Today, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray issued the following statement on the Know Before You Owe mortgage disclosure rule: "The CFPB will be issuing a proposed amendment to delay the...
Treasuries rallied after a Dovish Fed statement suggested that the pace of rate hikes will be slow. The Fed improved its stance on the economy, but stated that the conditions for a rate hike have not been achieved. General...
After topping out at 2.50 last week, the ten year Treasury Note has settled into the 2.33 to 2.36 range. Until we see something that pushes the market one way or the other in a meaningful way, we will continue to look for...
The minutes from the Fed's April meeting, released yesterday, indicated that many Fed officials saw a June hike as unlikely.... NO SURPRISE. The market reaction was muted as the removal of the June rate hike has already...
The market is reacting to headline housing starts this morning, which came out far better than expected. Bloomberg reports that April housing starts rose 20.2% to a 1.135 mln unit rate from an upwardly revised 944K unit rate...
Yesterday's Fed announcement was categorized by many as a non-event. The first paragraph of the Fed statement contained a few notable changes, but the overall message is very much the same. The fed used the words...
Mortgages are mixed this morning. Mortgage Bankers Association (MBA) Mortgage Applications were up 0.1% for the week ending February 27. That's compared to the previous week's decline of 3.5%. Jobs... Jobs......
It could be a very happy 2015... Freddie Mac's U.S. Economic and Housing Market Outlook predicts the home-purchase market to strengthen along with the economy in 2015. Falling gas prices will likely boost consumer...