Tue, Nov 25 2014, 5:16 PM
The day began in fine shape, especially in light of the stronger reading on GDP. European bond market strength remains at the heart of our ability to...
Tue, Nov 25 2014, 3:55 PM
Mortgage rates fell more today than in recent days. Positivity was fueled chiefly by European bond market strength as serious growth concerns pe...
Mon, Nov 24 2014, 12:57 PM
Meaningful inputs have been few and far between for bond markets today. With Japanese markets closed, overnight Treasury trading got off to a late st...
Mon, Nov 24 2014, 10:34 AM
If you're looking for next investment property, the nearest "college town" may serve you well. According to research from Clear Capital ,
out of ...
Mon, Nov 24 2014, 7:33 AM
Past examples of Thanksgiving weeks vary when it comes to market behavior. There's no major bias toward gains or losses and the volatility doesn't ...
Mon, Nov 24 2014, 5:15 PM
During the 3.5-day Thanksgiving week, we expect to see a lack of participation in bond markets juxtaposed with condensed data and volatility. Data ...
Mon, Nov 24 2014, 4:40 PM
Mortgage rates continue making
improvements so small and so steady that they're barely noticeable, but
they're improvements just the same. T...
Mon, Nov 24 2014, 2:23 PM
The Federal Reserve has completed its
latest round of Quantitative Easing, the government sponsored enterprises
(GSEs) Freddie Mac and Fannie Mae ar...
Fri, Nov 21 2014, 12:50 PM
Overnight events amounted to nothing more than noise for US bond markets. Tough talk from European Central Bank President Mario Draghi did more to he...
Fri, Nov 21 2014, 10:44 AM
In New York, the New York Mortgage Bankers Association's website
is now live. The group is functioning and has already had meetings with
DFS, so...
Fri, Nov 21 2014, 7:30 AM
Have you ever had one of those awkward super early arrivals to an event? Did you wait in the lobby? Was the lobby even open? Did you hide the fact ...
Fri, Nov 21 2014, 5:52 PM
In the shadow of October 15th--by some measures, the most volatile day in the history of Treasury trading--everything that's followed has been exceedi...
Fri, Nov 21 2014, 5:12 PM
Mortgage rates improved again today ,
carving out another November low, albeit by only a small margin. For
some lenders, rates are officially...
Fri, Nov 21 2014, 2:38 PM
Growing
numbers of severe weather events throughout the U.S. may be giving new meaning
to "location, location, location" in the housing world. Co...
Fri, Nov 21 2014, 2:22 PM
Fannie Mae
and Freddie Mac have nailed down the promised details the life-of-loan
exclusions related to their representation and warranty framewor...
Fri, Nov 21 2014, 2:20 PM
A report from the Federal Housing Finance
Agency (FHFA) says that while the average fee charged by the government
sponsored enterprises (GSEs) for p...
Fri, Nov 21 2014, 1:45 PM
The Consumer Financial Protection Bureau (CFPB) has proposed
some new measures affecting the way servicers handle mortgages in various
stages of def...
Thu, Nov 20 2014, 12:20 PM
It's been a solid day for bond markets so far, with most of that solidness coming courtesy of a big correction to yesterday's European bond market w...
Thu, Nov 20 2014, 10:54 AM
For
those of you who'd rather watch a video than read the written word, the
Federal Deposit Insurance Corporation (FDIC), which knows a thing or
...
Thu, Nov 20 2014, 7:32 AM
Today is sorta nuts . If we listed out line items for all the European economic data, domestic economic data, Fed speakers, corporate bond issuance ...
Thu, Nov 20 2014, 5:49 PM
There was a metric ton of data on tap today, both at home and abroad. During the European session, most of the data was weaker. Given that Europe s...
Thu, Nov 20 2014, 5:00 PM
Mortgage rates improved today following
weaker economic data in Europe. That data fueled demand in bond
markets overnight, pulling US Treasu...
Thu, Nov 20 2014, 1:08 PM
Melvin L. Watt, Director of the Federal Housing Finance
Agency (FHFA) told the Senate Banking Committee today that Freddie Mac and
Fannie Mae (the G...
Thu, Nov 20 2014, 1:02 PM
If October sales of existing homes are an indication
2014 may come to a better conclusion than has been expected. The National Association of Realto...
Wed, Nov 19 2014, 12:48 PM
There has only been one story today for domestic bond markets, and that's been European bond markets! They tanked after one of Germany's most widel...
