Author Archive

21
May

Purchase Loans Now Outpacing Refis

Posted To: MND NewsWire Purchase loans continued to increase as a percentage of loan originations in April. Ellie Mae’s Origination Insight Report for the month put the purchase share of all closed loans at 52 percent , a 6 percentage point jump from March and the first time in 2015 that more than half of [...]

21
May

MBS RECAP: Moderately Stronger for Surprisingly Logical Reasons

Posted To: MBS Commentary Much of the volatility in late April and early May has been frustratingly opaque in terms of traditional cause and effect relationships. We were forced to resort to discussing things like tradeflow momentum and corporate issuance to explain movement. While these two esoteric factors are always in play to some extent, [...]

21
May

It’s getting more expensive to be a renter

Rents increased 4% in April from last year while home values only rose 3% during the same time period.

20
May

Mortgage Rates Barely Budge After Fed Minutes

Posted To: Mortgage Rate Watch Mortgage rates are ending the day very close to unchanged , following what was–by all rights–a supportive reading of the Fed’s April Meeting Minutes. The big, nasty surprise that may have been lurking (potential rate hike arguments for June) was instead ruled out. The Fed noted that many members agreed [...]

20
May

MBS RECAP: Odds Drastically Increase That "It’s Not About The Fed"

Posted To: MBS Commentary In this morning's commentary , I said that anxiety over today's FOMC Minutes was misplaced when it comes to defining moments in a potential long-term shift toward higher rates. The bigger issue has been and will continue to be Europe. But even then, it was still fair to wonder how big [...]

20
May

World’s hottest luxury housing markets

These 10 cities saw the highest price rises for prime residential real estate over the past 12 months.

19
May

MBS RECAP: Ominous Movement in Rates Ahead of Fed

Posted To: MBS Commentary Someone wants us to think that rates are heading abruptly higher. Well, to be fair, it's not so much about wanting anyone to think anything. It has more to do with someone (a lot of someones actually) making trades that are actually pushing rates abruptly higher. They did a good job [...]

19
May

Mortgage Rates Back Near Recent Highs Ahead of Fed

Posted To: Mortgage Rate Watch Mortgage rates continued higher at an unsettling pace today, following an exceptionally strong reading on Residential Construction data. This particular report doesn’t historically cause a lot of rate volatility, but it comes at a time when markets are considering the Fed’s next move and where any strong showing for the [...]

18
May

What $2 million buys around the world

A $2 million budget can mean a sprawling mansion or a one-bedroom apartment.

18
May

MBS RECAP: Another Bad Monday for Bonds; Game Over?

Posted To: MBS Commentary After Thursday and Friday of last week mimicked the previous Thursday and Friday, it was fair to wonder if we'd get another ugly Monday today. While we did lose ground in terms of trading levels, the severity of the weakness reveals several clues about trader sentiment. Those clues point to an [...]