Tue, Mar 27 2018, 9:20 AM
Studies indicate 1.2 billion people worldwide do not have proper shelter. A startup in Austin, Texas decided it would work to change that. Using a hea...
Tue, Mar 27 2018, 9:02 AM
Whether we're looking at shorter-term or longer-term charts, we're left with the sense that bonds aren't very interested in following any other market...
Mon, Mar 26 2018, 5:16 PM
With last Thursday's rally, bonds had a chance to challenge the prevailing sideways range (from 2.80-2.91 in 10yr yields). Friday's weakness was set ...
Mon, Mar 26 2018, 4:57 PM
Positive attitudes toward home buying still predominated in the National Association of Realtors® (NAR) most recent Housing Opportunities and Market E...
Mon, Mar 26 2018, 4:17 PM
Mortgage rates moved sideways to slightly higher today, keeping them in an exceptionally narrow range that's persisted for the entire month of March. ...
Mon, Mar 26 2018, 11:13 AM
It is conventional wisdom that homeownership is key to household wealth , and the National Association of Home Builders makes a convincing argument fo...
Mon, Mar 26 2018, 9:12 AM
If bond yields can manage to hold inside their recent range through the end of this week, they'll have gone an entire month with the lowest volatility...
Mon, Mar 26 2018, 9:04 AM
Interesting economic times, the latest example being gunmaker Remington filing for bankruptcy. Lenders wish things weren’t so interesting: Independent...
Fri, Mar 23 2018, 5:25 PM
Bonds showed both their hands early today. The first was seen in the overnight session when decent overseas buying demand pushed yields below the in...
Fri, Mar 23 2018, 4:57 PM
Mortgage rates were just barely higher in many cases today, although underlying bond markets recovered enough ground by the afternoon to suggest Monda...
Fri, Mar 23 2018, 1:10 PM
Per loan profits of Independent mortgage banks and mortgage subsidiaries of chartered banks fell dramatically in the fourth quarter of 2017. The Mortg...
Fri, Mar 23 2018, 12:34 PM
There was much better news in February than in January regarding new home sales. Those sales had been reported down by 7.8 percent on top of a 9.3 per...
Fri, Mar 23 2018, 11:14 AM
Mortgage rates have increased 49 basis points since the first of the year, with the 30-year fixed rate mortgage (FRM) standing at 4.44 percent on Marc...
Fri, Mar 23 2018, 9:14 AM
The Census Bureau defines millennials as those born between 1982 and 2000, which means this year their age ranges from 18 to 36. Many will argue that ...
Fri, Mar 23 2018, 8:31 AM
The past 2 days represented a nice little run for bonds, but unfortunately it may end up looking like one of those fool's errands that was destined ...
Thu, Mar 22 2018, 5:38 PM
Today was simple and straightforward in one sense. Stocks and bond yields (rates) were both moving lower, and that's something the two have been kn...
Thu, Mar 22 2018, 5:04 PM
Mortgage rates continued lower today on a combination of global reaction to yesterday's Fed Announcement and apprehension over new tariffs on China. T...
Thu, Mar 22 2018, 10:51 AM
As interest rates rise and refinancing declines, the impact is beginning to manifest in the loan prepayment rate . The single month mortality rate (SS...
Thu, Mar 22 2018, 10:07 AM
Home prices took a big leap in January , at least according to the Federal Housing Finance Agency's (FHFA's) seasonally adjusted House Price Index (HP...
Thu, Mar 22 2018, 9:27 AM
The 5-point surge in the share of refinancing loans that closed in January didn't survive the month. Ellie Mae's Origination Insight Report shows that...
Thu, Mar 22 2018, 9:15 AM
One of my favorite things to do is to push back on news media bandwagons with indignation and incredulity. Today provides a great opportunity for tha...
Thu, Mar 22 2018, 9:13 AM
“Skin in the game” is a key component for lower delinquency and foreclosure rates, as borrowers have come up with required down payments. Mortgage inv...
Wed, Mar 21 2018, 6:08 PM
If you're not up to speed on a few of the funniest scenes from Monty Python and The Holy Grail, this analogy is going to be tough to follow. In the i...
Wed, Mar 21 2018, 5:22 PM
Mortgage rates rose to new 4-year highs this morning as lenders took a defensive stance ahead of the afternoon's Fed Announcement. The caution proved ...
Wed, Mar 21 2018, 2:04 PM
Information received since the Federal Open Market Committee met in December January indicates that the labor market has continued to strengthen an...
