Mon, Oct 18 2021, 10:05 AM
We typically don't talk too much about volume. It doesn't much matter for the purpose of tracking intraday reprice risk because the price is the pric...
Fri, Oct 15 2021, 7:33 PM
After a calm summer at historic lows, interest rate volatility has ramped up heading into the fall. What are rates worried about, and is this just the...
Fri, Oct 15 2021, 3:08 PM
Steady Selling All Day For Bonds
Bonds may have rallied on Mon-Thu, but Friday's theme has been quite differ...
Fri, Oct 15 2021, 1:32 PM
The number of homeowners in forbearance receded at a brisk clip last week as the first wave of final expirations continues. Black Knight reports the n...
Fri, Oct 15 2021, 11:18 AM
As was probably inevitable, foreclosure files rose significantly in the third quarter of 2021 and appeared to accelerate in the last month of that qua...
Fri, Oct 15 2021, 10:55 AM
Consumers continue to have divergent opinions about the current environment for buying and selling a home. Fannie Mae says its September National Hous...
Fri, Oct 15 2021, 10:52 AM
Life is full of decisions. One space or two after a period in a sentence? Move to a state with no state income tax, or stay put? Wells Fargo is no lon...
Fri, Oct 15 2021, 8:57 AM
Thursday brought more gains for bonds, but not the kind that led us to expect a continuation of the rally. Rather, we argued the improvement was bett...
Thu, Oct 14 2021, 4:25 PM
Mortgage rates fell today as a majority of lenders finally got caught up with the past few days of strength in the bond market. Lenders rely on bonds-...
Thu, Oct 14 2021, 4:25 PM
Can The Good Times Keep Rolling?
Referring to the past 3 days as "good times" is questionable. Perhaps "tim...
Thu, Oct 14 2021, 11:00 AM
Labor strikes are back in the news, but this time of year is *** cancer awareness month . Did you know that 1 in 8 women get *** cancer, and it can at...
Thu, Oct 14 2021, 10:47 AM
Refinancing again dominated mortgage originations in August after falling below a 50 percent market share in both June and July. ICE Mortgage Technolo...
Thu, Oct 14 2021, 9:26 AM
Headlines like "Indecision Setting In" have ironically been seen at the start of some days that ended up being big movers, so apologies in advance if ...
Wed, Oct 13 2021, 3:51 PM
Closely following intraday moves for the bond market and mortgage rates means that seemingly insignificant time frames are actually important . For in...
Wed, Oct 13 2021, 3:45 PM
No Floors Harmed in Defense of The Ceiling
With yields vaulting higher last week, we've been looking for any...
Wed, Oct 13 2021, 10:35 AM
Those heading to the conference in San Diego should pack stylish, yet sensible, shoes given the amount of walking. (Today’s audio version of the comme...
Wed, Oct 13 2021, 10:31 AM
The volume of mortgage applications ticked up last week for the first time in three weeks, but an uptick was the extent of it. The Mortgage Bankers As...
Wed, Oct 13 2021, 9:45 AM
There has been more than a little bit of willingness on the part of the bond market to react to Fed's rate hike outlook. This began in earnest after ...
Tue, Oct 12 2021, 4:15 PM
Bonds Improve After Treasury Auction; Why MBS Are Lagging
Bonds began the day weaker, but improved steadily ...
Tue, Oct 12 2021, 4:14 PM
A new report from the National Association of Realtors (NAR) says housing affordability in the U.S. improved in August for the second straight month. ...
Tue, Oct 12 2021, 3:41 PM
Mortgage rates continued higher on Tuesday after reaching the highest levels in months by the end of last week. The bond market was closed on Monday, ...
Tue, Oct 12 2021, 11:04 AM
While the company estimates that about one million homeowners have not made a monthly mortgage payment in more than a year, CoreLogic says conventiona...
Tue, Oct 12 2021, 11:01 AM
Access to jumbo mortgages increased nearly 6 percent in September, pulling the Mortgage Bankers Association's (MBA's) Mortgage Credit Availability Ind...
Tue, Oct 12 2021, 10:57 AM
People ask me for advice all the time. For example, I tell guys, “Don’t ask your wife when dinner will be ready while she’s mowing the lawn.” With the...
Tue, Oct 12 2021, 9:26 AM
Last week was unpleasant for the bond market. Yields tested and then broke above the technical ceiling at 1.56%, ultimately making it as high as 1.62...
