Despite some ups and downs on a small scale, mortgage rates have been sideways in the bigger picture. That's a good thing if the latest refi applicat...
Time flies. We’re at “pi day” (3.14), two weeks until the end of the quarter, one month before our taxes are due. Tax returns for individuals are priv...
It's been an on-again, off-again week for bonds and several of their trading motivations. Economic data has played its part at times, but not in any ...
Mortgage rates hit their highest levels in just over 2 weeks yesterday and they were on track to remain unchanged today. In fact, the average lender o...
Teddy Roosevelt thought that lawyers are trained to serve clients and not justice. An interesting discussion topic. Residential lending certainly has ...
Seemingly overnight (i.e. over the past 30 days when it comes to markets reacting to economic data), the CPI and PPI inflation numbers that normally i...
Mortgage rates have moved up over the past 2 days, ultimately hitting the highest levels since February 24th today. While that sounds somewhat unplea...
Today's CPI came in lower than expected. That would normally help bonds rally, but they didn't seem too eager to do that. One explanation is that the ...
With fiscal and geopolitical developments dominating the news cycle, it would be easy to forget that interest rates prefer to take their primary cues ...
Bonds were initially stronger at the start of overnight trading in Asia, but began selling off at a fairly steady clip almost immediately. By the sta...
“Buying eggs on the street and weed in the stores: the times they are changing.” Borrowers are certainly reacting to changes in rates as capital marke...
Conventional 30yr fixed mortgage rates hit their lowest levels in months last Tuesday morning, with the average lender right in line with levels from ...
“Depression is merely anger without enthusiasm.” People flying around the nation have probably observed, or have heard, a change in the mood of airpor...
Over the weekend, Trump was asked if he was expecting a recession this year. He replied that although he hates to predict such things, "there is a per...
The average mortgage lender was briefly able to offer noticeably lower rates this morning compared to yesterday's latest levels. Credit goes to this m...
As we noted last week, the timing of the improvements in mortgage rates meant that the previous survey of mortgage applications from the MBA was unabl...
“If you boil a funny bone, it becomes a laughingstock. Now that's humerus.” What isn’t humer…, uh humorous, is a) most states losing an hour Sunday mo...
Today's jobs report was a mixed bag with the most important number also being the most boring. Headline job creation came in at 151k vs 160k, which i...
You may see conflicting news about mortgage rates today, depending on where you look. Weekly surveys, such as Freddie Mac's, are showing a fairly big ...
There are a few moving pieces to the bond market narrative on Thursday. The general backdrop consists of yield curve steepening (fancy words that mea...
“I recently saw a woman at Walmart with March Madness teeth... She was down to the final four.” Risk-free, prepayment-free Treasury rates have approac...
It's been a great couple of weeks for mortgage rates, largely mirroring the terrible couple of weeks for the stock market. A combination of downbeat e...
Wednesday marks the return of market-moving economic data after Tuesday's lull. ADP Employment was up first and it came out much weaker than expected...
Today involves a flight from Cancun to the West Coast. Maybe the news flow will cease for me in the six hours in the air, but the news flow impacting ...
Although mortgage rates are based on bonds, and although bonds are constantly on the move throughout the day, mortgage lenders prefer to set the day's...
While much of the recent improvement in the bond market can be tied to various economic reports, there's been more than a normal amount of improvement...
Some argue that “March 4th” is the only date that is also a command (march forth), while others disagree and say that any date in March is also a comm...
Mortgage rates faced a very small threat of a very small increase this morning. The underlying bond market was in weaker territory to start the day an...
Bonds began the day in moderately weaker territory with most of the losses seen right at the start of the overnight session in Asia. With it being th...
Can you believe it’s been five years since we were chuckling at, “I ran out of toilet paper and had to start using newspaper. Times are rough” and “Th...
After more than a week of consistent and meaningful improvement, mortgage rates finally showed us that they were at least capable of moving in the oth...
As is the case almost every week of the year, the Mortgage Bankers Association released its weekly mortgage app survey this week, showing the changes ...
The Census Bureau released new home sales data for January this week, and the annual pace was a seemingly significant 10.5% lower than last month's pa...
The massive spike and subsequent correction in home price appreciation (mid-2020 through early 2023) generated lots of opinions and concerns about the...
It's no secret that we don't view the PCE inflation data as being anywhere remotely as big of a market mover as CPI. Today's trading is adding anothe...
Here in Miami, and everywhere, lenders and real estate professionals are acutely aware of supply and demand impacting prices, as does anyone who buys ...
Stop the presses! Mortgage rates actually moved HIGHER today! While it's the first time we've been able to say such things since last Tuesday, the dam...
The National Association of Realtors released its Pending Home Sales Index (PHSI) today, which measures home purchase contracts that have been signed,...
Uneventful Friday, Even if Slightly Weaker
Friday's trading session was the most uneventful of the week. It began with moderate losses in the overnight session in concert with stock market gains. ...