Trading Desk (901) 261-5950

Five Minute Maturity – 08/09/2021

Good morning and happy Monday! This is going to be another light week for housing data. General news in the street today is headlined by a couple of interesting stories. First up, we talked last week about the number of homes in the U.S. that were still upside down on...

Five Minute Maturity – 08/06/2021

Good morning and happy Friday! With no scheduled mortgage or housing releases today, we’re going to be short and sweet. We have a couple of news stories to cover, beginning with MBS pre-pay speeds for July, which were released yesterday afternoon. All coupons of 30yr...

Five Minute Maturity – 08/04/2021

Good morning and happy hump day! If it’s Wednesday, it must be time for Mortgage Applications. At 6:00 a.m. central we got the Mortgage Applications number for the week ending 7/30. The prior week we had a +5.7% release revised to +7.0%, today came in at -1.7%. Ward’s...

Five Minute Maturity – 08/02/2021

Good morning and happy Monday! There is very little this week in scheduled housing news. We do, however, have one key story to cover. The big one, 1st page above the fold, is what didn’t happen. On Friday, the House of Representatives failed to garner enough votes to...

Five Minute Maturity – 07/30/2021

Good morning and welcome to the weekend again! We don’t have any scheduled housing news today. As always, however, there are some select stories to cover. First up today, regulation is coming to the non-bank originators. Over the past decade their share of mortgage...

Five Minute Maturity – 07/28/2021

Good morning and happy hump day! We had more housing news today in the form of Mortgage Applications, which was released at 6:00 a.m. central time. This was for the most recent week ending July 23rd. The prior week we saw a -4.0% decline. Today was another flip-flop,...

Five Minute Maturity – 07/26/2021

Good morning and happy Monday! Today was a scheduled housing news day, with New Home Sales for June at 9:00 a.m. central time. The street was looking for a +4.0% number after a -5.9% stinker in May. Instead, the ghost of housing headwinds struck again with a -6.6%...

Five Minute Maturity – 07/23/2021

Good morning! Yesterday the The National Multifamily Housing Council (NMHC) released their July report, and like the housing market, the rental market has become increasingly tight. The NMHC’s Market Tightness Index hit a record-breaking high of 96, up from 81 last...

Five Minute Maturity – 07/21/2021

Good morning and happy hump day! Today continues our scheduled housing data with Mortgage Applications for the week ending July 16. We’re coming off a +16.00% last week, the biggest up move in 6 months. Today’s number came in on the low side at -4.00% In data released...

Five Minute Maturity – 07/19/2021

Good morning and happy Monday! If you’ve been anticipating getting back to some housing market data, this is your week! Existing Home Sales, New Home Sales….were loaded for bear, and we started today hearing from the builders with the National Assn. of Home...