Wed, May 13 2015, 7:34 AM
Who's to say if the next correction will be like the last correction which lasted all of 1.5 days before bonds got blasted again? But even the bigges...
Wed, May 13 2015, 4:02 PM
No love for bond markets...
That's the only possible takeaway after a day where technicals are stacking up in a friendly way, Retail Sales and seve...
Wed, May 13 2015, 3:31 PM
Mortgage rates can't catch a break . They're not much higher than yesterday, but yesterday was already the worst of 2015 .
Actually, it's the b...
Tue, May 12 2015, 10:56 AM
While the decline in foreclosure activity is still ragged on
a month-to-month basis significant changes are increasingly evident
year-over-year. ...
Tue, May 12 2015, 10:50 AM
Incremental
increases in credit access continued in April according to the Mortgage Bankers
Association's Credit Availability Index (MCAI).
The In...
Tue, May 12 2015, 10:46 AM
I
am attending a conference in Oregon and yesterday someone asked me,
"Rob, have you heard of the MBA doing something to educate anyone in
schoo...
Tue, May 12 2015, 7:34 AM
In some ways and in some instances , past precedent can have some sort of predictive value. 9 times out of 10 though, it's only the sort of thing ...
Tue, May 12 2015, 5:17 PM
Who can forget this classic quip when asked why rates are higher: "more sellers than buyers?" OK, so maybe that's not so classic, depending on your...
Tue, May 12 2015, 3:55 PM
Mortgage rates moved disconcertingly higher again today, despite the fact that underlying market levels actually improved during the day. Guaran...
Tue, May 12 2015, 1:29 PM
Bonds were horribly weaker yet again overnight, and the same old factors are in play. These aren't glamorous, satisfying to understand, or easy to ex...
Mon, May 11 2015, 10:52 AM
Taking a quick look at what people are doing with their money, just 14% of American households own individual stocks,
according to Federal Reserve d...
Mon, May 11 2015, 7:34 AM
Bond markets sold-off too far and too fast heading into last week's jobs report. In fact, even by Thursday morning (overnight), the sell-off had reac...
Mon, May 11 2015, 5:42 PM
As I check my mental inventory of recent headline titles, I find it interesting and scary that the only other times that compare historically have bee...
Mon, May 11 2015, 4:49 PM
Mortgage rates moved quickly
back to their recent highs today as investors race to reposition for a
perfect storm of risks. The biggest risk i...
Mon, May 11 2015, 2:20 PM
Home price appreciation accelerated in
many metropolitan areas in the first quarter of 2015. The National Association of Realtors® (NAR) again
sa...
Mon, May 11 2015, 2:08 PM
The House Financial Services Committee (FSC) has scheduled a hearing
(through its subcommittee on Housing and Insurance) on May 14 titled "TILA-RESPA...
Mon, May 11 2015, 1:39 PM
This isn't the most enjoyable way to begin the new week, but it was one of the options suggested by recent trends. Specifically, this option was the ...
Fri, May 8 2015, 10:11 AM
According
to the MBA's Quarterly Index of Commercial/Multifamily Mortgage Bankers
Originations for the first quarter of 2015, the YoY origination ...
Fri, May 8 2015, 7:34 AM
Today is probably the most interesting of the year when it comes to long term implications for domestic bond markets. If you think about it, things m...
Fri, May 8 2015, 4:54 PM
The game is not over. We didn't just miraculously win against all odds. The sell-off that's plagued bond markets for the past 2 weeks can't yet be...
Fri, May 8 2015, 4:14 PM
Mortgage rates had been under heavy attack for several weeks before finally striking back yesterday. The counterattack could only go so far with...
Fri, May 8 2015, 3:17 PM
A million or more consumers nationwide
may see their credit histories improve as a result of an agreement in a Federal
Bankruptcy Court in White Pla...
Fri, May 8 2015, 1:27 PM
If you observe nothing else from anything I've written this week, it should be the calls for a technical correction on Wednesday and Thursday. Those ...
Thu, May 7 2015, 10:59 AM
For aging LOs and real estate agents, a report by Genworth Financial
finds the median bill for 1 year in a nursing home is now $91,250 vs.
$87...
Thu, May 7 2015, 7:34 AM
Yesterday's morning commentary contained a chart and discussion on Treasury yields breaking above the upper bollinger band for 5 consecutive days....
