Wed, Aug 24 2016, 9:55 AM
Prices of homes financed by Fannie Mae or Freddie Mac increased by 0.2 percent from May to June the Federal Housing Finance Agency (FHFA) said today. ...
Wed, Aug 24 2016, 9:27 AM
Welcome to another episode of Extreme Boredom: Bond Market Edition.
In today's episode, bonds are pressing even further into record territory, only...
Wed, Aug 24 2016, 8:44 AM
Mortgage applications continued their modest downward track during the week ended August 19. The Mortgage Bankers Association said its Market Composit...
Wed, Aug 24 2016, 5:06 PM
Whether or not Yellen actually says something that moves markets on Friday is unimportant. Maybe she will. Probably she won't. Either way , we jus...
Wed, Aug 24 2016, 4:21 PM
Mortgage Rates , like most other interest rates, have seen record-setting levels of inactivity over the past 90 days. The Brexit vote in late June pus...
Tue, Aug 23 2016, 11:21 AM
Rather than the month-over-month decline expected, July new home sales soared above 600,000 units for the first time since late 2007. The U.S. Census ...
Tue, Aug 23 2016, 9:58 AM
The whole residential lending industry is abuzz about the article on housing in the Economist . "A decade on, the presumption is that the mortgage-deb...
Tue, Aug 23 2016, 9:32 AM
To say that bonds have been range-bound recently would be an understatement. I'm running out of ways to say it, and perhaps you're running out of the...
Tue, Aug 23 2016, 4:02 PM
We might have expected a bigger movement in the wake of the colossal improvement in New Home Sales (654k vs 582k previously, 580k forecast), but bon...
Tue, Aug 23 2016, 2:07 PM
Mortgage Rates were sharply sideways today, with almost every lender offering the exact same terms as yesterday. This is part of an ongoing phenomenon...
Mon, Aug 22 2016, 9:29 AM
Plenty of celebrities lose all their money, and then some, in various schemes. But here’s one Brady Bunch member that did pretty well in California re...
Mon, Aug 22 2016, 9:19 AM
By the end of this week--and quite possibly for the next several weeks--you'll be tired of hearing about Jackson Hole . I know I'm already tired of ...
Mon, Aug 22 2016, 6:00 PM
I apologize for tricking you with the title. The "shocking" part was unabashed sarcasm . It's not that anyone here is clairvoyant. Certainly, we n...
Mon, Aug 22 2016, 4:14 PM
Mortgage Rates were almost imperceptibly lower today, although underlying bond markets improved more noticeably. Why would rates not be more improved ...
Mon, Aug 22 2016, 2:16 PM
Mortgage delinquencies rose slightly in July; a change Black Knight Financial Services sees as seasonal. The number of mortgages that were 30 or more ...
Mon, Aug 22 2016, 1:51 PM
While the numbers remain small, the National Association of Home Builders (NAHB) notes there is a slowly increasing trend of single-family homes being...
Fri, Aug 19 2016, 11:22 AM
Fannie Mae said it is maintaining its forecast for 2016's GDP at the same 1.8 percent it forecasted in July despite the fact second quarter growth cam...
Fri, Aug 19 2016, 11:08 AM
In case it comes up at Happy Hour tonight, how are things working out in Japan? “The Bank of Japan, already a top-five owner of 81 companies in Japan’...
Fri, Aug 19 2016, 9:03 AM
Yesterday's recap signed off with the following thought: "no data on tap for tomorrow [in reference to today], the trading range should be as good a g...
Fri, Aug 19 2016, 4:10 PM
As the attached video suggests, "red happens." It really does! After all, if you were the puppet-master behind rate movement, and if you'd decided...
Fri, Aug 19 2016, 3:09 PM
Mortgage Rates moved modestly higher today , but remain in an excruciatingly narrow range in the bigger picture. Actually, there's nothing too excruci...
Thu, Aug 18 2016, 12:39 PM
Origination closing rates reached their highest levels of the year in July according to Ellie Mae's Origination Insight Report. The closing or pull-th...
Thu, Aug 18 2016, 9:26 AM
There are two and a half weeks before Labor Day, the traditional end of summer. For those out and about, and who like ice cream, MM sent along a list ...
Thu, Aug 18 2016, 9:20 AM
Picture it: a smoky lounge, the vaguely distinctive clinking of ice cubes in cocktail glasses, a mellow jazz band, and a tantalizing performance of "...
Thu, Aug 18 2016, 5:37 PM
Today was one of the many summer trading sessions that you wouldn't miss if it never happened . Bond markets ended up making modest gains after the ...
