Fri, Aug 1 2014, 12:31 PM
Construction spending in June fell slightly below
that in May the Census Bureau said today.
Overall construction put in place during the month wa...
Fri, Aug 1 2014, 12:21 PM
MBS and Treasuries started the day in slightly weaker territory after a fairly uneventful overnight session. On NFP day, all eyes are on 8:30am anywa...
Fri, Aug 1 2014, 11:28 AM
People
need to use their heads once in a while. Circulating in the e-mail
world is a claim: "This is the only time in your life you will see this ...
Fri, Aug 1 2014, 7:31 AM
First off, anything can happen on NFP days, so feel free to skip the rest of this and buckle up for the ride if you're reading this before 8:30am ET...
Fri, Aug 1 2014, 4:23 PM
Fannie 3.5 MBS are heading out the door nearly half a point better at 102-09. 10yr yields are down 6bps at 2.498. While they didn't quite make it ...
Fri, Aug 1 2014, 3:20 PM
Mortgage rates were able to recover
some of the ground lost this week after the important Employment
Situation Report showed slightly less jo...
Fri, Aug 1 2014, 2:48 PM
Since
the start of the housing crisis the experts have noted the tendency
young adults to continue to live in their childhood homes . This they
s...
Thu, Jul 31 2014, 12:34 PM
The stakes are high for the rest of this week as far as bond markets are concerned. The anxiety is obvious. Is this the turning point where we bou...
Thu, Jul 31 2014, 12:10 PM
The Office of the Comptroller of the Currency tells us that 13 out of every 14 mortgages (93.1%) in the United States were "current and performing"
...
Thu, Jul 31 2014, 7:39 AM
With GDP living up to it's surprising potential, things have quickly gotten more serious for domestic bond markets. Before yesterday, econo-bears c...
Thu, Jul 31 2014, 5:05 PM
It's not often you'll see the S&P down over 30 points with less than 1bp of day-over-day movement in 10yr yields, but that's where we're heading out t...
Thu, Jul 31 2014, 4:09 PM
Mortgage rates
started the day in fairly rough shape with most lenders offering
noticeably higher rates vs yesterday. As stock markets slid in...
Thu, Jul 31 2014, 3:38 PM
Freddie Mac has officially declared that
the refinancing boom is over. The company's
Refinance Report for the second quarter of 2014 said that the ...
Thu, Jul 31 2014, 1:04 PM
While completed foreclosures increased
slightly from May to June, the foreclosure inventory, a count of homes in the
process of foreclosure, continu...
Wed, Jul 30 2014, 12:46 PM
Bond markets began the day on relatively level ground vs yesterday. It was, and has been up to GDP to cast the first major vote on whether or not b...
Wed, Jul 30 2014, 10:18 AM
There
are plenty of ways to divvy up people (those who like soggy cereal,
those that don't, those that can form their tongue into an "o", and
th...
Wed, Jul 30 2014, 9:16 AM
It
was a mixed and largely directionless week for mortgage applications as the
volume of applications for home purchases inched up fractionally wh...
Wed, Jul 30 2014, 7:33 AM
On the afternoon of the Thursday before last, bond markets had just gone on their run to the best levels in over a month on the geopolitical flare-up...
Wed, Jul 30 2014, 6:18 PM
Tonight's theme: "not many."
It's not many times that GDP will crack 4% after being down more than 2% in the previous quarter, but it did today. ...
Wed, Jul 30 2014, 5:02 PM
For weeks, we've discussed the prospects for increased volatility
centered on today's economic calendar. The chances of a bigger move
were much h...
Wed, Jul 30 2014, 3:41 PM
A short sale program for properties
serviced by Nationstar, which bills itself as one of the nation's largest
independent loan servicers, is the sub...
Wed, Jul 30 2014, 3:37 PM
The rate of homeownership in the U.S.
continued to slide in the second quarter of 2014, reaching a 19 year
low . The Commerce Department said tha...
Wed, Jul 30 2014, 1:59 PM
Information received since the Federal Open Market Committee met in June
indicates that growth in economic activity rebounded in the second
quarte...
Tue, Jul 29 2014, 12:39 PM
The day started out well for Treasuries and MBS for a variety of reasons. European bond markets have been the most reliable motivation for overnigh...
Tue, Jul 29 2014, 11:47 AM
Home price gains continued to slow in May, posting smaller
annual increases than In April the S&P Dow Jones Indices said today. The Indices' Case-Sh...
