In terms of line items, Wednesday morning is the week's most active morning for economic reports. Several of them were potentially important, but the net effect has been muted so far.  In fact, MBS are perfectly unchanged despite an initial sell-off at 8:30am.  Long story short, GDP was a bit better than expected after accounting f... (continue reading)

It's now been more than a week since mortgage rates ended the day higher than the previous day.  And we haven't recovered quite as much lost ground as 10yr Treasury yields, we're getting pretty close to fully re-entering the narrow range that persisted before the April 2nd tariff announcement.  Depending on one's worldview, tariffs could... (continue reading)