Tue, Jun 6 2017, 9:49 AM
June is National Homeownership Month and the National Association of Home Builders (NAHB) says that owning a home is as much a part of the American Dr...
Tue, Jun 6 2017, 9:47 AM
Home price increases moderated slightly in April, at least as measured by the CoreLogic Home Price Index (HPI). The company announced an increase of 6...
Tue, Jun 6 2017, 9:40 AM
I received this note/suggestion regarding broker business. " Is California dysfunctional? In California, brokers are typically regulated by the BRE , ...
Tue, Jun 6 2017, 9:28 AM
There are no significant data or events on the calendar today and the Fed remains in its "blackout period" (where Fed speakers abstain from commenting...
Mon, Jun 5 2017, 6:03 PM
ISM Non-Manufacturing was this morning's biggest potential market mover, but it came in very close to consensus. Moreover, its internal components ...
Mon, Jun 5 2017, 5:01 PM
Mortgage rates were modestly higher today after hitting the lowest levels since early November at the end of last week. Along with mid-April, this is ...
Mon, Jun 5 2017, 11:07 AM
It should come as no surprise that the rise in interest rates that occurred after the November 2016 election had a profound impact on mortgage origina...
Mon, Jun 5 2017, 9:10 AM
There are two white lines in today's chart. Each represents the pace of the two most recent rallies in rates (with the latter being the current rally...
Mon, Jun 5 2017, 9:02 AM
The Federal Financial Institutions Examination Council (FFIEC) published a Press Release announcing an update to the Cybersecurity Assessment Tool . C...
Fri, Jun 2 2017, 6:40 PM
"The gap" refers to the closing yields in 10yr Treasuries of 2.15% on 11/10/2016 followed by opening yields of 2.17% the following business day. Gran...
Fri, Jun 2 2017, 5:49 PM
Mortgage rates moved convincingly lower today following weaker-than-expected employment data from the Labor Department. The big "jobs report" showed o...
Fri, Jun 2 2017, 2:22 PM
House Majority Leader Kevin McCarthy (R-CA) has told reporters he expects a full House vote next week on H.R. 10, The Financial Choice Act which was v...
Fri, Jun 2 2017, 8:50 AM
In celebration of National Doughnut, or Donut, Day, let’s talk about a subset of real estate agents. The typical Realtor , and there are 1.2 million o...
Fri, Jun 2 2017, 8:32 AM
Today's only significant data point will be NFP, which is the most significant piece of scheduled economic data every month! When the economy is in...
Thu, Jun 1 2017, 4:48 PM
Bond markets lost ground today, but less than you might expect given several of the typical inputs. In terms of economic data, this morning's ADP Emp...
Thu, Jun 1 2017, 2:54 PM
Mortgage rates gave back yesterday's gains this morning following a stronger-than-expected employment report from ADP. While this is not the week's bi...
Thu, Jun 1 2017, 11:41 AM
Fannie Mae said on Wednesday that its Book of Business increased at a compounded annual rate of 1.3 percent in April to a value of $3.164 trillion. Th...
Thu, Jun 1 2017, 10:55 AM
The total amount of construction put in place nationally fell in April, but continues at a pace higher than at the same point in 2016. The U.S. Census...
Thu, Jun 1 2017, 9:02 AM
Some may have the perception that no MI company has ever paid a claim, which isn’t true. USMI, the trade group for the majority of MIs, states that MI...
Thu, Jun 1 2017, 8:45 AM
Bond markets had been in a clearly-delineated positive trend from mid-March through mid-April followed by a clearly-delineated negative trend though m...
Wed, May 31 2017, 5:27 PM
If we simply consider the close-of-the-day trading levels in bond markets, today was "unchanged." The intraday activity tells only a slightly more de...
Wed, May 31 2017, 4:57 PM
Mortgage rates improved modestly today as lenders caught up with yesterday afternoon's market movements. Most lenders will issue mid-day changes in ra...
Wed, May 31 2017, 11:49 AM
Several entities that wonder about such things have commented recently on the apparent reluctance of homeowners to sell their homes. Historically Amer...
Wed, May 31 2017, 11:01 AM
Fannie Mae has announced changes in underwriting for loans submitted to its Desktop Underwriter (DU), Version 10.1. The new DU version will be impleme...
Wed, May 31 2017, 10:15 AM
Pending home sales had been expected to rise slightly in April after declining 0.8 percent in March. Instead, the National Association of Realtors'® (...
