Thu, Jul 10 2014, 4:37 PM
Mortgage rates continued lower today ,
helped along this time by European markets. Although mortgage rates
are most directly influenced by pric...
Thu, Jul 10 2014, 4:30 PM
Eurozone contagion made an appearance today in much the same way it did for nearly all of 2010-2012. This time around, it's Portugal's Banco Espiri...
Thu, Jul 10 2014, 3:58 PM
Part 4 of the
recent edition of the Harvard Joint Center on Housing Studies' report on the State of the Nation's Housing looks at
the declining r...
Wed, Jul 9 2014, 12:09 PM
While MBS have made up some ground compared to Treasuries over the past few hours, they're generally underperforming this week. Fannie 3.5s are down ...
Wed, Jul 9 2014, 11:32 AM
Banks
have plenty to think about and drink about: "Write-downs", "cutbacks",
"plummeting profits"...you'd think we were talking about a bank here ...
Wed, Jul 9 2014, 10:26 AM
The
Mortgage Bankers Association reported this morning that its Market Composite
Index, which measures the volume of mortgage applications, increas...
Wed, Jul 9 2014, 7:55 AM
We'll get the normal "day ahead' stuff out of the way in a paragraph today because I spent most of my writing time on something I otherwise wasn't goi...
Wed, Jul 9 2014, 5:38 PM
Mortgage rates improved again today ,
but it wasn't exactly a straight line to success. In fact, the
underlying bond markets that directly imp...
Wed, Jul 9 2014, 5:16 PM
While the overnight session was slightly weaker and the 10yr auction made things that much worse, the day's main event was undoubtedly the FOMC Minute...
Wed, Jul 9 2014, 1:12 PM
A recent survey by Redfin, the
Seattle-based real estate company, found some substantial disconnects among
buyers, sellers, and market reality.
...
Tue, Jul 8 2014, 11:54 AM
With today continuing yesterday's tradition of offering very little by way of scheduled events, bond markets must look elsewhere for cues. Actually, ...
Tue, Jul 8 2014, 10:51 AM
Even as various
indicators of foreclosure activity continue to tumble from their year ago
levels, they still tend to bounce up and down from month t...
Tue, Jul 8 2014, 10:37 AM
Normal
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false
EN-US
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X-NONE
...
Tue, Jul 8 2014, 10:23 AM
What
has the CFPB been up to lately? For starters, remember that the
Consumer Financial Protection Bureau's funding comes not from Congress
but ...
Tue, Jul 8 2014, 7:42 AM
"The range" is admittedly an overused term, and it requires constant contextual clarification. While various examples offer convenient connections be...
Tue, Jul 8 2014, 4:38 PM
Market participation was pathetic yesterday--the lightest session since at least April. Today was merely "average" but that's a huge improvement over...
Tue, Jul 8 2014, 3:10 PM
Mortgage rates improved today .
The bonds that most directly affect rates got a boost from stock market
weakness and ongoing European bond mark...
Mon, Jul 7 2014, 12:40 PM
From Thursday's latest levels, Fannie 3.5s are 3/32nds higher in price, compared to a 9/32nds gain in 10yr Treasuries (also in price). That means Tre...
Mon, Jul 7 2014, 10:55 AM
Responses to Fannie Mae's National
Housing Survey for June showed more marked changes in several categories than
has been the case in recent month...
Mon, Jul 7 2014, 10:28 AM
Here's a survey for LOs - maybe it will have an impact on being able to contribute closing costs to borrowers.
"Last year, the Government Affair...
Mon, Jul 7 2014, 7:32 AM
On the whole, 2014 has certainly seen a narrow range in rates, but within that broader range, we've still been able to witness distinct trends. For...
Mon, Jul 7 2014, 4:48 PM
Today's session barely had a pulse. Weather is nice. It's the day after a 3-day weekend, and there was nothing meaningful on the event calendar. ...
Mon, Jul 7 2014, 3:20 PM
Mortgage rates didn't move
today. Some lenders were slightly higher or lower compared to
Thursday, but only in terms of closing costs, and onl...
Thu, Jul 3 2014, 12:05 PM
Inexplicable bond market resilience isn't always about the Eurozone, but sometimes it is, and today is one of those times.
In order to have inexpli...
Thu, Jul 3 2014, 10:46 AM
Remember RMIC ?
"On June 27, 2014 the North Carolina Department of Insurance issued a
Final Order ("Order") Approving the Amended and Restated Co...
