Wed, Mar 1 2017, 7:40 AM
The Mortgage Bankers Association (MBA) said mortgage applications rose , on a seasonally adjusted basis, during the week ended February 24, although t...
Wed, Mar 1 2017, 4:39 PM
The past 2 days have been almost exclusively about a rapid adjustment in Fed rate hike expectations (see the chart in the Day Ahead for a visual). ...
Wed, Mar 1 2017, 3:45 PM
Mortgage rates moved sharply higher today, bringing the average top tier 30yr fixed quote back to 4.25% from 4.125% previously. That doesn't exactly m...
Tue, Feb 28 2017, 12:07 PM
The spring housing market started early this year, not because of higher-than-average temperatures but because of hotter-than-average demand and overh...
Tue, Feb 28 2017, 10:11 AM
The end is near. CoreLogic said today that the market share of home sales accounted for by distressed properties may return to normal levels by the en...
Tue, Feb 28 2017, 10:09 AM
Black Knight Financial Services reported on Monday that its Home Price Index posted another 5.7 percent annual increase in the national rate of apprec...
Tue, Feb 28 2017, 10:07 AM
Home prices accelerated their growth again in December. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which covers all nine U.S. ...
Tue, Feb 28 2017, 9:46 AM
The last day of February, already? Wasn’t it just New Years? Time flies by, things progress. Yesterday the Chamber of Digital Commerce, the world’s la...
Tue, Feb 28 2017, 8:30 AM
Today is the last day of February. 'Month-end' is different than other days for bond markets because it serves as a deadline for money managers to ...
Tue, Feb 28 2017, 6:38 PM
Treasuries and MBS made it almost all the way through the day with very little drama. There were some ups and downs, but by 4pm, trading levels wer...
Tue, Feb 28 2017, 2:32 PM
Mortgage rates moved higher today in most cases, but not by much. More interesting is the fact that rates held their ground as well as they did consid...
Mon, Feb 27 2017, 10:36 AM
The Truth-in-Lending/RESPA (TRID) rules implemented in late 2015 have placed increased pressure on the accurate forecasting of estimation of non-mortg...
Mon, Feb 27 2017, 10:24 AM
Tight inventories are again being blamed for a downturn in home sales, this time January's ones. The National Association of Realtor's® (NAR's) Pendin...
Mon, Feb 27 2017, 10:03 AM
If you’re a lender in only one state, just think about the state and federal regulations you must deal with, not to mention the investor or agency rul...
Mon, Feb 27 2017, 8:31 AM
The past 5 business days of bond market rallies brought yields right to the lower edge of 2017's range . We had been tracking these movements in ter...
Mon, Feb 27 2017, 5:34 PM
Several events helped get investors back in a riskier mood to begin the new week. Overnight reports of the "status quo" candidate polling better in...
Mon, Feb 27 2017, 4:47 PM
Mortgage rates moved slightly higher after a strong run to the lowest levels of the year as of last Friday. In general, financial markets moved toward...
Fri, Feb 24 2017, 10:53 AM
Sales of newly constructed homes, had a strong start in 2016 but flattened out toward the end of the year and ended with a dismal December. Now 2017 h...
Fri, Feb 24 2017, 10:21 AM
Boss: "Working hard here, Jimmy?" Jimmy: "Yep, ever since I heard you coming down the stairs!" Mortgage banks are working hard, but banks and other fi...
Fri, Feb 24 2017, 8:50 AM
Bond markets are looking for their 6th straight victory today. Each of the past 5 days have seen yields end the day lower than they opened. While ...
Fri, Feb 24 2017, 5:33 PM
"For no apparent reason" is a bit of an overstatement. There are several plausible reasons that bonds could be rallying as well as they are at the mo...
Fri, Feb 24 2017, 4:26 PM
Mortgage rates moved lower for 3rd straight day (and the 5th time in the past 6 days). That makes this the best winning streak of the year and it brin...
Thu, Feb 23 2017, 10:15 AM
The Urban Institute (UI) is asking "What has happened to black homeownership?" It has "declined to levels not seen since the 1960s when private race-b...
Thu, Feb 23 2017, 10:10 AM
Rising interest rates took a toll on mortgage prepayments in January. Black Knight Financial Services said the pre-payment rate (SMM) was down 29.83 p...
Thu, Feb 23 2017, 9:50 AM
"Those who have knowledge, don't predict. Those who predict, don't have knowledge.” But what if you use knowledge to predict? Research by Goldman Sach...
