Wed, Jul 20 2016, 10:22 AM
Remember when someone was "fired" instead of "managed out?" Then there's a good old-fashioned purge like what Turkish President Erdogan did yesterday ...
Wed, Jul 20 2016, 9:25 AM
Bond yields hit all time lows. Then they bounced higher. Widespread discussion ensued on the next "key levels" to watch. The goal, of course, is ...
Wed, Jul 20 2016, 8:19 AM
Interest rates reversed direction during the week ended July 15, ending, whether temporarily or not, several weeks of declines. In response, applicat...
Wed, Jul 20 2016, 4:30 PM
Over the past two days there has been a relative explosion of analyst interviews (from big firms like JP Morgan , etc.) calling for big, inevitable...
Wed, Jul 20 2016, 3:04 PM
CoreLogic, in a recent article on its blog, celebrated, if that's the word, the 10 th anniversary of the housing bubble. Principal Economists David ...
Wed, Jul 20 2016, 2:24 PM
Mortgage rates held perfectly steady today, with most lenders offering the exact same quotes as yesterday. The most prevalent conventional 30yr fix...
Tue, Jul 19 2016, 10:38 AM
The Residential Construction Report from the U.S. Census Bureau and the Department of Housing and Urban Development reported that, while both permits ...
Tue, Jul 19 2016, 9:22 AM
Summer time… barbecues, time in the sun, fun on the water – unless you’re in Michigan and you believe that rivers flow in circles and one spends thr...
Tue, Jul 19 2016, 8:49 AM
The concept of "the gap" is one of the most basic when it comes to analyzing charts of financial market movement. Under the most common definition of...
Tue, Jul 19 2016, 5:15 PM
In the magical sharing circle that is global financial markets, the "talking stick" was passed to bonds, as it is every day. But rather than share a ...
Tue, Jul 19 2016, 4:01 PM
Mortgage rates were sideways in some cases today, and very slightly lower in others, making for one of their better performances over the past few w...
Tue, Jul 19 2016, 2:43 PM
CoreLogic has cut back the timeline under which it expects to see distressed properties return to the share of sales that prevailed prior to the housi...
Mon, Jul 18 2016, 10:45 AM
Rates have crept back up to pre-Brexit levels. Will the rates borrowers locked in during the last week of June be the stuff of cocktail party bragging...
Mon, Jul 18 2016, 10:26 AM
The National Association of Home Builders (NAHB) said its Housing Market Index (HMI), which it produces in cooperation with Wells Fargo, barely budge...
Mon, Jul 18 2016, 9:33 AM
Have you noticed a few more email auto-responses starting late last week? Summer travel season is in full swing and this week is an especially good "...
Mon, Jul 18 2016, 6:18 PM
Friday afternoon was a complicated thing to think about when it comes to markets and their motivations for movement. Given the time of day that the T...
Mon, Jul 18 2016, 5:23 PM
Mortgage rates remain under pressure over the past few weeks after hitting near-all-time lows in early July. With one exception, rates have been ei...
Fri, Jul 15 2016, 12:00 PM
During Happy Hour tonight you can work this one into the conversation: Minnesota has 90,000 miles of shoreline. Is that a lot? It is more than Califor...
Fri, Jul 15 2016, 12:00 PM
Who is Gary Johnson? He’s the Libertarian candidate for president this year. And given the “unusual” presidential situation this year, and the current...
Fri, Jul 15 2016, 8:31 AM
Granted, economic data in the US is far from the only game in town at the moment. In fact, it's probably one of the least important games there is, ...
Fri, Jul 15 2016, 6:34 PM
Except for the very end of the trading session, today was all about domestic economic data and all about the logical bond market weakness that followe...
Fri, Jul 15 2016, 5:39 PM
Mortgage rates have been moving higher, in general, this week. That upward momentum tends to coincide with weakness in broader bond markets. For i...
Fri, Jul 15 2016, 3:30 PM
While markets don't believe the Fed will really raise interest rates this year, it could surprise them with at least one hike later in the year.
...
Thu, Jul 14 2016, 12:46 PM
New home sales are predicted to have dipped by a
fraction in June in a report Thursday from the Mortgage Bankers Association (MBA). Based on informa...
Thu, Jul 14 2016, 8:30 AM
Bonds are back on the ropes again to start the day as the Bank of England (BOE) surprised markets by holding rates steady. This was their way of fl...