Thu, Jul 3 2014, 7:31 AM
There is so much on tap today per hour of open market time. It may be some sort of record. Not on the economic calendar below, but still potentially...
Thu, Jul 3 2014, 3:23 PM
There's not much left to be said or concluded in terms of today's events (because it's a short day, and there simply hasn't been much time between now...
Thu, Jul 3 2014, 2:33 PM
Mortgage rates were higher yet again
today, taking their cue from the Employment Situation report. This is
the big "jobs report"--the most imp...
Thu, Jul 3 2014, 2:15 PM
In the second part
of the Harvard Joint Center for Housing Studies' latest update on The State of the Nation's Housing, the
authors look at the na...
Thu, Jul 3 2014, 1:26 PM
The Harvard Joint Center for Housing Studies' most recent edition of The State of the Nation's Housing deals first with the current status of the hous...
Thu, Jul 3 2014, 1:04 PM
Mortgage
prepayments have picked up over the last three months as interest rates pulled
back from recent highs. Black Knight
Financial Services ...
Wed, Jul 2 2014, 12:17 PM
Referring to the morning's weakness as exclusively "ADP-inspired" is a bit of an overstatement . Bond markets have generally been trading in the dir...
Wed, Jul 2 2014, 10:10 AM
In
July 1776, the estimated number of people living in the newly
independent nation was 2.5 million. (Nowadays, this is approximately the
number...
Wed, Jul 2 2014, 8:54 AM
Even as
mortgage interest rates retreated across the board last week Mortgage
application volume remained essentially unchanged . The Mortgage Ban...
Wed, Jul 2 2014, 7:42 AM
Thursday approaches, bringing with it a glut of significant economic data, an ECB Announcement, and an early close in observance of Independence Day. ...
Wed, Jul 2 2014, 6:36 PM
Love it or hate it, ADP data matters when it's as far from consensus as it was this morning (otherwise, it's been having less and less of an impact). ...
Wed, Jul 2 2014, 5:36 PM
Mortgage rates moved higher today ,
once again at faster pace than most of the recent movement higher or
lower. The weakness in mortgage market...
Tue, Jul 1 2014, 12:10 PM
Simply put, there's been a moderate, but pervasive amount of bond market weakness intact ever since yesterday's quarter-end trading wrapped up. As we...
Tue, Jul 1 2014, 10:57 AM
Home
prices enjoyed a 27 th straight month of year-over-year growth in May
CoreLogic said today, but noted that those gains are no longer in the ...
Tue, Jul 1 2014, 10:47 AM
Yes, smaller lenders sue each other. The latest verdict announced was a decision between Stearns and Prospect Mortgage . And we have the latest set...
Tue, Jul 1 2014, 7:46 AM
With the end of the month/quarter out of the way, bond markets may now have more capacity to tune in to the week's economic data. But when quarter-en...
Tue, Jul 1 2014, 4:46 PM
One theme dominated the day: changing of the guard between June/Q1 trading and July/Q2. Out with the old, in with the slightly less old, but not fund...
Tue, Jul 1 2014, 4:02 PM
Mortgage rates finally made a move higher
today as financial markets transitioned from 2nd to 3rd quarter trading
strategies. Most frequently,...
Tue, Jul 1 2014, 2:06 PM
Federal and state regulatory
agencies have issued final guidance to financial institutions under their
jurisdiction regarding home equity lines of c...
Tue, Jul 1 2014, 1:46 PM
Construction spending in the U.S. was
essentially flat in May although there were gains from one year earlier. A small gain in spending by the pub...
Mon, Jun 30 2014, 12:05 PM
While the overnight sessions was relatively uneventful, the first half of the domestic session has seen some decent volatility . After starting out ...
Mon, Jun 30 2014, 10:32 AM
There was encouraging home market news
from the National Association of Realtors® (NAR) this morning. The association's Pending Home Sales Index
s...
Mon, Jun 30 2014, 10:02 AM
Suddenly
the entire industry seems interested in three things: using the Federal
Home Loan Banks as a pseudo-warehouse line, jumbo deals, and
fo...
Mon, Jun 30 2014, 7:27 AM
Pound for pound, this is one of the busiest weeks of the year . There are relevant economic reports every day as well as Fed speakers and the last t...
Mon, Jun 30 2014, 3:50 PM
Considering that today's trading range wasn't meaningfully wider than Friday's AND that closing prices look like they'll fall inside Friday's range, t...
