Thu, May 5 2016, 4:24 PM
Mortgage rates held steady today, marking the 9th straight day without a move higher. 6 of those 9 days have seen mild to moderate improvements, ul...
Wed, May 4 2016, 9:56 AM
Bigger picture: bonds consolidating inside March/April range
Technicals all turning bullish, today is important confirmation
Data sensitivity is...
Wed, May 4 2016, 9:11 AM
Freddie Mac said today that the company had a net loss in the first quarter of 2016, the first time in four years that it has failed to show a pro...
Wed, May 4 2016, 9:06 AM
Most people hate getting older, but during the month of May getting older is how you get into the party. May is Older Americans Month where it is a ti...
Wed, May 4 2016, 8:55 AM
Average contract mortgage interest rates inched up again during the week ended April 29 and mortgage application activity slowed in response. The M...
Wed, May 4 2016, 5:36 PM
Very little movement overnight across multiple asset classes
ADP helped bonds slightly out of the gate
Tradeflows and late-morning economic data...
Wed, May 4 2016, 5:03 PM
Mortgage rates moved lower for the 6th day in a row today, bringing them in line with the best levels in more than a month. It should be noted, h...
Wed, May 4 2016, 1:36 PM
Fannie Mae’s Desktop Underwriter (DU) Version 10.0 kicks in June 25th, and has several changes that will significantly impact borrowers’ loan approv...
Wed, May 4 2016, 1:26 PM
A primer to the misunderstood factors that determine Jerry’s (and Shawn’s, and your) interest rates...
The excitement in Shawn’s voice was palpable...
Tue, May 3 2016, 10:43 AM
CoreLogic released the first of the major home price estimates for March on Tuesday. The company's Home Price Index (HPI) estimates for both January ...
Tue, May 3 2016, 10:38 AM
Change is all around us. The Wall Street Journal reports that the CFPB plans to bring the largest online lending platforms under its supervision by ...
Tue, May 3 2016, 10:02 AM
Bond markets threatened to bounce weaker yesterday
concern was that new month tradeflows were just the start of more selling
hope was that it ...
Tue, May 3 2016, 5:01 PM
Mortgage rates moved lower again today as stock markets tumbled. The weakness in stocks was led by the European banking sector with several big n...
Tue, May 3 2016, 5:01 PM
Gains were intact from the overnight session
massive losses in European bank stocks set the tone
Yes, Australia cut rates, but it wasn't much of...
Mon, May 2 2016, 10:21 AM
Do mortgage loan originators think that they can’t go to prison for something they did ten years ago? They'd better think again . And let's not f...
Mon, May 2 2016, 9:32 AM
Technicals were looking good late last week
But some risk that month-end trading was painting a rosy picture
we'll find out this week!
Las...
Mon, May 2 2016, 4:59 PM
Bonds had a chance to confirm the start of a new trend today
Instead, they stayed on last week's fence
Could be bad, could be nothing
ISM Pri...
Mon, May 2 2016, 4:26 PM
Mortgage rates moved just slightly lower today, despite the fact that bond markets were suggesting a move in the other direction. Mortgage rates ...
Mon, May 2 2016, 1:28 PM
Any benefits to affordability delivered by recent improvements in interest rates have been significantly downgraded or even erased by home price inc...
Mon, May 2 2016, 1:16 PM
Overall construction spending rose 0.3 percent in March to a seasonally adjusted annual rate of $1.14 trillion compared to $1.13 trillion in Februar...
Fri, Apr 29 2016, 11:29 AM
Does a financial boost from mom and dad make it more likely a young person will buy a home? It depends. And that might change.
Those statements...
Fri, Apr 29 2016, 11:26 AM
The Consumer Financial Protection Agency (CFPB) just opened the door to possible changes and refinements in its Know Before You Owe rule. The agenc...
Fri, Apr 29 2016, 10:37 AM
“They” say plenty of things about time flying as you grow older. (“Life is like a toilet paper role – the closer you get to the end the faster it goes...
Fri, Apr 29 2016, 8:31 AM
Bonds right on the edge of confirming positive shift
We need to hold ground today in order to confirm
Even then, we have to wonder about the "mo...
Fri, Apr 29 2016, 4:41 PM
European traders were month-end sellers, pushing rates higher overnight
US bond markets battled back during the domestic session
Treasuries were...
