Tue, Jan 5 2010, 9:14 AM
In the US, the S&P is flat, -0.1% at 1131.88, the Dow is -0.32% at 10550 and the NASDAQ is -0.26% at 2302. The 3.375 coupon bearing 10yr TSY note is +...
Tue, Jan 5 2010, 8:14 AM
The decade started off well yesterday with all three US markets soaring by more than 1.50% yesterday. This morning the futures market looks to extend ...
Tue, Jan 5 2010, 5:34 PM
It was remarkable to read the headline: Fed Economist: Housing Is a Lousy Investment, especially when it was written by Federal Reserve economist at a...
Tue, Jan 5 2010, 4:01 PM
The question we were looking to address when the new year began was: WERE HIGHER RATES IN DECEMBER A FUNCTION OF SEASONAL INFLUENCES or DID THE 'BIG P...
Tue, Jan 5 2010, 3:42 PM
While economists have pronounced that the recession is over, the Q3 MBA Databook still sees signs of distress in the commercial real estate market inc...
Tue, Jan 5 2010, 2:39 PM
Reports from fellow mortgage professionals do indicate lender rate sheets to be improved from yesterday. The par 30 year conventional rate mortgage ha...
Mon, Jan 4 2010, 10:35 AM
Mon, Jan 4 2010, 10:21 AM
Wise managers know their firm's most valuable asset gets up and goes home everyday. I believe this applies to the industry as a whole. The housing ind...
Mon, Jan 4 2010, 9:25 AM
FHA Fee Capped Removed; Treasury Crosses $2 Trillion in Debt Sales; Pipeline Control Tactics; Updates from GMAC, UBOC, USB, Caliber, and Alerus
Mon, Jan 4 2010, 8:22 AM
“Regulatory and supervisory policies, rather than monetary policies, would have been more effective means of addressing the run-up in house prices . ....
Mon, Jan 4 2010, 3:58 PM
Bank of America was the leading underwriter of U.S. mortgaged-backed securities, underwriting 63 issues or 17.5 percent of the total market. Bank of ...
Mon, Jan 4 2010, 1:56 PM
Reports from fellow mortgage professionals indicate the par 30 year conventional rate mortgage remains in the 5.00 to 5.25% range for well qualified c...
Thu, Dec 31 2009, 12:12 PM
Thu, Dec 31 2009, 11:25 AM
Mortgage rates improved for the first time in six sessions yesterday as mortgage backed securities price appreciations early in the day allowed lender...
Thu, Dec 31 2009, 9:33 AM
Rates sold off following the release of jobless claims (which I need to dig deeper into). While many will take this data as an indication of good thin...
Thu, Dec 31 2009, 8:26 AM
It’s the final day of the decade and the S&P 500 and Dow each are likely to close the year with their biggest annual percentage gains in five years, t...
Thu, Dec 31 2009, 2:30 PM
Wed, Dec 30 2009, 12:45 PM
The six day streak of rising mortgage rates finally stalled out yesterday! Although mortgages started yesterday on a negative note, mortgage-backed se...
Wed, Dec 30 2009, 10:57 AM
In the mortgage market, yesterday's late afternoon rally has extended over into today' session. "Rate sheet influential" MBS prices are have ventured ...
Wed, Dec 30 2009, 9:49 AM
Wells Fargo Watching Renegotiated Home Sale Prices; RESPA Influence: Flagstar Shortens Loan Delivery Period; VA IRRRL Update
Wed, Dec 30 2009, 8:24 AM
Six days of equity gains came to a halt yesterday but the losses were trivial as the Dow slipped 0.02% and the S&P 500 fell 0.14%. This morning, howev...
Wed, Dec 30 2009, 4:56 PM
Wed, Dec 30 2009, 1:05 PM
The Treasury has successfully auctioned $32 billion 7 year notes. As always, we expect volatility post-auction. After profit-taking weakened MBS this...
Tue, Dec 29 2009, 12:52 PM
In August, 17 of 20 cities reported month over month appreciations. In September 10 out of 20 cities reported month over month improvements. In Octobe...
Tue, Dec 29 2009, 12:10 PM
Reports from fellow mortgage professionals indicate mortgage rates to be similar to yesterday’s. The par 30 year conventional rate mortgage remains i...
Tue, Dec 29 2009, 10:09 AM
Lots of Investor Updates; YSP & HVCC Chatter; GSE Portfolio Size; Florida Broker Applications Skyrocket
Tue, Dec 29 2009, 9:41 AM
The S&P/Case-Shiller Home Price Index has been released. The 20 city home price index was +0.00% in October. Worse than estimates of +0.2%.On a year o...
Tue, Dec 29 2009, 8:35 AM
The holiday rally is extending as equities look to continue climbing for a seventh consecutive day. One hours before the open, S&P 500 futures are up ...
Tue, Dec 29 2009, 4:32 PM
Tue, Dec 29 2009, 1:07 PM
Mon, Dec 28 2009, 12:46 PM
Reports from fellow mortgage professionals indicate the par 30 year conventional rate mortgage has risen to the 5.00% to 5.25% range for well qualifie...
Mon, Dec 28 2009, 10:47 AM
GSEs Gain Federal Support; MGIC Sued by BoA; Buffet to Buy ResCap? News from Chase, Wells, BofA, UBOC
Mon, Dec 28 2009, 10:40 AM
While "real money" (indirect at least) will most likely be the main source of a supportive bid in TSYs this week, the majority of market participants ...
Mon, Dec 28 2009, 8:04 AM
With one week to go in 2009 the S&P 500 is up 24.7% on the year. Or, if it makes you feel better, the benchmark index is up 64.8% since its nadir on M...
Mon, Dec 28 2009, 5:15 PM
Mon, Dec 28 2009, 1:07 PM
Treasury has just auctioned $44 billion 2 yr notes. The high yield was slightly above the 1pm current market bid ("when issued"), stopping out at 1.08...
Thu, Dec 24 2009, 10:05 AM
Today I thought I would dispense with the usual information and pass along this poem that a few nice readers sent to me yesterday (thank you!). And un...
Thu, Dec 24 2009, 9:44 AM
Thu, Dec 24 2009, 8:25 AM
Markets have been gaining for four straight days and the futures market suggests they’re not done the holiday cheer yet. The ahead will probably see l...
Thu, Dec 24 2009, 2:12 PM
Wed, Dec 23 2009, 12:36 PM
Sales of new single family homes fell 11.3% to an annual pace of 355,000 units. This was much lower than consensus estimates of 440,000 annual sales a...
Wed, Dec 23 2009, 11:34 AM
Oh...and by the way. "Rate sheet influential" MBS prices are FALLING FAST!
The FN 4.0 is now +0-06 at 97-04 yielding 4.273% and the FN 4.5 is +0-06 a...
Wed, Dec 23 2009, 10:48 AM
In the most recent report, loan application volume fell 10.7 percent. The Refinance Index decreased 10.1 percent from the previous week and the seaso...
Wed, Dec 23 2009, 10:22 AM
Delay in FHA Appraisal Requirements; RESPA Update; VA Loan Flipping; Mortgage Apps Down
Wed, Dec 23 2009, 8:38 AM
In VERY VERY light overnight trading, the 3.375% semi-annual coupon paying 10yr TSY note moved higher in price and lower in yield. Rates were mostly ...
Wed, Dec 23 2009, 8:03 AM
Markets are looking to push upwards for a fourth consecutive day ahead of several economic releases this morning. Two hours before the open equities ...
