Mon, Feb 5 2018, 5:40 PM
Yes, I'm going to call a 13bp gain in 10yr yields an insane rally, because who would have logically conceived of such a thing in the current market? ...
Mon, Feb 5 2018, 5:09 PM
Mortgage rates caught a break today, moving back near last Thursday's levels as bonds (which underlie rates) benefited from today's extreme market vol...
Mon, Feb 5 2018, 12:21 PM
CoreLogic continued its series of blog articles related to appraisals with an analysis of the appreciation rate when an appraisal has come in above th...
Mon, Feb 5 2018, 9:48 AM
Granted, my commentary is decidedly focused on bond markets--particularly as they impact MBS and the mortgage market. Over the years, I've seen that ...
Mon, Feb 5 2018, 9:42 AM
As more time elapses since the three hurricanes that impacted parts of the U.S. in late summer to mid fall, additional damage to the mortgage market i...
Mon, Feb 5 2018, 9:12 AM
I know plenty of folks in Nebraska. And people who went to school there but left soon afterward. But I don’t know Elsie Eiler, who is the only residen...
Fri, Feb 2 2018, 8:07 PM
The aging of America seems to be stoking the enthusiasm of homebuilders about catering to the senior set. The National Association of Home Builders (N...
Fri, Feb 2 2018, 7:53 PM
I have a lot of great thoughts and analysis about today's market movements. Most of those were disseminated via MBS Live throughout the day--especial...
Fri, Feb 2 2018, 7:13 PM
If you thought yesterday was bad for mortgage rates , you're probably not going to be a big fan of today either. And since today is the end of a week,...
Fri, Feb 2 2018, 9:06 AM
The total number of slot machines in Las Vegas is down 23 percent from its peak in 2001, partially because slot gambling never really clicked with you...
Fri, Feb 2 2018, 8:28 AM
Just in case you haven't witnessed the multiple previous examples of the once and future king of economic data falling on deaf ears (relative to its f...
Thu, Feb 1 2018, 5:08 PM
The first day of a new month always holds opportunities and risks for rates. Investors who were compelled to hold certain positions through yesterd...
Thu, Feb 1 2018, 4:41 PM
Mortgage rates are in big trouble . Whatever you've read about the current spike so far today, you'll probably need to double it after today's bond ma...
Thu, Feb 1 2018, 12:37 PM
Construction spending wound up the year with positive numbers for December and an increase in overall spending for the year . The U.S. Census Bureau t...
Thu, Feb 1 2018, 10:52 AM
There was a partial win for the plaintiff in there somewhere, but the District of Columbia Circuit Court of Appeals reversed its earlier decision on W...
Thu, Feb 1 2018, 10:11 AM
The title is a trick question --at least if you've read almost anything else I've written in the recent past. If today is your first time though, we...
Thu, Feb 1 2018, 9:14 AM
Whale oil manufacturers… switchboard operators… real estate agents? “Knock does everything a traditional real estate agent does and so much more.” Lau...
Wed, Jan 31 2018, 4:12 PM
Stay skeptical about easy answers in financial news! Here's a tremendous example. Much has been made of the stock market being on the edge of a ma...
Wed, Jan 31 2018, 2:56 PM
Mortgage rates managed to hold steady today, on average (some lenders were slightly better while others were slightly worse) despite a more upbeat eco...
Wed, Jan 31 2018, 2:02 PM
Information received since the Federal Open Market Committee met in November December indicates that the labor market has continued to strengthen a...
Wed, Jan 31 2018, 12:47 PM
Loan applications are increasingly submitted and approved via a cell phone and Fannie Mae, and Freddie Mac constantly refer in press releases to their...
Wed, Jan 31 2018, 10:49 AM
Pending home sales finished off the year in a more upbeat tune. Although the December gain in sales, reported on Wednesday by the National Association...
Wed, Jan 31 2018, 9:11 AM
“Rob, are you hearing an issue regarding ‘individual CRMs?’ Where LOs are purchasing their own CRMs, which move with them to various companies, and th...
Wed, Jan 31 2018, 8:40 AM
Mortgage activity suffered its first downturn of 2018 last week, breaking a three-week winning streak. The Mortgage Bankers Association (MBA) reports ...
Wed, Jan 31 2018, 8:31 AM
Despite a fair amount of focus on last night's State of The Union speech in the news, it was a complete dud in terms of bond market movement. These...
