Over the past 4 business days, the average top tier mortgage rate has fallen by 0.22%. While that may seem like a small number, consider that mortgage...
In Connecticut, a portion of the formal and informal talk here is about how builder news touches on lenders. (As an aside, Home Depot’s earnings, repo...
They day begins with 10yr yields down more than 10bps and trading under 4.30% at times. MBS are up 3/8ths with 5.5 UMBS coupons getting close to par. ...
Mortgage rates were already in line with the lowest levels since December 18th by last Thursday. They dropped to the best levels since December 12th a...
Today I head to Connecticut for a visit with First World Mortgage and the Northeast Mortgage Summit. Today happens to be rocker George Thorogood’s 75t...
After a strong finish last week, there was some natural risk that short-covering and position squaring added to the gains, thus increasing the chance ...
Back on December 18th, rates began the day fairly close to where they ended the previous day. In the afternoon, rates surged sharply higher following ...
Per the latest release from the Mortgage Bankers Association (MBA), both refinance and purchase indices decreased this week. In terms of the change fr...
The Census Bureau released its New Residential Construction report this week, frequently referred to by its principal component "housing starts" (a te...
The National Association of Homebuilders (NAHB) along with Wells Fargo released the monthly builder confidence index this week, and it came out much w...
MBS are very close to their February 5th levels, which were the best since the morning of December 18th before the Fed announcement (and dot plot) cau...
While much of the nation deals with the severe cold, I received this note from a new loan officer in Oklahoma. “Rob, I overheard my secondary group ta...
It was a fairly decent day for mortgage rates with the average lender returning to the lowest levels in just over 2 months. The improvement followed e...
There's an interesting little case study in this morning's market movement. Bonds had been sideway to very slightly weaker overnight, but began to ral...
“Inflation is really getting out of hand... But that's just my 5 cents.” Inflation impacts the prices of fixed-income securities, like the kind backed...
It was almost a mildly interesting day as rates started out slightly higher. To be fair, even that would not have been too interesting because the mo...
So, you drive across town to a gym to walk on a treadmill? There are always interesting and strange things going on out there. Huh? The Florida’s gove...
Bonds extended yesterday's selling streak in the overnight session, but not in an alarming or serious way. Momentum reversed at 9am without any clear ...
Mortgage lenders were unable to update their rates yesterday as the bond market was closed for the Presidents Day holiday. Three day weekends can occ...
Traders have done a reasonably good job of making it back to the office after the 3-day weekend. Volumes are almost in line with last Tuesday (also a ...
This weekend I spent a little time in the Miami Airport and overheard two people discussing how they were waiting for a builder in Tennessee to finish...
The final two days of the present week weren't on many bingo cards as of Wednesday afternoon. At the time, rates were jumping higher in response to i...
In this week's update on mortgage applications from the Mortgage Bankers Association (MBA), purchases continued a modest retreat but refinance demand ...
What a difference the past two mornings have made for a bond market that was seemingly on the ropes on Wednesday. After yesterday's paradoxical (thoug...
As rumors of the demise of HMDA reporting swirl, as well as a 50 percent reduction in HUD headcount and actual VA cuts, think about this the next time...
Mortgage rates jumped quickly higher yesterday following the higher inflation reading in the Consumer Price Index (CPI). Now today, rates have complet...
Capital markets participants around the world breathed a sigh of relief when Federal Reserve Chair Jerome Powell said Wednesday that President Donald ...
This morning's econ data included weekly jobless claims, which came in roughly in line with forecasts, and the Producer Price Index (PPI) which was a ...
Today's mortgage rate movement is very straightforward. Unfortunately, it's also marked by a straight line toward higher levels--in this case, the hi...
We know that bonds take a majority of their economic data cues from two reports: NFP and CPI. We knew that today's CPI was critically important in com...
With the whirlwind of Trump Administration news (Jonathan McKernan to lead the CFPB, playing hardball in Gaza, ending penny production, pardoning form...
Any recap of financial news headlines will likely mention Fed Chair Powell's congressional testimony today. Some efforts could even be made to link t...
With Tokyo closed for a holiday, overnight Treasury trading was limited to futures markets until 2am ET. Yields opened about 1bp higher in Europe and...
Hah! Just kidding… But did you think, “Oh no!” or “Yippee!” when you saw that subject line? The ups and downs of the Consumer Finance Protection Burea...
Mortgage rates have been on a vacation from volatility since January 16th when they fell back toward 7% after hitting the highest levels since May 202...
Perhaps the most notable market-related headline over the weekend was Trump's pre-announcement of 25% tariffs on steel and aluminum (in addition to ex...
Friday brought the release of the big jobs report which is historically more likely than any other monthly economic report to cause the biggest pops o...
“The San Diego Padres visited an orphanage in Mexico. ‘It's really sad to see their faces with no hope,’ said Juan, age 9.” In other San Diego news, O...
Impressively Calm Rally Continues Amid General Growth Concerns
In the absence of the typical motivations required for the present pace of bond market gains, we're left to ponder vague generalities such as the...