Fri, Nov 12 2021, 1:20 PM
The universe of mortgage regulators issued a joint statement on Wednesday, notifying servicers that they intend to again enforce "critical protections...
Fri, Nov 12 2021, 10:56 AM
The typical federal holiday plays nicely with the bond market. Most involve a full closure on a Monday or Friday and are often preceded by a "half da...
Fri, Nov 12 2021, 10:45 AM
Forget mortgages… As snow hits the Upper Midwest and rain hits the East Coast, according to the USDA, nationwide frozen turkey inventories are 24 perc...
Wed, Nov 10 2021, 3:52 PM
The national delinquency rate has seen a massive improvement over the last year. The Mortgage Bankers Association (MBA) reports that, at the end of th...
Wed, Nov 10 2021, 3:34 PM
Mortgage rates managed to drift down to their best levels in more than a month by yesterday, but the good times ended today... abruptly ! Interest rat...
Wed, Nov 10 2021, 3:32 PM
Big Nasty Sell-Off Sends a Message About The Range
Steady selling in the morning followed by heavy selling a...
Wed, Nov 10 2021, 11:13 AM
Consumer attitudes toward both buying and selling improved in October, although the number who feel it is a good time to buy a home remains at record ...
Wed, Nov 10 2021, 11:11 AM
I recently spent some of my day receiving a COVID test, and the nurse asked me, “Have you had a sudden loss of taste?” I replied, “No, I’ve always dre...
Wed, Nov 10 2021, 9:44 AM
Refinancing rebounded during the week ended November 5, driving the volume of mortgage applications to their largest week-over-week increase since lat...
Wed, Nov 10 2021, 9:42 AM
In econo-jargon, the word "real" typically refers to "inflation-adjusted." So when we say that "real 10yr yields" hit record lows this morning, it co...
Tue, Nov 9 2021, 3:56 PM
Mortgage credit availability did little to crawl back to pre-pandemic levels last month. The Mortgage Bankers Association said its Mortgage Credit Ava...
Tue, Nov 9 2021, 3:53 PM
Black Knight says rate locks declined 5.9 percent in October on top of a 10 percent decrease in September. Purchase mortgage locks and those for cash-...
Tue, Nov 9 2021, 3:42 PM
Mortgage rates moved moderately lower for the 5th straight day, bringing them to the best levels since late September or early October, depending on t...
Tue, Nov 9 2021, 3:36 PM
Weaker Treasury Auction, But Only After a Strong Morning
In and of itself, the10yr Treasury auction (arguabl...
Tue, Nov 9 2021, 8:58 AM
Today's MBS charts initially made it seem like prices had fallen versus yesterday's latest levels. In a way, they did, but the right side of the char...
Mon, Nov 8 2021, 4:27 PM
Mortgage rates are directly based on trading levels in the bond market, so it's almost a given that rates will move in the same direction as bond yiel...
Mon, Nov 8 2021, 4:27 PM
Mixed Signals As Holiday-Shortened Week Begins
Bonds lost some ground today. 10yr yields were up roughly 4b...
Mon, Nov 8 2021, 11:28 AM
One of the original and most well-known housing market IBuyers has bit the dust. Zillow announced last week that it is discontinuing its Zillow Offers...
Mon, Nov 8 2021, 11:26 AM
Starting today I’m in Oklahoma City for the OMBA Conference . The median home price here is roughly $150,000 and housing prices are up nearly 7 percen...
Mon, Nov 8 2021, 9:18 AM
As far as most news outlets are concerned, Friday's passage of the infrastructure bill is the big news for Monday morning. At one time, the bond mark...
Fri, Nov 5 2021, 6:53 PM
This week, the Fed announced a reduction in its bond buying. In separate news, the big jobs report was much stronger than expected. Both of these even...
Fri, Nov 5 2021, 3:24 PM
Why In The World Did Bonds Rally So Much Today?
Bonds embarked on a surprisingly swift move in a surprising ...
Fri, Nov 5 2021, 11:11 AM
Following a quiet week in which only 19,000 homeowners exited forbearance, Black Knight reports that the week ended November 2nd saw 85,000 departures...
Fri, Nov 5 2021, 11:02 AM
Nothing brings women together quite like an unclear dress code. Dress codes have been all over the map during the pandemic, and as companies adjust to...
