Luxury Home Sales still Ascendant as Buyers Shift
Redfin, the large national real estate firm based in Seattle, is reporting that, while sales of homes costing over $1 million is still...
MBS Day Ahead: Sometimes NFP isn't the most Important Event on NFP Week
Remember a few of those NFP days earlier in 2014 when bond markets ended up having a totally counterintuitive reaction? (If you don't...
GSEs Cut Lenders a Big, Retroactive Break on Reps and Warrants
Fannie Mae and Freddie Mac have nailed down the promised details the life-of-loan exclusions related to their representation and warranty...
Natural Disasters are now Measurable Default Risks
Growing numbers of severe weather events throughout the U.S. may be giving new meaning to "location, location, location" in the housing...
MBS Day Ahead: Super Action-Packed Morning For Data, and Events
(NOTE: BLS and NFP are used somewhat interchangeably below, but the numbers in the charts are actually BLS's PRIVATE payrolls as NFP...
Refinancing Surge Cools as Rates Rise
The resurgence enjoyed by refinancing over the last few weeks subsided a bit in the face of rising interest rates during the week ended...
MBS Day Ahead: Calmest Day of the Week for Econ Data; Could Elections Matter?
I haven't mentioned mid-term elections until today, which is a pretty fair deal considering their potential market impact. It may even...
Mortgage Rates Approaching 1 Month Highs
Mortgage rates continued higher today, edging up to their worst levels in nearly a month. The most prevalently-quoted conforming 30yr...
Mortgage Rates Sideways to Slightly Higher
Mortgage rates continue to bide their time, holding just under 4 percent on average. Some borrowers might see their quote move up .125%...
MBS RECAP: Bond Markets Holding up Well Against Stock Market Strength; MBS Better Still
It turned out to be an exceedingly uncomplicated day for Treasuries by the time US trading hours rolled around. Before that, yields...
