“Did you hear about the Chinese guy who spoke out against the government? Exactly.” Hate the U.S. Government or love it, sometimes government and lend...
Today is a rare day when it comes to economic data. The first Wednesday of any given month is often an important one for economic data because ISM Se...
The average top tier 30yr fixed mortgage rate was technically 0.01% higher than yesterday, but that's the smallest possible detected move. It's just ...
“Being a parent is like being a psychic who is always right but is always ignored.” Here in Austin, TX, whether it was the Texas Women Mortgage Banker...
It doesn't always work like this, but today's overnight session saw the classic "conventional wisdom" trade with stocks prices and bond yields falling...
Up until last week's Fed announcement, the average 30yr fixed mortgage rate was at the lowest levels in more than a year (in many cases, matching the ...
Bonds were moderately weaker in the overnight session with most of the selling arriving at 7:56am ET when Alphabet filed for a large corporate bond of...
“Daylight savings time: Is the government cutting off the bottom of a blanket and sewing it to the top and saying, ‘See? Its longer now.’” Here in Aus...
After hitting the highest level in several weeks on Thursday, mortgage rates managed to move moderately lower on Friday. Counterpoint: Friday's rates ...
Both the FHFA and the S&P CoreLogic Case-Shiller indices released new home-price data this week covering the month of August. The message is unchanged...
Mortgage applications jumped sharply last week, driven by lower rates and a rebound in refinance activity. According to MBA’s Weekly Applications Surv...
Change is constant. Soon I head to Austin, in the Great State of Texas, for the TMBA’s star-studded Housing Summit where “change” will certainly be st...
With the shutdown ongoing, and the big ticket econ data vanished into the void, there's little for the bond market to do apart from get its books in o...
Every now and then, a Thursday comes along where we have to set the record straight on what is actually going on with mortgage rates. That's because F...
Are you ready to change the time on your car’s clock, or leave it and let it be right again on March 8, 2026? Some technology is cool. Imagine control...
The simplest way to understand yesterday's post-Fed sell-off is as follows. The market's enthusiasm for 3 Fed rate cuts in 2025 had grown a bit too la...
Today was not a foregone conclusion and there was no way to know ahead of time that it would end like this, but the outcome is exactly why we've gone ...
Bonds are a hair weaker this morning with losses showing up in the overnight session and mostly flattening out in domestic trading. Without any big t...
"The U.S. Senate is considering a bill that would tax Botox. When Botox users heard this, they were horrified. Well, I think they were horrified. It's...
Rates have been flirting with long term lows over the past 2 weeks, but today made it official. Today's average top tier 30yr fixed rate perfectly ma...
First off, bonds are doing fine this morning. 10yr yields are technically higher on the day, but only when compared to yesterday's 5pm levels. As fa...
My cat Myrtle never liked Halloween, apparently believing it was for amateurs. Our nation has plenty of interesting historical sites related to ghosts...
Mortgage rates fell to the lowest levels in a month last Tuesday and barely budged through the rest of the week. Now, at the start of the new week, th...
I was recently on a hike with a gal pal, and we were talking about her future. I asked, “You don’t have any kids. Who is going to take care of you whe...
As the shutdown continues, econ data remains sparse. This makes for smaller, more range-bound movement overall with last week making a decent case to ...
This morning brought the release of the much-anticipated Consumer Price Index (CPI). This is one of the two biggest inflation reports from the U.S. go...
Existing-home sales climbed modestly in September, rising 1.5% to a seasonally adjusted annual rate of 4.06 million , according to the National Assoc...
Mortgage application activity edged lower last week, driven by purchases, but the decline was marginal compared to recent swings. According to MBA’s W...
As shown in this video clip, don’t ever underestimate your opponent, or competitor. There were plenty of opponents and competitors at this week’s MBA ...
In terms of topline results, CPI was bond friendly with the core at .223 vs .3 and the headline at 0.3 vs 0.4 in monthly terms. Annually, we're runni...
Mortgage rates were effectively unchanged on Thursday with the average lender very close to the best levels in over a year. But when it comes to the u...
Economies and strategies impact various groups differently. Remember Mervyn’s, Montgomery Ward, or a dozen other large department stores that are no l...
Everything's relative when it comes to rates being high or low, but let's agree that the past 2 years have relentlessly driven home the notion of an i...
Mortgage rates were perfectly unchanged today, on average. With that, they remain in line with the lowest levels in more than a year and very close t...
Think back to October 17th. MBS opened slightly weaker and ended the day down about an eighth of a point. That was the last time we had a weaker star...
“Why did the Tibetan Monks go to Las Vegas? They are very good at games of chants.” One topic among hallway chats with lenders here at the MBA Annual ...
The bonds that underly mortgage rates were only slightly stronger today, but that's never a bad thing when they closed near the best levels in a year ...
On the one hand, there's not much going on for the bond market these days. The jobs report is a flat-out requirement in terms of informing major chan...
Today is a rare day when it comes to economic data. The first Wednesday of any given month is often an important one for economic data because ISM Services often falls on Wednesday, joining ADP to create a duo with a strong track record of mark...