Tue, Dec 30 2014, 4:53 PM
Unlike most Tuesday's, today actually saw a decreased level of participation in bond markets. Presumably this is due to yesterday offering more rele...
Mon, Dec 29 2014, 7:27 AM
The end of the month, quarter, or year brings additional trading considerations and we have all three this week. Some measure of "year-end" trading ...
Mon, Dec 29 2014, 4:38 PM
Mortgage rates continued chipping away at the moderately abrupt increases seen last week. Today's gains were indirectly a result of political inst...
Mon, Dec 29 2014, 4:37 PM
Nothing happened this afternoon to add any information or market momentum already in place this morning. The morning events were covered in greater ...
Mon, Dec 29 2014, 2:56 PM
In
spite of the holidays notes and letters continued to come in, and
covered a number of topics including influencing appraisers, how
renovating...
Mon, Dec 29 2014, 2:03 PM
It's been a pretty simple trading session. Overall, participation remains much lower than normal, but has picked up from Friday's levels (which were ...
Fri, Dec 26 2014, 11:12 AM
Mortgage rates bounced back moderately
today, erasing Wednesday's losses. Unfortunately, Wednesday's losses
weren't very big compared to Tuesd...
Fri, Dec 26 2014, 8:51 AM
According to the U.S. Census Bureau's statistics on population, between
July 1st, 2013 and July 1st, 2014 an average of 803 new residents were add...
Fri, Dec 26 2014, 8:23 AM
The day after Christmas falls on a Friday this year. Incidentally, that's today, and that fact puts us in a position to even more firmly declare it a...
Fri, Dec 26 2014, 7:36 PM
As foreseen, foretold, and prophesied, today's trading session was the slowest of the year for bond markets. It wasn't even close either. 10yr Futur...
Wed, Dec 24 2014, 12:41 PM
Here's a special Christmas edition of Do's and Don'ts for prospective buyers or refinancing homeowners embarking on, or already engaged in the mort...
Wed, Dec 24 2014, 11:20 AM
The last potentially notable event on today's calendar is the 7yr Treasury Auction coming up at 11:30am. 7yr auctions aren't typically something mark...
Wed, Dec 24 2014, 10:52 AM
Just under one third of the states plus the District of
Columbia are now in what is considered a "stable" range on Freddie Mc's
Multi-Indicator Mark...
Wed, Dec 24 2014, 10:27 AM
As
you may have guessed, there is no logical correlation between whether
there is snow in Boston on Christmas and the performance of the stock
m...
Wed, Dec 24 2014, 8:53 AM
There was a slight increase in mortgage application volume during the
week ended December 19 as interest rates for the most commonly originated mortg...
Wed, Dec 24 2014, 7:16 AM
The thing about the big holiday weeks (Thanksgiving and Christmas) is that even though we can discount most of what's happening in terms of volatility...
Wed, Dec 24 2014, 1:58 PM
NOTE: Bond markets close at 2pm Eastern today and normal trading hours resume on Friday.
There was not much to write home about in today's session,...
Wed, Dec 24 2014, 1:11 PM
Mortgage rates continued higher today as lenders opted for typically conservative holiday pricing strategies. The bond markets that most directly ...
Tue, Dec 23 2014, 11:46 AM
Sales of new homes fell in November,
coming in 1.6 percent below sales the previous month. The U.S. Census Bureau and the Department of
Housing a...
Tue, Dec 23 2014, 11:37 AM
Home prices nationally, which essentially flat-lined in September,
appear to have resume a moderate rate of increase. The Federal Housing Finance Ag...
Tue, Dec 23 2014, 10:34 AM
Let's talk about the $26 billion in equity gain
in Colorado in 2014 - Rocky Mountain High! What are not gaining are the
stock prices of non-ban...
Tue, Dec 23 2014, 7:32 AM
On just about any other day of the year, today's schedule of economic events would be well worth a few moments of consideration, and certainly capable...
Tue, Dec 23 2014, 5:09 PM
Mortgage rates moved decisively higher today, fueled primarily by the lack of market participation common to this holiday week. Light staffing lev...
Tue, Dec 23 2014, 4:56 PM
Measures of bond market volatility spiked this morning WELL before the 8:30am GDP reading. Of course a +5.0 GDP vs a 4.3% forecast will get all kinds...
Tue, Dec 23 2014, 1:00 PM
Despite an abundance of seemingly relevant economic data, volumes are merely on pace with yesterday, which was the slowest session in more than 3 mo...
