Archive for February, 2011

Rates Even To Open Week. Consumer vs. Business Inflation Debate.

Flat consumer inflation and higher business inflation are canceling each other out this morning, leading to relatively flat mortgage bond trading. The result is rates (on 30yr fixed loans up to $417k) that are holding about 4.875%. We’ll discuss the debate between higher business inflation and flat consumer inflation throughout this week. For now here’s […]

3 CFAs Discuss Consumer Rate Impact of Muni Defaults

When I was writing my 2011 rate outlook last month, I asked some former colleagues—CFA types much smarter than me—for their views on what a possible municipal bond implosion might mean for mortgage backed securities (MBS). I asked because consumer mortgage rates are tied to MBS, and I was testing a theory on whether MBS […]

WeeklyBasis 2/26/11: Will Jobs Report Stump Markets Again?

Rates were down .25% last week, regaining much of the .375% rise of early-February. The North-African/Middle-Eastern uprising against dictators spread from Egypt to oil-producing Libya. Tensions grew last week as their leader Muammar Gaddafi fired repeatedly on his own citizens and made even crazier public statements than Charlie Sheen, the self-proclaimed man with fire-breathing fists. […]

Hey Trulia, why don’t you let users import blogs?

Hey Trulia, I’ve attempted to run a blog on your site but throwing in the towel as of today. At least until you let users import blogs. Is there any reason why you wouldn’t allow that? Your users are housing professionals who are producing massive volumes of great content daily, and I’m not alone when […]

Economic Calendar Feb 28-Mar 4. Jobs & Business Inflation.

Here’s a snapshot of next week. See current WeeklyBasis report on what it all means.

Housing Recovery: Warren Buffett vs. CalculatedRisk

Warren Buffet released his Berkshire Hathaway annual shareholder letter today, which is widely read for signals on the broader economy. Here’s what he said about housing: “A housing recovery will probably begin within a year or so. In any event, it is certain to occur at some point.” A bit open-ended. And CalculatedRisk noted that […] Likability of Angry Birds

TheOatmeal guy is brilliant for many reasons, one of which is his laugh-out-loud usage of profanity. One such case below, and click pic for more. The Basis Point will resume market coverage tomorrow with our WeeklyBasis recap of this week and preview of next week.

The Hangover 2 Trailer

Lots of market turmoil as usual. Below is a little something to look forward to … and here’s the original Hangover’s One Man Wolfpack speech re-written to address the Dodd-Frank Finreg package.

Rates down & oil up (but volatile) on Libya unrest and weaker U.S. new home sales

Bonds and especially oil are trading wildly today as markets sort through mixed data. Both are generally up as the Libya situation unfolds, and when bond prices rise on a rally, rates drop. As for oil, was as high as $103 today and now more like $97. Below are the data releases from today: jobs […]

Will Government Force Banks To Reduce Loan Balances For Underwater Homeowners?

The WSJ reports today that, “The Obama administration is trying to push through a settlement over mortgage-servicing breakdowns that could force America’s largest banks to pay for reductions in loan principal worth billions of dollars.” This is a good update on a sticky topic: should banks be forced to reduce mortgage balances for distressed homeowners […]

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