Mon, Apr 29 2013, 10:28 AM
Home purchase contract signings slowed in March
although they remained slightly above February levels and well above contract
signings one year ea...
Mon, Apr 29 2013, 7:49 AM
There's significant economic data every day this week and several potential watershed moments. The big-ticket events start hitting on Wednesday wit...
Mon, Apr 29 2013, 4:46 PM
Lender Processing Services, Inc. (LPS) said Monday that its Home Price Index (HPI) for February was up 1.0 percent to $210 from the end-of-January I...
Mon, Apr 29 2013, 4:31 PM
Today was a perfectly acceptable--even if low volume--Monday for bond markets. Things were more quiet than usual right out of the gate with Japan and...
Mon, Apr 29 2013, 3:26 PM
Mortgage rates continued lower today, after officially hitting the lowest levels of the year on Friday. Bond markets including MBS (the "mortgage-...
Fri, Apr 26 2013, 11:44 AM
Stronger-than-expected Consumer Sentiment has not been enough to offset weaker GDP or the prevailing bullish sentiment in bond markets. That sentiment...
Fri, Apr 26 2013, 10:59 AM
Fort Worth based homebuilder D. R. Horton reported financial results for its second quarter that dwarfed results from a year earlier. The company's...
Fri, Apr 26 2013, 10:53 AM
Flipping over to the non-agency sector, uh oh: is the demand for "private label," nongovernment-backed residential mortgage securities dropping, or ...
Fri, Apr 26 2013, 10:43 AM
Flipping over to the non-agency sector, uh oh: is the demand for "private label," nongovernment-backed residential mortgage securities dropping, or ...
Fri, Apr 26 2013, 8:14 AM
Today brings to a close a two week that has--until this morning at least--been one of the most sideways and tightly contained two full weeks we've s...
Fri, Apr 26 2013, 4:38 PM
A week ago today, we began wondering what the current week could possibly offer bond markets in light of the fact that next week brought month-end, th...
Fri, Apr 26 2013, 2:02 PM
Mortgage rates finally made a break from their recent flat and sideways pattern, moving officially to the best levels of 2013 by a small margin (...
Thu, Apr 25 2013, 11:22 AM
Yesterday's highest 10yr yield was 1.727 seen just after 6am New York time. Today's high yield? 1.727, seen both at 8:37am following Jobless Claims ...
Thu, Apr 25 2013, 11:12 AM
Freddie Mac reported this morning that its Total Mortgage Portfolio increased by 4.0 percent in March to an ending balance of $1.95 trillion . The...
Thu, Apr 25 2013, 10:20 AM
I will be on a flight to Washington to speak to the Washington Association of Mortgage Professionals meeting tonight; otherwise I would listen in ...
Thu, Apr 25 2013, 9:48 AM
Zillow® said today there are signs that the rapid appreciation of home values that has been evident for some months is moderating . The company's ...
Thu, Apr 25 2013, 8:12 AM
Thursday boasts an uncommonly light overnight session in the EU and Asia followed by an only slightly less extraordinary morning for the domestic se...
Thu, Apr 25 2013, 4:34 PM
It's almost as if bond markets have been in a slow motion countdown to next week's events since April 15th. We've seen essentially no movement during...
Thu, Apr 25 2013, 4:15 PM
The House Ways and Means Committee heard a wide variety of opinions today at a hearing on housing tax incentives . Representatives of the housing, b...
Thu, Apr 25 2013, 3:18 PM
Mortgage rates were microscopically higher today, doing very little to change the pervasive theme of narrow, sideways movement this week. In fact,...
Thu, Apr 25 2013, 2:13 PM
CoreLogic, an Irvine, California based provider of property information, analytics and services, announced today that it had acquired Case-Shiller f...
Wed, Apr 24 2013, 12:28 PM
In its Quarterly Report submitted to Congress on Wednesday, the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP...
Wed, Apr 24 2013, 11:58 AM
The overnight session started out flat for bond markets and grew weaker in the early hours of the morning. A push back against the moderate weakness...
Wed, Apr 24 2013, 11:02 AM
Was the dramatic deleveraging of American households during the financial crisis solely the result of charge offs and defaults or were there other f...
Wed, Apr 24 2013, 10:15 AM
In spite of all the increased regulations and underwriting criteria that require borrowers to actually qualify, mortgage applications are hanging in t...
