Thu, Mar 6 2014, 11:33 AM
According to Gallup's 2013 annual Economy and Personal Finance
survey, the average retirement age has crept up by four years over the
past two dec...
Thu, Mar 6 2014, 11:01 AM
The venerable Freddie Mac Primary Mortgage Market Survey
(PMMS™) is a cornerstone of mortgage rate data. It is both
longstanding and highly acc...
Thu, Mar 6 2014, 8:00 AM
A quick recap of the year so far...
January kicked off with bond markets holding their ground at the weakest levels in more than two years.
...
Thu, Mar 6 2014, 4:39 PM
Mortgage rates moved quickly higher today ,
in the context of their recent range. That is to say, today's "sharp"
movement is nothing compared t...
Thu, Mar 6 2014, 4:32 PM
Bond markets were slightly weaker overnight as Geopolitical risk surround Ukraine continued to unwind. There wasn't much by way of new developments...
Thu, Mar 6 2014, 1:54 PM
Metropolitan areas considered leading
markets on the National Association of Home Builders (NAHB)/First American index
of that name increased to 5...
Wed, Mar 5 2014, 12:12 PM
Even though they stated in a news
release two weeks ago that institutional investment was waning, RealtyTrac has
released a report on its impact on ...
Wed, Mar 5 2014, 11:48 AM
MBS and Treasuries are both in slightly positive territory, and that's saying something considering the apparent challenge involved in getting here. ...
Wed, Mar 5 2014, 8:45 AM
The volume of
mortgage applications increased during the week ended February 28 for the first
time since late January. This good news was
muted ...
Wed, Mar 5 2014, 7:45 AM
"As with any geopolitical situation affecting markets, we'll only know the corner has been turned in hindsight. Until then, it's a wild card that's ...
Wed, Mar 5 2014, 5:04 PM
When
I was on a pipeline hedging trading desk, we were often expected to
have a crystal ball about where the market was going . None of us
had ...
Wed, Mar 5 2014, 4:07 PM
Mortgage rates held steady today,
on average, though some lenders are still in slightly worse shape.
Weakness in the markets that affect mortga...
Wed, Mar 5 2014, 3:55 PM
The overnight session ushered trading levels into just slightly weaker territory in the first part of the domestic session. In other words, this morn...
Tue, Mar 4 2014, 12:41 PM
Ukraine-related headlines sent moderate shockwaves through markets overnight, pushing Treasury yields higher by the open. Since then, the negative mo...
Tue, Mar 4 2014, 12:04 PM
Home
prices, including sales of distressed homes, increased nationally by 12 percent
in the 12 months ended in January CoreLogic said today. This w...
Tue, Mar 4 2014, 11:42 AM
Mortgage
originations in January were at the lowest level in 6 years 2008 Black Knight
Financial Services said today and data on prepayment speeds a...
Tue, Mar 4 2014, 10:54 AM
I
am hearing that lock desk activity is picking up, which is nice to see.
New apps mean running credit, and just in time for changing your clocks
...
Tue, Mar 4 2014, 8:00 AM
While geopolitical tensions in Ukraine are certainly affecting markets, they're not affecting all markets equally. Core European debt has consistentl...
Tue, Mar 4 2014, 4:49 PM
Mortgage rates were sharply higher today,
as concern over geopolitical tension in Ukraine turned a corner. After
a surprisingly strong end to F...
Tue, Mar 4 2014, 4:40 PM
Nothing new happened all day long. Unfortunately, the order of the day was a steady selling spree in MBS and Treasuries--easily the worst we've seen ...
Tue, Mar 4 2014, 4:14 PM
The Federal Housing Administration (FHA)
Mutual Mortgage Insurance Fund will have a positive capital reserve balance at
the end of Fiscal 2014 estim...
Mon, Mar 3 2014, 11:58 AM
There's always a risk of crediting uncommon news headlines with too much market movement . That's certainly happening with Ukraine to some extent at...
Mon, Mar 3 2014, 9:16 AM
Zelman & Associates
invites readers to join them for an informative conference call to
discuss their outlook on the housing market and mortgage ...
Mon, Mar 3 2014, 8:00 AM
This week's calendar of economic data has a roughly average number of reports, but several of them are potent market movers. Friday's jobs report , ...
Mon, Mar 3 2014, 4:09 PM
Mortgage rates moved noticeably lower today,
as investors sought the relative safety of bond markets in response to
geopolitical tensions in Ukr...
