Thu, Jan 11 2018, 9:18 AM
Yesterday, the possibility of China decreasing its purchases of US Treasuries was all anyone could talk about . Amid a sea of voices declaring this ...
Thu, Jan 11 2018, 9:13 AM
When I grow up I want a million-dollar house! Tight inventories, costs, and appreciation have created an increase of houses worth seven figures - the ...
Wed, Jan 10 2018, 5:37 PM
Yesterday: Japan . Today: China . Stakeholders, journalists, and even a fairly wide swath of bond traders are eager to make sense of the past 2 da...
Wed, Jan 10 2018, 3:35 PM
Mortgage rates were much higher this morning, bringing them to new 6-month highs (a dubious distinction also accomplished yesterday). Unlike yesterday...
Wed, Jan 10 2018, 12:26 PM
They may be a little late to the game, but John McManus, publisher of BuilderOnLine.com , is betting home builders are about to get a dose of digital ...
Wed, Jan 10 2018, 9:21 AM
Mortgage application activity roared out of the gate in the first week of the New Year, as the country got back down to business. Much of the week's g...
Wed, Jan 10 2018, 9:13 AM
Sharing a king bed with your 80-year old aunt, or the refrigerator with your twin 25-year olds who can’t afford to move out, probably isn’t high on yo...
Wed, Jan 10 2018, 9:02 AM
The proverbial "you know what" just got real. We'd been waiting for the first big dose of bond market momentum following months of consolidation head...
Tue, Jan 9 2018, 5:43 PM
In certain circles, much was made of overnight news that the Bank of Japan would be buying fewer bonds. That's about as far as most news stories de...
Tue, Jan 9 2018, 3:51 PM
Mortgage rates rose again today, adding to a nasty 2-day streak that's taken the average 30 yr fixed rate an eighth of a point higher. That's an uncom...
Tue, Jan 9 2018, 11:56 AM
A decline in each of its four component indices, especially the one measuring the availability of government-backed loans, drove overall mortgage cred...
Tue, Jan 9 2018, 10:29 AM
Mortgage delinquency rates continued to fall in October, with the national rate ticking down 0.1 percent and the percentage of non-current loans decli...
Tue, Jan 9 2018, 10:11 AM
This commentary was delayed this morning due to several alerts posted on MBS Live. If you're not a member and haven't checked it out, you should .
...
Tue, Jan 9 2018, 9:13 AM
“A sea change:” A radical change or transformation. One wouldn’t call last Friday’s note from the CFPB a sea change, but the fact that the Consumer Fi...
Mon, Jan 8 2018, 5:19 PM
Bonds began the day in slightly stronger territory (emphasis on "slightly"). The overnight session was calm and thinly traded with Japan being out of...
Mon, Jan 8 2018, 4:50 PM
Mortgage rates rose today, largely due to bond market movement from the end of last week that never made it onto last week's rate sheets. Specifically...
Mon, Jan 8 2018, 12:44 PM
Americans continued to have ambivalent views about the current virtues of both home buying and home selling in December. Consumers, responding to Fann...
Mon, Jan 8 2018, 10:20 AM
Not to be confused with the consolidative trend seen in Q4, 2017, there's been a slightly more negative consolidation underway in the last few weeks. ...
Mon, Jan 8 2018, 9:43 AM
Black Knight's Mortgage Monitor for November notes that the equation for tapping the growing pool of homeowner equity could shift because of the new r...
Mon, Jan 8 2018, 9:17 AM
The first five days after the weekend are the hardest. Welcome to Day 1. Events, Training, and Webinars This Week Register for Plaza’s January 8th web...
Fri, Jan 5 2018, 5:33 PM
Harker and the curve... It's not a song or a morning radio show.
It's a reference to the Fed's Patrick Harker commenting on the yield curve toda...
Fri, Jan 5 2018, 5:00 PM
Mortgage rates moved lower following a weaker-than-expected jobs report. The so-called "jobs report" (officially "The Employment Situation") is--on av...
Fri, Jan 5 2018, 10:11 AM
The House Financial Services Committee (FSC) has begun to schedule hearings for the new year and several bills will be on the agenda that could potent...
Fri, Jan 5 2018, 9:37 AM
I had my doubts at times, after some of this week's volatility. I thought perhaps that bonds were showing signs that the "new year momentum" (a notic...
Fri, Jan 5 2018, 9:11 AM
Today is “job’s day,” and it seems like many people I talk to in other professions have 2-3 jobs. (“Yeah, I graduated with a degree in physical therap...
