For all practical purposes, Friday's mortgage rates were unchanged versus Thursday's, but if we're splitting hairs, the average lender rose 0.01% to 6...
Residential construction pulled back in July as housing starts and completions declined from June levels, while building permits rebounded. The latest...
LOs tell me that they are counseling potential borrowers. “If you’re in the market for a home, focus on the things you can control. Save for your down...
Pending home sales declined again in July as elevated mortgage rates and record-high home prices continued to weigh on buyer demand. The National Asso...
Builder sentiment improved slightly in August, but confidence in the market for newly built single-family homes remained subdued as elevated mortgage ...
Mortgage application activity was little changed last week as higher mortgage rates continued to weigh on purchase demand. The Mortgage Bankers Associ...
Bonds were a hair stronger overnight and are now a hair weaker at 9:15am ET. They may flip back and forth a few more times before the close. Ultimatel...
While Freddie Mac's weekly mortgage rate survey may show rates moving slightly lower this week, today's rates are actually higher than they were at th...
Lender and Broker Software, Products, and Services Automating individual tasks isn't the same as transforming mortgage operations. Real efficiency c...
The correlation between bonds and fuel prices was already creeping back into the picture yesterday. After the Treasury buyback announcement got all of...
Mortgage rates dropped on Wednesday due to a combination of lower oil prices and the announcement of changes to Treasury's bond buyback program. The ...
Everyone is racing to bolt AI onto their lending process. QAwerk's Konstantin Klyagin says most of them are skipping the boring part that actually mat...
At 8:30am, Treasury announced it would double the size of the existing buyback program from $2 to $4 billion for 10-30yr maturities. This sounds like ...
Mortgage rates rose for the third straight day on Tuesday with the average top-tier 30yr fixed rate moving up a modest 0.02% to 6.75%. Notably, the bo...
While Lake Powell and the Colorado River are at their lowest levels ever, and states like Minnesota, Oregon, and Washington are in a drought, would yo...
Big picture momentum has been calmly but clearly skewed toward higher yields for almost 10 months. There have been a few attempts to bounce at technic...
After ending last week near the lowest level since July 17th, mortgage rates are moving up to start the new week. Motivations are familiar. Escalation...
Some aren’t a fan of new federal escrow laws. Ten states have sued the Office of the Comptroller of the Currency over new federal rules that would pre...
It's just another day in post-Iran-war 2026. As such, bonds are taking cues from fuel price volatility which is in turn taking cues from the latest wa...
Existing-home sales remained relatively stable in July despite elevated mortgage rates, with activity declining modestly from June while remaining abo...
Mortgage application activity rebounded last week as a moderate decline in mortgage rates provided some relief for both homebuyers and homeowners cons...
First, the bad news: mortgage rates ended the day just a hair higher compared to Thursday, but the change was so small that many borrowers will see li...
If you think that profit per loan, or gain per unit, is based purely on size, think about this short video. “Profit” can also be a personal measure in...
Based on a few research papers that have attempted to quantify the impact of various economic reports as well as the general consensus among economic ...
Mortgage rates dropped noticeably on Thursday on a combination of lower oil prices and a lower inflation reading via the Producer Price Index (PPI). R...
Innovation, compliance, and affordability were key themes at this week’s Western Secondary. At the state level, for example, Kinder Institute report s...
If nothing else, this morning offers confirmation of just how nervous the market is about inflation. The producer price index barely beat its forecast...
Mortgage lenders set rates around 10am ET every day, but the bond market dictates the day to day changes, and bonds were on the move throughout the ov...
One of the panels during this year’s California MBA Western Secondary focused on the ramp up of non-Agency/equity lending. Why has it increased as a p...
It would have been hard for CPI to be any more boring. All key metrics came in perfectly in line with forecasts. Supercore (core minus housing), was 0...
It ended up being a remarkably uneventful day for mortgage rates. Some lenders were slightly higher than yesterday. Others were roughly unchanged. The...
What are folks talking about here at the Western Secondary? Small things and big things. There’s a brand-spankin’ new private MI company: Anza. (Conta...
Bonds are rallying, and we have no objection to that. Reasons are simple and familiar enough that there's no sense in over-analyzing them. Newswires h...
As of last Friday, average top-tier mortgage rates hit their lowest levels since July 20th. If they'd managed to drop even 0.01% today, it would have ...
Here in the hallways at the Western Secondary in L.A., there isn’t a lot of talk about GSE reform, although this short clip from Sam Valverde, ex-acti...
Recent experience suggests the safest assumption about oil prices and bond yields is that they will pop and drop with reasonable regularity. In other ...
Mortgage rates dropped moderately today after the latest jobs report showed much lower jobs created than expected. The monthly jobs report is one of ...
Mortgage application activity declined for a second consecutive week as higher borrowing costs continued to weigh on both purchase and refinance deman...
As many of us prepare to head to So Cal for the California MBA’s Western Secondary (800 or so registered), artificial intelligence continues to be the...
Nonfarm payrolls (NFP) FELL 23k versus an 80k forecast. Last month was revised down as well. From a traditional market-watching perspective, this is ...
Incidental Weakness. Bigger Considerations on The Horizon
Without any data or compelling market movers, bonds came into the day light on inspiration. Low volume/liquidity left the door open for any determined...