Thu, Aug 18 2016, 3:27 PM
Mortgage Rates continued avoiding drama today, moving moderately lower as bond markets held on to gains that followed yesterday's Fed Minutes. As we d...
Wed, Aug 17 2016, 11:42 AM
Touting its record of on-target estimate, CoreLogic has again anticipated the official conclusions about 2015 mortgage originations in advance of the ...
Wed, Aug 17 2016, 11:38 AM
Want to comment on TRID & Reg. Z? Click on the " How to Comment " button. Better to do it now, good or bad, than to complain about it after the commen...
Wed, Aug 17 2016, 9:37 AM
With no significant data set for this morning, markets' attention will be fully turned to this afternoon's FOMC Minutes release. The Minutes provid...
Wed, Aug 17 2016, 8:26 AM
Despite persistently low rates, consumers are not feeling too motivated to apply for home loans. The Mortgage Bankers Association said mortgage applic...
Wed, Aug 17 2016, 3:47 PM
Surprise surprise! The range is still the range for bond markets and mortgage rates. Yesterday's tough talk from Fed Presidents Dudley and Lockhar...
Wed, Aug 17 2016, 3:11 PM
Mortgage Rates were sideways to slightly higher today, although some lenders offered modest improvements after the release of the Minutes from the mos...
Tue, Aug 16 2016, 9:56 AM
Housing starts rose in July while permits fell from the previous month's rate for the third consecutive time. Both indicators, however, regained a pos...
Tue, Aug 16 2016, 9:35 AM
Only two weeks until Labor Day? How did that happen? Will AIG and Arch MI figure out which reps have which territories after the purchase of UG goes t...
Tue, Aug 16 2016, 8:30 AM
We've recently seen a refreshing reconnection between bond markets and economic data. I say "refreshing" because the classic connection between str...
Tue, Aug 16 2016, 3:48 PM
There's something that's just too fun about entertaining conspiracy theories --especially when it comes to the Fed's rhetorical platform. Take for i...
Tue, Aug 16 2016, 2:59 PM
Mortgage Rates were sideways to slightly higher today, depending on the lender. Several lenders issued mid-day reprices as bond yields moved higher th...
Mon, Aug 15 2016, 10:32 AM
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) improved slightly in August, but remained within the narrow ra...
Mon, Aug 15 2016, 10:31 AM
“Rob, are we heading back to loans with LTVs greater than 100%?” I doubt it, but certainly there are some high LTV programs out there, over and above ...
Mon, Aug 15 2016, 9:27 AM
If you're on the very youngest fringe of the mortgage market participant age range, you might know what a "meme" is. And if you're up to speed on anc...
Mon, Aug 15 2016, 4:15 PM
Strong home sales, near-historic low interest rates, a burst of refinancing, and continued home price growth are moving Freddie Mac's economic team to...
Mon, Aug 15 2016, 3:50 PM
Sure, we've 'endured' the rigors of a day-to-day ups and downs in bond markets over the past month, but if we step back from the charts by more than a...
Mon, Aug 15 2016, 3:01 PM
In addition to writing about mortgage rates , I also follow and analyze the underlying bond markets. Early on in that endeavor, one of my favorite phr...
Fri, Aug 12 2016, 3:20 PM
In the middle of a prolonged period of negative real interest rates and loose monetary policy aimed at managing inflation and helping economies, fears...
Fri, Aug 12 2016, 12:43 PM
The following is a true story (though the names have been changed to protect privacy) of how Carey and Jan bought their new home despite no down payme...
Fri, Aug 12 2016, 9:56 AM
Loan officers are very interested in guidance on things like Disparate Treatment and Disparate Impact. What would happen if an originator offered a di...
Fri, Aug 12 2016, 9:08 AM
By Wednesday of this week, we were assessing the possibility of a positive break of the range in bonds. Yesterday, those hopes were dashed by a fai...
Fri, Aug 12 2016, 4:23 PM
Today was another nice, simple day for bond markets. Yields entered the domestic session slightly lower, thanks to weak data overseas. Even then, ...
Fri, Aug 12 2016, 3:37 PM
Just a day after bouncing firmly higher from the lowest levels in a month, mortgage rates are right back down to the bottom of the recent range. For s...
Thu, Aug 11 2016, 12:34 PM
The delinquency rate for mortgages on one-to-four residential properties fell in the second quarter of 2016 to its lowest rate in exactly ten years wh...