Fri, Apr 29 2016, 4:16 PM
Mortgage rates moved just slightly lower in most cases, to end the week at the best levels since April 19th. Mor importantly, the past 3 days of ...
Thu, Apr 28 2016, 12:24 PM
Home sales may be rising, but homeownership in the United States is heading down once again.
After gains in the second half of 2015, the homeowners...
Thu, Apr 28 2016, 10:39 AM
Home prices rose 0.7 percent from January to February according to Black Knight Financial Services. The company's Home Price Index (HPI) was at $245,...
Thu, Apr 28 2016, 10:32 AM
What has just moved from fifth place in the World Economic Forum's list of global risks to the top of the heap? The "failure of climate change medi...
Thu, Apr 28 2016, 10:20 AM
Do legal settlements between the government and lenders really do anything to expand credit to deserving home buyers needing to borrow money? I don’t ...
Thu, Apr 28 2016, 8:24 AM
Bond rally following yesterday's Fed brings trading levels right back to the top of the previous range
holding ground today with modest gains would...
Thu, Apr 28 2016, 5:17 PM
Bonds traded either side of unchanged early in the day
Little, if any response to GDP
Bigger move seen after the end of the auction cycle
Not...
Thu, Apr 28 2016, 4:50 PM
Mortgage rates continued lower for a second straight day, ultimately making it back to levels not seen since last Tuesday. Today's improvements are...
Wed, Apr 27 2016, 11:34 AM
Pending home sales rose for the second straight month in March although the increase was less than in February. The National Association of Realtors®...
Wed, Apr 27 2016, 9:49 AM
The “Tiny Home” movement is interesting, but 84 square feet ? That is enough to store my Hot Wheels, Match Box, and slot car collections. Am I thinki...
Wed, Apr 27 2016, 9:08 AM
Fed has history of using off-cycle meetings to set stage for policy action
OK, so it has only happened one--maybe two--times.
Is now one of thos...
Wed, Apr 27 2016, 8:13 AM
Mortgage application volume fell across the board during the week ended April 22. Applications were down for both purchase mortgages and refinancin...
Wed, Apr 27 2016, 5:18 PM
Very very simple day
markets were anxious that Fed might hint at June hike
Fed did NOT hint at June hike
Markets were happy
The end
...
Wed, Apr 27 2016, 4:48 PM
Mortgage rates caught a break today! After having moved sideways or higher for the past 7 days, and spending the last 3 at the highest levels in mor...
Wed, Apr 27 2016, 2:01 PM
(additions underlined, deletions struck-through)
For immediate release
Information received since the Federal Open Market Committee met in Janu...
Tue, Apr 26 2016, 10:12 AM
Home prices in the U.S. posted a 5.3 percent increase from February 2015 to February 2016 according to the S&P/Case Shiller index covering all nine U....
Tue, Apr 26 2016, 9:18 AM
With news swirling of US Bank’s mortgage reorganization last week, let’s not forget the regulator that touches every residential lender: the CFPB. T...
Tue, Apr 26 2016, 8:31 AM
Durable Goods at 830am and Consumer Confidence are bigger ticket reports than yesterday's New Home Sales
The econ data won't have the final word on...
Tue, Apr 26 2016, 5:18 PM
Weaker Durable Goods and Consumer Confidence Didn't Help
Bonds continued slow, steady selling trend
10yr yields topped out at 1.94
Fannie 3.0...
Tue, Apr 26 2016, 4:32 PM
Mortgage rates remained in line with their highest levels in a month for the third straight day . The average lender is now quoting convention...
Tue, Apr 26 2016, 3:49 PM
Housing remains the bright spot in a darkening economic outlook according to Freddie Mac's economists. Though they have revised their forecast for ec...
Tue, Apr 26 2016, 3:45 PM
Could it be that consumers actually seem to enjoy sitting at the closing table? That appears to be one finding from a recent survey of homeowners b...
Tue, Apr 26 2016, 3:41 PM
Mortgage servicing remains a sore spot for consumers, especially those having problems paying their loans. The Consumer Financial Protection Bureau...
Mon, Apr 25 2016, 10:57 AM
The national delinquency rate as reported by Black Knight Financial Services has now dropped to levels not seen in 15 years while the serious delinq...
Mon, Apr 25 2016, 10:53 AM
March was another disappointing month for new home sales however subsequent revisions continue to positively affect earlier estimates. The Census Bur...
