News

Posted To: MBS Commentary

Yesterday, I mentioned that it was rare to see short-term momentum technicals consolidate in the center of their "overbought vs oversold" range. This refers to a fast stochastic oscillator--one of many ways that traders apply math the a time [...]
Read More


Posted To: Pipeline Press

Watch out for spam emails asking for your phone number. Seems like they are trying to get past the two-factor authentication that sends a six-digit code to cell phones. And please watch out for rogue capital markets people in the lunchro [...]
Read More


Posted To: MND NewsWire

The Mortgage Bankers Association (MBA) said mortgage application volume rose for the first time in five weeks during the week ended February 7. MBA's Market Composite Index, a measure of that volume, increased 3.6 percent on a seasonally adjusted basis from the index f [...]
Read More


Applications to purchase a home increased 2 percent for the week — the first uptick in four weeks — a sign of optimism in the housing market.

Source: https://www.cnbc.com...

Read More


Posted To: MBS Commentary

The range may be breaking! Well, one of the ranges we've been tracking may be breaking, as long as tomorrow sees bond markets hold the gains they saw today. Unfortunately, if that happens, it won't really mean that much--at least not yet. The r [...]
Read More


Posted To: Mortgage Rate Watch

Mortgage rates fell modestly today, making it the 7th straight business day where they've moved in the opposite direction from the previous day. This see-saw pattern is commonly seen during periods of consolidation in the bond market (which serves as t [...]
Read More


Posted To: MND NewsWire

The Housing Market Index (HMI) continues to recover from the plunge it took in November and December when it dropped an aggregate of 12 points. The National Association of Home Builders (NAHB)/Wells Fargo measure of builder confidence in the market for newly-built sing [...]
Read More


The nation's homebuilders are feeling better about the state of their industry as lower interest rates boost consumer confidence.

Source: https://www.cnbc.com...

Read More


Posted To: MBS Commentary

For all of the potential market movers that anyone can discuss so far in 2019, we really haven't seen any concerted effort to take yields higher or lower from key technical levels. The higher of those levels was implied by late 2018 trading and the [...]
Read More


Posted To: MND NewsWire

Where’s John Mellencamp when you need him ? Lenders in rural areas know that over half of U.S. farm households lost money farming in the past few years. In 2018, the median (half above, half below) farm income for U.S. farm households was -$1,548. U.S. farm debt [...]
Read More


Posted To: MBS Commentary

Since Retail Sales rocked markets yesterday, perhaps bonds would be interested in responding to economic data again today? This question seemed to have been answered when bonds apparently jumped following this morning's 8:30am economic data. The on [...]
Read More


Posted To: MND NewsWire

Mortgage loan delinquencies were down from the third quarter of 2018 in the fourth quarter. The Mortgage Bankers Association (MBA) said the improvements held across all loan types and all stages of delinquency although there was a slight uptick in foreclosure starts. T [...]
Read More


Posted To: Mortgage Rate Watch

Mortgage rates were slightly higher today, marking the 6th day in a row where they've reversed course versus the previous day. This is the sort of behavior we see when underlying financial markets are having a hard time making up their mind (or are sim [...]
Read More


Posted To: MBS Commentary

Rates were at long term highs in early November 2019. Several global economic risks were beginning to swirl at the same time. These included a slowdown in German GDP, the weakest Chinese retail sales in 15 years, Italian budget drama, and a Federal Res [...]
Read More


Posted To: MND NewsWire

Freddie Mac and Fannie Mae (the GSEs) reported solid financial results for both the fourth quarter and the entirety of the 2018 fiscal year on Thursday. The annual income was higher for both GSEs , although each posted a decrease quarter-over-quarter. Fannie Mae's tota [...]
Read More


Posted To: Pipeline Press

Huh? Radian was recently in takeover talks ? I only know what I read in the newspapers! Sometimes I wonder if everyone isn’t in M&A talks to one degree or another, and rumors continue to swirl about a publicly-held bank in the [...]
Read More


Posted To: MND NewsWire

The perceptions, expectations, and plans of prospective homebuyers appear to be undergoing a transition according to results from the most recent Housing Trends survey report from the National Association of Homebuilders (NAHB). Rose Quint writes about the fourth quart [...]
Read More


Posted To: MND NewsWire

While we have not yet seen figures from the Census Bureau for December let alone January, the Mortgage Bankers Association (MBA) is reporting a surge in new home sales last month. Information from MBA's Builder Application Survey (BAS) indicates that those sales, while [...]
Read More


Posted To: MBS Commentary

Of all the reports silenced by the government shutdown, Retail Sales was probably the most missed. It didn't help that December is a rather important month for such data. December's report finally arrived today, and it made waves . While there [...]
Read More


Posted To: Mortgage Rate Watch

Mortgage rates recovered today after rising to the highest levels in a week as of yesterday. The improvement followed a much-weaker-than-expected Retail Sales report--something investors have been waiting on for nearly 2 months due to the government sh [...]
Read More



55f986d8 23b5 4a6e aec7 308893aafabf fb7693a8 ac95 4593 93e3 3c78634ae9e0 07567507 c11b 4467 8bf5 6716b6249be2 9190fa1a ed48 49a9 9a7c 54019605bfac 5860fd1c 31fd 4a9d b70b 81774bf169a8 3dcd7ccb 6eff 40b9 9aec 2562f7e344e6 e4fe2df3 ec69 486c 823c bd1d19a03d4c 2ee7a18a d1c5 46da 8f65 0f199e8892eb a920b10f 6597 4ca6 afba a832bc719d17 368884bd 86e3 44fb 8337 6bf4f5554b19 c7537a62 6d72 48e4 9939 a4792dd2a23c ff7e18ac 0f06 4d83 aebb 051bdc3ee54b 9275e098 821d 49ab bdf1 15631cd21a34 ae36beaf 7348 46de 90bc 0f8805fbcfae f621afa3 c296 44a1 a2f5 f8a3f97d64e3 37c041ff a6bd 486a ac09 ab92523165c6 08eb0007 1e06 4181 a109 c6ceb18e218f e86e369a 60fd 4752 a747 72f465ede568 2099acd2 c451 4b1f a9e3 486c823decbd fd4d1c14 6c1c 46a5 abc2 7c74c0d1bcc3 83160e87 6d44 4b11 9e1c 09fa5a086e66 1b8277f1 3703 4adb ba68 7d6af89de261 4178b52e 8617 4ca1 a41f bf9393774bb5