Author Archive

15
Apr

MBS RECAP: Bond Markets Try to Hold Gains After Ukraine-Inspired Rally

Posted To: MBS Commentary For all the possibilities, today ended up being both surprising and straightforward for bond markets. The surprise was that Ukraine headlines turned out to be the biggest market mover as they introduced a new level of physical violence and heightened risk of civil war. In quintessential "flight-to-safety" fashion, stock prices and [...]

15
Apr

Mortgage Rates Hold Ground After Ukraine Headlines

Posted To: Mortgage Rate Watch Mortgage rates started the day in weaker territory, continuing higher for a second straight morning. Just after 10am, headlines regarding violence in Ukraine sent stocks lower and provided demand for fixed-income. The move out of stocks and into bonds is a common reaction to disconcerting headlines, and it’s also common [...]

14
Apr

Detroit to auction vacant homes online. Starting bid: $1,000

In its ongoing battle to fight blight, Detroit is launching a website where it will auction off vacant homes seized in tax foreclosures.

14
Apr

MBS RECAP: Moderate but Persistent Weakness After Retail Sales

Posted To: MBS Commentary Nothing has changed from the Mid-Day Commentary , as MBS continue bouncing along the same lows that offered support earlier this morning. Treasuries have also been contained by their weakest levels of the day. Neither has sold off in any extreme way–indeed MBS are only down 4/32nds –but the losses could [...]

14
Apr

Mortgage Rates Snap 7 Day Winning Streak

Posted To: Mortgage Rate Watch Mortgage rates finally ended a move lower that began 7 business days earlier on April 3rd. The biggest movement during that time was the Employment Situation data on April 4th. While those jobs numbers were actually decent and while rates tend to benefit the most from more downbeat data, markets [...]

11
Apr

MBS RECAP: Steady At Slightly Stronger Levels All Day

Posted To: MBS Commentary Even after moving across the 3pm close of Treasury Pit trading at the CME, bond markets have continued to hold inside the same narrow, sideways range that has contained all the day's trading. In the case of MBS, prices have been in the same range since 11am yesterday! The best levels [...]

11
Apr

Mortgage Rates Hold Solid Gains

Posted To: Mortgage Rate Watch Mortgage rates managed to hold on to yesterday’s big improvements as markets held very steady by comparison today. If there’s a slight bias, it’s positive for bond markets, resulting in most lenders moving to just slightly better rates today. The movement is small enough that most scenarios will only see [...]

11
Apr

Live in a rock star’s home for about $1 million

American guitarist Dave Navarro is selling his Hollywood bachelor pad along with his custom bed.

10
Apr

Mortgage Rates Down Big; Lowest in a Month

Posted To: Mortgage Rate Watch Mortgage rates began the day without any hint of the drama that was to come. The first rate sheets of the day were little-changed compared to yesterday’s latest offerings. Then markets of all shapes and sizes went on a fairly wild ride . Stock markets and currencies took part in [...]

10
Apr

Foreclosures have Doubled in Some States Despite Overall Decline

Posted To: MND NewsWire RealtyTrac reported today that an uptick in foreclosure starts last month drove an overall increase in the nation’s foreclosure activity. There was a 7 percent jump in the filings of initial public notice – Notice of Default (NOD) or Lis Pendens (LIS), part of a total of 117,485 foreclosure related filings [...]