Fri, Nov 5 2021, 10:05 AM
Friday begins with a stronger-than-expected jobs report, including big positive revisions to the past few months and another drop in the unemployment ...
Thu, Nov 4 2021, 4:31 PM
The block purchases of single-family houses by institutional investors, which began during the housing and foreclosure crisis, was first credited with...
Thu, Nov 4 2021, 4:27 PM
Freddie Mac is joining Fannie Mae in including timely rent payments into the assessment of homebuyer credit. Fannie Mae's president, Hugh Frater annou...
Thu, Nov 4 2021, 4:17 PM
Mortgage rates fell today as markets decompressed following yesterday's announcement from the Federal Reserve regarding the reduction of its bond buyi...
Thu, Nov 4 2021, 4:13 PM
Why Bonds Really Rallied on Thursday
Thursday's big bond rally was not a foregone conclusion destined to fol...
Thu, Nov 4 2021, 10:58 AM
Excuse me while I rant a bit. Let’s throw some money questions your way on a Thursday. Do you have any Rice Krispies at your store? If you do, buy the...
Thu, Nov 4 2021, 9:54 AM
Today's early trading range for the bond market was anyone's guess yesterday afternoon. Sometimes overseas markets have a different reaction to US mon...
Wed, Nov 3 2021, 4:27 PM
Bonds Take Tapering Mostly In Stride
Today was the day that the Fed announced a reduction in the pace of its...
Wed, Nov 3 2021, 4:07 PM
The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum ...
Wed, Nov 3 2021, 4:07 PM
Mortgage rates moved higher today after the Federal Reserve announced a reduction in its rate-friendly bond buying program. Actually, to be fair, rate...
Wed, Nov 3 2021, 2:05 PM
The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum ...
Wed, Nov 3 2021, 11:02 AM
Real estate investors, agents, and lenders were keenly interested in Zillow’s earnings call yesterday. Those of us listening in learned that the compa...
Wed, Nov 3 2021, 9:40 AM
The Fed has been more than clear that it will announce a reduction in bond purchases today. This has been part of the bond market's destiny from the ...
Wed, Nov 3 2021, 9:05 AM
The U.S. Census Bureau reports that homeownership was unchanged in the third quarter of 2021 from the rate in the second quarter, 65.4 percent, but wa...
Wed, Nov 3 2021, 9:04 AM
The volume of mortgage applications as measured by the Mortgage Bankers Association's (MBA's) Market Composite Index declined during the week ended Oc...
Tue, Nov 2 2021, 3:58 PM
CoreLogic says that demand for homebuying remained strong through the end of summer. Along with the ongoing shortage of available homes, demand drove ...
Tue, Nov 2 2021, 3:58 PM
Mortgage rates began the day moderately lower compared to yesterday's latest levels. The size of the move depends on the time of day in question due t...
Tue, Nov 2 2021, 3:51 PM
Construction spending decreased 0.5 percent from August to September according to data released by the U.S. Census Bureau. Total spending was at a sea...
Tue, Nov 2 2021, 3:45 PM
Does Precedent Matter For 2021 Taper Announcement?
Bonds rallied today, depending on when and where you look...
Tue, Nov 2 2021, 8:58 AM
The extent to which markets are expecting a Fed taper announcement tomorrow cannot be overstated. In fact, if the Fed announcement were reduced to a ...
Mon, Nov 1 2021, 4:02 PM
Mortgage rates moved moderately lower today despite an absence of significant movement in the bond market. In general, when bonds improve, rates fall ...
Mon, Nov 1 2021, 4:02 PM
Bonds Battle Back After Slightly Weaker Start
There are bigger-picture, thematic trends in the bond market a...
Mon, Nov 1 2021, 1:18 PM
Fannie Mae and Freddie Mac (the GSEs) reported their respective third quarter 2021 financial results on Friday. Both posted significant increases in n...
Mon, Nov 1 2021, 12:01 PM
Black Knight says that, amid all of the aid and stimulus provided to keep the economy rolling along during the pandemic, one aspect that doesn't get a...
Mon, Nov 1 2021, 11:14 AM
November already? A feast for giving thanks for the harvest began in 1621, and was celebrated intermittently by various colonies/states for the next 2...
Mon, Nov 1 2021, 9:13 AM
Any rate watcher who lived through 2013 has not-so-fond memories of the taper tantrum. (For those of you who weren't tuned in, that refers to the inc...
