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...
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...
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 ...
Mortgage applications finally rebounded as mortgage rates fell for a second straight week. The Mortgage Bankers Association (MBA) reported a 3.4% inc...
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...
Oil prices are up. Bond yields are down sharply. If this was early September, that wouldn't make sense. Bonds decoupled from the oil correlation on Fe...
It was another ho-hum day for mortgage rates, which is more of the exception than the rule these days. But we're not complaining! The uneventful, side...
Let’s see what’s in my electronic mailbag. “Rob, is it true that LOs can now join the MBA directly?” Yup. There’s MBA Homebase that provides loan offi...
We find ourselves in a bit of a lull in the bond market this week, and we don't object! Yields aren't screaming back up toward recent highs. Nor are t...
Mortgage rates dropped 0.03% today on average leaving the top-tier 30yr fixed rate index at 7.40% vs 7.43% yesterday--the third lowest level in more t...
“I ordered a book online titled, ‘How to Scam People Online.’ It’s been six months and I still haven’t received it.” Being scammed, and fraud in gener...
The bond market continues to decide who it wants to be in Q4, 2026--the harbinger of inflation concerns, debt issuance and economic growth or a safe h...
Mortgage rates were moderately higher to start the new week, adding to the modest losses seen on Friday. The silver lining is that any of the past 3 b...
“There’s a cohort of American males who believe that, with 1-2 years of dedicated practice, they could win the Masters golf tournament. As a marketer,...
Last week's most notable development was a flight to safety in the bond market precipitated by concerns about a shift in tech sector sentiment. The sh...
If you're busy, we can make this quick. Existing home sales dropped sharply from over 6m units per year starting in 2022 and had bottomed out around 4...
Mortgage applications continued to lose ground as mortgage rates held near their highest levels in nearly three years. The Mortgage Bankers Associatio...
Bonds Almost Able to Break Even Thanks to Tech Turmoil
Tech stocks embarked on a wild ride starting with earnings releases after the bell yesterday. While today's recap title mentions "breaking even," if we w...