Tue, Mar 10 2015, 4:04 PM
Mortgage rates moved lower for second day today, with the combined improvements erasing roughly half of the losses seen on Friday. The brings ...
Tue, Mar 10 2015, 2:03 PM
The percentage of consumers believing the economy is on the right track finally crossed paths with those who say the economy is on the wrong track i...
Tue, Mar 10 2015, 1:49 PM
Completed foreclosures declined by
nearly a quarter over the course of 2014 CoreLogic said today, and the
foreclosure inventory has improved even ...
Mon, Mar 9 2015, 12:59 PM
It's hard to know where to start discussing today's market activity, largely because today's market activity never really started . Ever since t...
Mon, Mar 9 2015, 10:25 AM
Occasionally
I am asked about how the agencies handle certain types of debt. As a
reminder, Fannie Mae requires that all deferred installment debt...
Mon, Mar 9 2015, 7:33 AM
Over the years, I've frequently gone back to the "limited data" theme on certain weeks where there is--well... limited data. The reason to mention/di...
Mon, Mar 9 2015, 5:20 PM
On the morning after 'springing forward,' we could forgive a bit of confusion or a bit of fatigue as folks who use archaic alarms may have been runnin...
Mon, Mar 9 2015, 4:32 PM
Mortgage rates managed to recover only some of Friday's heavy losses. The most prevalent conventional 30yr rate for top tier scenarios remains a...
Mon, Mar 9 2015, 1:23 PM
Black Knight Financial Service's current Mortgage Monitor Report takes an in-depth
look at home affordability and foreclosure metrics, both based...
Mon, Mar 9 2015, 1:09 PM
The share of all cash sales continue to fall in December along
with the volume of distressed property sales. CoreLogic said on Monday that
35.5 per...
Fri, Mar 6 2015, 12:32 PM
What is a dip-buyer? That's just a fancy term for an investor who has seen prices fall far enough to entice them to buy in the hopes of a bounce. It...
Fri, Mar 6 2015, 11:04 AM
Daylight
Savings commences for many parts of the U.S. dark and early Sunday
morning. For many this means spring is around the corner, with improve...
Fri, Mar 6 2015, 7:34 AM
For nearly a year, NFP hadn't mattered . That is to say, it ceased filling it's usual role as big-picture guidance giver. It was no longer setting ...
Fri, Mar 6 2015, 6:16 PM
We've been tracking a package from the BLS and new it was getting close as of Wednesday morning's major focus on employment metrics. Today we heard t...
Fri, Mar 6 2015, 4:38 PM
Mortgage rates were more or less obliterated today. Of course, everything's relative, so the obliteration is only relative to the average day of...
Fri, Mar 6 2015, 3:42 PM
It seems that taxes on real property reflect not only the
value of the property itself, but also how long the owner has held title. That was one f...
Thu, Mar 5 2015, 10:56 AM
Even though implementation of the Freddie Mac portion of the
new 97 percent conventional loan program is still weeks away the program
appears to be ...
Thu, Mar 5 2015, 10:49 AM
At
this time of year mortgage bankers everywhere are asking the same
critical question: "Is it acceptable to make an entire lunch out of Girl
Sc...
Thu, Mar 5 2015, 7:32 AM
When the ECB (European Central Bank) officially announced quantitative easing in January, they were pretty light on the details. At least that's true...
Thu, Mar 5 2015, 4:46 PM
Today's ECB press conference and QE details were indeed a hotly anticipated item, and they caused quite a stir for European bond markets (right where ...
Thu, Mar 5 2015, 4:38 PM
In a speech on Thursday the director of the Federal Housing
Finance Agency (FHFA) emphasized one of the three familiar goals of his agency's
2015 ...
Thu, Mar 5 2015, 3:38 PM
Mortgage rates held almost perfectly flat for the 2nd day in a row, despite market volatility caused by overseas events. The European Central Bank...
Thu, Mar 5 2015, 1:20 PM
Relative to its potential, today's release of ECB QE details turned out to inspire only modest volatility. Compared to an average day, however, the s...
Wed, Mar 4 2015, 12:39 PM
This morning's trading has been refreshingly straightforward. In fact, it's about as straightforward as it gets. Bond markets are clearly quite focu...
