Posted To: MBS CommentaryIf there’s a theme in the bond market over the past 2 days, it’s that we’ve broken away from the previously fairly rigid correlation with stocks. That’s not to say the correlation was helping bonds move at the same pace as stocks–simply that the two had generally been moving higher and lower … Read moreMBS RECAP: Bonds Slightly Less Interested in Stocks, For Better or Worse
Posted To: Mortgage Rate WatchMortgage rates were moderately higher today as underlying bond markets continued backing away from their strongest levels in more than 3 weeks (stronger bonds = lower rates). In general, bonds’ strength had come at the expense of the stock market, but it was taking more and more drama in stocks to … Read moreMortgage Rates Edge Higher
Posted To: MND NewsWireFreddie Mac is forecasting that there will be GDP growth of 3.0 percent in the second quarter of this year, moderating from the strong 4.2 percent growth in the first quarter. The company’s October Forecast, prepared by its Economic and Housing Research Group, now extends its predictions into 2020 and they are … Read moreFreddie Sees Home Sales Regaining Momentum in 2019
Posted To: MND NewsWireThe S&P CoreLogic Case-Shiller U.S. National Home Price Index for August showed an annual appreciation rate that was lower than 6.0 percent for the first time in a year. The rate fell from 6.0 percent in July to 5.8 percent in the index which covers all nine U.S. census districts. On a … Read moreWeakening Home Prices Are Not a Signal for 2008 Reboot
Posted To: Pipeline PressPlenty of vendors and lenders are focused on raising capital, merging, selling, or closing. It doesn’t take a brilliant detective to see the liquidity & earnings problems facing hundreds of lenders across the nation as warehouse banks and other counterparties ratchet up scrutiny and lenders race to reduce costs. How many ducats … Read moreBorrower Satisfaction Products; Upcoming Events; Price Compression and High Rates
Posted To: MBS CommentaryWith bonds being flat to slightly weaker yesterday and now noticeably weaker overnight, we may be looking at our first real resistance bounce (aka “floor”) in over a week. Such a bounce makes a case for two different trends that may be emerging. Both are highlighted in the following chart. The yellow … Read moreMBS Day Ahead: Two Trends Suggest Risk of Resistance Bounce For Rates
Posted To: MBS CommentaryThe bond market has seen one too many “stay thirsty” memes. For example, “I don’t always rally for more than a few days in a rising rate environment, but when I do, it’s because of massive stock losses.” As we’ve discussed quite a few times recently (and really, any time that stock … Read moreMBS RECAP: Bonds Staying Thirsty For Stock Drama–Too Thirsty
Posted To: Mortgage Rate WatchMortgage rates didn’t move today, despite a fair amount of underlying market volatility. Rates are able to weather the sorts of storms you hear about in the stock market in part due to the diminishing returns of stock market drama on the bond market. Along those same lines, the bonds that … Read moreMortgage Rates Stay Near Recent Lows as Busy Week Begins
Posted To: MND NewsWireThe National Association of Realtors® (NAR) says its 2018 Profile of Home Buyers and Sellers confirms that student debt balances are an increasing concern and that single, female buyers are still a powerful force in homebuying. The report, the result of an annual survey NAR conducts among recent homebuyers and sellers, identifies … Read moreNAR Survey Catalogs Changes in Home Buyer Characteristics
Posted To: MBS CommentaryCore global bond markets–led by German Bunds and US Treasuries–have been trending lower fairly reliably. For European bonds, that rally has occupied most of the month whereas the US version is only really a week old. The latter is also heavily reliant on the stock market . Here’s how all of these … Read moreMBS Week Ahead: Who’s Going to Blink First?