Wed, Jan 11 2017, 5:09 PM
Today was one of the more complex trading days we've had recently. Three things were certainly in play and 2 of them were interdependent.
1. Stock...
Wed, Jan 11 2017, 3:57 PM
Mortgage rates fell today , in many cases to levels not seen in well over a month . The average lender was just a hair better than last Thursday, mean...
Tue, Jan 10 2017, 9:49 AM
It is a bi-annual bonanza of data for anyone in need of facts about housing in America and how people use it. The 2015 edition of the American Housing...
Tue, Jan 10 2017, 9:36 AM
Foreclosures are, at long last, approaching what CoreLogic says was the level in the pre-crisis environment . The company's November National Foreclos...
Tue, Jan 10 2017, 9:17 AM
What does $1.38 million, uh, I mean $138 thousand, buy you in South Dakota ? (Of course the heating bill is $3,000 a month...) Buying it may be a litt...
Tue, Jan 10 2017, 8:47 AM
One day down and 2 more to go without meaningful economic data. That didn't stop bonds from having a good day yesterday, but the gains were largely d...
Tue, Jan 10 2017, 5:27 PM
Today was about as tame as they come for bond markets, post-election. 10yr yields traded a high of 2.394 and a low of 2.361. That's a very narrow d...
Tue, Jan 10 2017, 4:32 PM
Mortgage rates were slightly higher today, but remain in much better shape overall when compared to the last month of 2016. In many ways, the new year...
Mon, Jan 9 2017, 11:24 AM
The annual premium paid by borrowers on mortgages backed by the Federal Housing Administration (FHA) is going down by a quarter of a percent. Housing ...
Mon, Jan 9 2017, 11:00 AM
In its current edition of the Mortgage Monitor , covering data from November 2016, Black Knight Financial Services looks at the changing landscape of ...
Mon, Jan 9 2017, 9:34 AM
Ah, here we are starting off a work week with 5 whole days in it. Remember that next Monday is a holiday for some, not all, with the usual questions a...
Mon, Jan 9 2017, 8:38 AM
NOTE: This paragraph will be at the top of the Day Ahead for a few weeks. Once you've read it, feel free to skip it. The Day Ahead has long been my ...
Mon, Jan 9 2017, 6:29 PM
It was almost a wholly uneventful day for bond markets. If not for the fact that trading levels improved day-over-day, there wouldn't be much to talk...
Mon, Jan 9 2017, 6:28 PM
Mortgage rates recovered much of Friday's losses today, moving back near the lowest levels in more than a month. To be fair, that's a claim they could...
Mon, Jan 9 2017, 3:08 PM
Consumer perceptions about rising interest rates and stagnant income levels were the main contributors to a half-point decrease in Fannie Mae's Home P...
Mon, Jan 9 2017, 2:52 PM
If you’re hoping to purchase a home soon, there are plenty of things to concentrate on. Your loan officer or realtor will probably give you a list of ...
Fri, Jan 6 2017, 9:43 AM
This month for me includes Texas (a few times), Maryland, Northern California, and Colorado (a few times). It can be cold out there! So far the mood s...
Fri, Jan 6 2017, 8:18 AM
NOTE: This paragraph will be at the top of the Day Ahead for a few weeks. Once you've read it, feel free to skip it. The Day Ahead has long been my ...
Fri, Jan 6 2017, 5:14 PM
NFP is the biggest piece of economic data on any given month--so big, in fact, that financial markets treat it as a focal point for trading activity ...
Fri, Jan 6 2017, 4:15 PM
Mortgage rates moved moderately higher today after the Employment Situation Report (aka "the jobs report" or simply "NFP," after its trademark compone...
Thu, Jan 5 2017, 9:54 AM
Access to credit continued to inch up last month according to the Mortgage Bankers Association's (MBA's) Mortgage Credit Availability Index (MCAI). Th...
Thu, Jan 5 2017, 9:51 AM
This morning we’ve had the Challenger layoff data and the usual Thursday’s weekly Initial Jobless Claims (and its 4-week moving average). Things aren’...
Thu, Jan 5 2017, 8:35 AM
NOTE: This paragraph will be at the top of the Day Ahead for a few weeks. Once you've read it, feel free to skip it. The Day Ahead has long been my ...
Thu, Jan 5 2017, 5:08 PM
By quite a wide margin, today was the best day for bond markets since the election. 10yr yields dropped nearly 10bps, making it all the way to the ...
Thu, Jan 5 2017, 4:08 PM
It's Thursday and thus time, once again, for the weekly mortgage rate survey from Freddie Mac. Over time and in the bigger picture, Freddie's survey i...
