Fri, Mar 2 2018, 9:25 AM
If 2018 is a football game for bond markets, this week's trading through yesterday afternoon represented our first touchdown (let's not talk about how...
Fri, Mar 2 2018, 9:16 AM
As various parts of the nation are hunkered down due to weather, just think of “2.4 million.” That is a lot of anything, especially when that is how m...
Thu, Mar 1 2018, 6:14 PM
The title is a play on words, you see? It utilizes the word "tariff," which was the subject of much discussion and market movement today, in designat...
Thu, Mar 1 2018, 5:40 PM
Mortgage rates moved lower today--somewhat significantly relative to recent examples--ultimately hitting the best levels in more than a week for most ...
Thu, Mar 1 2018, 11:41 AM
Construction spending stalled in January. Publicly funded spending rose slightly from December but that was offset by reductions in most areas of priv...
Thu, Mar 1 2018, 9:26 AM
This is currently the best week of the year for bond markets. The same was true of last week in the sense that it was the first time in 2018 that yie...
Thu, Mar 1 2018, 9:12 AM
Welcome to March. What happened to January and February? This commentary occasionally discusses “tiny homes” (yes, okay with the Agencies if comps can...
Wed, Feb 28 2018, 4:15 PM
2.90% or something close to it continues to look like the center of a range of yields that might like to... think about... maybe... potentially... try...
Wed, Feb 28 2018, 3:55 PM
After moving back up to the highest levels in more than 4 years yesterday, mortgage rates fell slightly today. Pessimists/realists would rightfully po...
Wed, Feb 28 2018, 1:06 PM
Taken together, two recent posts in the CoreLogic Insights blog may indicate that, after several years of being a close trade-off or even more afforda...
Wed, Feb 28 2018, 10:15 AM
Pending home sales took a deep dive in January, falling to their lowest level in over three years . The National Association of Realtors® (NAR) said i...
Wed, Feb 28 2018, 9:28 AM
A recent Freddie Mac Insights article looks back at earlier incidences of rising rate environments, and how the higher rates affected several populati...
Wed, Feb 28 2018, 9:09 AM
As an industry we don’t want headlines about the Department of Housing and Urban Development (HUD) spending $31,000 on a dining set spending $31,000 o...
Wed, Feb 28 2018, 8:51 AM
Purchase mortgage applications gained ground last week for the first time since mid-January. The Mortgage Bankers Association (MBA) said the volume of...
Wed, Feb 28 2018, 8:43 AM
You may have noticed that things have been a bit different recently for rates/bonds. Whereas almost any given day saw a move higher/weaker so far in ...
Tue, Feb 27 2018, 5:09 PM
Way back in 2014, Yellen gave her inaugural semi-annual congressional testimony on March 19th. When asked what the Fed meant by "considerable time" w...
Tue, Feb 27 2018, 4:38 PM
It was a good run for mortgage rates , relative to the rest of 2018, but after spending 3 days in a row with mild-to-moderate improvements, rates quic...
Tue, Feb 27 2018, 10:25 AM
Like one of those one-a-decade astrological anomalies, issuance of three home price reports for December along with a quarterly summary coincided toda...
Tue, Feb 27 2018, 10:02 AM
Today's key event will be the fielding of questions by Fed Chair Powell at the semi-annual congressional testimony. Sometimes known as the Humphrey H...
Tue, Feb 27 2018, 9:13 AM
Every home owner was, at one time, a first-time home buyer, right? Now it seems that every lender, investor, politician, and special interest group is...
Mon, Feb 26 2018, 6:52 PM
Mortgage rates fell for the third day in a row--the first time that's happened so far in 2018! Much like last week was slightly less spectacular than ...
Mon, Feb 26 2018, 6:52 PM
In this morning's Day Ahead, we discussed an hour-by-hour chart of several technical overlays for rates. The thesis was that this most recent rally (...
Mon, Feb 26 2018, 10:44 AM
New home sales fell again in January, although not quite as sharply as in December . Stalling sales in recent months has now dragged the annual rate b...
Mon, Feb 26 2018, 9:22 AM
It was nice while it lasted, but the long run of historically low mortgage rates is clearly coming to an end. This month Freddie Mac's Outlook looks b...
Mon, Feb 26 2018, 9:03 AM
As local, state, and national organizations plunge into another year’s worth of conferences, there is some good news for those that imbibe in adult be...
Mon, Feb 26 2018, 4:33 AM
Today's first chart is really uncanny--well, perhaps if you're some sort of technical analysis nerd, or just some guy named Matt who writes about tech...
