There's been remarkably little change in mortgage rates so far this week. Monday saw a modest increase vs Friday, but since then, there's been essenti...
“Rob, everyone knows that the GSEs (Freddie Mac and Fannie Mae) don’t use credit scores for loan approval. They use it for pricing. The GSEs have crea...
Most understand this, but some forget: CPI numbers on econ calendars are not prices. They're the change in prices. We bring that up in case anyone thi...
Mortgage rates put an end to the most recent spike that followed last Friday's jobs report. Most of the upward movement happened on Friday, but yester...
“Rob, have you heard that retail and DTC lenders have stepped up their training and monitoring of loan officers?” Absolutely. The same granular examin...
For the second day in a row , bonds are starting out in modestly stronger territory, but let's hope we don't repeat yesterday's performance. That left...
The average top-tier 30yr fixed mortgage rate rose 0.08% last Friday after the jobs report came in much stronger than expected. Today added another 0....
Remember when talk of a “re-IPO” of Freddie and Fannie dominated residential lending news? That has certainly quieted, Pulte’s attentions are diverted...
Things got a bit worse before they got better over the weekend. 10yr yields were as high as 4.58% in overnight trading, but are now roughly unchanged ...
Over the past three months, mortgage rate movement has been driven primarily by developments in the Iran war. It's not that war, itself, is a consider...
Mortgage applications eased again last week even as borrowing costs moved lower, suggesting that modest rate relief was not enough to bring borrowers ...
Today we’re going to learn about the facts of life. Trivia-loving basketball facts’ fans know that this is the first time the NY Knicks have led in th...
Buzz has been growing around the labor market for the past several months, but today's jobs report went the extra mile to make it official. The job ma...
After hitting long-term highs on May 19th, mortgage rates dropped somewhat quickly by May 26th. Ever since then, they've been moving back and forth in...
Lender and Broker Products, Software, and Services There’s been plenty of chatter lately about lenders trying to rebuild realtor referral pipelines....
The following newswire hit about an hour before the open: TRUMP: US IN THE MIDDLE OF FINAL NEGOTIATIONS TO END IRAN WAR. Bond yields and oil prices h...
Imagine being stuck at home watching TV for 3 months and only being able to stream one show. That's been the case for the bond market (which dictates ...
The latest and greatest with FHFA Director Bill Pulte (happy 38th birthday last week!) is that President Trump tapped him (more below), to be the acti...
Iran launched missiles at several U.S. allies yesterday afternoon and oil prices responded accordingly with a move back up to May 22nd levels. Treasur...
It was an uneventful day for the bond market and, thus, mortgage rates. Unlike the average trading day of late, there were no conspicuous war-related ...
Those in the Northern Hemisphere are moving toward summertime already, it being June. The calendar is always changing, as is the corporate landscape. ...
We saw big ticket econ data move the needle a bit last week and have thus been prepared for this week's big ticket reports to have a similar chance to...
Following last week's relatively strong move to the lowest levels since May 14th, mortgage rates bounced slightly higher to start the news week. The m...
While M&A continues (the latest example being Berkshire Hathaway buying homebuilder Taylor Morrison for $8.5 billion!), I find myself in San Juan Capi...
Last week's focus for war-related headlines involved various attempts to hone in on just how close we were to a confirmed preliminary peace deal. The ...
While there are still a few hours left in the trading day, it's a near certainty that this week will end with mortgage rates at meaningfully lower lev...
New home sales pulled back in April after stronger readings in the prior two months. According to the latest Census Bureau and HUD data, sales of new ...
Mortgage applications fell sharply last week as higher borrowing costs continued to pressure refinance demand, while purchase activity showed a bit mo...
U.S. home foreclosures are accelerating: filings rose 26 percent year-over-year in Q1 2026, to roughly 119k, the highest in six years. It’s expensive ...
Bonds were flat overnight for a change, with just a bit of 2-way volatility but no notable directional movement. Without any new or interesting war-re...
We were close yesterday and we officially arrived today. Mortgage rates may still be elevated compared to almost all of the past 10 months, but they'r...
What is something that small and mid-sized lenders can’t offer? Chase rolled out a program for borrowers to earn 100,000 Chase Points. (Bilt and UWM r...
There's a supertanker load of data this morning with some apparently interesting results, but the market remains focused primarily on supertankers bei...
Early in the trading session, the bond market began improving in response to more updates on a potential Iran peace deal. When bonds improve, rates fa...
How ‘bout this one: A firefighter went to the college graduation ceremony for a baby he helped deliver many years ago. Loan originators can be involve...
It seems that we've seen slight variations on the same peace deal news for the past several days. That's probably because there is an actual peace dea...
Although mortgage rates are still relatively close to their highest levels in 9 months, they continue moving lower after hitting those highs as the be...
War Headlines Cause Mid-Day Reversal
Bonds started the day inconsequentially weaker and picked up some gains after CPI came in a hair lower than expected at the core level. Just before noon, yields began risi...