Thu, Oct 2 2014, 3:13 PM
Mortgage rates were mixed today , depending on the lender. Some rate sheets were slightly better or worse than yesterday's latest, but the broader ...
Thu, Oct 2 2014, 1:30 PM
CoreLogic said this morning that over
the last 10 years the number of completed foreclosures in the U.S. has been the
equivalent of 15 percent of a...
Wed, Oct 1 2014, 12:35 PM
It's asking quite a lot to believe that the single most consistent source of guidance and inspiration for trading levels--economic data--is pretty muc...
Wed, Oct 1 2014, 10:58 AM
A lawsuit challenging the manner in
which profits from Fannie Mae and Freddie Mac (the GSEs) have been allocated to
the U.S. Treasury was dismisse...
Wed, Oct 1 2014, 10:50 AM
When
I was young, my parents taught me that my income was my own business,
and talking about wages and bonuses with others never did anyone any
...
Wed, Oct 1 2014, 10:19 AM
Last week was another down week for
mortgage applications according to the Mortgage Bankers Association (MBA). Its Weekly Mortgage Applications Surv...
Wed, Oct 1 2014, 7:39 AM
Today is the first day of a new month and new quarter, and Octobers have historically been active for bond markets. That leaves us to wonder whether ...
Wed, Oct 1 2014, 5:42 PM
There's little else today's recap can offer that hasn't already been covered in the mid-day commentary. Check that out here: Strong Bond Market Rall...
Wed, Oct 1 2014, 4:39 PM
Mortgage rates moved definitively lower today , restoring almost all of the ground lost during September's weakness. This has been a gradual proces...
Wed, Oct 1 2014, 1:04 PM
Total construction spending in the U.S.
in August was estimated by the Census Bureau today to be at the seasonally
adjusted annual rate of $961.0 bi...
Tue, Sep 30 2014, 12:38 PM
The relevance of month/quarter-end trading considerations isn't limited to the US Treasury market. Month-end for German bond markets (the largest in ...
Tue, Sep 30 2014, 11:00 AM
How did we arrive at the end of the 3 rd
quarter so quickly? It has been filled with legal news about the
financial services sector right up to...
Tue, Sep 30 2014, 10:48 AM
There was what the S&P/Case-Shiller Home Price Indices
called "a significant slowdown in price increases in July S&P Dow
Jones Indices said today....
Tue, Sep 30 2014, 7:32 AM
It continues to be the case that economic data is guilty until proven innocent. The crime? Not being very relevant in terms of market movement compa...
Tue, Sep 30 2014, 4:30 PM
Month/Quarter-end trading dynamics made for a volatile day in the context of the recent range. It wasn't so much that the moves were big, just that t...
Tue, Sep 30 2014, 4:10 PM
The Consumer Financial Protection Bureau
(CFPB) filed a Consent Order on Tuesday against Lighthouse Title, a title
insurer based in Holland, Michiga...
Tue, Sep 30 2014, 3:54 PM
Mortgage rates were slightly higher today leaving September s one of only 3 months this year with noticeable upward movement. Things could have be...
Tue, Sep 30 2014, 1:32 PM
The Consumer Financial Protection Bureau
(CFPB) came down hard on Michigan-based Flagstar Bank both legally and verbally
as it issued the first ...
Mon, Sep 29 2014, 12:24 PM
MBS and Treasuries are both in distinctly stronger territory today after an overnight rally that reached it's zenith by 9am. There are quite a few fa...
Mon, Sep 29 2014, 10:52 AM
Pending home sales declined slightly in
August, mirroring a similar pull-back in existing home sales announced last
week. The National Association ...
Mon, Sep 29 2014, 10:23 AM
Is it against the law for an employer to provide
an employee with better-than-market rates? KPMG hopes not . And the only thing I could find employ...
Mon, Sep 29 2014, 7:43 AM
After September's big move higher in rates cooled off, we've been left in limbo , to some extent. There certainly hasn't been a painful continuation...
Mon, Sep 29 2014, 4:51 PM
Bond markets were in the throes of a late overnight session rally by the time the domestic session began. The rally began at 6:30am Eastern time and ...
Mon, Sep 29 2014, 3:19 PM
Mortgage rates fell at a healthy pace today, bringing them to the lowest levels since September 9th. Gains in bond markets help rates move lower a...
Fri, Sep 26 2014, 10:44 AM
I don't know what you earn on your savings in
the bank, but I earn about 0%. I think plenty of others do as well, and
plenty of others are thinkin...
