Fri, Mar 4 2016, 9:23 AM
This is the only day of the year that sounds like a military command: "March Forth"! That is certainly not as interesting as the SAT eliminating "tri...
Fri, Mar 4 2016, 8:23 AM
"Stop me if you've heard this one before. There's this epic long-term inflection point defined by 10yr yield levels 1.84-1.86. It stretches back to 2...
Fri, Mar 4 2016, 5:53 PM
Jobs report was good, mostly (242k vs 190k forecast, but some internal weakness)
10yr yields breaking 1.84 support is bad
10yr yields holding un...
Fri, Mar 4 2016, 5:10 PM
Mortgage rates moved only moderately higher today after the Employment Situation report came out much stronger than expected. The all-important jo...
Thu, Mar 3 2016, 12:49 PM
Freddie Mac and Fannie Mae have long advocated for homebuyer education but as Freddie Mac points out in this month's edition of Insight and Outlook, ...
Thu, Mar 3 2016, 9:58 AM
Any loosening of credit access in February was offset by
tightening by other programs the Mortgage Bankers Association (MBA) said on
Thursday. Cons...
Thu, Mar 3 2016, 9:52 AM
Household debt increased 0.4% in the fourth quarter, according to the NY Fed . Student loan and auto loan financing are growing the most, while mort...
Thu, Mar 3 2016, 8:31 AM
Let's not overcomplicate things too much when it comes to the 2016 bond market rally. In fact, let's move in the other direction for a moment and con...
Thu, Mar 3 2016, 5:28 PM
Bonds slightly weaker overnight; low volume; lack of inspiration
Domestic trading stayed very flat until 11:20am
Bonds rallied sharply but bri...
Thu, Mar 3 2016, 4:31 PM
Mortgage rates began the day slightly higher, on average, but managed to make it back in line with yesterday's levels by the afternoon. Some lend...
Wed, Mar 2 2016, 10:55 AM
March... St. Patrick's Day, the religious holiday to honor St. Patrick who introduced Christianity to Ireland in the fifth century. Fortunately there ...
Wed, Mar 2 2016, 9:50 AM
Despite slightly lower interest rates mortgage applications slowed during the week ended February 26. The Mortgage Bankers Association's (MBA) said m...
Wed, Mar 2 2016, 7:31 AM
We're getting into some tricky territory with respect to market behavior and predicting the future. 2016 has been fairly unidimensional so far. B...
Wed, Mar 2 2016, 5:40 PM
Treasuries flat overnight, despite various cues in other markets
Bonds move weaker following ADP data, but damage immediately contained
Rest of ...
Wed, Mar 2 2016, 4:38 PM
Mortgage rates continued farther into to the highest levels since early February today. The current territory is important in the bigger pi...
Wed, Mar 2 2016, 1:46 PM
Only slightly more than 10 percent of all home sales in December were distressed properties. CoreLogic said on Wednesday that sales of lender owned r...
Wed, Mar 2 2016, 1:45 PM
The National Association of Home Builders (NAHB) took an in-depth look at one aspect of the Census Bureau's report on January construction expenditure...
Tue, Mar 1 2016, 12:04 PM
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Tue, Mar 1 2016, 11:56 AM
Home prices rose 0.1 percent in December according to Black
Knight Financial Services. The company's
Home Price Index (HPI) ended the month at $253...
Tue, Mar 1 2016, 11:32 AM
Publicly funded construction accounted for most of the gain in overall construction spending in January. The Census Department said on Tuesday that...
Tue, Mar 1 2016, 10:57 AM
I head to Atlanta today for a conference on preventing fraud, and decided to see what its housing market has been up to recently. It turns out that At...
Tue, Mar 1 2016, 7:31 AM
Whether you fancy a tug-o-war analogy, or perhaps even a good old case of dueling banjos, US bond markets have been in the middle of a relative batt...
Tue, Mar 1 2016, 5:44 PM
Stock rally hurts bonds
Even before that, corporate issuance added pressure
New March trading position-taking (and ultimately, profit-taking and...
Tue, Mar 1 2016, 5:03 PM
Mortgage rates moved quickly higher today, bringing them to levels not seen since early February. It continues to be the case that context is impor...
Mon, Feb 29 2016, 11:00 AM
Pending home sales kicked off 2016 by declining nationally and in three of the country's four regions. The National Association of Realtors® (NAR) sa...
