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 ...
I don’t know where April went, but we’re at the end of it, and 2025 is 1/3 over. The future sure quickly becomes the past. In the book “1984” George O...
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...
Once again, bonds were modestly weaker overnight and once again, that weakness is being reversed in early trading. Whereas scapegoats were nowhere to ...
My cat Myrtle was always interested in both the primary and secondary markets… for line-caught halibut. In residential lending, the secondary markets ...
Mortgage rates ended last week at the lowest levels since April 7th. The average lender remained at those same levels at the start of business today,...
When getting a sense of what's happening in the bond market, it's frequently safe to ignore the last 2 hours of trading on Friday and the first 2 on M...
The news on mortgage rates has been frustratingly mixed recently, depending on the source. This is a factor of the various time frames and methodologi...
As is the case for the monthly data on New Home Sales from the Census Bureau, the National Association of Realtors (NAR) Existing Home Sales report do...
The Census Bureau released March New Home Sales data this week, and it was near the best levels seen since early 2022. Before you get too excited abo...
What if your client called the CFPB about a servicing issue, or any issue, and no one answered? Things are changing, but for a thorough write up on th...
Today's only scheduled economic report is Consumer Sentiment. Nonetheless, we would classify today as being "data free" because this is simply the fin...
Mortgage rates continue the slow, bumpy process of healing from the rapid rise seen 2 weeks ago. Last week was a solid victory in that sense with rate...
What's "normal" for the bond market? That depends how far back you want to look. Starting in late February, we had about a month of mostly sideways m...
“I hate it when I see an old person and then realize we went to high school together.” Nothing lasts forever, not top lenders or even computer compani...
So you want to buy a house but already own. These are your options. Many current homeowners would like to sell their home and trade up or down but ar...
Mortgage rates are an extension of the financial market, so it's no surprise that they've been more volatile than normal over the past few weeks as ma...
“I won a million dollars and donated a quarter of it to charity! I now have $999999.75 left.” Money can be funny… or not. In the past, a “flight to qu...
Two factors had been contributing more than others to drive bond yields higher as of yesterday. The broader, ongoing factor is/was the tariff/trade s...
In not so many words, last week's thesis was that "no news was good news" for mortgage rates. Specifically, an absence of major, unexpected developme...
If there was an overriding theme last week, it was that the absence of new tariff drama helped the bond market recover some of the previous week's wea...
“My boss pulled up in his brand-new BMW today and I couldn’t help but admire it. “Nice car,” I said as he got out. “Well,” he said, noticing my admiri...
Last week was a hopeful one for interest rates. The average top tier 30yr fixed mortgage rate fell more than 0.20% from the previous week's highs as ...
In the 1980s I fell off my bike and hurt my knee. I'm telling you this now because we didn't have social media then. It doesn’t take social media to k...
Heading into last week, we expected to be waiting until after the holiday weekend to get a better sense of the prevailing tone in financial markets. I...
The National Association of Homebuilders (NAHB) and Wells Fargo publish the Housing Market Index (HMI) each month, otherwise known simply as "builder ...
One would think that the pace of new residential construction largely mirrors the pace of filings for building permits. And while that is generally tr...
Mortgage rates managed to make a nice amount of progress this week after hitting the highest levels in roughly 2 months last Friday. The first 2 days ...
The Mortgage Bankers Association's (MBA) mortgage application survey was at the highest combined level since October in last week's data--a move large...
A week from today is “Take Your Child to Work Day.” Something tells me that it won’t be observed in U.S. Government offices. While we’re on family iss...
The market and market participants could use a break after everything endured over the past 2 weeks. This holiday-shortened week turned out to provid...
As markets digested implications of several fiscal policy changes over the past 2 months, a predictable trading pattern emerged. Stocks and interest r...
What a difference a week makes. The present example has been entirely different than the previous example in terms of volatility and directional movem...
“Every morning, I get hit by the same bicycle… It's a vicious cycle.” Double meanings aside, seasons and the earth’s rotation are cyclical, and Anchor...
Financial markets experienced relatively extreme volatility on several occasions following the April 2nd tariff announcements. The bonds that underlie...
In the context of the past two weeks, the past two days have been an anomaly. Not only have bond yields been moving lower, but they've done so in rela...
Here in San Diego at the CU:REALM event, Cotality’s Chief Economist Dr. Selma Hepp noted that consumer and business sentiment has already dropped and ...
Last Friday was notable in that it was the first day since February 19th where the average top tier 30yr fixed mortgage rate ended the day over 7%. La...
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...