Tue, Oct 14 2014, 12:33 PM
Although bond markets were already heading toward their best recent levels by Friday night, the move over the weekend was on another level altogether....
Tue, Oct 14 2014, 10:51 AM
"American schoolchildren rank 25 th in math and 21 st in science out of the top 30 developed countries, but USA ranked 1 st in confidence that they...
Tue, Oct 14 2014, 7:34 AM
The tendency for bond yields to move in concert with stock prices had been spottier before September's FOMC Announcement, but has been over since then...
Tue, Oct 14 2014, 5:42 PM
As we discussed in this morning's Week Ahead , bond markets are highly attuned to the current fate of equities markets. This can be viewed either fr...
Tue, Oct 14 2014, 4:56 PM
Mortgage rates continued living the dream today, falling decisively past last week's lows to claim another instance of "best rates since June 2013....
Tue, Oct 14 2014, 1:58 PM
In July Sam Khater, an
economist at CoreLogic, wrote about the comeback of the condo market
and how construction of units had increased from pos...
Tue, Oct 14 2014, 1:07 PM
Three of the country's largest banks announced
their profits for the third quarter on Tuesday.
For Wells Fargo and Citigroup profits increased comp...
Fri, Oct 10 2014, 11:31 AM
The only economic data reported this morning was Import/Export Prices, which gives investors a gauge on inflation. Import prices posted a better than ...
Fri, Oct 10 2014, 8:45 AM
Hiring or firing, banks are finding their lending is about to come under further scrutiny by the Fed .
US regulators have started to audit Wall St ...
Fri, Oct 10 2014, 8:21 AM
The past few days got me thinking. I've been reading some articles and even some analysis from respected sources that I feel has missed the mark on w...
Fri, Oct 10 2014, 4:47 PM
Mortgage backed securities and treasuries opened in opposite directions this morning. MBS opened a few ticks worse than yesterday, while the benchm...
Thu, Oct 9 2014, 11:27 AM
It's the same story for stocks and bonds right now. Yesterday's impressive rally was extended overnight in both cases, and is now pulling back as the...
Thu, Oct 9 2014, 10:29 AM
Applications for mortgages with which to
purchase new homes in September were essential unchanged in volume from August the
Mortgage Bankers Associa...
Thu, Oct 9 2014, 9:41 AM
Capital
Markets folks are always watching the MBS market. It is not a simple
topic. For example, a "Catch-22" is preventing the issuance of
non-...
Thu, Oct 9 2014, 9:11 PM
Yesterday’s FOMC induced rally continued overnight and into the early morning. The benchmark 10 year treasury note fell to a low of 2.28 at the open, ...
Thu, Oct 9 2014, 7:31 AM
NOTE: Fannie and Freddie 30yr Fixed MBS " roll " tonight, meaning October coupons will no longer be traded and November coupons will take over as the...
Thu, Oct 9 2014, 4:18 PM
The rally of the last 4 days continued this morning with the Fannie
Mae 3.5 MBS opening up 7 ticks higher than yesterday’s close. The excitement...
Thu, Oct 9 2014, 2:31 PM
Home equity lines of credit or HELOCs
accounted for over 15 percent of all 2014 home loan originations through the
end of August. RealtyTrac, whi...
Wed, Oct 8 2014, 12:43 PM
Treasuries had a fairly uneventful overnight session--this time paying much more attention to the movement in European bond markets (not the case yest...
Wed, Oct 8 2014, 10:54 AM
Mortgage
banker thwarts Zions Bank robbery?! Don Worthington with Primary
Residential writes, "Our sales Manager Corey Lewis was on the phone with...
Wed, Oct 8 2014, 10:44 AM
Mortgage application volume increased last week for the first time since
the week ended September 12. The
Mortgage Bankers Association (MBA) said...
Wed, Oct 8 2014, 7:32 AM
Bond markets began acting odd yesterday, but in a good way. It began in the overnight session where US Treasuries outperformed European bond markets....
Wed, Oct 8 2014, 5:14 PM
Mortgage rates put on quite the show today, bringing the crowd to the edge of their seats before knocking it out of the park. Home-runs these days...
Wed, Oct 8 2014, 4:43 PM
There was a chance that much of the recent rally in bond markets had been due to the expectation that today's Fed Minutes would offer a softer side of...
Tue, Oct 7 2014, 12:16 PM
While trading activity is nowhere near that seen on Wednesday through Friday last week, it's picked up a bit today. That's largely been a net positi...
