Author Archive

24
Oct

Mortgage Rates Mildly Lower; Volatile Week Ahead

Posted To: Mortgage Rate Watch Mortgage rates caught a break today and were able to ease just slightly lower heading into the weekend. This is somewhat refreshing because yesterday’s bigger move higher was the kind of thing that historically results in further upward pressure. The gains weren’t quite enough to get the average top tier [...]

24
Oct

MBS RECAP: Bond Markets Coast Out Uneventfully After Morning Volatility

Posted To: MBS Commentary Earlier today, competing short term trends and considerations made for several salient swings between gains and losses. While MBS and Treasuries never dipped meaningfully into negative territory on the day, they quickly gave up some fairly strong gains on at least 2 separate occasions. On top of that, the overnight session [...]

23
Oct

How to avoid homebuyer’s remorse

Big purchases often come with big expectations. So it’s no wonder that in a recent survey 80% of homebuyers said they regretted at least one thing about their home. Here are ways to improve those odds.

23
Oct

Mortgage Rates Actually Moved Higher Today

Posted To: Mortgage Rate Watch Mortgage rates did as expected and departed their recently more stable range today. Unfortunately, we got the less enjoyable of the two potential departures with rates moving higher at a moderate pace. At the same time, the world’s most widely-followed weekly check on rates from Freddie Mac indicated a move [...]

23
Oct

MBS RECAP: Bond Markets Weaker; Europe a Bigger Motivator Than Stocks

Posted To: MBS Commentary Today was decidedly negative for bond markets. 10yr yields found no solace in "the gap" from 2.26 to 2.28 and instead moved right through to 2.30. There are other potentially supportive ceilings overhead, but we would have liked to have seen stronger support at the gap in order to maintain a [...]

23
Oct

Refinancing your mortgage? Opportunity knocks

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22
Oct

MBS RECAP: Super Flat Day Signals an End to Week-Long Consolidation

Posted To: MBS Commentary When you see the word " consolidation " in market analysis–especially with respect to movement in securities prices/yields–it might as well read "correction." Simply put, a consolidation is the diffusion of the volatility. Rates spike higher or lower. Market participation picks up significantly. Then the crowd disperses. That almost always involves [...]

22
Oct

Mortgage Rates at a Standstill, but not for Long

Posted To: Mortgage Rate Watch Mortgage rates had their single flattest day since October 2nd today. This is the polar opposite of last week’s exceptional volatility. The most interesting thing about it is that this is the way rates typically respond to that kind of rapid movement. It goes something like this: one day, in [...]

22
Oct

Six-figure oil jobs hurting home builders

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21
Oct

Big Oil keeps stealing my construction workers!

In the oil boom towns of North Dakota, Texas and Colorado there’s a big demand for new homes — but there’s no one to build them. That’s because construction companies keep losing skilled workers to the oil companies, which are offering big bonuses and six-figure salaries.