Thu, Jul 14 2016, 5:20 PM
Bond markets weakened overnight as Yen/USD surged higher (meaning Yen is weakening versus the dollar). This has to do with the potential for new stim...
Thu, Jul 14 2016, 4:28 PM
Mortgage rates were slightly higher again today, and this time, it's personal! OK, so it's not really "personal," but it is now more of a concern f...
Wed, Jul 13 2016, 10:28 AM
“Cuz they ain’t makin’ any more of it” is the traditional response to the question about why should anyone buy real estate. But builders, straining to...
Wed, Jul 13 2016, 9:06 AM
Have you ever wondered why technical analysts and other seemingly savvy market commentators tend to reference moving averages that are nice, round nu...
Wed, Jul 13 2016, 8:18 AM
Record low interest rates coupled with a major American holiday made for a bit of chaos as regards mortgage applications. The Mortgage Bankers Asso...
Wed, Jul 13 2016, 6:04 PM
US bond markets were completely done moving by the time the domestic session began. Case in point, 10yr yields ended the day at 1.473, exactly the sa...
Wed, Jul 13 2016, 4:56 PM
Mortgage rates moved just slightly lower today, following a fairly abrupt spike over the first two days of the week. This the sort of movement that...
Tue, Jul 12 2016, 11:54 AM
Lou Holtz observed, "Never tell your problems to anyone....80% don't care and the other 20% are glad you have them." People who don’t understand econo...
Tue, Jul 12 2016, 9:21 AM
Back in the good old days during the infancy of the financial crisis, much was made of Bernanke's study of Japan's massive, long term , secular defla...
Tue, Jul 12 2016, 6:42 PM
The very next day after Brexit headlines sunk 10yr yields to long-term lows in late June, we began talking about "1.53%" in 10yr Treasury yields. Thi...
Tue, Jul 12 2016, 5:01 PM
Mortgage rates are on the move, heading noticeably higher after a more subtle increase yesterday. With that, this week now stands as the first majo...
Tue, Jul 12 2016, 2:40 PM
CoreLogic reported on Tuesday that the foreclosure inventory, the number of homes in some stage of foreclosure, had dropped to 390,000 in May, represe...
Tue, Jul 12 2016, 1:10 PM
The Brexit decision continues to reverberate and Freddie Mac, in its current issue of Outlook sees it as both a plus and a minus for the U.S., and n...
Mon, Jul 11 2016, 9:35 AM
I certainly see “out of office” replies increase during the summer. But some people seem to take as little vacation as possible, sometimes making thos...
Mon, Jul 11 2016, 9:04 AM
To whatever extent economic data matters, the week ahead will gradually crescendo by Friday, which boasts the two most important reports: CPI and Ret...
Mon, Jul 11 2016, 5:41 PM
If I didn't know any better, I'd say it looked like MBS were simply "tired of moving" in relative proportion to Treasuries as the latter undergo some ...
Mon, Jul 11 2016, 5:10 PM
Mortgage rates moved higher today, but not by very much, considering the amount of movement seen in other corners of financial markets. For instanc...
Mon, Jul 11 2016, 5:08 PM
Mortgage credit availability appeared to decrease
again in June. It was the fourth
consecutive month the Mortgage Bankers Association's (MBA's) Mor...
Mon, Jul 11 2016, 5:06 PM
In its "first look" at May mortgage data published last month Black Knight Financial Services noted that the prepayment rate for mortgages, historical...
Fri, Jul 8 2016, 11:51 AM
The nation’s thoughts and prayers go out to the families of the five Dallas police officers who were killed and six others wounded after snipers fired...
Fri, Jul 8 2016, 8:20 AM
Perhaps as long ago as April 2014, when the first major talk of the European Central Bank's impending QE plan began circulating, domestic economic dat...
Fri, Jul 8 2016, 5:36 PM
I wouldn't go so far as to say "the impossible happened today," but at the very least, we could call it "the improbable." A lot was at stake headin...
Fri, Jul 8 2016, 4:44 PM
Mortgage rates held surprisingly steady despite a strong employment headline. The big jobs report came out today, and it showed payroll creation at...
Thu, Jul 7 2016, 10:20 AM
Doug T. writes, “There's a strange new trend in the office: people are putting names on food in the company fridge to keep them cold. Today I had a sa...
Thu, Jul 7 2016, 9:00 AM
After an epic run to all-time Treasury lows (and nearly all-time mortgage rate lows) bond markets are flashing warning signs about a bounce. This sor...
