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Freddie Mac Puts Price on All-Cash Transactions

J. Pisa | August 18, 2017
BY: Jann Swanson As investors flooded into the housing market after it collapses, they brought cash with them.  At one point, 35 percent of home sale transactions were closed without…

Refis Enjoy Nice Bounce Thanks to Lowered Rates

J. Pisa | August 17, 2017
BY: JANN SWANSON There is still life left in refinancing.  While at nowhere near the levels of a few years ago, Ellie Mae's Origination Insight Report for July reported that the percentage…

Pitiful Housing Supply Slighted Dampened Q2 Home Sales

J. Pisa | August 16, 2017
BY: JANN SWANSON Headstrong is a rather interesting word, but the National Association of Realtors® (NAR) chose it to describe the continuing imbalance between supply and demand in the housing market.  NAR…

Don’t Worry, Housing Only “Feels” Unaffordable

J. Pisa | August 15, 2017
BY: JANN SWANSON Housing, at least according to Freddie Mac vice president and chief economist Sean Becketti, isn't unaffordable.  It just feels that way.  Becketti, in a recent post on the…

Mortgage Rates Up Slightly From Long-Term Lows

J. Pisa | August 14, 2017
BY: MATTHEW GRAHAM AUG 14, 2017 Mortgage rates rose moderately today as weekend news headlines suggested some measure of de-escalation of nuclear tensions between the US and North Korea.  To be…

Bonds Battle Back After Fed Foregoes Surprises

J. Pisa | July 28, 2017
BY: MATTHEW GRAHAM JULY 26, 2017 Today's focus was understandably on the Fed Announcement, and indeed, most of the movement followed it.  But interestingly enough, the biggest volume spikes occurred…

Refi Applications Strengthened on Last Week’s Lower Rates

J. Pisa | July 27, 2017
BY: JANN SWANSON JULY 26, 2017 A decline in purchase mortgage applications cancelled out most of a moderate increase in refinancing during the week ended July 21. Nonetheless, the Mortgage Bankers Association…

For Bonds, Worst Day Since Late June ECB Scare

J. Pisa | July 26, 2017
BY: MATTHEW GRAHAM JULY 25, 2017 Bonds sold off aggressively today, for a combination of reasons that are tremendously unsatisfying in a traditional market-watching sense.  For example, it would be nice if…

Loan Limits for Conventional Mortgages

J. Pisa | July 21, 2017
The Federal Housing Finance Agency (FHFA) publishes annual conforming loan limits that apply to all conventional mortgages delivered to Fannie Mae, including general loan limits and the high-cost area loan…

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J. Pisa | July 20, 2017
Housing Highs, Spending Lows   May Existing Home Sales rose from April to an annual rate of 5.62 million units, above the 5.52 million expected, and up 2.7 percent from…