Tue, Jan 30 2018, 5:06 PM
After yesterday saw yields break above the previous ceiling in 10yr yields (2.66-2.67) with gusto, anything other than an equally decisive movement ba...
Tue, Jan 30 2018, 4:15 PM
Mortgage rates continued just slightly higher today. While it wasn't the worst day they've had in terms of movement, it arrives as rates were already ...
Tue, Jan 30 2018, 1:08 PM
The national homeownership rate ticked up slightly in the fourth quarter of 2017, but the U.S. Census Bureau said the change, from 63.9 percent in the...
Tue, Jan 30 2018, 10:13 AM
Home price gains picked up the pace again in November according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. The index, which cov...
Tue, Jan 30 2018, 9:35 AM
Bonds enter the 2nd day of the week without any major reprieve in the selling trend. That trend kicked into a higher gear yesterday, prompting us to ...
Tue, Jan 30 2018, 9:23 AM
Opening today’s note with something non-business related, before the commentary comes out Wednesday (tomorrow) morning, we’ll have a full lunar eclips...
Mon, Jan 29 2018, 5:26 PM
In a perfect world, massive sell-offs in bond markets would have logical explanations--the sort of tidy cause and effect relationships often seen fo...
Mon, Jan 29 2018, 4:39 PM
Mortgage rates are in trouble . This will come as no surprise to regular readers. For the past few weeks, rates made several successive runs up to the...
Mon, Jan 29 2018, 10:40 AM
"Perfect storm" is an overused term, and there other, more colorful descriptors I'd use to describe the storm that's been battering bond markets for...
Mon, Jan 29 2018, 9:22 AM
Home prices measured by Black Knight's Home Price Index (HPI) achieved their 67 th consecutive year-over year increase in November. The HPI rose 6.44 ...
Mon, Jan 29 2018, 9:12 AM
Lenders in the US should be aware of what’s going on in the United Kingdom’s mortgage community – it won’t make any investor in mortgages feel better ...
Fri, Jan 26 2018, 4:59 PM
Last week, I noted that the current week wasn't likely to see bond yields rise because we'd just had 3 straight weeks of clear moves higher. We don...
Fri, Jan 26 2018, 2:02 PM
Mortgage rates moved higher today, bringing them up to yet another 9-month high. Underlying bond markets ended the week in roughly the same shape as l...
Fri, Jan 26 2018, 10:09 AM
Freddie Mac reported today that its total mortgage portfolio increased at an annualized rate of 9.0 percent in December. The portfolio balance at the ...
Fri, Jan 26 2018, 9:56 AM
Today's chart is complicated at first glance, but I'll walk you through it step by step. I'll also cover it in today's Huddle video for MBS Live me...
Fri, Jan 26 2018, 9:13 AM
When I grow up I want to… live in a shipping container live in a shipping container ? Hey, don’t laugh… they’re here, and some suggest are a piece of ...
Thu, Jan 25 2018, 5:23 PM
There were several exciting lead changes in today's game for bond markets. The early inning were devoted to parsing the European Central Bank's (EC...
Thu, Jan 25 2018, 4:54 PM
Mortgage rates improved modestly today, bringing them back in line with Wednesday afternoon's best levels. After underlying bond markets overcame vola...
Thu, Jan 25 2018, 10:45 AM
After three solid months of new home sales, some give-back could only be expected ; exactly what happened in December. The Census Bureau and the Depar...
Thu, Jan 25 2018, 9:13 AM
Yes, rates have gone up, but residential applications have been up for three straight weeks. There is little denying that employment, housing, and the...
Thu, Jan 25 2018, 8:49 AM
Corrections are one of the trading themes we frequently discuss when there is broader momentum in either direction. In its simplest form, a correcti...
Wed, Jan 24 2018, 4:27 PM
Yesterday was nice while it lasted. Against a sea of redness, it stood out like a beautiful green shoreline. Unfortunately, that shoreline turned ...
Wed, Jan 24 2018, 3:34 PM
After taking just one day off from the prevailing move higher, mortgage rates were back at it today, heading back to the worst levels in more than 9 m...
Wed, Jan 24 2018, 11:22 AM
Despite a poor showing in December , existing home sales in 2017 were the best levels in 11 years. The National Association of Realtors® (NAR) said th...
Wed, Jan 24 2018, 9:56 AM
Today is shaping up to be one of those days where we start off with a large overnight bond market movement followed by a rush of attempted explanatio...