Tue, Jul 29 2014, 11:19 AM
My
plan has always been pretty simple with my children: feed and clothe
them in a loving home, make sure they get a college education followed
b...
Tue, Jul 29 2014, 7:42 AM
Yesterday proved to be anything but serious based on the narrow trading range. 10yr yields only used up half of the range they'd carved out on Frid...
Tue, Jul 29 2014, 5:00 PM
Markets were more active today, offering a nice little warm up for what promises to be an even more active day tomorrow. The movement came in waves...
Tue, Jul 29 2014, 4:05 PM
Mortgage rates were slightly lower
today, holding inside a low and narrow range that's been intact for
nearly 2 weeks. The movement was smal...
Mon, Jul 28 2014, 12:56 PM
Very little happened in the overnight session and very little has changed into the domestic trading hours. Bond markets were a bit weaker overnight a...
Mon, Jul 28 2014, 12:06 PM
The Home Price Index (HPI) released
on Monday by Black Knight Financial Services showed another strong
month-over-month gain for housing values in M...
Mon, Jul 28 2014, 11:13 AM
Zillow, the Seattle based company which started out in
the mid-2000s as a website where one could check on one's own and one's
neighbor's property v...
Mon, Jul 28 2014, 10:40 AM
Pending home sales declined modestly in
June after three months of what the National Association of Realtors®
(NAR) called "solid gains." NAR's P...
Mon, Jul 28 2014, 10:36 AM
How
is it that this is the last week of July already? Lots of lenders seem
to have seen decent Julys - but perhaps not as strong as some of their ...
Mon, Jul 28 2014, 7:42 AM
Finally we come to the week we've been eyeing for nearly a month as a candidate for major changes. It's fitting that 10yr yields ended the previous w...
Mon, Jul 28 2014, 5:11 PM
More due to timing and coincidence than anything, we got a few negative reprices this afternoon. Shortly thereafter, prices moved right back mid-poin...
Mon, Jul 28 2014, 3:30 PM
Mortgage rates didn't move much
to start the week, with a nearly equal number of lenders moving both
higher and lower. On average, rates wer...
Mon, Jul 28 2014, 2:54 PM
Public comments are being requested a a
new proposed rule for collecting data under the Home Mortgage
Disclosure Act (HMDA). The Consumer Financial...
Fri, Jul 25 2014, 11:56 AM
For more than a week, bond markets have flirted with a break into the best levels of the year. On several occasions 10yr yields have looked all but ...
Fri, Jul 25 2014, 11:09 AM
"Rob, you have mentioned before that you are beginning to see some companies' volumes slowing down, and maybe even some lay-offs .
Is that still ha...
Fri, Jul 25 2014, 7:27 AM
Next week is a big one. ADP/GDP/FOMC all hit on Wednesday. Month-End is on Thursday, and NFP is on Friday. There are other top-tier reports as we...
Fri, Jul 25 2014, 3:51 PM
Next week promises to be big. Even if the events don't 'agree' with each other enough to spark a major rally or sell-off, the potential is there. Du...
Fri, Jul 25 2014, 2:46 PM
Mortgage rates were sideways to marginally lower today. Many
lenders released new and improved rate sheets in the afternoon in order
for t...
Fri, Jul 25 2014, 1:30 PM
It was a bad day on Wall Street
Thursday for housing stocks. In no particular order Census Bureau
data was released showing that new home sales had...
Thu, Jul 24 2014, 12:27 PM
Typically, negative economic data on the scale of this morning's New Home Sales would be a clearly positive factor for bond prices. Sales fell at the...
Thu, Jul 24 2014, 11:24 AM
New homes sales retreated in June from
the very strong performance reported for May; a performance that
turns out to have been less strong. A join...
Thu, Jul 24 2014, 9:53 AM
For LOs who feel "enough is
enough" with regard to the proposed Pre-Licensure Education Expiration Policy on education, timelines, and requirement...
Thu, Jul 24 2014, 7:42 AM
The past 5 days have simply seen rates grind around recent lows. Things have been a bit brighter in Treasuries compared to MBS, but in general, bot...
Thu, Jul 24 2014, 4:10 PM
Mortgage rates moved higher today
at the fastest pace since July 3rd as bond markets began backing away
from more anxious levels associated wit...
Thu, Jul 24 2014, 3:59 PM
For the past 4 sessions, bond markets have traded a narrow range near their best levels of the year. This effectively began with the geopolitical r...
