Tue, Mar 14 2017, 5:51 PM
We know the Fed will hike tomorrow and we know the "dots" (a reference to the dot-plot the Fed uses to convey it's rate hike expectations) will be the...
Tue, Mar 14 2017, 5:10 PM
Mortgage rates held steady today, on average, despite moderate improvements in underlying bond markets. Typically, bond market improvement results in ...
Tue, Mar 14 2017, 2:14 PM
As anniversaries go, it's not much of one to celebrate, but this year the foreclosure crisis marks its tenth year. Since Mid-2007, more than 7.8 milli...
Mon, Mar 13 2017, 10:31 AM
It seems the general public is not moving. Not because they don’t way to, but because of… the influence of government regulations !? The regulatory en...
Mon, Mar 13 2017, 9:17 AM
In 2011-2012, the notion that the Fed would " never " be able to extricate itself from an endless cycle of quantitative easing was not entirely uncomm...
Mon, Mar 13 2017, 5:37 PM
Bonds got back to their weaker ways after a very brief, shallow correction last Friday. We had increasingly expected that "green day," and were und...
Mon, Mar 13 2017, 4:21 PM
Mortgage rates rose for the 10th time in the past 11 days today, bringing them very close to highest levels in 3 years. You'd have to go back to April...
Fri, Mar 10 2017, 9:36 AM
The last time I checked Americans enjoy living indoors, especially given storms like today’s in the Northeast. How’s this for a combination of edifice...
Fri, Mar 10 2017, 8:15 AM
Bonds are right on the edge of the relative abyss. If 10yr yields break much higher today, we'll be operating in territory not seen since early 2014....
Fri, Mar 10 2017, 4:43 PM
ADP provided a cruel gift on Wednesday. It isn't the most trusted advance indicator of the infinitely more important NFP data, but when it beats th...
Fri, Mar 10 2017, 4:14 PM
Mortgage rates held steady today, despite a key report from the Labor Department showing stronger-than-expected job creation in February. Typically, a...
Thu, Mar 9 2017, 11:55 AM
The once- epidemic level of underwater properties retreated further into history in 2016 as another 1 million homeowners regained equity in their home...
Thu, Mar 9 2017, 11:49 AM
There was a slight loosening of mortgage credit access in February, as FHA and VA instituted more streamlined documentation requirements for their loa...
Thu, Mar 9 2017, 9:47 AM
In its most recent Mortgage Monitor , Black Knight Financial Services dug deeper into a topic it had raised in an earlier edition, the seasonality of ...
Thu, Mar 9 2017, 9:37 AM
With the decades of attention the Baby Boomers got vis-à-vis their homebuying habits, and all the worry about the same lavished on Millennials for the...
Thu, Mar 9 2017, 9:34 AM
I have my own opinion about reading a book versus watching YouTube videos, given our finite time every day, but this statistic is staggering: The numb...
Thu, Mar 9 2017, 8:33 AM
After confirming a breakout from the "consolidation range" (the converging lines tracing the lower highs and higher lows over the past 3 months) yes...
Thu, Mar 9 2017, 6:34 PM
The title sums it up. Bonds are having a bad time . Fed rate hike expectations started this unpleasant party last week and economic data added to t...
Thu, Mar 9 2017, 5:38 PM
Mortgage rates rose again today, bringing them further into the highest levels of the year. If there's anything redeeming about the move it's that it ...
Wed, Mar 8 2017, 9:19 AM
Yes, we change our clocks this weekend, losing an hour, although some states have escaped this ordeal by not using Daylight Savings Time. Different st...
Wed, Mar 8 2017, 8:18 AM
Not that we didn't already know this, but bond markets have been on the back foot ever since last week's rapid shift in Fed rate hike expectations. T...
Wed, Mar 8 2017, 7:57 AM
The Mortgage Bankers Association (MBA) said today that mortgage applications for both purchases and refinancing grew during the week ended March 3. Th...
Wed, Mar 8 2017, 5:42 PM
Over the past 3 days (the white circled area in the chart below), rates have broken out of their post-election consolidation range (the outermost ye...
Wed, Mar 8 2017, 4:33 PM
Mortgage rates spiked, big-time, today. Underlying bond markets had already moved higher in rate overnight, but the trend was taken to a new level by ...
Tue, Mar 7 2017, 12:05 PM
Home prices measured by CoreLogic's Home Price Index (HPI) for January ended a six-month long pattern of accelerating annual gains. The increases also...