Wed, May 31 2017, 9:13 AM
It has been interesting talking to residential lending folks around the nation about their mix of business and how it has changed - if at all. It turn...
Wed, May 31 2017, 9:06 AM
The volume of applications for mortgages tumbled during the week ended May 26. Purchase applications were down for the third straight week and refinan...
Wed, May 31 2017, 9:05 AM
In one of yesterday's updates (THIS ONE, to be specific), we discussed the role that month-end bond buying was likely playing behind the scenes. Long...
Tue, May 30 2017, 4:46 PM
Unfortunately, we won't really know until after this week is over, but if today is any indication, bond markets look like they're willing to consider ...
Tue, May 30 2017, 2:50 PM
Mortgage rates remained relatively unchanged again today. This continues the sideways trend leading into Memorial Day weekend. As the current week pro...
Tue, May 30 2017, 1:59 PM
CoreLogic's analysts continue to report on the validity of appraisals. A blog entry from last December found that thirty percent of appraisals the com...
Tue, May 30 2017, 10:36 AM
Black Knight Financial Services (BK), released its Home Price Index (HPI) on Tuesday. It was in general agreement with the S&P CoreLogic Case-Shiller'...
Tue, May 30 2017, 10:06 AM
Home prices across the nine U.S. census divisions hit a 33-month high in March . The S&P CoreLogic Case-Shiller U.S. National Home Price Index rose 5....
Tue, May 30 2017, 8:52 AM
Congrats to Indiana’s Ruoff Home Mortgage and president & CEO Mark Music. Why? The lender helped sponsor the winning Indy 500 car this weekend! Capita...
Tue, May 30 2017, 8:50 AM
Although there are only four trading days in the week ahead, they bring a far more venerable lineup of economic data compared to last week. This coin...
Fri, May 26 2017, 3:09 PM
Today was a non-starter, despite the presence of economic data that certainly had the street cred to move markets (if markets were inclined to move)...
Fri, May 26 2017, 2:31 PM
Mortgage rates didn't move much today. Lenders that made detectable adjustments generally did so in a moderately positive direction. While this isn't ...
Fri, May 26 2017, 8:54 AM
Ready to rush off and join the blockchain rush? Not so fast. The implementation of blockchain technology in the financial-services industry is meeting...
Fri, May 26 2017, 8:28 AM
Up until yesterday, the past week and a half of trading ran the risk of taking the shape of an uptrend leading back from the lows that followed last w...
Thu, May 25 2017, 4:54 PM
After seeing today's trading--especially when we consider it in the context of recent technical levels and yesterday's bounce around 2.25% in 10yr yie...
Thu, May 25 2017, 4:08 PM
Mortgage rates fell today despite relatively uneventful movement in underlying bond markets (which drive day to day changes in rates). The net improve...
Thu, May 25 2017, 11:09 AM
Rather than taking a step back this year, home sales now seem ready to best their 2016 numbers. Freddie Mac's economists admit that, up until this mon...
Thu, May 25 2017, 11:06 AM
It often gets lost in the shuffle, but the Federal Housing Finance Agency (FHFA) is not just the regulator and conservator of the government sponsored...
Thu, May 25 2017, 9:50 AM
Montana may have its issues with politicians vying for the WWE title belt, but the state does seem to steer clear of cyberattacks. At least, it does i...
Thu, May 25 2017, 9:14 AM
Tuesday of this week was a bit alarming for bond markets as it introduced the possibility that yields were opting for upward momentum after bottoming ...
Wed, May 24 2017, 4:45 PM
Bonds began the day in inconsequentially stronger territory and soon moved to the worst levels in a week leading up to the 5yr Treasury auction. Th...
Wed, May 24 2017, 3:35 PM
Mortgage rates moved moderately higher this morning, beginning the day at the highest levels in roughly 2 weeks. Afternoon events helped underlying bo...
Wed, May 24 2017, 10:04 AM
Existing homes declined in April, falling back by 2.3 percent in April when compared to March 2017 levels. The National Association of Realtors® (NAR)...
Wed, May 24 2017, 9:56 AM
The Federal Housing Finance Agency (FHFA) is reporting another significantly high set of results for its Housing Price Index (HPI). The current values...
Wed, May 24 2017, 9:16 AM
Today's main event from a "street cred" standpoint will be the 2pm release of the Minutes from the last Fed meeting . This is a detailed account of ...