Wed, Nov 19 2014, 11:53 AM
October was a mixed month for new
residential construction data. More
permits were issued than in September but housing starts and completions w...
Wed, Nov 19 2014, 10:56 AM
Seattle's Zillow has published good news for the real estate industry . Its report
regarding hidden households and future housing activity indica...
Wed, Nov 19 2014, 9:37 AM
The week ended November 14 was a lackluster one for
mortgage activity. Mortgage applications
during the week, as measured by the Mortgage Bankers A...
Wed, Nov 19 2014, 7:25 AM
In the October 29th policy statement, the Fed said " market-based measures of inflation compensation have declined somewhat" which is a reference to ...
Wed, Nov 19 2014, 5:18 PM
For all the potentially complicated conclusions that can follow something as wordy and important as FOMC Minutes, today ended up being fairly cut and...
Wed, Nov 19 2014, 4:29 PM
Mortgage rates moved moderately higher today, bringing them back in line with some of last week's offerings but certainly not outside the recent ...
Tue, Nov 18 2014, 10:48 AM
New home builders regained some of the confidence in
the market they had displayed in September after wavering significantly in
October. The Na...
Tue, Nov 18 2014, 10:42 AM
Recently the commentary noted, "Maybe we should start at the grade school level and teach kids about money .
How to make a budget, manage debt, sav...
Tue, Nov 18 2014, 7:32 AM
I haven't seen much fuss made over tomorrow's FOMC Minutes yet, and that mostly makes sense. After all, asset purchases were ended at that meeting, a...
Tue, Nov 18 2014, 5:08 PM
A clearly-defined break to another record high in stocks and another huge day for corporate debt issuance presented two significant headwinds for bo...
Tue, Nov 18 2014, 3:40 PM
Mortgage rates barely budged today, but moved in the right direction on average. Several lenders were actually slightly higher in rate, but most...
Mon, Nov 17 2014, 12:41 PM
Japan's surprising poor GDP miss was the main event in the overnight session, resulting in bond market strength right out of the gate. Although Tre...
Mon, Nov 17 2014, 10:32 AM
This week I will spend time in California, Colorado, and Kansas,
and expect to hear from many folks about the state of the industry.
Unlike Japan,...
Mon, Nov 17 2014, 7:32 AM
I thought for a few minutes about this week's headline. Normally, I'd highlight the key events or considerations, but apart from Wednesday's FOMC Mi...
Mon, Nov 17 2014, 5:20 PM
If you wanted to see any significant movement in bond markets today, you had to be tuned in before 10am. Even then, most of the drama occurred right ...
Mon, Nov 17 2014, 3:42 PM
Mortgage rates moved moderately lower
again today, setting another new low for the month of November. That
said, the movement has been prima...
Mon, Nov 17 2014, 3:37 PM
Despite dire predictions from many quarters the
Federal Housing Administration's (FHA's) Mutual Mortgage Insurance Fund (MMIF)
has returned to solve...
Mon, Nov 17 2014, 2:38 PM
The prognosticators are already gearing up
for the New Year and at least one foresees a strong economy in 2015. Freddie Mac's chief economist Frank ...
Fri, Nov 14 2014, 12:44 PM
Although cash sales ticked up slightly in August, a
pattern that has been maintained for 14 of the last 15 years, that share of all
home sales conti...
Fri, Nov 14 2014, 12:39 PM
Even through housing prices gained ground in the third
quarter of 2014 the National Association of Home Builders (NAHB) said today
that affordabilit...
Fri, Nov 14 2014, 12:27 PM
This morning's Retail Sales report definitely didn't help make the case for a bond market rally. It's not that it beat expectations by much (only .3 ...
Fri, Nov 14 2014, 10:34 AM
Regardless of if you're a bank or not a bank, the decision to service loans is not one to be taken lightly. Regulators are drafting rules to
addre...
Fri, Nov 14 2014, 7:43 AM
It seems a bit oversimplified and a bit old-school to look to economic data as holding the key to a potential bond market rally. After all, economic ...
Fri, Nov 14 2014, 4:43 PM
Mortgage rates fell today , reaching levels not seen since late October. That may sound fairly positive--and of course, it's better than being at...
Fri, Nov 14 2014, 4:40 PM
Bond markets continue to put on a clinic in terms of avoiding anything meaningful or exciting . 3pm yields in 10yr Treasuries haven't varied by more...
