• MBS RECAP: Bonds Cap Extraordinarily Tame Week Despite Excuses
    by Matthew Graham on January 18, 2020 at 12:16 am

    Posted To: MBS CommentaryWe’ve seen a whole lot more movement in the bond market for a whole lot less motivation than we had this week. Back to back econ data shockers (Philly Fed and Housing Starts) were scarcely able to get yields back up to Monday morning’s highs, and yields hadn’t fallen very […]

  • Mortgage Rates Off Recent Lows
    by Matthew Graham on January 17, 2020 at 11:48 pm

    Posted To: Mortgage Rate WatchMortgage rates moved slightly higher over the past two days as strong economic data and corporate earnings coaxed investors into riskier assets like stocks. Bonds (which dictate interest rates) are always being bought and sold, but demand varies depending on investors’ […]

  • Markets Wrapping Things Up Ahead of Long Weekend
    by Matthew Graham on January 17, 2020 at 3:47 pm

    Posted To: MBS CommentarySometimes the market moves in clear response to a headline event or the scheduled release of an economic report. We have clear examples of this recently. last week’s Iran-related escalation (and de-escalation) had massive and immediate impacts that lined up perfectly with […]

  • December’s Housing Starts Surged to 13-Year High
    by Jann Swanson on January 17, 2020 at 3:30 pm

    Posted To: MND NewsWireWhile permits fell from the previous month, the U.S. Census Bureau and the Department of Housing and Urban Development said December was another exceptional month for residential housing starts. Those starts soared to a seasonally adjusted annual rate of 1,608,000 during the […]

  • Renovation Products; CEOs Can’t Ignore LIBOR Transition; Cap. Markets
    by Rob Chrisman on January 17, 2020 at 2:22 pm

    Posted To: Pipeline PressI’ve gotta hand it to those writers who put out listings for real estate agents. Maybe if I had a bunch of money I could live in a “secluded retreat” or an “enchanted villa.” I have never lived in a place described as a “retreat,” […]

  • Home Builders Confidence Remains Near 20-Year High
    by Jann Swanson on January 16, 2020 at 3:33 pm

    Posted To: MND NewsWireThe National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) settled back a bit after its 5-point surge in December took it to its highest level since 1999. The Index, a measure of builder confidence in the market for newly constructed homes, dipped […]

  • MBS Day Ahead: Robust Day of Econ Data and Corporate Earnings
    by Matthew Graham on January 16, 2020 at 2:07 pm

    Posted To: MBS CommentaryBonds continue to be well-contained by the prevailing consolidation range–a series of higher lows and static highs that’s been in place in its current form since mid October. A big break outside that range could serve as a cue for sustained momentum in the direction of the […]

  • HUD Jobs; Borrower Satisfaction Report; Vendor News and Updates
    by Rob Chrisman on January 16, 2020 at 1:55 pm

    Posted To: Pipeline PressFor folks who like numbers and trends, according to the U.S. Census Bureau’s national and state population estimates released in December, 42 states and the District of Columbia had fewer births in 2019 than 2018. Natural increase, or when the number of births is […]

  • MBS RECAP: Most Interesting Part of Today is That it Comes Just Before Tomorrow
    by Matthew Graham on January 15, 2020 at 8:42 pm

    Posted To: MBS CommentaryToday marked a rare mid-week “total dud” in terms of bond market momentum developments. This was made all the more striking by the fact that bonds certainly COULD have developed some sort of reaction strategy based on the particulars of the US/China trade deal signing (it […]

  • Mortgage Rate Volatility Still a No-Show For 2020
    by Matthew Graham on January 15, 2020 at 7:37 pm

    Posted To: Mortgage Rate WatchMortgage rates improved modestly today, adding to yesterday’s slightly less compelling improvement. Taken together, they keep an air of calm and steady progress intact during a week that ran the risk of stumbling across volatility. One of the key sources of potential […]