Author Archive

27
Mar

MBS RECAP: Bonds Catch a Break Heading into Quarter-End and NFP Week

Posted To: MBS Commentary It's that time again. Or, at least it will be next Friday. After 2 months in a row of painful NFP reactions in bond markets, the big jobs report is back again. The Fed has probably done some work toward decoupling rate-hike expectations from payrolls, but even before that, the previous [...]

27
Mar

Mortgage Rates Hold Ground As Markets Take a Breather

Posted To: Mortgage Rate Watch Mortgage rates had one of their least exciting days of the week today, moving just modestly lower from yesterday’s latest levels. The trading range in underlying markets was exceptionally narrow, especially when compared to the week’s previous activity. The final revision of 2014′s 4th quarter GDP was released this morning, [...]

26
Mar

MBS RECAP: Another Day With Multiple Negative Reprices

Posted To: MBS Commentary Ever since bond markets failed to respond positively to yesterday morning's exceptionally weak Durable Goods report, things have been almost exclusively negative . That anomaly provided a clue that has since been convincingly confirmed: it's not about the data or headlines over the past two days. Once the rally reached levels [...]

26
Mar

Mortgage Rates Increase Rapidly

Posted To: Mortgage Rate Watch Mortgage rates rose rapidly today, almost completely erasing the improvement following last week’s Fed Announcement. This is especially ironic considering most major media outlets are running Freddie Mac’s weekly mortgage rate survey headline. Because that survey receives most of its responses on Monday and Tuesday, it fully benefited from the [...]

26
Mar

It’s getting harder to afford a home

Home price appreciation has been outpacing wage growth in the last two years , which means it’s getting harder to afford buying a home.

25
Mar

MBS RECAP: Bond Markets Relatively Blindsided by Snowball Sell-Off

Posted To: MBS Commentary It began as just another day in a 12-day winning streak for bond markets that had seen 10yr yields recover 40bps peak to trough. Actually, "just another day" doesn't really apply to that scenario. We're lucky to see it happen a few times a year. That fact alone is enough to [...]

25
Mar

Warning signs in the housing market

Read full story for latest details.

25
Mar

Mortgage Rates Bounce Higher From Recent Lows

Posted To: Mortgage Rate Watch Mortgage rates finally moved noticeably higher today, something they haven’t done on 11 out of the last 12 days. Yesterday, I pointed out that such a winning streak is not the sort of thing we see too often, and that a step back toward higher rates was increasingly likely. This, [...]

25
Mar

Rent vs. buy vs. live with mom and dad

Read full story for latest details.

24
Mar

MBS RECAP: 2 Months of NFP Losses Nearly Erased

Posted To: MBS Commentary While mileage may vary depending on the lender, many are getting close to levels not seen since Thursday Feb 5th, a day before the NFP report that kicked February's selling trend into high gear. That would go on to receive an exclamation point with March's NFP release as rates hit 2015 [...]