Author Archive

17
Apr

MBS RECAP: Big Move in Yield Curve; MBS Unchanged

Posted To: MBS Commentary All of today's drama–if you can call it that–came in the form of curve trading. That refers to traders adjusting bond market holdings by selling one part of the yield curve to buy another. In today's case, the shorter maturities were sold and longer maturities were bought. This so-called curve flattening [...]

17
Apr

Mortgage Rates Are Really Stuck in a Rut

Posted To: Mortgage Rate Watch Mortgage rates barely budged yet again today despite more volatility in underlying financial markets. This is the 3rd day in a row with similar behavior in interest rates, and part of an even broader trend of minimal movement since the beginning of the month. If there was a detectable bias [...]

17
Apr

George Lucas wants to build affordable housing in wealthy suburb

Lucas will finance 100% of the project at Grady Ranch and wants Marin County teachers and police officers to be able to live there.

16
Apr

MBS RECAP: Mini Roller-Coaster on Corporate Tradeflows and Fed Speak

Posted To: MBS Commentary The trading day started out timidly enough, but with a bit of an ominous tone . This had to do with the fact the German Bunds made new all-time lows yet again, while US Treasuries did almost nothing to follow. The first two hours of the domestic session were total duds [...]

16
Apr

Mortgage Rates Steady Despite Market Volatility

Posted To: Mortgage Rate Watch Mortgage rates were unchanged again today , continuing a trend of minimal movement that has been intact for all but one day since Monday April 6th. Rates aren’t much different today than they were then, but being sideways at these levels is certainly not a bad thing when more than [...]

16
Apr

40 years of the American home

How the typical home has evolved – price, size, interiors.

15
Apr

MBS RECAP: Fading Back to Unchanged After Stronger Start

Posted To: MBS Commentary Markets have been doing a good job of reacting to economic data so far this week. That was a good thing again this morning as the data was weaker in general. Bonds reacted accordingly and moved back toward yesterday's best levels . Unfortunately, they never broke through yesterday's best levels. While [...]

15
Apr

Mortgage Rates Having Trouble Moving Lower

Posted To: Mortgage Rate Watch Mortgage rates were unchanged to slightly higher today, though that depends largely on the individual strategies of the lender in question. Some lenders recalled rate sheets yesterday and raised rates due to afternoon market weakness. Those lenders stood a better chance of being unchanged today. Lenders who didn’t reprice yesterday [...]

15
Apr

Guess where the hottest housing markets are?

Home buyers in these 10 markets can’t drag their heels when it comes to buying their dream home, and 8 of them are in California.

14
Apr

MBS RECAP: Bond Markets’ Big Reaction to Little Miss in Data

Posted To: MBS Commentary Today's Retail Sales data stood a better chance to move markets than last time. Not only did the data move markets today, but it did so in a surprisingly big way given the magnitude of the 'miss.' Headline Retail Sales managed to hit +0.9 vs a +1.0 forecast. Not too bad [...]