Mon, Feb 29 2016, 10:58 AM
Why has one of the nation's most critical issues been missing from the presidential debates? Faith Schwartz, CoreLogic's Senior Vice President for ...
Mon, Feb 29 2016, 10:31 AM
Lenders everywhere are looking forward to a great March given their swollen locked pipelines . As thousands of operations folks descend on Ellie's co...
Mon, Feb 29 2016, 9:12 AM
The relationship between short and long term yields is an important indicator for bond markets and the broader economy. 10yr yields are almost alwa...
Mon, Feb 29 2016, 5:41 PM
It was a tremendously calm day for bond markets. In fact, 10yr yields held a range of 1.73 to 1.768--the narrowest of the entire year . Still, the ...
Mon, Feb 29 2016, 5:10 PM
Mortgage rates were slightly lower today, recovering only some of the weakness seen over the past several business days. Apart from last Friday, to...
Fri, Feb 26 2016, 10:58 AM
I continue to see lenders and vendors who are trying to help their clients in the best ways they know how in spite of the labyrinth of weighty, and o...
Fri, Feb 26 2016, 8:30 AM
Stocks and oil have had a big impact on bonds, but they're not the only story
Central bank rhetoric has been helping Treasuries hold ground when st...
Fri, Feb 26 2016, 7:41 PM
After yesterday's strong performance it would have been nice to at least hold those gains. If that had happened, the bigger picture would look decid...
Fri, Feb 26 2016, 5:55 PM
Mortgage rates moved higher again today--this time at a slightly quicker pace--bringing averages up to the highest levels in at least a week. That ...
Fri, Feb 26 2016, 2:42 PM
In a speech this week to its Consumer Advisory Board the director of the Consumer Financial Protection Bureau (CFPB) laid out nine goals for the Bur...
Fri, Feb 26 2016, 2:33 PM
The percentage of homes sales that were all cash transactions increased in November, bucking a long term trend . CoreLogic, in its monthly cash sale...
Thu, Feb 25 2016, 11:17 AM
The Federal Housing Finance Agency's House Price Index (HPI) for December came in slightly higher than the Case-Shiller National Home Price Index di...
Thu, Feb 25 2016, 11:11 AM
How much do small firms spend on examiners and auditors camping out in their shops? And w hat about legal bills? I am sure it is a tiny fraction of w...
Thu, Feb 25 2016, 7:34 AM
Over the past few days, we've seen bigger-than-normal intraday swings in bond markets. The day began with one trend in force only to end with tradi...
Thu, Feb 25 2016, 5:32 PM
Data overlooked as bonds react to stocks/oil early
Bonds then ignore stock/oil rally later in the day and hold ground at stronger levels
Could ...
Thu, Feb 25 2016, 4:39 PM
Mortgage rates were slightly higher today, and that leaves them much higher than the long-term lows seen 2 weeks ago. Of course "much" is a relativ...
Thu, Feb 25 2016, 1:14 PM
In a new white paper titled Home Equity Lending Landscape , CoreLogic says that in the recent past homeowners who wanted to tap the equity in their h...
Wed, Feb 24 2016, 11:00 AM
A sharp drop in sales in the West brought about an overall decline in the national rate of new home sales in January. The U.S. Census Bureau and the ...
Wed, Feb 24 2016, 10:44 AM
Here's your IT lesson for the day. The NSA's Skynet program utilizes metadata to identify suspected terrorists. The system uses mass surveillance of...
Wed, Feb 24 2016, 9:33 AM
After two straight weeks of solid refinance-driven growth, mortgage application volume retreated during the week ended February 19. The Mortgage Ban...
Wed, Feb 24 2016, 9:09 AM
10's have been bouncing at 1.71, secretly, overnight
It's breaking this morning and the next battle is clearly implied by early February trading pa...
Wed, Feb 24 2016, 5:44 PM
Bonds start strong. Good MBS gains and a few positive reprices early
Everything went south as oil jumped off lows
Stocks jumped even higher and...
Wed, Feb 24 2016, 4:30 PM
Mortgage rates generally held their ground today. In fact, rates were lower than yesterday's, on average, but quite a few lenders raised rates from...
Wed, Feb 24 2016, 3:59 PM
Fannie Mae is updating its Selling Guide to include changes several areas. The changes include elimination of the continuity of obligation policy ...
Tue, Feb 23 2016, 11:01 AM
Existing home sales and home prices both increased in January, the latter again driven by a tight supply of available houses in many markets. The Nat...
