Average mortgage rates drifted slightly higher to end the week, though they remained under the levels seen on Monday and Tuesday. Even then, none of t...
Seasonally adjusted mortgage application activity edged 1.4% lower last week according to MBA’s Weekly Mortgage Applications Survey for the week endin...
Recently I paid over $10 for a simple Oscar Mayer 12-ounce package of bacon. Jerome Powell, help me! Well, the U.S. Federal Reserve doesn’t set bacon ...
If there's one resounding theme in the bond market this week, it's that trading momentum marched to its own beat with almost zero regard for the avail...
Today's mortgage rates a just a hair higher than yesterday's and although yesterday's rates were reasonably close to last Friday's, they were still de...
“No plan survives contact with the enemy.” While Freddie rolled out its AI plans, for some lenders, mortgage companies owned by builders, and the buil...
Bonds were already slightly weaker in the overnight session, but the Jobless Claims data won't be any help. Initial claims fell to 191k--the lowest t...
Mortgage rates improved more noticeably today, and while the average rate isn't quite as low as it was last week, it's fairly close. Rates are based...
Both Dick Van Dyke and Mel Brooks turn 100, Dick in less than two weeks and Mel next summer. 100 years is a long time, and it’s a big number. Despite ...
10yr yields are almost 4bps lower in early trading and the ADP employment report came in at -32k vs a +10k forecast. The logical conclusion would be t...
Unlike Monday, which saw a fairly brisk move toward higher rates, Tuesday barely budged. Additionally, the budging occurred in a friendly direction wi...
The early days of a new trading month and the positioning ahead of next week's Fed announcement have resulted in clear curve trading biases. In Engli...
I don’t know about you, but a hot shower or bath always sounds good. Tech wizards, however, have created a human washing machine. I’ll pass. At this p...
Mortgage rates are based on bonds and the bond market is prone to erratic behavior on major holiday weeks. One of the more common patterns is for the ...
A buddy from Kentucky wrote to me, saying, “Statistics show that the average person has sex 89 times per year. Looks like I'm in for a pretty wild Dec...
Bonds are sharply weaker to begin the new week and the new month. This is the first (and probably best) clue as to the nature of this morning's market...
As is most often the case, the Friday after Thanksgiving added nothing interesting to mortgage rate momentum. The average lender's top tier 30yr fixe...
When did our business start with the catchy slogans? Stay alive in ’25? Stay in the mix in ’26. It’ll be heaven in ’27. How about, “Try to earn a litt...
Wednesday was far less eventful than the first two days of the week as far as mortgage rates were concerned. The average lender raised rates just a ha...
The new phone books are here, the new phone books are here! Oh, wait a minute. The new conventional conforming loan limits are here! The new conventio...
Bonds were just slightly weaker overnight but are losing more ground in early trading. The culprit: both of this morning's 8:30am ET economic release...
Mortgage rates moved nicely lower on Tuesday with the average lender very close to the 2025 lows seen in late October. These levels are effectively ri...
Both the FHFA and the S&P/Cotality Case-Shiller home-price indices released new data this week. The message remains consistent: home prices are still ...
Want better affordability? Lower house prices certainly helps, and this article states that more than half of homes in the United States have fallen i...
ADP's weekly employment report showed another contraction at -13.5k, but unlike last week, no one seems to care. We also got the delayed release of Re...
Thanksgiving weeks can be weird for mortgage rates. This has to do with the fact that rates are dictated by the bond market and the bond market depend...
“Remember to bring up politics at Thanksgiving to save some money on Christmas presents.” “What do tornadoes and Tennessee divorces have in common? So...
It's a data-free Monday on a holiday-shortened week and there aren't any high-impact headlines or massive stock swings to spark any serious bond marke...
Recent stock market losses have gotten a lot attention in the news recently. While there's no reliable correlation between stocks and interest rates, ...
Existing-home sales posted another modest gain in October, rising 1.2% to a seasonally adjusted annual rate of 4.10 million , according to the Nation...
Mortgage applications moved lower last week as rates continued drifting higher for a third straight week. MBA’s Weekly Applications Survey for the wee...
Builder confidence levels are still kicking the same sad little can down the road, just with slightly more enthusiasm. The November National Associati...
“Six cows were smoking joints and playing poker. That's right: The steaks were pretty high.” The steaks, uh, stakes, are high when changes to our hous...
It was a pretty straightforward overnight session with a very high degree of correlation between bond yields and stock prices. The final leg of the ra...
Yesterday, we discussed the fact that mortgage rates were heading into Thursday with a disadvantage (for most lenders, anyway). This had to do with th...
“Here we are, a week away from Thanksgiving, and I’m in Kansas City. My family told me to stop telling Thanksgiving jokes, but I said I couldn’t quit ...
It's shaping up to be a "no whammies" sort of morning for the bond market. There's no denying that the jobs report was a highly tradeable event. The ...
It was a complicated day for mortgage rates. Officially, at the time of this article, the average top tier 30yr fixed rate is a hair lower than it wa...
Technicals Help Reconcile Selling Pressure
In the realm of market commentary, technicals are a vastly overused explanation for past movement, let alone for the prediction of future movement. In this week's ca...