Wed, Mar 26 2014, 12:04 PM
It's been a fairly uneventful, yet positive morning for bond markets. After coming into the domestic session in just slightly weaker territory, bon...
Wed, Mar 26 2014, 11:15 AM
Whenever
I riffle through my neighbor's trash cans looking for paystubs and
trying to figure out how much money they make, the motion light comes ...
Wed, Mar 26 2014, 8:55 AM
There were
continued indications during the week ended March 21 of the anticipated 2014
decrease in mortgage volume and the market's gradual shift t...
Wed, Mar 26 2014, 8:00 AM
In the days following last Wednesday's FOMC shake-up, bond markets have visibly lacked inspiration to do much of anything. That could be chalked up...
Wed, Mar 26 2014, 4:49 PM
Profits pocketed by independent banks
and banks' mortgage subsidiaries plunged in the fourth quarter of 2013 the
Mortgage Bankers Association (MBA...
Wed, Mar 26 2014, 4:16 PM
Mortgage rates improved substantially
today, at least in the context of small day-over-day movement seen
since last week's Fed Forecasts sent r...
Wed, Mar 26 2014, 4:07 PM
Today's market activity is a tale of two events: the morning's Durable Goods data and the afternoon's 5yr Treasury auction.
Heading into the 8:3...
Wed, Mar 26 2014, 3:01 PM
Freddie Mac and its economists would
like to answer the old question "are we there yet?" with "there" in this case
meaning anywhere close to a norma...
Tue, Mar 25 2014, 12:12 PM
A good thing to keep in mind about any data-based conclusion in financial markets is that details matter . This is true both in terms of the referen...
Tue, Mar 25 2014, 10:56 AM
After rising by a revised 3.2 percent January, New Home Sales
fell 3.3 percent in February according to data released today by The
Census Bureau...
Tue, Mar 25 2014, 9:47 AM
Ellie Mae came out with its latest " Origination Insight Report ."
"The free monthly Report mines its data from a robust sampling of
closed loan a...
Tue, Mar 25 2014, 9:46 AM
The current plan to wind down Fannie Mae and Freddie Mac would result in lower housing prices for everyone. It would harm the United Stat...
Tue, Mar 25 2014, 8:00 AM
Whereas yesterday got the week off to a slow start in terms of economic data, today makes up for it. There are two reports in the 9am time slot--both...
Tue, Mar 25 2014, 4:25 PM
Mortgage rates were slightly higher for some lenders today, but lower for others--holding perfectly flat on average .
There were no major disru...
Mon, Mar 24 2014, 12:19 PM
Bond markets began the day in weaker territory after a relatively uneventful overnight session. The losses were minimal and left both MBS and Treasur...
Mon, Mar 24 2014, 10:41 AM
Many folks attended the recently held IMN conference on residential mortgage servicing rights
(MSRs) in Manhattan. The primary focus of attendees ...
Mon, Mar 24 2014, 10:26 AM
Parse Janet Yellen's comments any way you want, but know one thing: This is likely to be an interesting year for bond investors.
Financial market...
Mon, Mar 24 2014, 8:00 AM
On the one hand, this week's calendar of events is fairly well packed. On the other, it's spring break. While that may not sap the level of activity...
Mon, Mar 24 2014, 4:46 PM
Mortgage rates moved sideways to slightly lower
today, but only after a slew of mid-day reprices from lenders. Before
that, the morning rate...
Mon, Mar 24 2014, 4:46 PM
Bond markets are heading toward the end of the session very close to unchanged levels. This is a small accomplishment considering they began the day ...
Mon, Mar 24 2014, 1:03 PM
Black
Knight Financial Services (formerly Lender Processing Services) reports that
home values in the U.S. as of December remained within 14 percen...
Fri, Mar 21 2014, 12:38 PM
We're heading into an afternoon that's likely to see more bets being made on Basketball games than in financial markets. Bonds in particular are on...
Fri, Mar 21 2014, 10:48 AM
It
is so sad that America ranks 25th in the world in math. But at least
we're still in the top 10. Speaking of math, the Census Bureau tells us
...
Fri, Mar 21 2014, 8:00 AM
Apart from April options expiry in Treasuries, there's really not anything to trade on today for bond markets. Wednesday's Fed forecast speedbump was...
Fri, Mar 21 2014, 4:39 PM
Don't look now, but against a slightly longer-term backdrop, bond markets merely continued in the same old ranges this week, despite being pushed near...