Fri, Sep 26 2014, 7:34 AM
Will GDP finally be the piece of economic data that actually moves markets? No... but it might play that role on TV. I'm serious actually.
Mark...
Fri, Sep 26 2014, 5:20 PM
In case you missed it, today saw one of the biggest ever market reactions to a personnel announcement. Get caught up HERE if you like. There is ...
Fri, Sep 26 2014, 4:17 PM
Mortgage rates rose just slightly today, but the move was so small that some lenders are unchanged or even a bit better than yesterday. On top of ...
Fri, Sep 26 2014, 3:41 PM
Study after study has shown that
Millennials - that generation of Americans currently between the ages of 18 and
34 - are becoming homeowners at rat...
Fri, Sep 26 2014, 3:34 PM
Bank of America/Merrill Lynch says its official outlook
for the economy is neither that of a Bull forecasting a cyclical surge or a
Bear's view of s...
Fri, Sep 26 2014, 1:33 PM
GDP came in this morning at a whopping +4.6%, so bond markets are losing ground due to the strong economic data, right?
Wrong...
Bond markets mo...
Thu, Sep 25 2014, 12:23 PM
Once again, economic data has been a non-event in terms of market movement. Instead, two other sources of inspiration clearly stand out for US bond...
Thu, Sep 25 2014, 11:23 AM
A
Harvard study tells us that 35% of American households (both homeowners
and renters) spend at least 30% of their pre-tax income on housing
cos...
Thu, Sep 25 2014, 7:41 AM
Things are finally getting interesting again for bond markets after almost all of 2014 has been relatively boring. Unfortunately, what's interesting ...
Thu, Sep 25 2014, 5:16 PM
Yesterday's sell-off was somewhat disconcerting as it raised the possibility that the push back against September's weakness had run out of steam. ...
Thu, Sep 25 2014, 3:55 PM
Mortgage rates fell back in line with recent lows
after a disconcerting move higher yesterday. In general, rates are
still in the process of b...
Thu, Sep 25 2014, 3:14 PM
U.S. homeowners gained or regained more
than $1 trillion in equity over the year that ended on June 30, 2014. According to Core-Logic's 2nd quarte...
Thu, Sep 25 2014, 2:56 PM
Mortgage delinquencies jumped in August , a 5 percent
increase which sent the rate to its highest level since February. At the same time, foreclos...
Thu, Sep 25 2014, 2:54 PM
At
its second annual summit for stakeholders on Monday the Government National Mortgage
Association (Ginnie Mae) issued a policy paper detailing how...
Thu, Sep 25 2014, 2:35 PM
RealtyTrac estimated on Thursday that
sales of residential property including single family homes, condominiums, and
townhomes set an annual pace of...
Wed, Sep 24 2014, 12:50 PM
Overnight Treasury trading was nothing to write home about. 10yr yields began the day very close to 'unchanged' after initial weakness during Asian h...
Wed, Sep 24 2014, 10:49 AM
I
like to put my money to work. I could earn some decent dividend returns
(3-4%) if I buy some Exxon, or AT&T. Or maybe I should start
loaning m...
Wed, Sep 24 2014, 10:40 AM
There was a significant jump in new home sales in
August as the seasonally adjusted rate broke through the half million mark for
the first time sin...
Wed, Sep 24 2014, 9:19 AM
Last week's rally in
mortgage application activity was just that, last week's. The Mortgage Bankers Association (MBS) said
today that the number of...
Wed, Sep 24 2014, 7:32 AM
If you have TV, Internet, or if you speak to any other humans, it's hard to miss the fact that stocks have been on an exceptionally linear, multi-year...
Wed, Sep 24 2014, 5:36 PM
Today started off well enough for MBS and Treasuries. Although the first part of the overnight session was a bit weaker, European trading helped get ...
Wed, Sep 24 2014, 3:55 PM
Mortgage rates moved higher today ,
ending a winning streak that began last Friday. That positivity
provided a much-needed push back against th...
Tue, Sep 23 2014, 12:58 PM
Fannie
Mae's economists are painting a much improved picture for the economy in the
coming months with encouraging news in the area of business in...
Tue, Sep 23 2014, 12:43 PM
Home prices as measured by the Federal Housing
Finance Agency (FHFA) eked out another small increase in July, but monthly
figures show a definite s...
Tue, Sep 23 2014, 12:29 PM
Once again, bond markets came into the domestic session at slightly stronger levels and have more or less flat-lined. Fannie 3.5s have held inside ...
