Mortgage rates were effectively unchanged on Thursday with the average lender very close to the best levels in over a year. But when it comes to the u...
Economies and strategies impact various groups differently. Remember Mervyn’s, Montgomery Ward, or a dozen other large department stores that are no l...
Everything's relative when it comes to rates being high or low, but let's agree that the past 2 years have relentlessly driven home the notion of an i...
Mortgage rates were perfectly unchanged today, on average. With that, they remain in line with the lowest levels in more than a year and very close t...
Think back to October 17th. MBS opened slightly weaker and ended the day down about an eighth of a point. That was the last time we had a weaker star...
“Why did the Tibetan Monks go to Las Vegas? They are very good at games of chants.” One topic among hallway chats with lenders here at the MBA Annual ...
The bonds that underly mortgage rates were only slightly stronger today, but that's never a bad thing when they closed near the best levels in a year ...
On the one hand, there's not much going on for the bond market these days. The jobs report is a flat-out requirement in terms of informing major chan...
“What do Costco and Las Vegas have in common? You go to buy a gallon of milk, and it costs you $285.” There isn’t a lot of autumn foliage here in Las ...
Mortgage rates ended last week at the lowest levels in just over a month. It was the 3rd best day in over a year and the 24th best day in over 3 years...
New week. Same grind. We're waiting (likely for a good while longer) for the government shutdown to end before the most relevant econ data can truly e...
“Why did the Dalai Lama go to Las Vegas? Because he loves Tibet.” Here at the “MBA Annual,” the puns may not be flying, but there is news bouncing off...
The average top tier 30yr fixed rate was unchanged on Friday despite the bond market being slightly weaker. Normally, weaker bonds mean higher rates, ...
By process of elimination and ongoing forensic efforts, it's becoming more and more clear that yesterday's mystery rally in the short end of the yield...
Under the category of careers that are, or will be, impacted, by artificial intelligence, attorneys are inevitably on it. Here’s a tale of a lawyer ca...
Despite a stark absence of any truly inspiring events, interest rates have managed to put in two fairly serious days of movement. In today's case spec...
“I was gambling in Las Vegas; I took a little risk. Send lawyers, guns, and money, Dad, get me out of this!” Hopefully, no one heading to LV tomorrow ...
There were quite a few economic reports that would have been released this morning were it not for the gov shutdown. OK, well only 3 notable absences...
Mortgage rates are based on bonds and bonds are trading at their best levels since September 17th. Of course there are different kinds of bonds, so w...
While the debate rages on about whether the three colors of candy corn taste different, at the other end of the tech spectrum, lenders are weeding out...
Stocks have made a bit of a round trip since last Friday when Trump's tariff comments sparked a big sell-off. Bonds benefited from that at the time. ...
Mortgage application activity declined again last week, though the drop was more moderate than the prior week’s pullback. According to MBA’s Weekly Ap...
Last week ended with mortgage rates dropping to their best levels since September 17th. Over the weekend, the underlying bond market maintained the ga...
“Where do amputees get prosthetics on a budget? The secondhand store.” Budget, stalemate, and shutdown news continues in Washington DC. The sun still ...
Bonds are flashing red on the screen (depending on when you look), but even at their weakest levels of the morning, we'd still consider this a stronge...
Mortgage rates saw their biggest day-over-day decline of the past several weeks today in response to unexpected news regarding additional tariffs on C...
Mortgage application activity declined again last week as refi demand continues pulling back after the surge in mid September. According to MBA’s Week...
The stalemate & shutdown continue, all but eliminating the government release of economic news. Recall that the U.S. Treasury posted a $345 billion bu...
At the start of the week, we noted Japanese political developments as a key reason for overnight losses on Monday morning. This had to do with Takaich...
It's getting pretty tough to weave an interesting narrative on mortgage rates over the past 3 weeks. During that time, they just haven't changed that ...
“Two lawyers walk into a pub. They order a couple of drinks and take subs out of their brief cases. They begin to eat. Seeing this, the angry pub owne...
With Jobless Claims on hold due to the shutdown, bonds are forced to endure another data-free morning. The calendar offered a glimmer of hope with a P...
Mortgage rates technically ticked a hair lower today, but it's more accurate to view them as being broadly sideways. Some lenders issued improvements ...
We’re sailing through autumn. Places like Seattle and Minneapolis are losing 3-5 minutes of sunlight a day. Donald Trump told Congress to end changing...
While there are a smattering of Fed speakers on the calendar today, the morning comments are not likely to have an impact. In fact, the average Fed sp...
Mortgage rates have been in a very narrow range for nearly 3 weeks with the last major move seen on September 17th and 18th following the Fed rate cut...
10yr yields drifted up toward the 4.20% technical level overnight but buyers showed up at the 8:20am CME open. The initial recovery looks more technic...
President Trump has recommended that publicly held companies only report earnings every six months instead of every three. Don’t stockholders deserve ...
CPI Just as Risky as Usual--Perhaps More So
Bonds sold off on Thursday in a move that was as easy to chalk up to position-squaring ahead of CPI than anything else. The recent uptick in oil prices is also...