Fri, Mar 21 2014, 2:32 PM
Mortgage rates managed to move lower
today, generally erasing yesterday's increases. There was very little
by way of market-moving events to m...
Thu, Mar 20 2014, 12:57 PM
The day is playing out perfectly in line with our discussion in The Day Ahead . Because of Yellen's candor in conjunction with the mathematically si...
Thu, Mar 20 2014, 11:56 AM
Existing Home Sales, which are completed transactions for
single-family homes, townhomes, condominiums and co-ops, continued
trending lower in Feb...
Thu, Mar 20 2014, 9:54 AM
It has been 5 years since Thornburg
Mortgage filed for Chapter 11. For folks not around then, Thornburg
Mortgage Inc. was an American corporatio...
Thu, Mar 20 2014, 8:00 AM
For a full recap of yesterday's bond market sell-off, read this . For a synopsis, read this: Bond markets sold off yesterday, not so much because of...
Thu, Mar 20 2014, 5:37 PM
While yesterday was a surprise due to changes in Fed forecasts, today was anything but --at least if you bought in to the notion that yesterday's sel...
Thu, Mar 20 2014, 4:09 PM
Mortgage rates moved higher for
a second straight day, extending yesterday's much larger spike. Some
lenders remained relatively close to yest...
Wed, Mar 19 2014, 12:23 PM
Bond markets began the day reasonably close to unchanged levels, but were soon moving into weaker territory . Part of the move can be attributed to ...
Wed, Mar 19 2014, 11:02 AM
Information received since the Federal Open Market Committee met in December indicates that ______________ (economic activity) / (POTUS consternati...
Wed, Mar 19 2014, 9:53 AM
"Well
the midnight gang's assembled and picked a rendezvous for the night,
they'll meet 'neath that giant Exxon sign that brings this fair city
...
Wed, Mar 19 2014, 8:11 AM
Mortgage applications fell slightly percent during the week ended March 14. According to MBA's Weekly Mortgage Applications Survey the
Market Compos...
Wed, Mar 19 2014, 8:00 AM
Today would normally be a good test for market motivations. We have been able to plainly see that Ukraine-related headlines can directly affect dome...
Wed, Mar 19 2014, 5:18 PM
Mortgage rates shot higher today
at their fastest pace of the year today after Fed forecasts suggested
members saw the Fed Funds Rate rising so...
Wed, Mar 19 2014, 4:59 PM
As expected, today's FOMC Announcement was every bit the snoozer it should have been. We knew qualitative guidance was likely to replace the unempl...
Wed, Mar 19 2014, 2:06 PM
Information received since the Federal Open Market Committee met in
January indicates that growth in economic activity slowed during the
winter mo...
Wed, Mar 19 2014, 1:59 PM
Among closed loans in February, the share of refinances fell to 43 percent
from 47 percent in January, and from 68 percent in February 2013,
acc...
Wed, Mar 19 2014, 1:52 PM
Consumers planning to jump into the real estate market this spring will need to reassess pricing, whether they are looking to buy or sell.
The s...
Tue, Mar 18 2014, 12:14 PM
Overnight market movement was once again most visibly affected by headlines relating to the situation in Ukraine. This time around it was a speech ...
Tue, Mar 18 2014, 10:27 AM
What
is the MBA applications number going to tell us tomorrow? My bet, given
stories from lock desks around the nation, is that we'll see an
imp...
Tue, Mar 18 2014, 8:00 AM
Day 2 of post-referendum Ukraine may well look a lot like day one. What some feared would become an actual war, instead may simply fade from importan...
Tue, Mar 18 2014, 4:39 PM
Mortgage rates were effectively unchanged
today, putting an end to 2 days spent moving higher as the threat of
violence diminished in Ukraine. ...
Tue, Mar 18 2014, 4:05 PM
After weakness pervaded the past two sessions, bond markets have managed to find their footing before giving back any more of last Thursday's Ukraine-...
Tue, Mar 18 2014, 3:07 PM
Three non-profit homeowner counseling
organizations have sued California Governor Jerry Brown, charging that the
state had diverted 369 million dol...
Mon, Mar 17 2014, 12:26 PM
As
promised last week, the leadership of the Senate Banking Committee has
released draft legislation to revamp the nation's housing finance system. ...
Mon, Mar 17 2014, 12:14 PM
Builder
confidence as measured by the National Association of Home Builders (NAHB)/Wells
Fargo Housing Market Index (HMI) remained flat in March, ...
