Tue, Nov 4 2014, 5:00 PM
Bond markets traded an "inside day" today, meaning that the entirety of today's trading ranges in MBS and Treasuries fell "inside" the highs and lows ...
Tue, Nov 4 2014, 3:26 PM
Mortgage rates recovered somewhat
after moving to the highest levels in nearly a month yesterday. That
sounds more dramatic than it is consi...
Mon, Nov 3 2014, 12:20 PM
The
downward-drifting participation of first-time homebuyers over the last few
years has brought their share of the home buying market to its lowes...
Mon, Nov 3 2014, 12:12 PM
The overnight session got off to a slow start for US bond markets as Japan was out on holiday. This is important not only because overnight Treasury ...
Mon, Nov 3 2014, 11:31 AM
"Please
understand that we are acutely aware of the challenges created for
homebuyers, lenders and realtors when we are unable to meet desired
t...
Mon, Nov 3 2014, 7:26 AM
After last week's anticlimactic reaction to the end of QE3, the current week offers up several places to look for the inspiration owed to bond markets...
Mon, Nov 3 2014, 5:13 PM
In the context of a fairly narrow trading range by historical standards, bond markets had a volatile day. The start of the overnight session saw the ...
Mon, Nov 3 2014, 4:15 PM
Mortgage rates continued higher today, edging up to their worst levels in nearly a month. The most prevalently-quoted conforming 30yr fixed rate...
Mon, Nov 3 2014, 1:50 PM
U.S. construction spending eased back
slightly in September, to a seasonally adjusted annual rate of $950.92 billion. The U.S. Census Bureau repor...
Fri, Oct 31 2014, 12:46 PM
This will largely be a reprint of an update that appeared on MBS Live this morning. Reason being: that update covered the impact of big, surprising n...
Fri, Oct 31 2014, 11:07 AM
A recent motion filed by a mortgage
company to dismiss portions of a class action suit against it shows, according
to an attorney familiar with the ...
Fri, Oct 31 2014, 11:03 AM
Gaps of all kinds are widening out, and they are impacting business. In a story about " New Homes' Problem: Price " the
gap between the more exp...
Fri, Oct 31 2014, 7:32 AM
No single method of market analysis is always better than another, which is why it's always better to consider as many as possible and look for agreem...
Fri, Oct 31 2014, 5:01 PM
10yr yields are heading out the door at 2.335--a very significant level considering it had been the lowest closing yield of the year until October 8...
Fri, Oct 31 2014, 3:40 PM
Mortgage rates drifted inconsequentially higher to end the month, remaining well-within the recent range, albeit closer to the higher end. The mo...
Fri, Oct 31 2014, 3:26 PM
A survey of attitudes toward housing
released on Thursday by The Demand Institute indicates that the Baby Boom
generation still has no intention of...
Thu, Oct 30 2014, 12:30 PM
"A real estate market that should be flying high is
instead a real estate market that is faltering ," according to Brian Mushaney,
Executive Vice...
Thu, Oct 30 2014, 12:02 PM
"Jobless Claims remained in the 280's and GDP came in at 3.5 vs a 3.0 forecast. So naturally, bond markets are adding to yesterday's weakness."
Th...
Thu, Oct 30 2014, 11:19 AM
As
mortgage bankers gear up to see what the Shipping Department dresses up
as tomorrow, let's take a quick look at some demographics. There is now...
Thu, Oct 30 2014, 7:29 AM
GDP reports come in three flavors: advance, preliminary, and final. Today is the 'advance' reading for the 3rd quarter and hence the first look at Q3...
Thu, Oct 30 2014, 4:59 PM
If the official end of QE is to be an inspirational moment for bond markets in the bigger picture, you wouldn't know it based on how trading has gone ...
Thu, Oct 30 2014, 3:48 PM
Mortgage rates pulled back
to hold near 4 percent after rising to the highest levels in 3 weeks.
After yesterday's Fed announcement, the mos...
Wed, Oct 29 2014, 12:11 PM
MBS and Treasuries are at their weakest levels in 3 weeks ahead of this afternoon's FOMC Announcement. That's really all there is to it. We haven't ...
Wed, Oct 29 2014, 10:34 AM
You don't think things are changing? Apple announced it has signed up 500 more banks
in addition to the 6 largest US banks it announced during the l...
Wed, Oct 29 2014, 9:54 AM
Mortgage application numbers during the week ended
October 24 backed off a bit from the numbers posted during the week ended
October 17 but were s...
