Thu, Jun 25 2020, 4:13 PM
Mortgage rates moved modestly lower today, bringing the average lender very close to all-time lows . The caveat continues to be that day-to-day rate c...
Thu, Jun 25 2020, 2:50 PM
Lots of Indecision, But The Outcome Should Make Sense
Both stocks and bonds are trading sideways after takin...
Thu, Jun 25 2020, 9:08 AM
Let's get the housekeeping out of the way first. With so much talk in the news about the coronavirus effect on GDP, I figured I'd point out that toda...
Wed, Jun 24 2020, 3:28 PM
Rising Rates Thwarted By Coronavirus Concerns
Stop us if you've heard this one before, but rates are low due...
Wed, Jun 24 2020, 3:26 PM
Mortgage rates moved modestly lower today, but face an uphill battle in general. They fell very quickly as coronavirus first hit financial markets. Th...
Wed, Jun 24 2020, 9:30 AM
Stop us if you've heard this one before, but rates are low due to an unprecedented global emergency. Unless coronavirus situations deteriorates signif...
Tue, Jun 23 2020, 4:16 PM
It seems almost melodramatic to refer to any modest increase in mortgage rates these days. If we were to go over each lender's rate sheet with a fine ...
Tue, Jun 23 2020, 4:16 PM
Decent Day For MBS But Broader Trend Remains a Concern
Rates are low. Unless coronavirus wins (or looks like...
Tue, Jun 23 2020, 8:42 AM
We've definitely seen Treasuries improve relative to MBS more often than not in the past week or two. The most obvious driving force behind that ph...
Mon, Jun 22 2020, 5:06 PM
Mortgage rates held their ground today, with the average lender in roughly the same shape as they were on Friday. Incidentally, that's great shape! Wh...
Mon, Jun 22 2020, 3:06 PM
Locking vs Floating Remains a Question of Covid vs The Economy
Rates are low. Unless coronavirus wins, rates...
Mon, Jun 22 2020, 8:55 AM
The bond market is starting the day fairly flat. Each of the past 4 trading days has seen yields end lower than they began. And over the past two we...
Fri, Jun 19 2020, 4:33 PM
Putting MBS Underperformance in Perspective
Rates are low. Unless coronavirus wins, rates should continue to...
Fri, Jun 19 2020, 4:32 PM
Coronavirus hit markets with unprecedented force in March. Stock prices and bond yields sank. When the outlook grew less dire, markets began moving ba...
Thu, Jun 18 2020, 8:17 PM
Mortgage rates improved modestly today as investors remain cautious amidst rising coronavirus stats in several states. The experience of those states ...
Thu, Jun 18 2020, 3:10 PM
Sideways Victory For Bonds and Rates
We've been tracking both a sideways trend and an uptrend in bond yields...
Thu, Jun 18 2020, 8:34 AM
The bond market had been very flat with yields near all time lows since mid-April. If there was any predisposition toward strength or weakness during...
Wed, Jun 17 2020, 5:06 PM
Mortgage rates joined many other sections of financial markets today in doing almost absolutely nothing . Both stocks and bonds were almost perfectly ...
Wed, Jun 17 2020, 4:07 PM
Which Way Do We Go?
Markets continue trying to sort out the prospects for a recovery vs the risk of covid-19...
Wed, Jun 17 2020, 8:35 AM
Perspective is always important when considering market movement. Most decent charting software or any responsibly-created custom chart will scale th...
Tue, Jun 16 2020, 4:21 PM
Mortgage rates moved higher for the 3rd straight business day. That said, last Friday is better described as being a "2nd consecutive day of all-time ...
Tue, Jun 16 2020, 3:58 PM
Economic Hope Squares Off Against Virus Fears (Again)
Markets continue trying to sort out the prospects for ...
Tue, Jun 16 2020, 8:27 AM
Last week saw stock prices and bond yields fall as markets got back in touch with their recent habit of trading primarily on the coronavirus outlook. ...
Mon, Jun 15 2020, 5:27 PM
Mortgage rates were slightly higher today for the average lender. Additionally, some lenders bumped rates a bit in the middle of the day in response t...
Mon, Jun 15 2020, 3:34 PM
Virus Fears Back in Focus For Markets
Rather than the gradual decline that many had hoped for, we're instead...
