Fri, Jun 28 2019, 12:59 PM
Mortgage rates enjoyed a pleasantly flat week despite some volatility in the underlying bond market. The day-to-day changes in Treasuries and Mortgage...
Fri, Jun 28 2019, 8:34 AM
In the day just past, both stocks and bonds showed a greater predisposition to react to trade-related headlines (more so in stocks, but noticeable in ...
Thu, Jun 27 2019, 5:33 PM
Stop me if you've heard this one before: bonds have been trading in a mostly sideways, consolidative range ahead of what should prove to be key events...
Thu, Jun 27 2019, 4:19 PM
Mortgage rates rose to the week's highest levels yesterday, but they moved back down today . Although there have been slightly better days over the pa...
Thu, Jun 27 2019, 8:43 AM
In the day just past, bond markets weakened at a reasonably quick pace. The initial motivation was a headline regarding the prospects of a US/China t...
Wed, Jun 26 2019, 5:22 PM
Things have been bright and sunny for the bond market without any troubling exceptions since mid-April. During that time we've only seen 10yr yields ...
Wed, Jun 26 2019, 4:46 PM
Mortgage rates hadn't moved much since last Friday--a good thing considering those levels were in line with the lowest levels in a long time. The grou...
Wed, Jun 26 2019, 9:59 AM
In the day just past, bonds extended the gains seen on Monday with 10yr yields hitting 1.98% before encountering resistance. The gains are most readi...
Tue, Jun 25 2019, 5:38 PM
Bonds were roughly unchanged overnight but soon began to improve at the CME and NYSE opening bells. Weak economic data at 10am didn't hurt the rally,...
Tue, Jun 25 2019, 5:11 PM
Mortgage rates were little-changed again today, despite moderate improvement in the broader bond market. Although it's MBS (the mortgage-backed securi...
Tue, Jun 25 2019, 9:25 AM
In the day just past, bonds returned from the weekend with an unexpected fervor--at least in terms of outright improvement in yields. Looking beneath...
Mon, Jun 24 2019, 4:59 PM
Friday was tense for the bond market, with selling pressure that was just big enough to cause concern about a bigger correction, and buying support ...
Mon, Jun 24 2019, 3:39 PM
Mortgage rates were generally flat today, depending on the lender. Some were noticeably better while others were a hair worse. In both cases, rates ar...
Mon, Jun 24 2019, 9:19 AM
In the week just past, bonds were preoccupied with central bank communications. Wednesday's Fed announcement was going to be the only game in town, b...
Fri, Jun 21 2019, 6:46 PM
Mortgage rates have had an impressive run --the best since 2011, in fact, when it comes to total peak to trough movement. That winning streak might no...
Fri, Jun 21 2019, 6:46 PM
The bond market took an entire day to reiterate what it told us yesterday afternoon. Simply put: it's not interested in rallying much more than it al...
Fri, Jun 21 2019, 10:16 AM
In the day just past, bonds initially extended the post-Fed gains with 10yr yields briefly hitting 1.973% before bouncing to end unchanged on the day....
Thu, Jun 20 2019, 6:41 PM
A break below a big psychological technical level in bond yields can be a great thing to behold, but it can also be a signal that it's time for bonds ...
Thu, Jun 20 2019, 6:05 PM
Mortgage rates plunged today as the bond market extended its positive reaction to yesterday's Fed announcement. The Fed doesn't set mortgage rates, bu...
Thu, Jun 20 2019, 8:58 AM
In the day just past, bonds were primarily concerned with reacting to the Fed announcement, press conference, and updated economic projections. Even ...
Wed, Jun 19 2019, 6:48 PM
Mortgage rates reacted favorably to today's Federal Reserve announcement and press conference--today's key events. But that doesn't mean every lender ...
Wed, Jun 19 2019, 6:35 PM
As expected, today was all about the Fed-related events. Yields moved exactly as far we thought they might based on the Day Ahead, AND in a friendl...
Wed, Jun 19 2019, 2:02 PM
Information received since the Federal Open Market Committee met in March May indicates that the labor market remains strong and that economic acti...
Wed, Jun 19 2019, 9:35 AM
In the day just past, bonds surged to the best levels since 2017, with 10yr yields coming within 0.002% of the lowest yields since Nov 2016. The key ...
Tue, Jun 18 2019, 5:34 PM
This week's big to-do had been and continues to be tomorrow's Fed announcement, press conference, and updated forecasts. The Fed's European counterpa...
