Fri, Nov 17 2017, 5:29 PM
Housing activity in the third quarter of 2017 is described as "continuing its rough patch" in Fannie Mae's latest edition of Economic Developments . T...
Fri, Nov 17 2017, 5:28 PM
With today's modest gains, bond markets did exactly what they need to in order to keep the medium term momentum technicals perfectly flat (that flat...
Fri, Nov 17 2017, 4:53 PM
Mortgage rates barely budged today--not too surprising considering today's bond market levels (which underlie rates) were roughly in line with yesterd...
Fri, Nov 17 2017, 10:12 AM
The interest rate for loans originated (closed) in October inched down 1 percentage point to 4.20 percent, the lowest rate thus far in 2017, and the s...
Fri, Nov 17 2017, 9:59 AM
It has been a while since all three measures covered in the residential construction report were strongly positive. In fact, certain metrics bordered ...
Fri, Nov 17 2017, 9:35 AM
Take a few steps back from the shorter-term charts (we tend to watch at 2-day chart for most lock/float purposes on MBS Live ) and a theme begins to...
Fri, Nov 17 2017, 9:22 AM
Here’s a tidbit for Happy Hour tonight. Currently, about 21 percent of filers take the mortgage deduction, but under the new framework only about 4 pe...
Thu, Nov 16 2017, 5:17 PM
Bond markets are officially looking for inspiration, motivation, or even just something to pass the time. Today's events didn't seem to do the trick ...
Thu, Nov 16 2017, 4:36 PM
Mortgage rates moved higher today, but the changes were minimal for most lenders. Bond markets (which underlie interest rates) have been searching for...
Thu, Nov 16 2017, 10:38 AM
Builder confidence increased for the second consecutive month after taking a hit in September from the late summer hurricanes. The National Associatio...
Thu, Nov 16 2017, 9:50 AM
Richard Cordray, first Director of the Consumer Financial Protection Bureau (CFPB), will leave the agency at the end of the month. Cordray announced h...
Thu, Nov 16 2017, 9:09 AM
I think the rumors out there about Richard Cordray taking a much deserved break and then, forget that governor stuff, stepping into Dave Stevens' shoe...
Thu, Nov 16 2017, 8:36 AM
While today will play host to another set of economic reports as well as the House vote on its version of the tax bill, bond markets may continue to l...
Wed, Nov 15 2017, 4:38 PM
As noted in today's MBS Huddle, an absence of any selling pressure in bond markets was a positive result in itself. Selling pressure would have bee...
Wed, Nov 15 2017, 3:26 PM
Mortgage rates fell today, largely in response to the past two days of bond market improvement. In other words, lenders had been keeping their guard u...
Wed, Nov 15 2017, 12:24 PM
With new home building still lagging other measures of the housing recovery, and lean inventories of new homes causing shortages of existing homes as ...
Wed, Nov 15 2017, 10:29 AM
FHA's Mortgage Insurance Fund (MIF) lost ground this past year, which is bad news for those hoping for a cut in its fees. The Department of Housing an...
Wed, Nov 15 2017, 9:18 AM
I remember when being worth a million bucks really meant something, and my parents occasionally pointed out someone who they thought was a millionaire...
Wed, Nov 15 2017, 8:56 AM
The week ended November 10 saw a strong pickup in applications for refinancing but continued weakness in those for home purchases. The Mortgage Banker...
Wed, Nov 15 2017, 8:24 AM
Bonds begin the day much-improved from yesterday's levels, effectively showing their hand ahead of today's important economic data. In other words, t...
Tue, Nov 14 2017, 4:47 PM
The past two sessions have been fairly nondescript in the bigger picture. Both have traversed almost exactly the same trading range. Both have ex...
Tue, Nov 14 2017, 4:09 PM
Mortgage rates didn't move much today, despite moderate improvements in bond markets. Typically, stronger bond markets result in lower rates, but if a...
Tue, Nov 14 2017, 11:24 AM
The Mortgage Bankers Association (MBA) says that information collected through its Builder Application Survey (BAS), shows mortgage applications for n...
Tue, Nov 14 2017, 10:52 AM
To no one's surprise, measures of mortgage distress , including delinquencies, serious delinquencies, and foreclosures, were down again in August , wi...
Tue, Nov 14 2017, 10:00 AM
Most households buy a home to live in and raise a family. Consequently, they may not view a home as a financial asset in the same way they view their ...