Fri, Oct 8 2021, 6:34 PM
It goes by many names: The Employment Situation, Nonfarm Payrolls (NFP), or simply "the jobs report." No matter what you call it, the Labor Department...
Fri, Oct 8 2021, 4:01 PM
What's Up With Super Weak NFP Tanking The Bond Market?!
Non-Farm Payrolls (NFP) were much weaker than expect...
Fri, Oct 8 2021, 2:53 PM
The number of mortgages in forbearance saw its l argest reduction in 12 months l ast week. Black Knight said 177,000 loans exited the program, many of...
Fri, Oct 8 2021, 2:50 PM
As the result of a Local Employment Dynamics Webinar held earlier this year, the Census Bureau has paired up with Zillow, using their combined data to...
Fri, Oct 8 2021, 11:07 AM
Non-Farm Payrolls (NFP) were much weaker than expected (194k vs 500k f'cast), but that had almost no impact on the bond market in the first hour of tr...
Fri, Oct 8 2021, 10:21 AM
The definition of the word “holiday” seems open to debate, as some states, and companies, working on holidays like Monday’s. Words are important. It’s...
Thu, Oct 7 2021, 3:29 PM
Highest Yields in Months. Could Jobs Report Make it Worse?
After a somewhat hopeful bounce in yesterday's t...
Thu, Oct 7 2021, 2:52 PM
It's Thursday and thus time once again for some seriously confusing mixed signals in the world of mortgage rate journalism. The weekly Freddie Mac rat...
Thu, Oct 7 2021, 11:23 AM
The human brain is an amazing thing. Some readers can instantaneously identify the song, and album, if I only said, “Play it pretty for Atlanta.” Othe...
Thu, Oct 7 2021, 9:57 AM
It remains to be seen what impact tomorrow's jobs report might have given that it would take an atrociously weak number to derail the Fed's November t...
Wed, Oct 6 2021, 4:31 PM
Mortgage rates managed to hold mostly steady on Wednesday despite several headwinds that threatened to push them higher. The first headwind falls into...
Wed, Oct 6 2021, 4:26 PM
Bonds Vote To Hold The Range Despite Stronger Data
10yr yields tested multi-month highs overnight (1.573), b...
Wed, Oct 6 2021, 11:00 AM
Mortgage applications declined by the largest margin in three months during the week ended October 1. The Mortgage Bankers Association said its Market...
Wed, Oct 6 2021, 10:57 AM
This budget thing is out of control. In a blow to privacy, did you know that the proposal would require banks, credit unions, etc., to report to the I...
Wed, Oct 6 2021, 9:36 AM
1.573% on a 10yr US Treasury Note?! While this still isn't the place a yield-seeking investor would park their money (inflation-adjusted returns at a...
Tue, Oct 5 2021, 4:51 PM
Both CoreLogic and Black Knight have looked at the million plus home loans that are still in forbearance as the majority of those borrowers are quickl...
Tue, Oct 5 2021, 4:48 PM
CoreLogic reported another record rise in its Home Price Index (HPI) in August. The company said the 18.1 percent annual increase was again the result...
Tue, Oct 5 2021, 4:35 PM
Mortgage rates managed to begin the week by holding relatively steady, but that changed rather noticeably today. The bond market (which dictates day t...
Tue, Oct 5 2021, 4:35 PM
Rates Move Back Toward Recent Highs.
Bonds started the day only modestly higher after a fairly uneventful ov...
Tue, Oct 5 2021, 11:28 AM
Modest weakness on Monday meant the door was still open for bonds to challenge the lower boundary of the higher rate range seen last week. Today's tr...
Tue, Oct 5 2021, 10:08 AM
Paul P., writes, “Hope is a good companion but a poor guide.” But the nation is hoping that the share of loans in forbearance continues to decline. An...
Mon, Oct 4 2021, 4:16 PM
Could be Better. Could be Worse
Bonds ended last week on a strong note with yields challenging the lowest le...
Mon, Oct 4 2021, 4:03 PM
Mortgage rates are unchanged to a hair lower compared to last Friday, depending on the lender. While that's welcome news given some of the big jumps i...
Mon, Oct 4 2021, 10:53 AM
Is relief in sight for potential homeowners? Too early to tell, but Black Knight says that the rate of acceleration in home price growth did slow slig...
Mon, Oct 4 2021, 10:37 AM
Construction spending in August, both public and privately funded, was essentially unchanged from the prior month. The Census Bureau said total constr...
