Fri, Dec 5 2014, 4:14 PM
It's actually fairly impressive to see Fannie 3.5 MBS "only" down 11 ticks on a day when the jobs report came in at 321k vs 230k forecast. There wa...
Fri, Dec 5 2014, 3:32 PM
Mortgage rates moved only slightly higher today in spite of an exceptionally strong Employment Situation Report. This particular jobs report is ...
Fri, Dec 5 2014, 2:37 PM
In its current edition of its monthly Mortgage Monitor report Black Knight
Financial services takes a new look at data on underwater delinquent bor...
Fri, Dec 5 2014, 2:11 PM
Three foreclosure prevention initiatives begun
in the early years of the housing crisis will receive updates to better reflect
the changing needs of...
Fri, Dec 5 2014, 1:24 PM
Mortgage bankers reported a slight
decrease in profits during the third quarter of 2014, with gains per loan
decreasing even as volume grew and th...
Fri, Dec 5 2014, 1:23 PM
Realtor.com® is offering five predictions
for the coming New Year. Three bode well
for the housing market and none are new.
Most in fact could ...
Fri, Dec 5 2014, 1:05 PM
If you're just getting caught up with this morning's events, first thing's first: NFP was much stronger than expected (321k vs 230k forecast). As wit...
Thu, Dec 4 2014, 12:59 PM
Genworth U.S. Mortgage Insurance recently released its survey
that was conducted at the MBA conference in Las Vegas in October of
over 300 indu...
Thu, Dec 4 2014, 12:56 PM
Bond markets had a volatile reaction to this morning's European Central Bank press conference. Part of the problem is that Mario Draghi was seemingly...
Thu, Dec 4 2014, 7:32 AM
Remember a few of those NFP days earlier in 2014 when bond markets ended up having a totally counterintuitive reaction? (If you don't remember, but w...
Thu, Dec 4 2014, 5:04 PM
I haven't seen many days with as many different relevant considerations for bond markets, but if you don't really care about the details, the only im...
Thu, Dec 4 2014, 3:47 PM
Mortgage rates recovered some recently lost territory today following a press conference with European Central Bank (ECB) President Mario Draghi....
Thu, Dec 4 2014, 1:26 PM
Completed foreclosure dropped
precipitously in October compared to September, although they were down to a
significantly lesser extent from a year...
Wed, Dec 3 2014, 12:33 PM
Today's economic data hasn't had much of an effect on bond markets, but with the morning activity now in the rearview, the effects look slightly more ...
Wed, Dec 3 2014, 9:54 AM
With
plenty of texts flying around regarding the MBA's conference in San
Diego that starts today and thus the early commentary, here is an
"exci...
Wed, Dec 3 2014, 9:46 AM
Either eating turkey, Black Friday bargain hunting, or maybe both appear
to have diverted many Americans from pursuing a mortgage last week. Applica...
Wed, Dec 3 2014, 7:32 AM
The past two weeks have been the best and worst of times when it comes to bond markets and mortgage rates. While it is always nice to go on a run to ...
Wed, Dec 3 2014, 4:15 PM
Redfin, the large national real estate
firm based in Seattle, is reporting that, while sales of homes costing over $1
million is still outpacing the...
Wed, Dec 3 2014, 3:21 PM
Mortgage rates moved higher today but at a gentler pace than yesterday. In fact, underlying markets managed to hold fairly close to unchanged le...
Tue, Dec 2 2014, 12:53 PM
The easiest way to facilitate a mid-day update today will be to simply copy and paste a morning update from MBS Live . Before I do that, and because...
Tue, Dec 2 2014, 12:28 PM
Total construction expenditures nationwide
in October are estimated to have been at a seasonally adjusted annual rate of
$971.0 billion. The Census...
Tue, Dec 2 2014, 10:37 AM
Half of the nation's states and the
District of Columbia are now at or within 10 percent of the peak reached before
the housing crisis brought home ...
Tue, Dec 2 2014, 7:32 AM
Bond markets love to "hide behind" seemingly important calendar events that aren't actually that important. Those events draw in more participation a...
Tue, Dec 2 2014, 5:40 PM
There have been some fairly silly suggestions floating around as to why bond markets have been taking lumps today, and they're risky because they do...
Tue, Dec 2 2014, 4:07 PM
Mortgage rates finally ended a 7-day winning streak today, moving higher for the first time since November 19th. The losses were not insignifica...