Wed, Jan 4 2017, 11:43 AM
We often hear that there is no such thing as a perfect crime. Perhaps that is why there is always a fraudster trying to improve them. CoreLogic says t...
Wed, Jan 4 2017, 9:19 AM
Any LO looking for opportunity should look no further than this statistic: there were 189,100 multifamily rental units completed between the fourth qu...
Wed, Jan 4 2017, 9:11 AM
The Mortgage Bankers Association returned from its holiday hiatus today, issuing its first update on mortgage applications' activity since that for th...
Wed, Jan 4 2017, 8:52 AM
NOTE: This paragraph will be at the top of the Day Ahead for a few weeks. Once you've read it, feel free to skip it. The Day Ahead has long been my ...
Wed, Jan 4 2017, 5:03 PM
Bonds focused on technicals, range-trading, corporate supply, and the FOMC Minutes today. It all added up to almost no net change across the board, s...
Wed, Jan 4 2017, 4:13 PM
Mortgage rates were slightly higher today, on average, but some lenders were unchanged from yesterday. Others were quoting higher rates in the morning...
Tue, Jan 3 2017, 10:58 AM
Perhaps construction spending is finally emerging from the doldrums where it has lingered for months. For the second month in a row the Census Bureau ...
Tue, Jan 3 2017, 9:40 AM
For the sixth consecutive month , the CoreLogic Home Price Index (HPI) increased on an annual basis by a greater degree than it had in the previous mo...
Tue, Jan 3 2017, 9:34 AM
(Yes, a paragraph of pure fluff to start the year.) Does anyone handwrite checks anymore? Always a struggle to remember “2017” instead of “2016.” And ...
Tue, Jan 3 2017, 8:42 AM
NOTE: This paragraph will be at the top of the Day Ahead for a few weeks. Once you've read it, feel free to skip it. The Day Ahead has long been my ...
Tue, Jan 3 2017, 5:37 PM
Bonds began the new year on the defensive thanks to a deluge of corporate bond issuance as well as stronger ISM Manufacturing data. By 10:15am, 10y...
Tue, Jan 3 2017, 4:52 PM
Mortgage rates improved slightly to begin 2017, bringing them to the lowest levels in nearly a month, on average. December 8th was the last time rates...
Fri, Dec 30 2016, 12:27 PM
Mortgage rates moved lower for a 3rd consecutive day to end 2016, bringing them to the lowest levels in more than 3 weeks for many lenders. December 8...
Fri, Dec 30 2016, 9:15 AM
Overheard: “I have a feeling that my ‘check liver’ light may come on this weekend.” I guess drinking helps some people forget, and it’s been a rough w...
Fri, Dec 30 2016, 8:57 AM
NOTE: This paragraph will be at the top of the Day Ahead for a few weeks. Once you've read it, feel free to skip it. The Day Ahead has long been my ...
Thu, Dec 29 2016, 9:32 AM
When Freddie Mac introduced its Multi-Indicator Market Index (MiMi) in March 2014 only 11 of the 50 states plus the District of Columbia were deemed s...
Thu, Dec 29 2016, 9:09 AM
New Residential Investment Corp. (NYSE: NRZ) announced it has entered into an agreement, through its wholly-owned subsidiary New Residential Mortgage ...
Thu, Dec 29 2016, 8:30 AM
NOTE: This paragraph will be at the top of the Day Ahead for a few weeks. Once you've read it, feel free to skip it. The Day Ahead has long been my ...
Thu, Dec 29 2016, 4:33 PM
Bonds made solid gains again today, both before and after another strong Treasury auction. Fannie 3.5s picked up more than a quarter of a point and 1...
Thu, Dec 29 2016, 3:57 PM
Mortgage rates moved lower today , somewhat significantly, depending on the lender. In many cases, quotes are an eighth of a point lower compared to T...
Wed, Dec 28 2016, 10:46 AM
Pending sales, which were widely expected to make a good showing in November, pulled back sharply instead. The National Association of Realtors® (NAR)...
Wed, Dec 28 2016, 10:36 AM
In an earlier article we summarized the first part of a report by Urban Institute's Housing Finance Policy Center, Senior Fellow Jim Parrott about the...
Wed, Dec 28 2016, 10:31 AM
"I like to party. And by 'party' I mean take a nap." Lots of folks are taking naps this week, but those on the production side of residential lending ...
Wed, Dec 28 2016, 8:40 AM
NOTE: This paragraph will be at the top of the Day Ahead for a few weeks. Once you've read it, feel free to skip it. The Day Ahead has long been my ...
Wed, Dec 28 2016, 5:11 PM
Today was all about the afternoon's 5yr Treasury note auction, which garnered the best demand in more than 2 years and the highest percentage of indir...