Thu, Feb 23 2017, 8:32 AM
Rarely do we see such a well-behaved and long-lasting consolidation trend in bond markets. This refers to a series of higher lows and lower highs. ...
Thu, Feb 23 2017, 4:53 PM
More than any other day in recent memory, today's trend was remarkably narrow for bond markets. That's not to say it was "flat," though. Indeed, the...
Thu, Feb 23 2017, 4:15 PM
It seemed just an aside in the National Association of Realtors press release regarding January existing home sales. NAR President William E. Brown, t...
Thu, Feb 23 2017, 4:08 PM
Home prices, as measured by the Federal Housing Finance Agency's (FHFA's) Housing Price Index (HPI), rose even faster on an annual basis in December t...
Thu, Feb 23 2017, 3:03 PM
Mortgage rates moved lower for the 4th time in 5 days today, bringing them to their lowest levels since February 9th. The caveat to any discussion of ...
Wed, Feb 22 2017, 11:01 AM
Existing home sales kicked off 2017 with a spurt that brought sales of single family homes, townhomes, condos, and cooperative apartments to the faste...
Wed, Feb 22 2017, 8:45 AM
Today brings a calendar item that contains the letters "FOMC." That's typically a big deal. While it could also be a big deal today, the "FOMC Minut...
Wed, Feb 22 2017, 8:25 AM
Mortgage applications activity was down slightly during the week ended February 17 compared to the previous week. The Mortgage Bankers Association (MB...
Wed, Feb 22 2017, 5:05 PM
Today's trading session was certainly more interesting than yesterday's--especially if we're counting overnight trading hours. European bond market...
Wed, Feb 22 2017, 3:56 PM
Mortgage rates began the day decidedly lower than yesterday, but most lenders ended up revising rates higher in the mid-morning hours due to bond mark...
Wed, Feb 22 2017, 1:37 PM
Are you lending in areas where LOs are receiving more calls from recruiters than they are from real estate agents? Let’s hope not. But here’s somethin...
Tue, Feb 21 2017, 2:23 PM
For the past six years, there has been a quiet revolution in the mortgage market: Big banks like JPMorgan (NYSE: JPM) , Bank of America (NYSE: BAC) an...
Tue, Feb 21 2017, 8:49 AM
Through the wonders of modern air travel, I find myself in Miami. But everywhere, in front of the grocery stores, in truly exciting news, are reminder...
Tue, Feb 21 2017, 8:38 AM
It's another slow week for bond markets in terms of pure "economic data." The only relevant reports are Existing Home Sales (Wed), New Home Sales (...
Tue, Feb 21 2017, 4:56 PM
Bonds came back from their 3-day weekend in weaker territory to start the overnight session. Losses were mild at first, and then became moderate ...
Tue, Feb 21 2017, 4:14 PM
Mortgage rates were just slightly higher today, leaving them roughly in the center of a range that's persisted since mid-November. During that time th...
Tue, Feb 21 2017, 2:02 PM
It can require as little as replacing doorknobs with levers or as complex as installing a walk-in shower, but Fannie Mae says very few existing homes ...
Fri, Feb 17 2017, 10:31 AM
In lender and regulator news, SoFi (Social Finance) is reportedly close to raising $500 million in fresh funds from an investor group led by Silver La...
Fri, Feb 17 2017, 9:40 AM
Despite the regulations imposed by the Truth-in-Lending/RESPA Integrated Disclosure (TRID) rules and disclosure forms in October 2015, some homebuyers...
Fri, Feb 17 2017, 9:30 AM
The National Association of Realtors ® and on-line real estate marketplace have unveiled a new housing affordability model . The model uses data on mo...
Fri, Feb 17 2017, 8:56 AM
What is that cloud of dust in the distance? Is it a bird, a plane? We mix our popular culture references, but maybe it is a faint signal of approachin...
Fri, Feb 17 2017, 8:39 AM
It's a real dud of a day in terms of excitement on the event/econ calendar. There are no significant economic reports and no potentially market-mov...
Fri, Feb 17 2017, 4:17 PM
For all the sturm and drang seen in the middle of the week, trading levels somehow managed to hit today's 3pm close almost perfectly in line with Mo...
Fri, Feb 17 2017, 3:13 PM
Mortgage rates moved lower for a 2nd straight day. This helps undo virtually all of the damage done by the first 3 days of the week. In other words, t...
Fri, Feb 17 2017, 2:21 PM
Fannie Mae and Freddie Mac (the GSEs) each reported positive financial results for the fourth quarter of 2016. The two have posted nearly uninterrupte...
