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Rates steady for the week.

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Mortgage Purchase Applications up Slightly thisThanksgiving 2017

We see mortgage rates heading down in to the US Holiday with Purchase Mortgage Applications up just slightly as we head into Black Friday Shopping Season. As spending turns to things other than housing will the Purchase Market continue to … Continue reading

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Trump Rally Causes Rate to Explode Higher!

So we are now just more than 5 weeks after the one of the biggest political upsets in history and we can start to access how the worlds financial markets are reacting. While stocks are now enjoying one of the … Continue reading

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Blackstone’s massive move into US Real Estate and Financing hurting stock!

It looks like the more that BX moves to be one of our nations top landlords and Real Estate Banker, the more it’s shareholders are getting crushed.  You can see by the chart below that the last half year that … Continue reading

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US Government Bonds were very strong on Friday into the Big Selloff in Equities

Mortgage rates had a nice day and this is encouraging given the reality that the FED will most likely be moving short term interest rates higher on the 16th at their next FOMC meeting.  When the world starts to panic … Continue reading

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Weekly Yield Curve from US Treasury 12.4.15

Rates had a very up and down week with it looking more and more like the Fed will raise rates this month.  

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Mortgage Rates Drop Again

We had a nice rally in the proxy for the mortgage bond market with the TLT rallying to a price of 116 before backing off a bit late on Friday afternoon.  When the TLT rises the 10 year yield on … Continue reading

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HARP 2.0 and Florida Underwater Properties pump up the volume.

With Harp 2.0 starting to become available now to homeowners across the country and the state of Florida this month, mortgage volume is seeing a nice spike. Right now it is mainly the loans held by Freddie Mac and not … Continue reading

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Mortgage Market Ends Week Flat after strong week

It was a holiday shortened day in the Mortgage Bond Market on Friday.  The week was a stellar one as the stock market was hammered pretty good due to the trouble in Europe.  As we get ready for HARP 2.0 … Continue reading

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Thanksgiving Day 2011

As we get ready for game 1 of our Thanksgiving Football Feast, the business of Detroit comes into focus. How many car commercials we see and how many US workers are happy today they have a job! It all started … Continue reading

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