Tue, Jun 18 2019, 2:38 PM
Mortgage rates have generally been moving sideways for the past 2 weeks. This has accomplished a twofold goal of coming to terms with the strong gains...
Tue, Jun 18 2019, 9:34 AM
In the day just past, bonds did absolutely nothing new or interesting. Yields continued to trade in a narrow, sideways range--one that has persisted ...
Mon, Jun 17 2019, 5:49 PM
Mortgage rates were only modestly higher today. Most lenders were still quoting the same rates compared to Friday with the only difference being sligh...
Mon, Jun 17 2019, 9:25 AM
In the week just past, the bond market began by threatening to bounce toward higher rates after an impressive, 5-week rally to the lowest levels since...
Fri, Jun 14 2019, 6:27 PM
Somehow, the bond market managed to end the week at 2.084% (10yr yield) which is exactly where it ended last week. In all my years of market-watching...
Fri, Jun 14 2019, 6:07 PM
While we can't say that this week's best mortgage rate offerings were quite as good as last week's best, they were pretty darn close. In fact, quite a...
Fri, Jun 14 2019, 8:31 AM
In the day just past, bonds managed to add modestly but meaningfully to a 2.5-day rally that's acted to keep them in a consolidation pattern. After I ...
Thu, Jun 13 2019, 5:04 PM
Monday and Tuesday were a bit nerve-racking as it looked like yields might break back above the pre-Mexico-tariff-threat gap in the 10yr yield chart. ...
Thu, Jun 13 2019, 4:30 PM
Mortgage rates moved lower for the 2nd straight day, which brings them back in line with Monday's levels. While these aren't quite the lowest rates of...
Thu, Jun 13 2019, 9:23 AM
In the day just past, bonds built on the Tuesday's strength following a correction to the weakest levels in more than a week. 10yr yields briefly mad...
Wed, Jun 12 2019, 4:28 PM
Yesterday morning saw bonds weaken enough to cause some small measure of panic among bond bulls. Said bulls had been nodding their heads all last wee...
Wed, Jun 12 2019, 3:56 PM
Mortgage rates moved higher over the past 2 days, but managed to find their footing today. I'll be the last person to claim interest rates and stock p...
Wed, Jun 12 2019, 9:20 AM
In the day just past, bonds initially gave the impression that they were continuing to correct toward higher yields after weekend news of a trade "dea...
Tue, Jun 11 2019, 2:59 PM
Mortgage rates moved higher again today, even though underlying bond markets were relatively flat. This is due to the timing of market movement over t...
Tue, Jun 11 2019, 8:30 AM
In the day just past, bonds traded to their highest yields in more than a week--something that hasn't been too common in the past few months. In fact...
Mon, Jun 10 2019, 5:01 PM
Bad news for bonds today as Trump shelved the threat of tariffs on Mexico that helped fuel the sharpest leg of the recent rally 2 weeks ago. Perhaps...
Mon, Jun 10 2019, 4:39 PM
Mortgage rates had a fairly epic week last week, spending each day effectively pinned to the lowest levels since September 2017. That followed a swift...
Mon, Jun 10 2019, 8:58 AM
In the week just past, bonds moved aggressively sideways at long-term yield lows after coming out of the gate strong on Monday. There were several n...
Fri, Jun 7 2019, 5:35 PM
The labor market has been the last bastion of defense against the various threats to the current economic expansion. Inflation may be intractable. ...
Fri, Jun 7 2019, 3:26 PM
Mortgage rates moved decisively lower today following a much weaker-than-expected reading on new job creation in a key report from the Department of L...
Fri, Jun 7 2019, 8:25 AM
In the day just past, bonds managed to hold perfectly flat despite several big-ticket market movers in play. These included the European Central Ba...
Thu, Jun 6 2019, 6:03 PM
In hindsight, it's been a boring week for bonds with each trading day falling mostly inside Monday's range and easily inside the 2-day range set by ...
Thu, Jun 6 2019, 5:19 PM
Mortgage rates didn't move much today. That's been the theme for most lenders every day this week. Rarely has an absence of change been so awesome! Th...
Thu, Jun 6 2019, 8:58 AM
In the day just past, bonds maintained a range that fell almost perfectly inside the range from the previous day. The same was true of the previous...
Wed, Jun 5 2019, 5:00 PM
Yesterday was the first day of major selling that we've seen in more than a month in that 10yr yields moved up more than 5bps from the previous clos...
