Whiplash

Uncategorized Mar 03, 2022
 

Boy, you can really get a bad case of whiplash given the market volatility and the revisions to numbers around job creation. It almost is too much to handle when the MBS market bounces around fifty or sixty points a day in either direction, job revisions are in the hundreds of thousands of jobs,...

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Numbers, Math, & Observations

Uncategorized Feb 24, 2022
 

We had a great deal of interesting information in the January housing report. Some of it makes complete sense, while other data is interesting. Existing Home Sales were up 6.7% in January, and it is estimated that there will be 6.5 million units sold in 2022. While forecasting sales for new...

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Not 5% YET!

Uncategorized Feb 17, 2022
 

Not 5%, YET

We have talked about rising interest rates quite a bit and how to share the actual information and how to do the math about the real costs of higher rates as well as the real costs of waiting! However, some people are having a tough time on how to go about bringing up the conversation...

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The cost of living!

Uncategorized Feb 10, 2022
 

Housing prices continue to rise. While maybe not as rapidly as a few months ago, still moving up at a rapid pace. When you add into it rising interest rates, the pressure on housing costs is a struggle to explain and even harder for some to understand. The cost of living is higher across the...

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Mortgage Applications Improve

Uncategorized Feb 03, 2022
 

The big moves in rates last week also created a large move in mortgage applications. With purchase applications going up by 4% and refinances rising by 18%, people are looking to fix their costs NOW! 

Working the higher end rental markets has been going exceptionally well. All of the people...

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Another thought day in the bond market!

Uncategorized Jan 27, 2022
 

First let me start by saying today would have been my mother’s 95 birthday. Happy Birthday in Heaven Mom!

Yesterday was another bad day in the bond market, Things seemed to be doing okay until the Fed meeting at 2pm, and then things got bad; then got much worse. Losing more than 60bps on...

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“The world isn’t over; it may just look that way”

Uncategorized Jan 20, 2022
 

I have shared for the last six months my concerns about inflation, higher mortgage rates, and what all of this will mean to the housing and mortgage industries. I maintained the position of: “If you like it, LOCK IT” so everyone could avoid the unpleasant rise in rates that was before...

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Welcome to 2022

Uncategorized Jan 06, 2022
 

2022 is here and the first full week is ending. What a powerful first few days it has been for sure. After a record setting 2021 for mortgage purchase dollar volume of more than $1.6 TRILLION in closed purchased loans, is everyone ready for an even better 2022? It will be better for you the...

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Bad Day for Bonds!

Uncategorized Dec 30, 2021
 

Yesterday was a bad day for bonds. A poor 7yr note auction pushed the UMBS 30 2.5% coupon down 36bps to a floor of support at 101.80, while the 10yr T rose 8bps to 1.55, which is just 5 bps below the current ceiling of resistance of 1.60.

I always get nervous when the markets move sharply right...

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Is it just me?

Uncategorized Dec 23, 2021
 

Social media means many things to many people. I am a content provider, and I am sure there are many who disagree with my thoughts, observations, and strategies, but I find it interesting that there are so many people who post absolute LIES repeatedly, just to generate clicks and views. Now I...

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