Tue, Mar 7 2017, 11:58 AM
The February installment of the National Housing Survey (NHS) might have broken a record for breaking records. Fannie Mae says its Home Purchase Senti...
Tue, Mar 7 2017, 11:53 AM
Wells Fargo's annual Construction Industry Forecast, based on a survey of construction industry contractors and equipment distributors, reports increa...
Tue, Mar 7 2017, 9:28 AM
Thousands of lenders around the nation, in one form or another, donate to charities. But here’s an interesting twist on that. Todd Potter, SVP & Natio...
Tue, Mar 7 2017, 9:06 AM
We've been tracking several iterations of a sideways or consolidative range since the initial post-election sell-off bounced back in mid January. We...
Tue, Mar 7 2017, 5:29 PM
It's not incredibly common for bonds to improve in the week leading up to an almost certain Fed hike. That said, we only have 2 recent examples in th...
Tue, Mar 7 2017, 4:59 PM
Mortgage rates rose moderately today, keeping them in line with recent highs. The run to those highs took place largely over the past week as markets ...
Mon, Mar 6 2017, 9:30 AM
Welcome to national White Chocolate Cheesecake Day, and Oreo Cookie Day, both of which usually have gluten. Like gluten, most people don’t precisely k...
Mon, Mar 6 2017, 8:58 AM
Last week saw economic data take a definitive back seat to Fed speeches --particularly Tuesday's comments from NY Fed President Dudley. It wasn't th...
Mon, Mar 6 2017, 5:47 PM
Monday's without significant economic data or overseas geopolitical developments tend to be quite lifeless for bond markets. Today was no exception...
Mon, Mar 6 2017, 5:19 PM
After moving higher for 5 days in a row, mortgage rates finally moved a bit lower today. The improvement was fairly small, however, merely undoing Fri...
Mon, Mar 6 2017, 1:40 PM
A strong fourth quarter helped push mortgage originations for the whole of 2016 to the highest level in four years . Black Knight's Mortgage Monitor r...
Fri, Mar 3 2017, 11:56 AM
Homeowners are opening their favorite piggy bank again — their homes. As home values rise faster than expected, that increased homeowner wealth sudden...
Fri, Mar 3 2017, 9:12 AM
For me the last few weeks included travel to events in Florida, Texas, Southern California, and now The Mortgage Collaborative’s event in Arizona. And...
Fri, Mar 3 2017, 8:43 AM
As you're likely aware, rates have been in a very well-behaved consolidation range since mid-November. The trendlines connecting the "lower highs" an...
Fri, Mar 3 2017, 4:34 PM
Economic data was stronger this morning with the best ISM Manufacturing "business activity" reading since 2011. Along with comments from Fed's Powell...
Fri, Mar 3 2017, 4:08 PM
Mortgage rates rose by the smallest amount of the week today, but they rose nonetheless. That caps a streak of 5 straight days spent moving in an unfr...
Thu, Mar 2 2017, 9:31 AM
Here’s a public service announcement for folks in Detroit: check to see if you should boil your water before you drink it . Apparently drinking water ...
Thu, Mar 2 2017, 8:55 AM
In addition to ISM Non-Manufacturing, tomorrow brings multiple Fed speeches, including Yellen and Vice Chair Fischer in the early afternoon. It's exc...
Thu, Mar 2 2017, 5:29 PM
The shifting of the mortgage market toward more purchases as well as declining origination volumes are expected to boost the incidence of mortgage fra...
Thu, Mar 2 2017, 5:25 PM
You couldn't swing a dead cat without hitting a news story about the Snapchat IPO or a friend/colleague asking if you were going to buy some. While i...
Thu, Mar 2 2017, 4:14 PM
Mortgage rates were only modestly higher today, extending the recent losing streak to its 4th straight day. This keeps the average conventional 30yr f...
Wed, Mar 1 2017, 11:03 AM
Construction spending had been expected to recover from the 0.2 percent loss it suffered in December. Analysts polled by Econoday were looking for an ...
Wed, Mar 1 2017, 9:37 AM
Freddie Mac's Insight forecast for February looks at reports that consumer price inflation is rising, and the ensuing debate over "whether or not we a...
Wed, Mar 1 2017, 9:02 AM
There is some rate and price at which a borrower and lender will meet, whether it is residential loans, commercial, personal, auto, etc. But apparentl...
Wed, Mar 1 2017, 8:21 AM
There was a lot of build-up for last night's Trump speech. I won't tell you that it didn't turn out to be a market mover, but it wasn't nearly as p...
