Mon, Jun 13 2016, 7:58 AM
Everyone's thoughts and prayers are with the victims of the horrible shooting in Orlando. But yes, Father's Day is coming up, and the first presidenti...
Mon, Jun 13 2016, 5:35 PM
European bonds did not lead the way lower for a change
But European (and domestic) stock markets sure did
10yr yields fell 3.1 bps to 1.613 as S...
Mon, Jun 13 2016, 4:25 PM
Mortgage rates haven't moved too much recently, and no one is complaining. While each of the past 5 days has only seen a modest drop in rates, they...
Mon, Jun 13 2016, 3:45 PM
Not only is student loan debt delaying first-time homebuyers, it is delaying them for a long time.
Seventy-one percent of non-homeowners with debts...
Fri, Jun 10 2016, 10:08 AM
For laughs all you have to do is read the news, and this story will fit right in with anyone’s 5th grade sense of humor. The Union Recorder reports on...
Fri, Jun 10 2016, 9:18 AM
10yr yields officially closed below 2016's range boundary yesterday
Today beginning in even stronger territory
Looking at other markets, this o...
Fri, Jun 10 2016, 5:49 PM
Brexit leads European panic
European panic leads bond yields lower
Europe gets their fill just after 10am and markets reverse
US bond markets...
Fri, Jun 10 2016, 5:01 PM
Mortgage rates crept just barely lower today, but it was enough to leave the average lender's rate sheet in its best shape since May of 2013. (At t...
Thu, Jun 9 2016, 10:19 AM
Negative equity continued to decline in the first quarter of 2016. CoreLogic said today that 268,000 homeowners regained an equity position in their ...
Thu, Jun 9 2016, 10:15 AM
Today I am in Albany for the NY MBA conference , but yesterday I was in Las Vegas with its hordes of retirees. People who say they want to live to be...
Thu, Jun 9 2016, 9:28 AM
European bond buying failed to provide a big boost yesterday
Bonds instead getting a boost today, right out of the gate, but not exclusively from E...
Thu, Jun 9 2016, 5:28 PM
MBS ended 1 tick lower, but apart from yesterday, it tied the best closing levels in more than a year
10yr yields ended at 1.682, 2.2bps lower
E...
Thu, Jun 9 2016, 4:18 PM
Mortgage rates moved slightly lower today, bringing them to levels seen only one other time in the past 3 years. Even then, that "other time" was o...
Wed, Jun 8 2016, 10:09 AM
With mortgage interest rates generally down since the end of last year CoreLogic's principal economist Molly Boesel took a crack this week at figuring...
Wed, Jun 8 2016, 10:05 AM
While consumers are still conflicted about whether it is still a good time to buy or to sell, their perceptions about financial aspects of their liv...
Wed, Jun 8 2016, 9:45 AM
Mortgage bank profits increased substantially in the first quarter of the year compared to the last quarter of 2015 the Mortgage Bankers Association...
Wed, Jun 8 2016, 9:13 AM
In reviewing Fannie MORA and Freddie CORE reviews it's clear that seller/servicers continue to struggle with establishing and implementing an internal...
Wed, Jun 8 2016, 8:46 AM
The Mortgage Bankers Association (MBA) reported another of those holiday-centered weeks of mortgage application activity where it is anyone's guess ...
Wed, Jun 8 2016, 8:40 AM
The last time the European Central Bank officially embarked on a big bond buying campaign, we were a few months into 2015 and US rates had already b...
Wed, Jun 8 2016, 5:12 PM
10yr yields hit 1.697 today, matching last Friday's best levels--the lowest since April 7th
Less than 2bps of movement all day though!
Fannie 3....
Wed, Jun 8 2016, 4:40 PM
Mortgage rates barely budged, yet again today. But that's not such a bad thing considering they are very close to 3-year lows. On top of that, amo...
Tue, Jun 7 2016, 10:43 AM
The second of the major home price estimates for April was released by CoreLogic on Tuesday and tracks, on an annual basis, closely with the first, re...
Tue, Jun 7 2016, 10:13 AM
Welcome to a day of primary elections in New Jersey, Montana, New Mexico, South & North Dakota…and California. As one pundit pointed out, “The problem...
Tue, Jun 7 2016, 9:42 AM
Bonds have maintained long-term consolidation trend almost all year
We have yet to see a meaningful attempt to break out
But such an attempt mus...
Tue, Jun 7 2016, 5:25 PM
10yr German Bunds hit 0.048 today
Tomorrow marks inception of Europe's corporate bond buying program
US bond markets rallied during European hou...
