Fri, Jan 9 2015, 3:53 PM
Mortgage rates moved lower after this morning's Employment Situation Report, though not necessarily because of it. After 2 days spent correcting...
Fri, Jan 9 2015, 3:03 PM
Owners of some 90 percent of mortgage properties in the U.S.
now have some degree of equity in their homes.
CoreLogic said today that 273,000 prop...
Fri, Jan 9 2015, 2:49 PM
It was notable in the years after the
housing collapse that the composition of investors in single family real estate
changed drastically. Long t...
Fri, Jan 9 2015, 2:39 PM
Even though consumers are becoming increasingly optimistic about
the economy and comfortable that it is heading in the right direction, results
of t...
Fri, Jan 9 2015, 1:26 PM
It's been a surprisingly busy morning for financial markets, and very little of that has to do with NFP. Bonds were slightly stronger overnight and...
Thu, Jan 8 2015, 10:39 AM
Stuart Quinn, a policy research and strategy analyst for CoreLogic
summarizes 2014 as a period of consumption for housing market participants when
i...
Thu, Jan 8 2015, 10:27 AM
Accessibility to mortgage credit rose in December. The Mortgage Bankers Association said today
that its Mortgage Credit Availability Index (MCAI) we...
Thu, Jan 8 2015, 10:22 AM
Congrats
to Allan Landon, the former CEO of Bank of Hawaii Corp. President
Barack Obama plans to nominate him to be a Federal Reserve governor
a...
Thu, Jan 8 2015, 7:41 AM
At this point, it's getting more and more tempting to just give up the typical pre-NFP hullabaloo. I mean really, how many more "all eyes on NFP" hea...
Thu, Jan 8 2015, 4:13 PM
Mortgage rates continued drifting slightly higher after a strong move to 19 month lows on Tuesday. The caveat is that today's rates are only hig...
Thu, Jan 8 2015, 4:12 PM
Dear HUD,
First of all, thanks for dropping annual MI. That's cool and all, but the way you're rolling this out is causing confusion. The Mortgag...
Thu, Jan 8 2015, 1:14 PM
Once again, bond markets find themselves in weaker territory simply due to the corrective forces that follow strong rallies, and once again, resilient...
Wed, Jan 7 2015, 12:28 PM
Domestic economic data, as expected, was passed over in favor of more meaningful forces. At the moment, those forces include Eurozone economic condit...
Wed, Jan 7 2015, 10:06 AM
In mid-November the Federal Housing Administration (FHA)
announced that its Mutual Mortgage Insurance Fund (MMI) had returned to
solvency . The fu...
Wed, Jan 7 2015, 9:58 AM
Black Knight Financial Services, a division of Fidelity
National Financial, has released its "first look" at November mortgage
performance data. ...
Wed, Jan 7 2015, 9:56 AM
Plenty
of LOs and lenders rely on the FHA's programs for their livelihood.
(FHA loans account for about 10% of all applications, VA 11%, USDA 1%.)...
Wed, Jan 7 2015, 9:17 AM
The Mortgage Bankers Association, which traditionally closes its office during
the end of the year holiday season, played catchup today with results ...
Wed, Jan 7 2015, 5:03 PM
Mortgage rates moved slightly higher today, but remained close to the lowest they've been since May 2013. The only day with any lower rates sinc...
Wed, Jan 7 2015, 5:03 PM
It actually turned out to be a rather boring day for the parts of the bond market with which we normally concern ourselves. Treasuries and conformi...
Wed, Jan 7 2015, 4:49 AM
Think of all those times that we began discussing FOMC events days, weeks, and even months in advance. Indeed there may be no other greater market mo...
Tue, Jan 6 2015, 10:51 AM
Home prices
are projected to finish out the year with a downtick although prices will
still be significantly higher than at the same point in 2013...
Tue, Jan 6 2015, 10:44 AM
I'm hooked on watching Buying Alaska, but heck it could be Buying Bismarck, ND for
all I care; there's just something interesting about looking at ...
Tue, Jan 6 2015, 7:33 AM
From an old-school, conventional market-watching point of view, there is significant data on tap today in the form of ISM Non-Manufacturing at 10am. ...
Tue, Jan 6 2015, 5:35 PM
Both Treasuries and MBS hit their best closing levels since May 2013 today as the global flight-to-safety continues. Make no mistake that this move h...
Tue, Jan 6 2015, 3:33 PM
Mortgage rates are on an absolute tear. In the past 2 days, they've rocketed a full eighth of a point lower. They're a full quarter point lower t...
