Search Results for:

You are here

Q3 was 'Rough Patch' for Housing; Q4 Indicators Not Positive
Blog 1 day ago
Q3 was 'Rough Patch' for Housing; Q4 Indicators Not Positive

Housing activity in the third quarter of 2017 is described as "continuing its rough patch" in Fannie Mae's latest edition of Economic Developments....

Share
MBS RECAP: Holiday Mode Engaged as Bonds Seek Center of Range
Blog 1 day ago
MBS RECAP: Holiday Mode Engaged as Bonds Seek Center of Range

With today's modest gains, bond markets did exactly what they need to in order to keep the medium term momentum technicals perfectly flat (that...

Share
Mortgage Rates Unchanged Heading Into Holiday Week
Blog 1 day ago
Mortgage Rates Unchanged Heading Into Holiday Week

Mortgage rates barely budged today--not too surprising considering today's bond market levels (which underlie rates) were roughly in line with...

Share
More Than Half of October Refis Were FHA/VA
Blog 1 day ago
More Than Half of October Refis Were FHA/VA

The interest rate for loans originated (closed) in October inched down 1 percentage point to 4.20 percent, the lowest rate thus far in 2017, and...

Share
Home Building Surges to Year's Best Levels, Erasing Summertime Sadness
Blog 1 day ago
Home Building Surges to Year's Best Levels, Erasing Summertime Sadness

It has been a while since all three measures covered in the residential construction report were strongly positive. In fact, certain metrics...

Share
MBS Day Ahead: Bond Markets May Be Done For The Holidays
Blog 1 day ago
MBS Day Ahead: Bond Markets May Be Done For The Holidays

Take a few steps back from the shorter-term charts (we tend to watch at 2-day chart for most lock/float purposes on MBS Live) and a theme begins to...

Share
MBS RECAP: Bonds Adrift, No Land in Sight
Blog 2 days ago
MBS RECAP: Bonds Adrift, No Land in Sight

Bond markets are officially looking for inspiration, motivation, or even just something to pass the time.  Today's events didn't seem to do the...

Share
Mortgage Rates Slightly Higher
Blog 2 days ago
Mortgage Rates Slightly Higher

Mortgage rates moved higher today, but the changes were minimal for most lenders.  Bond markets (which underlie interest rates) have been searching...

Share
CFPB's Cordray Resigns; Agency Future Uncertain
Blog 2 days ago
CFPB's Cordray Resigns; Agency Future Uncertain

Richard Cordray, first Director of the Consumer Financial Protection Bureau (CFPB), will leave the agency at the end of the month.  Cordray...

Share
MBS Day Ahead: More Econ Data, Plus Tax Bill Vote, But Bonds Might Not Care
Blog 2 days ago
MBS Day Ahead: More Econ Data, Plus Tax Bill Vote, But Bonds Might Not Care

While today will play host to another set of economic reports as well as the House vote on its version of the tax bill, bond markets may continue...

Share
MBS RECAP: Bonds Defy CPI and Retail Sales to With Solid Gains
Blog 3 days ago
MBS RECAP: Bonds Defy CPI and Retail Sales to With Solid Gains

As noted in today's MBS Huddle, an absence of any selling pressure in bond markets was a positive result in itself.  Selling pressure would have...

Share
Mortgage Rates Lower After Inflation Data
Blog 3 days ago
Mortgage Rates Lower After Inflation Data

Mortgage rates fell today, largely in response to the past two days of bond market improvement.  In other words, lenders had been keeping their...

Share
Fannie Mae is Testing New Type of Construction Loan
Blog 3 days ago
Fannie Mae is Testing New Type of Construction Loan

With new home building still lagging other measures of the housing recovery, and lean inventories of new homes causing shortages of existing homes...

Share
Mortgage Insurance Fund Circling the Drain- Better Loans to Blame?
Blog 3 days ago
Mortgage Insurance Fund Circling the Drain- Better Loans to Blame?

FHA's Mortgage Insurance Fund (MIF) lost ground this past year, which is bad news for those hoping for a cut in its fees.  The Department of...

Share
Conventional Conforming Underwriting Updates, New Products
Blog 3 days ago
Conventional Conforming Underwriting Updates, New Products

I remember when being worth a million bucks really meant something, and my parents occasionally pointed out someone who they thought was a...