Tue, Jun 7 2016, 4:49 PM
Mortgage rates were sideways to slightly lower today, keeping them in line with the lowest levels in more than three years. While there are a few a...
Mon, Jun 6 2016, 9:45 AM
Uh oh: New York state’s financial regulator sent a letter to 28 fin tech companies seeking information about their online lending activities. But ...
Mon, Jun 6 2016, 9:36 AM
Very light economic calendar this week
Fed Announcement next week
Yellen speaks later today (jobs data will invariably come up)
bond yields a...
Mon, Jun 6 2016, 5:17 PM
Bonds slightly weaker for no overt reasons
Yellen speech hotly anticipated and quickly overlooked
Taken together with Friday's gains, today mean...
Mon, Jun 6 2016, 4:48 PM
Mortgage rates moved slightly higher today, erasing only some of the massive improvements seen after last Friday's jobs report. In general, most le...
Mon, Jun 6 2016, 2:12 PM
Delinquencies on home equity lines of credit (HELOCs) have increased on an annual basis twice in the six months ended in March according to Black Knig...
Fri, Jun 3 2016, 9:41 AM
“Rob, do you know of any banks looking to buy pools of home equity lines of credit?” Ah, the Holy Grail for plenty of non-bank lenders. You can check ...
Fri, Jun 3 2016, 8:17 AM
Strong, stable payroll growth is old news. Yet another NFP reading north of 150k or another 5%-ish unemployment reading are just a few more bricks in...
Fri, Jun 3 2016, 4:35 PM
Jobs reports generally don't move markets any more
But they do when they're this far from the forecast
NFP came in at 38k vs 164k
This adds t...
Fri, Jun 3 2016, 3:09 PM
Friday's disappointing jobs report is likely an anomaly, but it was bad enough to wipe out any chance that the Federal Reserve will raise interest rat...
Fri, Jun 3 2016, 2:29 PM
Mortgage rates plummeted today, relatively speaking, fully erasing the damage done 2 weeks ago after the Fed Minutes sent rates higher at the fastes...
Thu, Jun 2 2016, 10:20 AM
What do buyers worry about as they shop for a home? It turns out one growing concern is other buyers like them.
A Redfin survey of nearly 1,000 ...
Thu, Jun 2 2016, 10:08 AM
Mortgage credit access continued to inch down in May. The Mortgage Bankers Association said its Mortgage Credit Availability Index (MCAI) decreased t...
Thu, Jun 2 2016, 9:53 AM
Last night in Texas I had dinner with Seattle AE Bryson Bede and regional manager Dennis Waller from Parkside Lending. The discussion was focused ...
Thu, Jun 2 2016, 8:19 AM
ADP data rescheduled for today
ECB Press Conference on tap
Not much else by way of data
Slow trickle of gains makes for potential momentum sh...
Thu, Jun 2 2016, 4:30 PM
Bonds rallied on rate-friendly press conference from European Central Bank
Gains subsided as Europe closed
Bounce in oil and stocks may have con...
Thu, Jun 2 2016, 3:21 PM
Mortgage rates rose modestly today, despite improvements in underlying bond markets. This was in line with our discussion about "the catch" associa...
Wed, Jun 1 2016, 10:50 AM
Construction spending continued to disappoint in April, but unlike in the preceding three months, residential construction also declined. The Census...
Wed, Jun 1 2016, 9:53 AM
How high is too high? When it comes to home prices the wounds left from the Great Recession make this question an important one. Amidst that event, ...
Wed, Jun 1 2016, 9:36 AM
Fed Chair Janet Yellen appears to be doing her part to warn the markets that the odds of a short-term rate hike in the next few months are pretty goo...
Wed, Jun 1 2016, 8:21 AM
Applications for mortgages slowed appreciably during the week ended May 27 and average mortgage rates scattered in all directions. The Mortgage Ban...
Wed, Jun 1 2016, 8:20 AM
Yesterday was tense at moments, with several attempts made to break the range
Not only did the range hold, but we quickly moved back to the other s...
Wed, Jun 1 2016, 4:44 PM
Bond markets stronger overnight
New 2-week lows in 10yr yields, but weaker bounce after ISM
Biggest issue with ISM was Prices Paid (63.5 vs 59.8...
Wed, Jun 1 2016, 3:49 PM
Mortgage rates fell to their lowest levels in roughly two weeks this morning. That's a seemingly positive statement, but while it's true, there are...
Tue, May 31 2016, 10:42 AM
The annual pace of price gains nationally slowed slightly in March according to the S&P Case-Shiller National Home Price Index. The 10- and 20-City C...