Wed, Apr 24 2013, 8:19 AM
Mortgage applications for both home purchases and refinancing increased slightly in what was essentially a lackadaisical week that ended April 19. ...
Wed, Apr 24 2013, 8:13 AM
Wednesday then, becomes somewhat more important i n the sense that it has an opportunity to confirm a breakout on the daily chart if and only if it c...
Wed, Apr 24 2013, 4:23 PM
The overall trading range in MBS was 6 ticks from peak to trough, but that doesn't really tell the story of the flatness. With the exception of the f...
Wed, Apr 24 2013, 2:21 PM
Mortgage rates continued their recent pattern of limited movement, rising almost imperceptibly today. This keeps them in line with recent lows, w...
Wed, Apr 24 2013, 2:20 PM
A new survey conducted by United States Appraisals found a majority of appraisers are at least somewhat bullish on the current housing market. Over 5...
Wed, Apr 24 2013, 1:23 PM
In an attempt to increase public knowledge about the availability of the Home Affordable Refinance Program (HARP) which has just been extended for an...
Tue, Apr 23 2013, 11:37 AM
All of the housing metrics released today by Lender Processing Services (LPS) showed movement in a positive direction . LPS generally provides a "f...
Tue, Apr 23 2013, 11:29 AM
Tradeflows have been a much bigger consideration this morning than the reaction to economic data. To that end, bond markets were on a mission to retu...
Tue, Apr 23 2013, 11:08 AM
New home sales increased to 417,000 units on a seasonally adjusted annual basis in March. This was a 1.5 percent increase from the revised estimate...
Tue, Apr 23 2013, 11:02 AM
We were reminded that the CFPB's " Final Rules " aren't necessarily final when it issued proposed clarifications to rules dealing with servicer-held e...
Tue, Apr 23 2013, 9:50 AM
U.S. house prices rose 0.7
percent from January to February according to data released this morning by the
Federal Housing Finance Agency (FHFA).
...
Tue, Apr 23 2013, 9:40 AM
Jeb Hensarling (R-TX), Chairman of the House Financial Services Committee announced yesterday that the committee would not be accepting testimony fr...
Tue, Apr 23 2013, 6:48 PM
Today's trading range turned out to be fairly similar to Monday's, with a notable exception. In both cases, the wider part of the range was seen in t...
Tue, Apr 23 2013, 2:27 PM
Mortgage rates barely moved today, but the modest improvements were enough to bring them as close as they've been to 2013 lows in more than three ...
Mon, Apr 22 2013, 11:47 AM
Before MBS began trading this morning, the overnight session was mostly negative for Treasuries. Asian equities were led higher by the Nikkei after t...
Mon, Apr 22 2013, 11:15 PM
April has been a pleasant month for MBS so far. Eleven out of the 16 trading days have been positive. Only 3 of the 5 down days have been more than ...
Mon, Apr 22 2013, 11:09 AM
Despite the beginning of the traditionally busy spring market, existing home sales declined slightly in March , owing primarily to continuing tight i...
Mon, Apr 22 2013, 9:39 AM
Wells Fargo has decided that it time to embark on a $100 million expansion in Iowa : This is in spite of the industry concerned about less volume an...
Mon, Apr 22 2013, 8:03 AM
Several weeks of relative silence out of the EU may soon be coming to an end. Certainly, market moving European news hasn't been completely absent th...
Mon, Apr 22 2013, 4:23 PM
If the PM hours were the only consideration for MBS markets today, it would have been as uneventful as Friday's super narrow session. Even without th...
Mon, Apr 22 2013, 4:02 PM
After what it called years of tenuous signals indicating that the housing recovery was underway Standard & Poor's (S&P) Ratings Service say this ti...
Mon, Apr 22 2013, 2:51 PM
Mortgage rates were essentially flat to begin the week, with most lenders inconsequentially higher or lower than Friday's levels. That puts today...
Mon, Apr 22 2013, 1:34 PM
Last week the Consumer Financial Protection Bureau (CFPB) issued proposed clarifications to one of its 2013 Finals Rules , the one applying to servic...
Fri, Apr 19 2013, 12:21 PM
Trading ranges like today's are occasionally referred to as "inside days" due to the highs and lows resting "inside" yesterday's highs and lows. Insi...
Fri, Apr 19 2013, 7:13 AM
Although Friday's economic calendar is utterly empty, we're getting closer and closer to a time when decisions must be made as far as the trading mome...