Wed, Oct 29 2014, 7:32 AM
I worked really hard just now on avoiding the use of the cliche headline opener "all eyes." You see that a lot (no pun intended) when it comes to thi...
Wed, Oct 29 2014, 5:03 PM
Nine times out of ten, any conversation about trading volume in bond markets is pointless and dangerous when it comes to considering potential mor...
Wed, Oct 29 2014, 4:36 PM
Mortgage rates rose to the highest level in 3 weeks
after today's Fed Announcement. The move was a two-part process with
initial rate shee...
Wed, Oct 29 2014, 1:59 PM
Completed foreclosures rose slightly in
September CoreLogic said today, but the long-term trend continues to be a
relatively precipitous drop from t...
Tue, Oct 28 2014, 12:13 PM
Treasuries and MBS have seen modest volatility within a modest range this morning. The stage was set with overnight weakness resulting in weaker op...
Tue, Oct 28 2014, 10:59 AM
August data released this morning by S&P Dow Jones Indices reveals that, while home prices throughout the U.S. continue to increase, the rapid pace ...
Tue, Oct 28 2014, 10:53 AM
This
is the season that CEOs are asking underlings for 2015 projections, and
of course no one wants to tell the boss that volume is going to go
...
Tue, Oct 28 2014, 7:35 AM
Beginning last Thursday, Treasuries and MBS have increasingly gone through the motions of consolidation ahead of tomorrow's FOMC Announcement. Intere...
Tue, Oct 28 2014, 5:43 PM
Despite one solid attempt to bounce back to unchanged levels this morning, bond markets spent the day in weaker territory. For most of the day this ...
Tue, Oct 28 2014, 4:08 PM
Mortgage rates were almost universally sideways today with very few lenders changing rate sheets noticeably from yesterday. As such, the most ...
Mon, Oct 27 2014, 12:15 PM
On Friday, European considerations pulled bond markets into weaker territory after a draft of the bank stress test results showed numerous banks with ...
Mon, Oct 27 2014, 10:40 AM
Pending home sales, while increasing
only slightly in September, exceeded those of a year earlier, the first time in
11 months this has occurred. ...
Mon, Oct 27 2014, 10:38 AM
The
Fed reports home ownership among families with a head of household
younger than 40 years old have fallen from about 50% from 2005 to 42%
tod...
Mon, Oct 27 2014, 7:32 AM
This week's headliner will be Wednesday afternoon's FOMC Announcement. While this isn't one of the Fed Announcements that includes the economic proje...
Mon, Oct 27 2014, 4:34 PM
The week got off to a woefully uneventful start. Like many Mondays in terms of trading activity, this one may as well not have happened. The only ...
Mon, Oct 27 2014, 3:47 PM
Mortgage rates were almost perfectly unchanged
over the weekend. Most lenders are still right in line with Friday's
most prevalently-quote...
Mon, Oct 27 2014, 2:15 PM
Home
price increases wound down further in August.
The Home Price Index released by Black Knight Financial Services today
rose a negligibl e 0.1 p...
Fri, Oct 24 2014, 12:33 PM
New home sales increased only slightly in September,
up 0.2 percent over August, bringing the annual rate of those sales to
467,000. Sales were up ...
Fri, Oct 24 2014, 10:59 AM
Fannie Mae said on Thursday that real economic
growth in the last two quarters of 2014 appear poised to exceed 3.0 percent ,
providing a solid basi...
Fri, Oct 24 2014, 10:57 AM
September appears to have been another
month in which loan performance improved and the states continued to slog
through the overhang of delinquen...
Fri, Oct 24 2014, 10:55 AM
According
to Zillow Real Estate Research, home ownership rates among millennials
have declined over the past four decades mainly due to changing...
Fri, Oct 24 2014, 7:22 AM
We approached Thursday's session with a mainstream viewpoint and alternative, more bullish possibilities to consider. The mainstream viewpoint (amo...
Fri, Oct 24 2014, 5:19 PM
Mortgage rates caught a break today and were able to ease just slightly lower heading into the weekend. This is somewhat refreshing because yest...
Fri, Oct 24 2014, 4:37 PM
Earlier today, competing short term trends and considerations made for several salient swings between gains and losses. While MBS and Treasuries nev...
Fri, Oct 24 2014, 1:18 PM
If today's bond market movements were a ball game, it would be the kind you like to see, with numerous lead changes , no runaway victory, and the hom...