Tue, Oct 7 2014, 10:34 AM
Nine states established new price peaks
in August CoreLogic said today. The
company's August Home Price Index which includes distressed sales was...
Tue, Oct 7 2014, 10:30 AM
Where does bank settlement money go? Well, if it is up to New York's Governor Andrew Cuomo, it will go toward building bridges in New York . I imagin...
Tue, Oct 7 2014, 7:32 AM
After an exceptionally busy week last week and with very little on the calendar of scheduled events, this is an understandably slow week for bond ma...
Tue, Oct 7 2014, 4:44 PM
Mortgage rates continued lower today at an exceptionally strong pace . The most prevalently-quoted conforming 30yr fixed rate for the very best s...
Tue, Oct 7 2014, 4:34 PM
I was disappointed to see a few article headlines coming out this afternoon crediting this morning's negative economic data in Europe for an impressiv...
Tue, Oct 7 2014, 2:47 PM
A recent audit of the Consumer Financial Protection
Bureau (CFPB) found that it was doing a good job in general in its role of
regulatory rule-mak...
Tue, Oct 7 2014, 2:20 PM
Fannie Mae said its September National
Housing Survey noted a rebound in consumer housing optimism after a dip was
recorded in August. Most indic...
Mon, Oct 6 2014, 12:15 PM
Today's most notable feature is it's lack of volume and participation. Both have subsided since last Wednesday-- proof positive that economic data i...
Mon, Oct 6 2014, 10:11 AM
Marriott
was fined $600,000 by the U.S. Federal Communications Commission for
blocking hotel customers from connecting to the internet on personal...
Mon, Oct 6 2014, 7:35 AM
The week ahead is something of a palette-cleanser to last week's bolder flavors. Big-ticket events will now be few and far between , but the opportu...
Mon, Oct 6 2014, 3:59 PM
One of our most frequently discussed themes of late has been the relative disregard for economic data on the part of bond markets. This was to be p...
Mon, Oct 6 2014, 3:45 PM
The average age of a mortgage loan outstanding in
2014 is the highest in history Black Knight Financial Services said today. While the age of mort...
Mon, Oct 6 2014, 2:31 PM
Mortgage rates started the week off well , falling back in line with the lowest levels in a month .
Rates are close to those seen on Wednesday...
Fri, Oct 3 2014, 12:11 PM
NFP came out much stronger than expected with solid revisions to the past two reports, and a drop to 5.9% on the unemployment rate. With revisions, t...
Fri, Oct 3 2014, 10:14 AM
"Rob, do you have an easy article about who is responsible for the condition of a property after a foreclosure?" Yes - according to Henry Chuang in t...
Fri, Oct 3 2014, 7:32 AM
There are only so many ways to discuss the same old charts and trends in bond markets. So let's have a fireside chat about NFP and the current state ...
Fri, Oct 3 2014, 3:48 PM
Depending on which "close" we're talking about, bond markets may actually break even by the end of the day. In terms of the 3pm Treasury pit close, 1...
Fri, Oct 3 2014, 3:03 PM
Mortgage rates were just slightly higher on average today, but retained a majority of the improvement seen on October 1st. That's impressive con...
Fri, Oct 3 2014, 1:33 PM
The Office of Inspector General (OIG) of
the Federal Reserve System released a report on Thursday critical of the way in
which the Board (and by ext...
Fri, Oct 3 2014, 1:29 PM
Business media are having a lot of fun
today over a throw-away remark Ben Bernanke made yesterday. In a question and answer session with Moody
An...
Thu, Oct 2 2014, 12:40 PM
It's one thing for bond markets to ignore stock markets when the latter is moving less than a quarter of a percent day-over-day. That's been the case...
Thu, Oct 2 2014, 10:59 AM
Along with its monthly report on mortgage credit
availability (MCAI) the Mortgage Bankers Association (MBA) has introduced two
new measures, a conv...
Thu, Oct 2 2014, 10:58 AM
Here's an
interesting story on a company in San Francisco that is doing
its best to refinance student debt, which in turn lowers the debt level
...
Thu, Oct 2 2014, 7:32 AM
10yr yields dropped a precipitous 10bps yesterday. While this isn't much compared to some of the more volatile days of the past 6 years, it's one of ...
Thu, Oct 2 2014, 3:50 PM
Bond markets had a fairly tame day given the potential for the ECB to move markets along with the potential to react to yesterday's big move. In gene...
