Tag Archive for Mortgage Applications

Best They Can Do?

Originally published by email . Use the form in the right sidebar to receive the free Wall Street Examiner Economic Bulletin emails. I update this chart of mortgage applications weekly in the Wall Street Examiner Professional Edition Fed Report. It is based on data published by the Mortgage Wankers Association each week. The more important…

Sour Housing Notes

The following is an excerpt from the Professional Edition Fed Report of December 23. It was also made available to Wall Street Examiner Economic Bulletins, a free email service, on December 24. You can subscribe via the form in the left sidebar. The Mortgage Bankers Association’s Mortgage Applications index announced Wednesday did a belly flop.…

Fed Coy As Panic Boosts Treasuries – Professional Edition

The mortgage applications data released on Tuesday continues to cast doubt on the NARs data showing a recovery or stabilization in the housing market. I don’t question their data, but the MBAAs data and Zillow’s data do not support it. See https://wallstreetexaminer.com/2009/09/01/more-little-lies-and-big-spin-gains-or-blips The Treasury completed 3 bill auctions this week with buying at panic levels,…

Treasury Pays Down, FCBs Buy, Fed Drains – Professional Edition

The Treasury paid down debt this week. Partly as a result of that, the indirect bid at the auctions was huge, signaling that foreign central banks continue to buy Treasuries at a breakneck pace. Meanwhile, spreads between GSE paper and Treasuries continued to widen at the same time as Treasury yields headed sharply higher. Once…