Thu, Jan 4 2018, 4:44 PM
The overnight session and early morning hours saw a good, old-fashioned economic-data-driven sell-off in bond markets. Asian and European data were...
Thu, Jan 4 2018, 3:46 PM
Mortgage rates moved higher today , following stronger economic data at home and abroad. In general, stronger economic data implies better growth, hig...
Thu, Jan 4 2018, 9:42 AM
If you happen to read and retain most of what I write, you'll have noticed that toward the end of December, I increasingly mentioned that it wouldn't ...
Thu, Jan 4 2018, 9:17 AM
A shift in housing? Returns for landlords softened last year as about 400,000 units entered the US multifamily-housing market, outstripping demand, ac...
Wed, Jan 3 2018, 4:56 PM
Bond markets improved overnight, but were under pressure in the morning after stronger ISM Manufacturing data and then again following the release o...
Wed, Jan 3 2018, 3:44 PM
Mortgage rates were unchanged to slightly lower today, depending on the lender. Merely holding steady is a victory today. Reason being: bond markets (...
Wed, Jan 3 2018, 11:13 AM
Construction spending in November came in slightly above analysts' consensus for an increase of 0.6 percent. Overall expenditures for construction put...
Wed, Jan 3 2018, 9:37 AM
Today brings the first significant economic data of the new year in the form of ISM Manufacturing at 10am. During times when markets are actively res...
Wed, Jan 3 2018, 9:29 AM
The Mortgage Bankers Association (MBA) closed its offices for the year-end holidays, so today's report on mortgage applications for the week ended Dec...
Wed, Jan 3 2018, 9:18 AM
Regardless of weather, there are 251 business days in 2018, one more than in 2017. For years we’ve been counting the days for rates to move higher, ye...
Tue, Jan 2 2018, 5:43 PM
Bond markets have had worse days , but the average day is definitely better than today. 10yr yields moved more than 5bps higher, bringing them to 2....
Tue, Jan 2 2018, 5:02 PM
Mortgage rates are theoretically supposed to go higher in 2018. Any upward pressure on economic growth or inflation (courtesy of the tax bill, perhaps...
Tue, Jan 2 2018, 10:04 AM
The November home sales market appeared unwilling to acknowledge impending winter , the usual pre-holiday slowdown, or all the predictions of graduall...
Tue, Jan 2 2018, 9:17 AM
One court ruling from 2017 is that a mortgage broker is not a real estate professional , so passive activity rules apply. Yes, 2017 is now in the hist...
Tue, Jan 2 2018, 8:42 AM
New Years Day doesn't always fall on a day that allows for a 3.5-day weekend. When it does (as it did this year), the first day back to work tends to...
Fri, Dec 29 2017, 3:58 PM
There were no significant economic reports today, no major headlines, and no other events that prompted movement in bond markets. As is often the cas...
Fri, Dec 29 2017, 3:38 PM
Mortgage rates were unchanged again today, keeping them at the same stronger levels achieved on Wednesday afternoon. Wednesday's gains were much-neede...
Fri, Dec 29 2017, 9:35 AM
Markets will close early today (2pm ET for bonds), but most of 2017's trading needs have long since been handled for most traders. Case in point, th...
Fri, Dec 29 2017, 9:14 AM
Demographics and Residential Lending Age, population trends, and gender do matter in the home buying process. There, I said it. Someone in their early...
Thu, Dec 28 2017, 6:01 PM
Bond markets sent a fairly clear message today: don't expect much tomorrow. Trading activity is dying down in the same sort of way it did last Thur...
Thu, Dec 28 2017, 5:03 PM
Mortgage rates were broadly unchanged today, despite negative cues from underlying bond markets. In other words, the bonds that account for most mortg...
Thu, Dec 28 2017, 10:05 AM
For further evidence of the uneven recovery among U.S. housing markets , how's this: In the 10 most expensive U.S. metropolitan areas, median home val...
Thu, Dec 28 2017, 9:27 AM
With yesterday's big rally out of the way (a correction to a correction in the yield curve, as discussed in yesterday's close), the most logical impli...
Wed, Dec 27 2017, 5:44 PM
Last Tuesday was not my favorite kind of day when it comes to discussing reasons for bond market movement. The tax bill was in the process of being pa...
Wed, Dec 27 2017, 5:26 PM
Mortgage lenders continue to see a negative profit outlook for the first quarter of the New Year, the fifth consecutive quarter they have done so. Thi...