Share
Refinancing Rallies, Drives Week's Numbers
Blog 3 days ago
Refinancing Rallies, Drives Week's Numbers

The week ended November 10 saw a strong pickup in applications for refinancing but continued weakness in those for home purchases.  The Mortgage...

Share
MBS Day Ahead: Bonds Show Hand Ahead of Key Data
Blog 3 days ago
MBS Day Ahead: Bonds Show Hand Ahead of Key Data

Bonds begin the day much-improved from yesterday's levels, effectively showing their hand ahead of today's important economic data.  In other words...

Share
MBS RECAP: More Consolidation, But This Time at Least It's Green
Blog 4 days ago
MBS RECAP: More Consolidation, But This Time at Least It's Green

The past two sessions have been fairly nondescript in the bigger picture.   Both have traversed almost exactly the same trading range.  Both have...

Share
Mortgage Rates Mixed Depending on Lender; Volatility Ahead
Blog 4 days ago
Mortgage Rates Mixed Depending on Lender; Volatility Ahead

Mortgage rates didn't move much today, despite moderate improvements in bond markets.  Typically, stronger bond markets result in lower rates, but...

Share
MBA Expects New Home Sales to Recover from Hurricane Losses
Blog 4 days ago
MBA Expects New Home Sales to Recover from Hurricane Losses

The Mortgage Bankers Association (MBA) says that information collected through its Builder Application Survey (BAS), shows mortgage applications...

Share
Delinquencies Signal 'Final Stages' of Recovery
Blog 4 days ago
Delinquencies Signal 'Final Stages' of Recovery

To no one's surprise, measures of mortgage distress, including delinquencies, serious delinquencies, and foreclosures, were down again in August,...

Share
Tax Breaks or Not, Home Equity Lending Has Huge Potential
Blog 4 days ago
Tax Breaks or Not, Home Equity Lending Has Huge Potential

households buy a home to live in and raise a family. Consequently, they may not view a home as a financial asset in the same way they view their...

Share
MBS Day Ahead: Still Waiting For The Week's Bigger Events
Blog 4 days ago
MBS Day Ahead: Still Waiting For The Week's Bigger Events

Bond markets are starting the day in fairly similar territory to Friday's latest levels for the 2nd day in a row.  As I said yesterday, this is a...

Share
Lender Acquired; Mr. Cooper and Matic Insurance; Ginnie News
Blog 4 days ago
Lender Acquired; Mr. Cooper and Matic Insurance; Ginnie News

Are we destined to have robots making home loans? I sure hope not, although no one has ever accused robots of being shilly-shally. And I sure hope...

Share
MBS RECAP: Stronger Start, Weaker Finish, Still Waiting For Game to Start
Blog 5 days ago
MBS RECAP: Stronger Start, Weaker Finish, Still Waiting For Game to Start

For the first time since 2006, market participants didn't get a weekday off for Veterans Day.  For all intents and purposes, traders ended up...

Share
Mortgage Rates Sideways to Slightly Higher
Blog 5 days ago
Mortgage Rates Sideways to Slightly Higher

Mortgage rates were unchanged to slightly higher today, keeping them in line with their highest levels in more than 2 weeks, depending on the...

Share
MBS Week Ahead: Bond Markets Aren't in 2014 Anymore, Let Alone Kansas
Blog 5 days ago
MBS Week Ahead: Bond Markets Aren't in 2014 Anymore, Let Alone Kansas

Sorry Kansans.  Another false alarm where your home state was in the headline but only as a Wizard of Oz reference.  For bond markets, it's an apt...

Share
MBS RECAP: Evidence in Bond Beating Case Circumstantial at Best
Blog 1 week ago
MBS RECAP: Evidence in Bond Beating Case Circumstantial at Best

Bond markets took a beating today and analysts are still trying to build a case against a slew of potential assailants.  Here's what we know....

Share
Mortgage Rates Jump to 2-Week Highs
Blog 1 week ago
Mortgage Rates Jump to 2-Week Highs

What a difference 2 days make! Freddie Mac's weekly rate survey was out yesterday prompting multiple news outlets to declare "slightly lower rates"...

Share
MBS Day Ahead: Bond Weakness Getting More Serious
Blog 1 week ago
MBS Day Ahead: Bond Weakness Getting More Serious

After 2 weeks of solid gains, bonds have taken the past 3 days (which includes today's overnight trading) to push back in the other direction.  At...

Share