Wed, Dec 28 2016, 3:50 PM
Mortgage rates moved lower today following back-to-back afternoons of improvements in underlying bond markets. Yesterday afternoon was only slightly s...
Tue, Dec 27 2016, 10:28 AM
Price gains in October once again accelerated on an annual basis. The S&P CoreLogic Case-Shiller National Index, which covers all nine U.S. census div...
Tue, Dec 27 2016, 9:08 AM
How has it been ten years since James Brown passed away? And now George Michael. (I guess no matter how much money you have, or how famous you are...)...
Tue, Dec 27 2016, 8:43 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, Dec 27 2016, 3:39 PM
As far as full business days go (those that aren't "early close"), today was by far and away the slowest day of the year for bond markets. In fact,...
Tue, Dec 27 2016, 3:07 PM
Mortgage rates moved higher today, bringing them back into the range that's dominated the second half of the month. That means the average lender is f...
Tue, Dec 27 2016, 2:21 PM
While securitization of auto loans is about 16 percent higher than it was in 2001 and agency mortgage-backed securities (MBS) are up over 50 percent, ...
Tue, Dec 27 2016, 2:17 PM
Black Knight Financial Services wrapped up the October series of national home price reports with its Home Price Index (HPI). It contained numbers nea...
Fri, Dec 23 2016, 11:10 AM
There was a slight uptick in a couple of housing distress measures in November, but the general trend continues down. Still, as Black Knight Financial...
Fri, Dec 23 2016, 10:52 AM
New home sales continued their recent pattern of advancing and retreating in alternate months. The Census Bureau and Department of Housing and Urban D...
Fri, Dec 23 2016, 10:37 AM
We’ve passed the Winter Solstice, and we can look forward to more daylight in the Northern Hemisphere from here on out. (Good news for readers in Fair...
Fri, Dec 23 2016, 8:48 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, Dec 23 2016, 2:02 PM
Mortgage rates made their biggest move of the week today, although the competition wasn't very stiff, considering yesterday's microscopic improvement ...
Fri, Dec 23 2016, 1:40 PM
As expected, bonds did nothing today , apart from a possibly detectable response to the inflation-expectation components of the Consumer Sentiment da...
Thu, Dec 22 2016, 12:52 PM
This year, with less than two weeks left to go, is shaping up to be the best year for housing in a decade according to Freddie Mac's Economic & Housin...
Thu, Dec 22 2016, 10:13 AM
The share of cash sales appears to be holding fairly steady , even as investors pull back from the residential market (NAR put the investor share of s...
Thu, Dec 22 2016, 9:59 AM
Price increases moderated slightly in October according to the Federal Housing Finance Agency's (FHFA's) Housing Price Index (HPI). The national index...
Thu, Dec 22 2016, 9:50 AM
Refinancing originations remained unchanged at 47 percent of all closed loans in November, not yet reflecting the sharp increase in interest rates tha...
Thu, Dec 22 2016, 9:37 AM
“Hospitality is the art of making guests feel like they're at home when you wish they were.” (Read that again – it’s pretty clever.) Millions of white...
Thu, Dec 22 2016, 8:24 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 22 2016, 3:45 PM
This is coming out a bit earlier than normal, and I promise to revise and/or put out another recap if by some miraculous turn of events, bond markets ...
Thu, Dec 22 2016, 3:24 PM
Mortgage rates did nothing today. They did less than nothing . This week is already easily on track to be the calmest since the election. And if tomor...
Wed, Dec 21 2016, 11:21 AM
Existing home sales rose for the third consecutive month in November. The increase was fueled by condo sales and a surge of sales in the Northeast. Tw...
Wed, Dec 21 2016, 9:28 AM
Despite the 3.2 percent annualized growth in the GDP in the third quarter, Fannie Mae's economists expect the full-years growth to moderate to less th...
Wed, Dec 21 2016, 9:22 AM
Applications for mortgages increased during the week ended December 16, managing to narrowly cling to a gain in activity compared to a year earlier. T...