Mon, Jun 15 2020, 8:54 AM
The week begins with global financial markets once again defending against coronavirus risks. Case counts were flat in April and most of May. The im...
Fri, Jun 12 2020, 4:55 PM
2 Wild Weeks That Mostly Cancel Each Other Out
What a difference a week makes! Last week, the order of the ...
Fri, Jun 12 2020, 4:54 PM
Mortgage rates plunged well into new all-time lows this week, which is a striking turn of events given the vastly different outlook at the end of last...
Fri, Jun 12 2020, 9:38 AM
Yesterday, after 4 straight days of improvements, the bond market easily returned to the trading range that had been intact for 6 weeks (until it was ...
Thu, Jun 11 2020, 5:48 PM
Mortgage rates plunged well into new all-time lows today. This is a striking turn of events given the vastly different outlook at the end of last week...
Thu, Jun 11 2020, 4:53 PM
Bonds Back in Business; More New All-Time Low Rates
What a difference a week makes! Last week, the order of...
Thu, Jun 11 2020, 8:43 AM
We'll have to be careful about thinking or saying that bonds have "confirmed" any sort of shift when it comes to established ranges or trends. The la...
Wed, Jun 10 2020, 5:07 PM
Mortgage rates dropped quickly today. This wasn't necessarily destined to be the case this morning, but after the Fed released its most recent policy ...
Wed, Jun 10 2020, 3:42 PM
Fed Delivers. Bonds Surge
As far as the Fed is concerned, bonds don't have to stress out about rates rising ...
Wed, Jun 10 2020, 2:03 PM
The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum ...
Wed, Jun 10 2020, 9:09 AM
The word "roll" has a few meanings around here. For those who participate in MBS markets at a higher level, "dollar rolls" are actual tradeable posit...
Tue, Jun 9 2020, 5:53 PM
Mortgage rates moved lower again today, with the average lender erasing a good amount of the weakness seen last week. That's good news considering rat...
Tue, Jun 9 2020, 4:42 PM
Bond Rally or a Token Bounce After Last Week's Rout?
Last week saw rates rise at the fastest pace in months ...
Tue, Jun 9 2020, 8:43 AM
Last week saw rates rise at the fastest pace in months in an apparent lift-off from an extended stint near all-time lows. Now the current week looks v...
Mon, Jun 8 2020, 5:02 PM
After moving higher at a fairly quick pace last by last Friday, mortgage rates are off to a better start this week. Rates remain noticeably higher ver...
Mon, Jun 8 2020, 3:34 PM
Surprisingly Strong Day Made Possible By Last Week's Rout
After last week's rout at the hands of stronger ec...
Mon, Jun 8 2020, 8:53 AM
Bonds are coming off their roughest week in months with yields rising at their quickest pace since the mega-volatility seen during the panicked sell...
Fri, Jun 5 2020, 4:04 PM
That Escalated Quickly, But MBS Recovered Fairly Nicely
After weeks and weeks (6, to be specific) of extraor...
Fri, Jun 5 2020, 12:25 PM
Things are quickly getting interesting for mortgage rates , and by 'interesting,' I mean potentially alarming. Everything's relative though, so it sho...
Fri, Jun 5 2020, 8:18 AM
After weeks and weeks (6, to be specific) of extraordinarily calm and narrow trading ranges in ultra-low-yield territory, the bond market has suddenly...
Thu, Jun 4 2020, 4:17 PM
Mortgage rates are directly tied to the bond market. This isn't too much of a surprise considering pretty much anything with an interest rate can be t...
Thu, Jun 4 2020, 4:15 PM
Big Risks Ahead For Rates and Some Solid Opporunities Right Now
Treasury yields broke one important ceiling ...
Thu, Jun 4 2020, 8:50 AM
Yesterday's econ data caused a stir in the bond market, forcing yields to break above a key ceiling at .74%. Can they make it back below that ceiling...
Wed, Jun 3 2020, 3:54 PM
Econ Data Causing Bonds to Reconsider Commitment to Super Low Yields
Bonds haven't been interested in econ d...
Wed, Jun 3 2020, 3:52 PM
Mortgage rates were decisively higher today as the bond market lost ground due to surprisingly strong economic data. Mortgage rate movement is mainly ...