Thu, May 7 2015, 5:33 PM
Before the Fed wrapped up QE purchases last year, the amount of movement we saw in the first few minutes of the day would have bordered on catastrophi...
Thu, May 7 2015, 4:54 PM
Mortgage rates finally dug in their heels and made some slight improvements today . For the past 4 days, they'd moved higher at the fastest pace ...
Thu, May 7 2015, 3:57 PM
Fannie Mae said on Thursday that while
the results of its April National Housing Survey showed some improvement in housing
sentiment, it was "likely...
Thu, May 7 2015, 3:49 PM
Both
government sponsored enterprises (GSEs) reported profitable first quarter
financial results for the first quarter.
Both will pay a dividend...
Thu, May 7 2015, 1:35 PM
Move over Pontiac. Bond market volatility is driving excitement.
While that may be one of the worst s entences I've ever written, it has the red...
Wed, May 6 2015, 12:47 PM
I
received this note from a veteran LO in a western state. "I was talking
with a top-producing Realtor on broker tour this week. Unlike too many
...
Wed, May 6 2015, 10:58 AM
Applications for refinancing cratered last week, reaching their lowest
level in four months according to the Mortgage Bankers Association's (MBA's) W...
Wed, May 6 2015, 7:34 AM
The sell-off is getting old , literally and figuratively. Of course it's old in the sense that no one likes it, but what about it's objective age?
...
Wed, May 6 2015, 5:16 PM
Bonds sold off again. Don't look so surprised.
Yes, ADP data was weaker than expected, but it didn't matter due to pervasively weaker momentum ...
Wed, May 6 2015, 4:58 PM
Six federal regulators recently issued a final rule setting requirements for
state registration and supervision of appraisal management companies (A...
Wed, May 6 2015, 3:54 PM
Mortgage rates are having a rough couple of weeks. Yesterday saw rates approach the previous 2015 highs set on March 6th. Today's rates moved s...
Wed, May 6 2015, 1:40 PM
About one in 10 American adults have
no credit history according to a report from the Consumer Financial Protection
Bureau, a total of 26 million ...
Wed, May 6 2015, 1:38 PM
You'll notice an ongoing theme over the past few weeks as we talk about the selling pressure in bond markets, and that is that this sell-off should be...
Tue, May 5 2015, 11:52 AM
Nationwide
home prices are now within 10 percent of their pre-crash peaks and seven states
have surpassed those peaks, some have been establishing...
Tue, May 5 2015, 10:38 AM
I
grew up with a lock on my locker in school. Every once in a while
someone would have their combination stolen and locker broken into. Or
at le...
Tue, May 5 2015, 7:34 AM
Everywhere you look, pundits are slamming the bond market , both at home and abroad. This is usually the first sign that we're about to bounce back ...
Tue, May 5 2015, 6:17 PM
Given how critical first-time homebuyers are
to the housing system the Urban Institute says it is important to accurately
measure how present they...
Tue, May 5 2015, 6:11 PM
Bond markets sold off again today, though it wasn't necessarily destined to be the case. In other words, it actually took several events working to...
Tue, May 5 2015, 3:49 PM
Mortgage rates haven't been able to catch a break recently. Case in point, over the past 3 weeks, there have only been two days where rates manage...
Tue, May 5 2015, 1:22 PM
Ever have one of those days where it seems that the odds are hopelessly stacked against you? That's the sort of week and a half that bond markets hav...
Mon, May 4 2015, 9:53 AM
By
now the remains of the pizza lunches for everyone working OT to deliver
a successful April have been cleared away, and lenders are optimistic
...
Mon, May 4 2015, 7:34 AM
After rising to the highest side of the long term trend last week, yields have a chance to explode higher, or re-commit to the range this week. "Expl...
Mon, May 4 2015, 5:29 PM
The last 5 days have been ugly for bond markets--not quite as the beginning of February, but this time around, we aren't bouncing off multi-year lows....
Mon, May 4 2015, 4:18 PM
Mortgage rates continued higher today, extending a troubling move up to the highest levels since early March. Normally, movement in domestic inter...
Mon, May 4 2015, 3:45 PM
After looking at housing booms and busts in 20 countries,
three economists have concluded that the likelihood of a boom ended in a
housing market cy...