Mon, Dec 22 2014, 11:58 AM
It's a real snooze-fest out there, folks. Volumes were already dropping to nearly half of their recent average by Friday, and will be lucky to brea...
Mon, Dec 22 2014, 11:23 AM
Existing home sales in November fell far short of sales the previous
month according to today's report from the National Association of Realtors® (NA...
Mon, Dec 22 2014, 10:47 AM
It's
Christmas-time, and we are all seeing plenty of logos out there. Those
graphic design people are pretty clever, and plenty of logos have hid...
Mon, Dec 22 2014, 7:33 AM
The last two weeks of December are not a time where most market participants are thinking about trading opportunistically. Rather, there tends to b...
Mon, Dec 22 2014, 3:47 PM
It's rare that the day's MBS RECAP will be published this early in the day (and of course, I'll put out an update if things change significantly), but...
Mon, Dec 22 2014, 2:59 PM
Mortgage rates are fairly hilarious today, though they're not hilariously higher or lower than they were on Friday. Rather, the entertainment come...
Fri, Dec 19 2014, 12:42 PM
The past two days saw a decisive bounce in Treasuries precipitated by what might have been a decisive bounce in European bond markets. As of this the...
Fri, Dec 19 2014, 10:54 AM
My
brain can't keep track of all the statistics coming out of lending. But
you won't find many people who will argue that real estate & credit
h...
Fri, Dec 19 2014, 7:43 AM
Congratulations! You've reached the end of 2014 in bond markets. Everything from here on out is simply the epilogue to an already-concluded story....
Fri, Dec 19 2014, 4:28 PM
Whether today had ended up positive or negative, the assessment would be the same. It strains credulity to consider, but when human beings that are n...
Fri, Dec 19 2014, 4:27 PM
Mortgage rates found their footing today, moving slightly lower after spending the past two days rising at the quickest pace in months. Most lend...
Fri, Dec 19 2014, 1:43 PM
RealtyTrac devotes the bulk of its most recent edition of HousingNewsReport , its monthly web
magazine to detailing some r eal estate investment str...
Thu, Dec 18 2014, 12:14 PM
From time to time, the best way to recap market events through mid-day will be to revisit things that have already been written. Here's the first: M...
Thu, Dec 18 2014, 10:15 AM
"Congress extends Mortgage Debt Forgiveness Act "
- hey, that's good news, right? In fact the Senate approved a bill that
would retroactively ext...
Thu, Dec 18 2014, 7:49 AM
Where does yesterday's FOMC Announcement leave us in terms of the rate outlook? The same place we were before the FOMC Announcement!
The only thi...
Thu, Dec 18 2014, 4:09 PM
Depending on where you want to draw the line between the overnight and domestic sessions, nothing really happened today. Bond markets were basically...
Thu, Dec 18 2014, 3:00 PM
Mortgage rates moved higher at a much quicker pace today. This runs counter to the most widely-circulated weekly rate report from Freddie Mac, whi...
Thu, Dec 18 2014, 1:22 PM
Referring to its " roller-coaster
pattern of economic growth," Fannie Mae summarized the economy and housing in
2014 as a year that started with a ...
Thu, Dec 18 2014, 1:03 PM
Fannie Mae's writers use the word "stable" repeatedly to
describe many of the findings from its fourth quarter 2014 Mortgage Lender
Sentiment Surv...
Wed, Dec 17 2014, 12:46 PM
Treasuries once again broke away from the pack in the overnight session and moved higher in yield. Cues from related markets didn't suggest that wea...
Wed, Dec 17 2014, 10:53 AM
For
folks who like paper and documentation, in 2015 nearby Iowa (I am in
Kansas for a few days) will become the first state to offer an official
...
Wed, Dec 17 2014, 9:39 AM
Mortgage applications were down modestly during the week
ended December 12, with purchase applications accounting for the decline. The Mortgage Ba...
Wed, Dec 17 2014, 7:33 AM
Today's FOMC Announcement at 2pm is a bit of a puzzler, because it has the capability to be one of the more important recent announcements. One reaso...
Wed, Dec 17 2014, 5:23 PM
Mortgage rates rose at an acceptable pace
today, following the FOMC Announcement and press conference. Rates are
driven by bond markets (mortg...
Wed, Dec 17 2014, 4:53 PM
Today's FOMC Announcement and ensuing press conference caused significant volatility (albeit, within a historically narrow range) for bond markets. O...