Tue, Nov 14 2017, 9:45 AM
Bond markets are starting the day in fairly similar territory to Friday's latest levels for the 2nd day in a row. As I said yesterday, this is a prec...
Tue, Nov 14 2017, 9:23 AM
Are we destined to have robots making home loans ? I sure hope not, although no one has ever accused robots of being shilly-shally. And I sure hope th...
Mon, Nov 13 2017, 5:53 PM
For the first time since 2006, market participants didn't get a weekday off for Veterans Day. For all intents and purposes, traders ended up taking t...
Mon, Nov 13 2017, 4:32 PM
Mortgage rates were unchanged to slightly higher today, keeping them in line with their highest levels in more than 2 weeks, depending on the lender. ...
Mon, Nov 13 2017, 9:31 AM
Sorry Kansans. Another false alarm where your home state was in the headline but only as a Wizard of Oz reference. For bond markets, it's an apt all...
Mon, Nov 13 2017, 9:15 AM
Wells Fargo’s retail lending division & core bank have really “taken it on the chin” in the last year or so, what with the car insurance, sales practi...
Fri, Nov 10 2017, 7:41 PM
Bond markets took a beating today and analysts are still trying to build a case against a slew of potential assailants. Here's what we know.
Euro...
Fri, Nov 10 2017, 3:31 PM
What a difference 2 days make! Freddie Mac's weekly rate survey was out yesterday prompting multiple news outlets to declare "slightly lower rates" on...
Fri, Nov 10 2017, 12:55 PM
Someone must have passed a law; if it is November, you must publish something debunking bubbles. The saturation point is near, but the latest contribu...
Fri, Nov 10 2017, 9:41 AM
After 2 weeks of solid gains, bonds have taken the past 3 days (which includes today's overnight trading) to push back in the other direction. At l...
Fri, Nov 10 2017, 9:17 AM
In lending we should all continue to champion and applaud the individuals and companies that are making a difference in our quest for equality, especi...
Thu, Nov 9 2017, 4:56 PM
In June the National Association of Realtors® (NAR) released a "working paper" from the Rosen Consulting Group and the Fisher Center for Real Estate a...
Thu, Nov 9 2017, 4:49 PM
Bond markets began the day roughly unchanged after initially improving in the overnight session. Domestic hours saw 10yr yields make 2 attempts to br...
Thu, Nov 9 2017, 3:22 PM
Mortgage rates moved higher for the first time this week, ending a 3-day run at the best levels since mid-October. Today's rates are roughly in line w...
Thu, Nov 9 2017, 9:28 AM
Bonds are beginning the day in weaker territory for one of several reasons (MBS Live members can read about them in greater detail HERE). The weaknes...
Thu, Nov 9 2017, 9:14 AM
Regardless of presidential administration, immigrants, and millions others, need places to live, and this morning a story was published about Fannie M...
Wed, Nov 8 2017, 4:17 PM
After 5 days of gains for longer-term bonds (we'll lump 10yr Treasuries and the MBS coupons that matter to rate sheets into that category), today fi...
Wed, Nov 8 2017, 3:52 PM
Fannie Mae blamed diminished confidence in both buying and selling a home for a 3.1 percentage point drop in its Home Purchase Sentiment Index (HPSI) ...
Wed, Nov 8 2017, 3:23 PM
Mortgage rates held steady again today, keeping them in line with the lowest levels in more than 3 weeks. They've also been uncommonly calm so far thi...
Wed, Nov 8 2017, 12:08 PM
According to CoreLogic, it doesn't matter whether you rent or recently bought a home, your housing costs probably went up over the last year. Two sepa...
Wed, Nov 8 2017, 9:14 AM
“These businesses are in a structurally disadvantaged position, given the challenging rate environment and marketplace,” Sanjiv Yajnik, president of f...
Wed, Nov 8 2017, 9:11 AM
Mortgage application activity was generally muted last week accoording to the Mortgage Bankers Association (MBA). Where there were changes in the MBA'...
Wed, Nov 8 2017, 8:53 AM
If you've been putting something off that you might be able to chip away at with an extra 5 minutes each morning this week, but simply can't bear the ...
Tue, Nov 7 2017, 5:42 PM
We COULD complain about the absence of volume and volatility in bond markets at the moment. Or we could observe that the calm, relatively sideways ...
Tue, Nov 7 2017, 5:15 PM
Mortgage rates held steadier today after spending 6 of the past 7 days moving lower. They're now at their lowest levels in roughly 3 weeks and fairly ...