Wed, Mar 21 2018, 1:02 PM
Who's afraid of growing up? Apparently not Generation Z. The post-Millennial crop of kids, those born in 1995 and later, are already moving into homeo...
Wed, Mar 21 2018, 11:01 AM
Sales of existing homes reversed direction in February after sliding for two consecutive months. The National Association of Realtors® (NAR) said comp...
Wed, Mar 21 2018, 10:11 AM
Natural disasters were the backdrop for mortgage loan performance in 2017. CoreLogic has previously reported on delinquencies in Houston and throughou...
Wed, Mar 21 2018, 9:28 AM
This is a quick guide designed to help you approach this afternoon's Fed events in a logical and useful way.
What's Happening Today and When?
...
Wed, Mar 21 2018, 9:15 AM
Ever wanted to read a story, or recommend it to those who might find it interesting, titled, “Blockchain-Based Residential Real Estate Network Democra...
Wed, Mar 21 2018, 8:50 AM
Purchase mortgage applications continued to gain strength during the week that ended March 16 but failed to compensate for a declining volume of refin...
Tue, Mar 20 2018, 5:04 PM
Imagine you manage a baseball team. Let's say it's little league , because what follows probably wouldn't happen in the bigs. You're working with y...
Tue, Mar 20 2018, 3:30 PM
Mortgage rates rose to the highest levels in more than a week today, but that's the most dramatic way to put it. In terms of outright movement, today ...
Tue, Mar 20 2018, 11:53 AM
Fannie Mae has lowered its forecast for first quarter 2018 growth from 2.9 to 2.8 percent due to " lackluster consumer spending and nonresidential and...
Tue, Mar 20 2018, 9:50 AM
While there have been a few pockets of decent gains in the past week (Thursday afternoon and yesterday morning), the general trend has been toward wea...
Tue, Mar 20 2018, 9:12 AM
The first day of Spring! Converting empty warehouses, grain elevators, under-utilized shopping malls, or Toys-R-Us stores to new housing? Perhaps. The...
Mon, Mar 19 2018, 4:44 PM
Bonds entered the domestic session feeling a bit down on their luck. There was some general weakness early in the overnight session, but just before ...
Mon, Mar 19 2018, 4:17 PM
Mortgage rates have been on a tear recently , moving sideways with reckless abandon. Since the middle of February, the "effective rate" (based on actu...
Mon, Mar 19 2018, 3:23 PM
Freddie Mac's economists headlined their March Outlook economic report "Adulting is Hard." The newest crop of young adults may find this to be truer t...
Mon, Mar 19 2018, 9:15 AM
If it weren't for the Fed Announcement on Wednesday, this would look like a prime vacation week for market participants as there is a distinct lack ...
Mon, Mar 19 2018, 9:08 AM
For me the last seven days included California, Texas, Nevada, and Illinois. What am I seeing? Some companies are doing well. Others aren’t, and unfor...
Fri, Mar 16 2018, 5:36 PM
There were quite a few economic reports on tap today, and that made for some entertaining market watching! Reason being, every time a report came out...
Fri, Mar 16 2018, 5:12 PM
Mortgage rates rose modestly today, but many lenders were essentially unchanged compared to yesterday's latest offerings. Moreover, rates ended the we...
Fri, Mar 16 2018, 1:07 PM
While home prices continue to rise and homeowner equity to increase, CoreLogic reports that there are still 2.5 million mortgages in negative equity ....
Fri, Mar 16 2018, 11:53 AM
Mortgage lenders continue to expect disappointing profit margins . For the sixth consecutive quarter the net responses to a question about those margi...
Fri, Mar 16 2018, 9:56 AM
The two principal measures of residential construction activity had been expected to decline a bit in February after a strong performance to kick off ...
Fri, Mar 16 2018, 9:45 AM
I was pretty happy to have made it through yesterday without seeing or writing any "Ides of March" headlines. I can't ever quite remember what the wo...
Fri, Mar 16 2018, 9:17 AM
The Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) passed the Senate Wednesday on a bipartisan basis. Sixteen 16 Democrats a...
Fri, Mar 16 2018, 9:13 AM
Lenders charge an interest rate commensurate with the risk, and potential for not being paid back. But disasters and taxes can complicate things. Mort...
Thu, Mar 15 2018, 4:42 PM
Today is most easily discussed based on what it wasn't.
Today wasn't a big selling day. That's nice to see-- especially in 2018, and especi...
