At the time, I argued that--whil...
Wed, Apr 4 2018, 4:18 PM
On a few occasions during the past few weeks, I've brought MBS underperformance to your attention. Specifically, MBS and mortgage rates hadn't been...
Wed, Apr 4 2018, 3:56 PM
Mortgage rates were sideways to slightly lower today, depending on the lender. That presents something of an opportunity because underlying bond marke...
Wed, Apr 4 2018, 9:57 AM
Although preliminary news was out yesterday about China potentially announcing retaliatory tariffs on the US, that announcement was officially made ov...
Wed, Apr 4 2018, 9:26 AM
The strong showing for both refinancing and purchase applications during the week ended March 23 didn't last, with both reversing course last week. Th...
Wed, Apr 4 2018, 9:14 AM
As residential origination volumes and margins contract, plenty of lenders are looking at construction, non-QM, bond, government, ARM, SBA, and USDA l...
Tue, Apr 3 2018, 4:18 PM
Granted, it's an on-again, off-again relationship between stock prices and rates, but it's been "on" for the past few days. Today was no exception....
Tue, Apr 3 2018, 4:17 PM
Mortgage rates didn't move much today, on average, even though underlying bond markets suggested a move higher. We talked about the stock/bond relatio...
Tue, Apr 3 2018, 1:01 PM
The Acting Director of the Consumer Financial Protection Bureau (CFPB) presented the Bureaus semi-annual report to Congress on Monday. The report, whi...
Tue, Apr 3 2018, 12:43 PM
February looks as though it may be yet another month when the long-predicted end to rising rates of home appreciation was supposed to happen and didn'...
Tue, Apr 3 2018, 9:54 AM
The amount of equity available for tapping by homeowners hit a new recent high in February . Meanwhile, mortgage prepayment rates (how quickly owners ...
Tue, Apr 3 2018, 9:13 AM
If anyone ever asks you, the average parking space is 180 square feet, which works out to 242 parking spaces per acre. Reuters reports that, due to Vo...
Tue, Apr 3 2018, 9:05 AM
Yesterday's recap focused on the on-again, off-again relationship between stocks and bonds. Specifically, bonds don't always follow stocks or vice ve...
Mon, Apr 2 2018, 5:20 PM
One of my favorite recurring observations about financial markets is that the classic concept of "stocks vs bonds" doesn't always work. That's the on...
Mon, Apr 2 2018, 5:02 PM
Mortgage rates moved lower today as underlying bond markets generally followed a much bigger move in stocks. It's a common misconception that stocks a...
Mon, Apr 2 2018, 11:48 AM
Construction spending continued to have a hard time getting out of the 2018 starting blocks in February. Overall spending from both the public and pri...
Mon, Apr 2 2018, 9:20 AM
Last week saw a potentially significant development for bond markets with the break below key technical levels in 10yr yields and the yield curve. Fo...
Mon, Apr 2 2018, 9:15 AM
This year the usual Tax Day (April 15) falls on a Sunday, and the next day is Emancipation Day, a legal holiday in D.C. That means you have until midn...
Thu, Mar 29 2018, 2:46 PM
Bond markets closed early today and will be fully closed tomorrow for the Good Friday holiday. It was also "month-end," which can bring in additional...
Thu, Mar 29 2018, 2:28 PM
Mortgage rates were generally unchanged today, although a few lenders offered slight improvements. This stands in contrast to the noticeable improveme...
Thu, Mar 29 2018, 11:07 AM
ATTOM Data Solutions, formerly known to us as RealtyTrac, has released an affordability report which shows that median home prices in the first quarte...
Thu, Mar 29 2018, 9:13 AM
In the time I spend with loan officers (and I am fortunate to meet some top-notch producers), I hear plenty of stories about walking a real estate age...
Thu, Mar 29 2018, 8:55 AM
10yr yields had 3 big bounces at 2.80% in March, making it the only obvious candidate for the lower boundary of the recently sideways range. It was f...
Wed, Mar 28 2018, 5:13 PM
US bond markets improved in the overnight session as European markets drove yields lower around 3am. US 10yr yields fell below 2.75% as a result, an...
Wed, Mar 28 2018, 4:35 PM
Mortgage rates were sideways to slightly lower today, keeping/bringing them in line with the lowest levels in roughly 2 weeks (depending on the lender...
Wed, Mar 28 2018, 2:49 PM
The long-planned Uniform Mortgage-Backed Security (UMBS), designed to replace the current to be announced- (TBA) eligible MBS issued separately by Fan...
Wed, Mar 28 2018, 10:39 AM
While it didn't serve to completely recoup the 4.7 percent loss in January, pending home sales did snap back strongly in February . The National Assoc...
Wed, Mar 28 2018, 9:18 AM
Without a discussion on important technical levels and without looking at one of several pieces of technical analysis, yesterday looks like any other ...
Wed, Mar 28 2018, 9:13 AM
Supply and demand drive markets and prices, including luxury items and especially housing. What do you give the person who has everything? How about a...
Wed, Mar 28 2018, 8:27 AM
Applications for both refinancing and home purchases gained ground during the week ended March 23. The result was the largest week-over-week gains for...
Tue, Mar 27 2018, 5:23 PM
I'm not sure I've heard anyone genuinely say "oh my!" by way of exclamatory response in quite a while. But the odds increased today with a rather sur...
Tue, Mar 27 2018, 4:51 PM
As of yesterday, it looked like mortgage rates would be more interested in staying in a narrow, sideways range for the holiday-shortened Spring Break/...
Tue, Mar 27 2018, 10:18 AM
It should hardly come as a surprise, each month the report from the S&P CoreLogic Case Shiller home price report starts the same way, "home prices con...