Wed, Mar 4 2015, 9:45 AM
Nothing
ruins your Friday like realizing it is only Wednesday! I lose track of
what we're celebrating this month: I was all geared up for the Iris...
Wed, Mar 4 2015, 9:12 AM
Mortgage applications were mixed and largely
flat during the week ended February 27.
The Mortgage Bankers Association said its Market Composite Ind...
Wed, Mar 4 2015, 7:01 AM
Wed, Mar 4 2015, 4:45 PM
Yesterday afternoon's latest levels in 10yr yields were right around 2.13. This morning's pre-data highs (just before 7am) were also right around 2.1...
Tue, Mar 3 2015, 12:38 PM
Anyone who's not talking about this week's rate movements in the context of the big Actavis corporate bond offering is missing the point . It was ...
Tue, Mar 3 2015, 10:52 AM
Irish-American Heritage is celebrated throughout the month of March and St. Patrick's Day is on March 17 th .
Once again our Census Bureau has its f...
Tue, Mar 3 2015, 7:33 AM
Yesterday morning, bond traders held off on more meaningful selling until they could rule out a big miss in the ISM data. That would normally mean ...
Tue, Mar 3 2015, 4:26 PM
Bonds sold off again today amid a total absence of economic data and meaningful headlines. Tradeflows were left in control and the biggest considerat...
Tue, Mar 3 2015, 3:18 PM
Mortgage rates moved convincingly higher for the second straight day, bringing them back near the highest levels of 2015. Rates are dictated pri...
Tue, Mar 3 2015, 2:34 PM
Home prices, including sales of distressed properties,
continued to appreciate on both an annual and a monthly basis in January. CoreLogic said th...
Tue, Mar 3 2015, 2:04 PM
The
multifamily market outperformed many predictions in 2014; vacancy levels,
despite a flood of new properties, declined by 10 basis points from ...
Mon, Mar 2 2015, 12:44 PM
In hindsight, this has turned out to be a simple morning for bond markets. That wasn't the case earlier when we could only guess at the likely culp...
Mon, Mar 2 2015, 11:32 AM
Both publicly and privately funded construction dipped
slightly in January from February levels the Census Bureau said today, although
both total ...
Mon, Mar 2 2015, 9:59 AM
National MI recently added a Homebuyer Education
course to its offerings. This online course will help first-time
homebuyers navigate the home ...
Mon, Mar 2 2015, 7:34 AM
It's an exciting and dangerous time for US rates markets, full of risk and opportunity. For those of us who were closely watching trends in rates...
Mon, Mar 2 2015, 5:34 PM
Have you heard much about Actavis before today?
Me neither, but that sure changed quickly! Actavis is a big pharmaceutical company that annou...
Mon, Mar 2 2015, 4:34 PM
Mortgage rates rose fairly sharply to begin the new month as a large corporate bond sale indirectly hurt the bonds that dictate mortgage rates. ...
Mon, Mar 2 2015, 4:26 PM
The Federal Housing Finance Agency (FHFA), conservator of
Fannie Mae and Freddie Mac (the GSEs), released guidelines for their sales of
non-perform...
Fri, Feb 27 2015, 11:27 AM
Even though sales of existing homes dropped by 4.9 percent
in January buyers were apparently out shopping and seriously so. The National Association...
Fri, Feb 27 2015, 11:06 AM
Zillow published an article
indicating that low-income renters have moved away from living in
rural, dense communities and into more affluent su...
Fri, Feb 27 2015, 7:34 AM
We're all a bit shaken up--us market watching types. Almost all of 2014 through January of 2015 was great, and now February has stuck out like a sore...
Fri, Feb 27 2015, 5:09 PM
Mortgage rates managed to scrape together modest gains for today's month-end session. In terms of the financial markets that dictate mortgage ...
Fri, Feb 27 2015, 4:59 PM
Very little has changed between now and the mid-day update (read that HERE if you like). To recap, bonds started the day roughly in line with yes...
Fri, Feb 27 2015, 3:04 PM
In our highly interconnected financial world, what happens in Europe, Greece, and Germany greatly affects our own bond and MBS markets .
There h...
Fri, Feb 27 2015, 2:39 PM
While its ultimate focus is the future
of the construction equipment business, Wells Fargo's Equipment Finance
division has some predictions for re...
