Today brought the release of the minutes from the most recent Fed meeting in addition to numerous Fed speeches and the scheduled auction of 10yr Treas...
Should it concern us that, a few days ago, it was pointed out that from now until Nov. 26, there’s at least one football game on TV to watch every day...
This week's economic calendar is choked with Fed speeches and most of them are happening today. Collectively, those will be more relevant than the re...
Mortgage rates spiked at their fastest pace in months on Friday following the jobs report and yesterday added insult to injury, making for a total inc...
Friday's NFP gave the bond market a solid whack, sending yields quickly higher. Momentum remained intact over the weekend and through Monday. Overse...
Here in Philadelphia and many other parts of the nation, the weather is autumnal. But that doesn’t matter for the thousands upon thousands of uninsure...
It's been a strange and frustrating couple of weeks for anyone who mistakenly believed that mortgage rates would move lower after the Fed rate cut. T...
Yesterday I flew west to Philadelphia (“Philly”) to spend some time with the Spring EQ sales team. It is a well-known fact that the process of boardin...
Here's a repeat of the lock/float considerations posted on Friday after the jobs report: "Friday's strong jobs report and resulting bond market rout c...
It is a very simple day for the bond market. There was a ton of anticipation for today's jobs report after the past two iterations raised concerns ab...
Today's much-anticipated jobs report ended up coming out much stronger than expected. A stronger result was all but guaranteed to cause carnage (rela...
As Maui grapples with rebuilding, and parts of the Southeast deal with continued rescue or recovery issues, where would our lives be without some levi...
Depending on how tuned in you've been to changes in our daily rate tracking, the news may be getting old at this point. Rates have done almost nothin...
Tis the time of year when pumpkins have magically appeared in bins outside supermarkets and on porches. Which state grows the most? It’s hard to beat ...
There are some labor market reports that cause some concern about a weaker job market. And while Jobless Claims is often thought to be a leading indi...
Mortgage rates moved higher today after an employment report suggested that Friday's forthcoming Employment Situation (the BIG jobs report) might come...
The Fed's been saying it for several months and the market has been trading it accordingly for just as long: the focus has clearly shifted away from i...
Whether it was Richey May’s lock picking kit, Maxwell’s milk frother, Total Expert’s socks, or Byte’s locally made sweet treats, there was plenty of v...
While the past 5 months have been well-stocked with victories for mortgage rates, the past week and a half brought a bit of a pull back. Most of that...
This morning's slate of economic data is certainly higher-profile compared to yesterday with JOLTS and ISM Manufacturing always capable of moving the ...
We find ourselves in the 4th quarter of 2024. October is here! Do you want to beat the rush for buying the Halloween candy that’s most popular in your...
Mortgage rates have generally been moving higher since the Fed cut rates 2 weeks ago. We've discussed and explained that paradox exhaustively and can...
Momentum has been building and focus has been shifting. After a few years of inflation reports giving the jobs report a run for its money in terms re...
Well, this is the week that many have been waiting for: Fat Bear Week! The nearly 600 mortgage folks here in Las Vegas at the ACUMA event can talk abo...
'Tis the season for things to be something other than what they appear to be, apparently. Lenders are talking about new loan limits, but they haven't ...
Just a few months ago, the big ticket inflation reports were just as relevant as the jobs report in terms of their ability to cause movement in the bo...
“Who was the first person that used technology? Moses. He had two tablets that were connected to the cloud.” Technology is a two-edged sword. On the o...
Because we created the industry's first daily mortgage rate index based on actual lender rate sheets without any subjective distortions, and because t...
At the risk of tempting fate by discussing a leveling-off of the post-Fed correction again, the overnight session saw the most compelling case yet for...
We’re all following Hurricane Helene and its impact on lives and housing stock in the news. Will Rogers famously said, “All I know is what I read in t...
Mortgage rates hit their lowest levels in more than a year and a half last Tuesday as the bond market put the finishing touches on its preparation for...
The bond market is in a bit of a lull with any excess buying demand flowing to the shorter end of the yield curve. Meanwhile, the long end has been d...
“My people skills are fine. It's my tolerance for idiots that needs work.” Fortunately, in our business we have very, very few of those, and certainly...
The Federal Reserve is far from the only game in town when it comes to exerting influence on interest rates. That's a loaded statement, of course, co...
Today I leave Illinois, with the world’s largest corn maze, and head to Nebraska, with the world’s largest ball of stamps, things that make life inter...
Monday's trading session offered some hope that the post-Fed correction was losing steam, but purely from a technical standpoint. All we really know ...
Mortgage rates rose modestly last week after hitting long term lows before the Fed announced its 0.50% rate cut. In not so many words, mortgage rates...
Don't Expect Salvation From CPI
Bonds lost a bit of ground on Wednesday with Treasuries having a far rougher go of it than MBS, but not by much, ultimately. If one had to guess at reasons for the MBS Ou...