Mortgage rates rose somewhat sharply following the late October Fed meeting but have been in a relatively narrow range so far in November. The range ...
In news underwriters will need to know, banks and satirists across the United States are taking Director Bill Pulte’s and President Donald Trump’s 50-...
First off, the market expected a shutdown resolution by mid November and especially since this past weekend. That's the reason today's news means ess...
Mortgage rates are based on bond market movement and bonds are much stronger today compared to Monday. Although bonds were closed yesterday for the Ve...
Its dog eat dog in the ranks of the FHFA and Fannie Mae & Freddie Mac. The question is, does anyone care, or is anyone surprised? We want to follow th...
ADP has been in the monthly data game for a long time when it comes to payroll counts, but their weekly report is the new kid on the econ data block. ...
Mortgage rates went into the weekend with a small cushion thanks to movement in the bond market on Friday. Specifically, bonds improved after mortgage...
If members of the House can make it back to D.C. in sufficient numbers, there's a real possibility that the shutdown will end this week. Some marketpl...
“6-7!” has swept the nation for youngsters of indeterminant age, and for no real reason. Other numbers have meaning, as do dates. For example, today i...
Wednesday's mortgage rates were the highest in roughly a month and very close to the highest levels in 2 months. This followed stronger economic data...
Although bonds began the day in roughly unchanged territory, they began losing ground shortly thereafter. Things changed at the 9:30am NYSE open as st...
How was the Louve in Paris robbed? The password for the cameras was… ready? Louve. (I’m sure that the Smithsonian, MOMA, and Vatican IT staffs are bus...
As of yesterday afternoon, mortgage rates were right in line with the highest levels in more than a month. The upward momentum was largely a product o...
Frequent conference goers or traveling salespeople are obviously concerned about the Trump Administration cutting 10 percent of flights for a variety ...
The shutdown has not only placed more emphasis on the alternative data that was already in the rotation, but also fueled interest in new sources. One ...
A common recent refrain is that the bond market (which dictates interest rates) is having to make do without many of the most important regularly-sche...
“Did you hear about the Chinese guy who spoke out against the government? Exactly.” Hate the U.S. Government or love it, sometimes government and lend...
Today is a rare day when it comes to economic data. The first Wednesday of any given month is often an important one for economic data because ISM Se...
The average top tier 30yr fixed mortgage rate was technically 0.01% higher than yesterday, but that's the smallest possible detected move. It's just ...
“Being a parent is like being a psychic who is always right but is always ignored.” Here in Austin, TX, whether it was the Texas Women Mortgage Banker...
It doesn't always work like this, but today's overnight session saw the classic "conventional wisdom" trade with stocks prices and bond yields falling...
Up until last week's Fed announcement, the average 30yr fixed mortgage rate was at the lowest levels in more than a year (in many cases, matching the ...
Bonds were moderately weaker in the overnight session with most of the selling arriving at 7:56am ET when Alphabet filed for a large corporate bond of...
“Daylight savings time: Is the government cutting off the bottom of a blanket and sewing it to the top and saying, ‘See? Its longer now.’” Here in Aus...
After hitting the highest level in several weeks on Thursday, mortgage rates managed to move moderately lower on Friday. Counterpoint: Friday's rates ...
Both the FHFA and the S&P CoreLogic Case-Shiller indices released new home-price data this week covering the month of August. The message is unchanged...
Mortgage applications jumped sharply last week, driven by lower rates and a rebound in refinance activity. According to MBA’s Weekly Applications Surv...
Change is constant. Soon I head to Austin, in the Great State of Texas, for the TMBA’s star-studded Housing Summit where “change” will certainly be st...
With the shutdown ongoing, and the big ticket econ data vanished into the void, there's little for the bond market to do apart from get its books in o...
Every now and then, a Thursday comes along where we have to set the record straight on what is actually going on with mortgage rates. That's because F...
Are you ready to change the time on your car’s clock, or leave it and let it be right again on March 8, 2026? Some technology is cool. Imagine control...
The simplest way to understand yesterday's post-Fed sell-off is as follows. The market's enthusiasm for 3 Fed rate cuts in 2025 had grown a bit too la...
Today was not a foregone conclusion and there was no way to know ahead of time that it would end like this, but the outcome is exactly why we've gone ...
Bonds are a hair weaker this morning with losses showing up in the overnight session and mostly flattening out in domestic trading. Without any big t...
"The U.S. Senate is considering a bill that would tax Botox. When Botox users heard this, they were horrified. Well, I think they were horrified. It's...
Rates have been flirting with long term lows over the past 2 weeks, but today made it official. Today's average top tier 30yr fixed rate perfectly ma...
First off, bonds are doing fine this morning. 10yr yields are technically higher on the day, but only when compared to yesterday's 5pm levels. As fa...
My cat Myrtle never liked Halloween, apparently believing it was for amateurs. Our nation has plenty of interesting historical sites related to ghosts...
Moderately Weaker With Only The Reopening to Blame
The government reopened on Thursday. Both stocks and bonds sold off moderately in response. The bond market weakness is in line with our expectations f...