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

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.

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

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

TheOatmeal.com: 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.