Wed, Dec 21 2016, 9:11 AM
Hey, don’t know what to get your favorite capital markets guy or gal this year for Christmas? Here's a memorable gift , with a one minute video. Altho...
Wed, Dec 21 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 ...
Wed, Dec 21 2016, 6:17 PM
I'll make this quick, on the chance you were enticed to read more after seeing the headline. Bond markets nearly broke 2016's record for the lowest ...
Wed, Dec 21 2016, 5:18 PM
Mortgage rates continued the normal late-December trend of minimal movement today, but the average lender managed a microscopic improvement. This wasn...
Tue, Dec 20 2016, 11:32 AM
Back in July, President Obama signed HR3700 The Housing Opportunity Through Modernization Act of 2016. The law makes a number of changes in existing h...
Tue, Dec 20 2016, 9:49 AM
The whole world is changing! There are 500 McDonalds in the United States that currently offer table service. The bring-your-burger-to-you trial has p...
Tue, Dec 20 2016, 8:37 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, Dec 20 2016, 5:28 PM
The holiday theme continued today, with bonds trading inside the range that's been intact since last week's Fed festivities.
As I'll likely ment...
Tue, Dec 20 2016, 4:01 PM
Mortgage rates are officially checked out for the holidays . Today marked the third straight day with very little change from the previous day's rates...
Mon, Dec 19 2016, 9:37 AM
Tis the season - for hearing from all the experts about what we can expect the coming year to bring. Today it is CoreLogic's Senior Vice President and...
Mon, Dec 19 2016, 9:28 AM
Post-election interest rate changes have considerably dampened mortgage lenders' expectations for mortgage demand. Fannie Mae's fourth quarter Mortgag...
Mon, Dec 19 2016, 9:07 AM
The cold temperatures sweeping the nation, especially in the Upper Plains, have plenty of folks wondering how Native Americans kept warm during the wi...
Mon, Dec 19 2016, 8:32 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, Dec 19 2016, 6:33 PM
There will definitely be a theme in the recap commentary for the rest of the year: holidays! It's hard to quantify exactly what the holiday season do...
Mon, Dec 19 2016, 5:00 PM
Mortgage rates stayed close to the highest levels in more than 2 years today, even though underlying bond markets left plenty of room for improvement....
Fri, Dec 16 2016, 11:09 AM
Housing starts retrenched in November , taking back much of their spectacular gains of October, while permits continued to display the general weaknes...
Fri, Dec 16 2016, 9:18 AM
The Fed reports US household net worth soared to a record $90.2 trillion in Q3, as the stock market jumped and housing prices increased. One group of ...
Fri, Dec 16 2016, 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, Dec 16 2016, 5:27 PM
"Holiday trading mode" doesn't guarantee uneventful, sideways bond market momentum, but it does up the chances. Actually, it's probably fairer to say...
Fri, Dec 16 2016, 4:40 PM
Mortgage rates stayed steady today, on average, though any given lender could be slightly better or worse compared to yesterday. Bond markets (which u...
Thu, Dec 15 2016, 11:56 AM
The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) soared by 7 points in December, reaching a level of 70, the highest r...
Thu, Dec 15 2016, 11:02 AM
Sorry for the delay on the morning commentary. As you can see, I had a lot on my mind. I also decided to go a different direction after reading the ...
Thu, Dec 15 2016, 9:24 AM
Both Freddie Mac and Fannie Mae will be rolling out a new foreclosure prevention programs next year to replace the expiring Home Affordable Mortgage P...
Thu, Dec 15 2016, 9:17 AM
As more people under the age of 30 enter residential lending, what is happening on the other end? Well, congrats to SunTrust's Elaine Lee who is retir...
Thu, Dec 15 2016, 6:56 PM
If you read anything I write today, make it The Day Ahead: The Death of a Long Term Trend; A Definitive Assessment.
If you want to read more, here'...