Fri, Feb 23 2018, 5:33 PM
Early in the month (Feb 5th), bonds had their best day of the year as they soaked up a mere fraction of the cash that was fleeing from equities market...
Fri, Feb 23 2018, 4:45 PM
Mortgage rates fell again for the second straight day--something that has only happened a few other times so far this year. On an even brighter note, ...
Fri, Feb 23 2018, 10:36 AM
The effects of last summer's hurricanes, while fading from their early impact on loan performance stats, are still being felt. Black Knight reports, i...
Fri, Feb 23 2018, 9:15 AM
Although the company said it was regular January phenomenon, last month's surge in refinancing also feels a little like borrowers "headed for the last...
Fri, Feb 23 2018, 9:10 AM
Are you an LO interested in receiving a $5 Amazon Gift Card for your participation in a short survey? Tobe Agency, a digital marketing agency focused ...
Fri, Feb 23 2018, 8:53 AM
In 2010 and 2011, the early phases of the European financial crisis caused movement in US bond markets that puzzled a majority of domestic investors. ...
Thu, Feb 22 2018, 5:25 PM
MBS gained a quarter of a point today and 10yr yields fell more than 3bps despite stock market gains (albeit from yesterday's weak closing levels) a...
Thu, Feb 22 2018, 4:48 PM
Mortgage rates fell modestly today as underlying bond markets experienced a rare absence of volatility. Rather than view this as some sort of turning ...
Thu, Feb 22 2018, 9:47 AM
There's nothing significant on the econ calendar today, and bonds are starting out by retreating (in a good way) back into the center of the ongoing u...
Thu, Feb 22 2018, 9:12 AM
Jobs & housing drive the economy, and yesterday we learned that Existing Home Sales fell 3.2% in January, according to NAR . Lawrence Yun, NAR's Chief...
Wed, Feb 21 2018, 6:29 PM
The Fed released the minutes from its late January meeting today. Markets thought about them for 20 minutes and then tanked. What's up with that?!
...
Wed, Feb 21 2018, 5:35 PM
Mortgage rates continued higher today following the release of the Minutes from the Federal Reserve's (aka "The Fed") most recent policy meeting. The ...
Wed, Feb 21 2018, 11:16 AM
Sales of existing homes fell again in January, the second consecutive month-over-month decline. Sales of pre-owned single-family homes, townhomes, con...
Wed, Feb 21 2018, 9:39 AM
Today's key events arrive in the afternoon in the form of a 5yr Treasury auction at 1pm and the release of the FOMC Minutes at 2pm. Not to be confus...
Wed, Feb 21 2018, 9:12 AM
Why couldn’t the sesame seed leave the gambling casino? Because he was on a roll. In an admittedly weak segue, rolls are made in kitchens, and LOs may...
Wed, Feb 21 2018, 8:24 AM
Mortgage application volumes suffered their worst losses of 2018 last week. The Mortgage Bankers Association (MBA) said both purchase mortgages and ap...
Tue, Feb 20 2018, 6:10 PM
Today was a total dud in terms of volume and volatility. That's not all that uncommon on the Tuesday following a 3-day weekend, especially if there a...
Tue, Feb 20 2018, 4:54 PM
Mortgage rates moved back up today after ending last week on a positive note. Improvements in rates have been uncommon so far in 2018. In fact, we hav...
Tue, Feb 20 2018, 9:57 AM
Last Friday's Day Ahead was all about positions. Read it HERE, if you haven't done so or need a refresher. It advocated caution with respect to floa...
Tue, Feb 20 2018, 9:12 AM
Welcome to Day 1 of the longest period in the United States without a federal holiday: President's Day to Memorial Day. Some will think, “That’s a dra...
Fri, Feb 16 2018, 4:14 PM
Tiny pockets of gains have come and gone in the vast sea of red that's dominated 2018 so far. Each pocket has attempted to lure optimists into a "b...
Fri, Feb 16 2018, 3:49 PM
Financial markets in the US will be closed for President's Day on Monday. Thus, mortgage lenders will not be open, nor will they be accepting locks. G...
Fri, Feb 16 2018, 12:36 PM
Some people are never happy . For most of the ten years following the start of the Great Recession the experts have focused (can we say harped?) on th...
Fri, Feb 16 2018, 10:16 AM
While they're extremely important to institutional investors and analysts, the role of trading positions in the bond market is one of the most easily...