Tue, Jan 6 2015, 1:33 PM
Overnight Treasury trading was positive, largely due to spillover from a much more forceful move in European bond markets. Multiple asset classes a...
Mon, Jan 5 2015, 12:55 PM
Heading into Christmas, US bond markets began pulling away from European markets in a mostly unfavorable way. In other words, Treasuries and MBS were...
Mon, Jan 5 2015, 10:44 AM
"The
first five days after the weekend are the toughest." And after two
holiday weeks, this week is going to seem pretty long. And how the heck
...
Mon, Jan 5 2015, 7:33 AM
This week promises to be nothing like the last 2. Market participation already began ramping back up on Friday and that should be exponentially tru...
Mon, Jan 5 2015, 5:10 PM
Mortgage rates have fallen substantially in the first week of 2015. While a few of the most aggressive lenders have been able to offer top tier bo...
Mon, Jan 5 2015, 5:03 PM
2014 was a decisively flatter year for the Treasury yield curve. That means that longer-term (7, 10, 30yr) rates were constantly moving lower relat...
Fri, Jan 2 2015, 12:43 PM
Mortgage rates improved significantly to kick off the new year. The gains are a combination of actual improvement in bond markets and lenders lowe...
Fri, Jan 2 2015, 11:29 AM
Surprisingly and refreshingly, today's ISM Manufacturing data has been a clear source of motivation for trading activity today. After it came out a...
Fri, Jan 2 2015, 10:27 AM
The U.S. Census Bureau projected the United States population to be 320.1 million as of yesterday.
(And no, not all of them contribute to NAR.) Th...
Fri, Jan 2 2015, 7:33 AM
I like to periodically offer a reminder on something I wish I'd understood sooner when it comes to financial markets. While we do indeed live in a hi...
Fri, Jan 2 2015, 3:35 PM
It's been an 'up and down' trading session, but the 'ups' have been the clear winners and that looks increasingly solidified as trading winds down f...
Fri, Jan 2 2015, 1:19 PM
It has been a long time coming but
CoreLogic says the improving employment numbers are strongest among precisely
the demographic the housing industr...
Fri, Jan 2 2015, 1:15 PM
What is an acceptable rate of mortgage delinquency? A CoreLogic economist is using current
delinquency rates to argue that delinquencies will always...
Wed, Dec 31 2014, 12:46 PM
Mortgage rates drifted just slightly higher today
amid extra quiet trading conditions. Bond markets (which include the
mortgage-backed-secu...
Wed, Dec 31 2014, 12:38 PM
In the same vein as December 26th, this Mid-Day report might end up standing as the Recap due to the stability of the day's range and the mere 90 mi...
Wed, Dec 31 2014, 11:32 AM
November's pending home sales improved from October levels
and posted the third consecutive year-over-year gain and the largest one in
over a year...
Wed, Dec 31 2014, 11:28 AM
RealtyTrac came in with the highest report of year-over-year
price increases we have seen thus far this year with their estimate of a 15
percent ga...
Wed, Dec 31 2014, 10:55 AM
Those who
follow this kind of thing note that 32% of adults lived with someone
other than a spouse or partner in 2012 vs. only 26% in 2000. From a...
Wed, Dec 31 2014, 7:33 AM
The only thing more tedious than of my technical explanations are those journalistic elements that you just KNOW are coming. Let me explain. Imagi...
Tue, Dec 30 2014, 12:26 PM
Trading conditions continue to be slow during these holiday weeks. This greases the skids for bigger movements regardless of motivation. Last Wednes...
Tue, Dec 30 2014, 11:53 AM
Like their baby-boomer parents before them the millennial
generation appears to be starting to drive parts of the housing market. While their dela...
Tue, Dec 30 2014, 11:39 AM
In its report
for October S&P Dow Jones again points to the slowing acceleration of home
prices through much of the U.S., but this time said there a...
Tue, Dec 30 2014, 10:45 AM
Economists
are carefully watching the impact of falling oil prices on the Texas
(and other oil states) economy. For single adults making the feder...
Tue, Dec 30 2014, 7:33 AM
'Grexit' was an overused term--mostly in 2012--that referred (shockingly) to a "Greek exit" from the Eurozone. I hate overused fad jargon just as muc...
Tue, Dec 30 2014, 5:09 PM
Mortgage rates fell today . The move wasn't big, but it was enough to claim the 5th best spot of 2014 . The 4 other days were consecutive and beg...