Mon, Dec 1 2014, 12:02 PM
It's been a mostly uneventful morning so far, at least for MBS. Overnight trading was generally supportive thanks to weaker PMIs abroad, Moody's cu...
Mon, Dec 1 2014, 9:32 AM
I still own a typewriter. But Discover Home Loans conducted a national survey of more than 1,000 recent homebuyers and found that most homebuyers b...
Mon, Dec 1 2014, 7:32 AM
Between the healthy dose of domestic economic data, tradeflow considerations, and European Central Bank (ECB) Announcement, this week will set the ton...
Mon, Dec 1 2014, 6:19 PM
Heading into today, we knew the recent run to low rates would be a risk from a corporate issuance standpoint. The Day Ahead noted: " Last week's run ...
Mon, Dec 1 2014, 5:04 PM
Mortgage rates were exceptionally low this morning . In many cases, lenders' rate sheets were stronger than those seen early on October 15th, mak...
Mon, Dec 1 2014, 2:32 PM
The ghosts of originations past could
still come back to haunt the housing industry according to a new report from
Fitch Ratings. The company says ...
Mon, Dec 1 2014, 2:21 PM
Could lower energy costs translate into a
more lively real estate market? It seems
logical - the less consumers must spend to keep their cars mov...
Fri, Nov 28 2014, 10:41 AM
For
a deviation from the topic of millennials living at home, since the
industry seems so focused on the behavior of this group (just like we
we...
Fri, Nov 28 2014, 8:42 AM
I made some fantastic stuffing this year. Just like mom used to make, and probably very much like she'll make when we drive down to do the Thanksgivi...
Fri, Nov 28 2014, 1:29 PM
Mortgage rates were slightly lower today, but it was in no way indicative of the improvements seen in the mortgage-backed-securities (MBS). MBS,...
Fri, Nov 28 2014, 1:28 PM
Heading into today, it stood to reason that the normal spat of supportive, compulsory bond buying that occurs at the end of the month would have alrea...
Wed, Nov 26 2014, 12:22 PM
In what could be a controversial move the Federal
Housing Finance Agency (FHFA) has directed the government sponsored enterprises
(GSEs) to allow fo...
Wed, Nov 26 2014, 12:18 PM
Sales of newly constructed single family
homes rose slightly in October compared to September and were also improved
from sales a year earlier. The...
Wed, Nov 26 2014, 12:13 PM
While pending home sales were down
slightly compared to September the National Association of Realtors® (NAR) said
October was the second month in...
Wed, Nov 26 2014, 12:09 PM
It might not actually be on the calendar, but in almost every way that matters, the trading day is over for bond markets. The 11:30am 7yr Treasury ...
Wed, Nov 26 2014, 9:38 AM
With
Thanksgiving around the corner, here's some conversation fodder.
Thanksgiving became a national holiday 151 years ago when President
Lincol...
Wed, Nov 26 2014, 8:54 AM
Mortgage application volume was mixed during
the week ended November 21. The Mortgage Bankers Association (MBA) reported
that its Market Composite I...
Wed, Nov 26 2014, 7:32 AM
Today exemplifies the week as a whole. All we can do is buckle up , hope for the best, and not sweat it too much if the rally stalls.
Reason bei...
Wed, Nov 26 2014, 3:59 PM
Nothing much has changed since the mid-day commentary because bond markets had already effectively "left the building" after the 11:30am Treasury ...
Wed, Nov 26 2014, 2:47 PM
Mortgage rates moved lower again today , solidifying yesterday's tentative break back into the "high 3's" for top tier 30yr fixed rates. In fact,...
Tue, Nov 25 2014, 12:32 PM
With the increased amount of data on today's calendar, we've seen increased volatility, but it hasn't been too threatening so far. In fact, bond ma...
Tue, Nov 25 2014, 11:25 AM
The maximum conforming loan limit will
remain at $417,000 for most of the U.S. in 2015. FHFA announced the limits, which define the
size of loans...
Tue, Nov 25 2014, 11:00 AM
Is the party officially over?
S&P Dow Jones Indices said today that
the increase in home prices, which has shown diminishing energy for months,
...
Tue, Nov 25 2014, 10:20 AM
The
next story reminds me of the husband who was asked by his wife (who
invited the guests, cleaned the house, did the shopping, made the
stuffi...
Tue, Nov 25 2014, 7:33 AM
Yesterday was a fairly solid day for bond markets. Although it suffered from decreased participation, there was still strong support at technical c...