Mon, Mar 3 2014, 4:07 PM
As fun as it is to be cynical about the market movers getting the most attention, today's strength in bond markets really was mostly about Ukraine. ...
Mon, Mar 3 2014, 1:16 PM
The Census Bureau said today that
construction put in place in January was at a seasonally adjusted annual rate
of $943.1 billion, up 0.1 percent f...
Fri, Feb 28 2014, 12:41 PM
Bond markets went into the locker room after this morning's econ data fairly discouraged, but not enough to give up. That was less obviously the cas...
Fri, Feb 28 2014, 10:02 AM
Pending
sales changed little from December to January the National Association of
Realtors® (NAR) said today. That is not
surprising as the bad w...
Fri, Feb 28 2014, 9:42 AM
It
has been quite a week, visiting mortgage and banking folks in
California, Kansas, and now Texas. There are a lot of good, experienced
personn...
Fri, Feb 28 2014, 8:00 AM
With the past five sessions having been green for MBS, today affords them the opportunity to do something they haven't done since the end of March 201...
Fri, Feb 28 2014, 3:57 PM
Month-end to the rescue! We've been talking about it all week and now the phenomenon (month-end buying) is a major contributor in bond markets' abili...
Fri, Feb 28 2014, 2:48 PM
Mortgage rates rose slightly today
ending a strong 3-day move lower. The weakness followed this morning's
economic data, but the bond markets th...
Thu, Feb 27 2014, 12:59 PM
Freddie
Mac posted its ninth consecutive quarter of positive net and comprehensive
income on Thursday as well as a substantial profit for Fiscal 2...
Thu, Feb 27 2014, 12:37 PM
Foreclosure statistics continue to
improve in the "first look" at January data provided Thursday by Black Knight
Financial Services. While the time...
Thu, Feb 27 2014, 12:24 PM
MBS began the session in slightly stronger territory and soon gave up those gains after stronger-than-expected Durable Goods data. Despite the pull-b...
Thu, Feb 27 2014, 10:59 AM
Hope
springs eternal, right? As the residential lending industry wraps up a
couple rough months tomorrow, everyone is hoping for a more robust Mar...
Thu, Feb 27 2014, 10:40 AM
Foreclosure completions accelerated in
January, rising 11.8 percent to 48,000 compared to 43,000 in December. CoreLogic's January National Forecl...
Thu, Feb 27 2014, 10:13 AM
Institutional investors appear to be
losing interest in purchasing foreclosed properties for rentals in the face of
rising property prices and int...
Thu, Feb 27 2014, 8:00 AM
In two short days, bond markets have gone from being closer to 1-month highs to the best levels in more than two weeks. Such things only become pos...
Thu, Feb 27 2014, 5:26 PM
Mortgage rates gained even more ground today, and are now getting close to early February's levels, which were the lowest since November.
Much of...
Thu, Feb 27 2014, 4:52 PM
Fannie 4.0s are up 5 ticks at 104-28. That's 9 ticks lower than the early February highs, but keep in mind those highs came just before the roll, whi...
Thu, Feb 27 2014, 2:33 PM
Builders and developers engaged in the
multi-family market grew a little less confident in that market during the
fourth quarter of last year. Th...
Wed, Feb 26 2014, 12:38 PM
The day began with MBS and Treasuries in weaker territory after an uneventful overnight session. There wasn't much to the weakness and it only made f...
Wed, Feb 26 2014, 11:29 AM
Buyers seem to have ignored the unusually
stormy weather that affected a lot of the country in January, trooping through
snow and ice to boost new...
Wed, Feb 26 2014, 11:01 AM
"You
know you're old if they have discontinued your blood type." You also
know you're old if you think "vendor management" consists of making sure...
Wed, Feb 26 2014, 8:58 AM
Applications
for mortgage refinancing made up only 58 percent of all mortgage applications
during the week ended February 21, down 3 percentage po...
Wed, Feb 26 2014, 8:00 AM
Today's calendar is less busy overall, compared to Tuesday, but offers a good mix of data and events . The only significant economic report of the d...
Wed, Feb 26 2014, 4:37 PM
Mortgage rates built on yesterday's strength
and continued lower today. After lenders released rate sheet
improvements in the afternoon, the av...
Wed, Feb 26 2014, 4:33 PM
If trading days were sporting events, today would be a great game. There were several score changes, but the home team came out strong after half-tim...
