Yesterday, it was a drop below 7.25%. Today, the 7.20% floor was broken. Mortgage rates have been on a tear over the past month and are now back to 7....
Why am I a sucker for stories like, “What Do the Twins in the Shining Look Like Now?”? Is the American public a sucker for not being more concerned th...
Bonds are starting the day a few bps weaker. 10yr yields are just over 4.90% and considering they were almost 50bps higher a month ago, you're free to...
30yr fixed rates moved over 7.25% on September 23rd, 2026 and continued to long-term highs of 7.61% by early October. But starting in mid October, rat...
Yes, there was/is an election which is certainly a discussion topic here in Dallas, but regardless of the results, many people who don’t own homes wan...
There are several moving parts to today's trading levels, but the TL;DR is that bonds are holding modest gains so far despite some 2-way volatility. T...
Well... they can't all be winners. It seems as if rates could do no wrong over the past 3 days with each marking the lowest level in more than a month...
Lender and Broker Products, Services, and Software Most lenders are still catching up on tech. Here’s your chance to get ahead. In this report, Plai...
Bonds were sideways to slightly weaker overnight, but they're rallying back to unchanged levels in the 8am hour following favorable headlines regardin...
It was a perfectly fine day for mortgage rates to start the new week. The underlying bond market improved modestly, drawing on a combination of sharpl...
Sometimes you and your teammates have different priorities. I head to Dallas tomorrow for a private mortgage event, where the priorities will probably...
Bonds were initially a hair weaker at the start of the overnight session, but rallied gradually after that. The sharpest gains arrived at the 9:30am N...
New home sales lost almost no ground in September, effectively reinforcing the healthy rebound seen in August's report. The Census Bureau's New Resi...
Mortgage applications finally rebounded as mortgage rates fell for a second straight week. The Mortgage Bankers Association (MBA) reported a 3.4% inc...
The rate market continues taking cues from turmoil in the tech sector. That resulted in the lowest rates in more than a month today as tech stocks sli...
As companies around the nation stage in-person or virtual costume contests, here’s some information for you a little off the beaten path. People want ...
Bonds were initially stronger in the overnight session with 10yr yields briefly falling under 4.90%. The rally generally aligned with overnight losses...
After 4 rather uneventful trading days, the bond market (which underlies interest rate movement) experienced a bit more volatility today. Fortunately,...
Artificial intelligence continues to capture the imagination of a wide range of companies, including lenders. “Why Underwriting Is the Right Problem f...
PCE inflation was almost perfectly in line with even the unrounded expectations. The monthly core number was 0.32 vs 0.34 (or .3 vs .3 on most econ ca...
Today's Fed announcement had no impact on mortgage rate movement, and minimal impact on intraday bond market volatility. Well before the Fed announcem...
The other day I went to Costco, and for $5.99 bought a pumpkin pie the size of a hubcap. What inflation? Costco’s hot dog/soda combo or the rotisserie...
Coreweave stock moved higher again overnight and Coreweave bond yields continued lower, with some issues now back to yields seen 2 weeks ago. Treasuri...
It was a remarkably calm day for the mortgage market on two separate levels. First off, the average lender set this morning's rates right in line with...
The ancient Chinese philosopher Sun Tzu said, “Sometimes the best victory is the battle that was not fought.” In a shrinking residential market there ...
"Neocloud" has entered the commentary. This is shorthand for the market segment in which Coreweave operates. Neocloud companies have been the epicente...
It was an uneventful day for mortgage rates, which is just the sort of thing you want to see when the average lender is just a hair above the lowest l...
Lender and Broker Products, Services, and Software Manual document reviews, repeated data entry and time-consuming “stare and compare” tasks slow do...
Bonds are technically just a hair stronger this morning, but in the slightly bigger picture, nothing has happened yet this week (not that we'd expect ...
Yesterday was an exciting day for rates with the lowest levels since September 23rd and a fairly brisk decline versus the previous day. Today? Fairl...
Mortgage applications continued to decline even as mortgage rates finally moved lower. The Mortgage Bankers Association (MBA) reported a 5.3% drop i...
Residential construction failed to find even footing in September, with housing starts declining and single-family building permits pulling back, whil...
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) dropped three points to 29 in October--its lowest level in 1...
Lender and Broker Products, Services, and Software The ability to move swiftly and confidently through the origination and underwriting process matt...
Little has changed between yesterday's close and this morning's early trading. 10yr yields are still several bps under 5%. MBS are still effectively a...
Interest rates continue taking cues from the market rethinking the pace of AI-related growth/spending. Last week's focus was on Coreweave and a few ot...
Lender and Broker Products, Services, and Software “Ready to get ahead of what’s next in mortgage technology? Join us for the client-exclusive Optim...
Stocks Got Rocked. Bonds Picked Up Some Slack
Chipmakers and other tech names got absolutely rocked today starting at the 9:30am NYSE open. Hedge funds dumped semiconductors like a bad habit early and often (...