The average top tier 30yr fixed rate is set to end the week just a few hundredths of a percent higher than last Friday at 6.92%. That's a victory--al...
The Census Bureau is out with monthly construction numbers for April showing an uptick in construction activity offset by slightly lower permitting. ...
The National Association of Homebuilders (NAHB) and Wells Fargo released the monthly Housing Market Index (HMI) this week, showing builder confidence ...
Home purchase demand improved improved last week according to the MBA mortgage application survey. The improvement over the previous week was fairly m...
This weekend is when many of us head to Manhattan for the MBA’s National Secondary event. For those flying in, check your ticket: NJ Transit’s on stri...
One might assume that an economic report like Import Prices would carry a lot of weight in light of the news cycle or that the highest 1yr inflation e...
Mortgage rates have done almost nothing but move higher in the month of May. The latest bump--seen yesterday--took the average top tier 30yr fixed rat...
“There’s a splendid saying about the definition of an economist being someone who “will know tomorrow why the things they predicted yesterday didn't h...
This morning's market action is quickly helping us understand the enigmatic trading seen yesterday (i.e. a sell-off without any great scapegoats). Re...
In early April, amid the most volatile portion of the market's reaction to the tariff announcement, mortgage rates were officially over 7% for a singl...
It's a potentially frustrating time for bond watchers. The rules have already changed in a big way to accommodate the new wild card presented by tarif...
As Roy Cohn once instructed a young Donald Trump, much can be accomplished by attacking first and dealing with the consequences later. I get opinions ...
Tuesday brought the release of an economic report that has frequently been responsible for big swings in mortgage rates. The Consumer Price Index (CPI...
Heading into the session, we knew there was a high bar for CPI to have a positive influence on bonds with the future tariff landscape reducing the rel...
No one in places like Florida or Myrtle Beach or Colorado’s Glenwood Springs wants to wake up to a headline, sensationalist or not, saying, “Vacation ...
Tariffs and trade policy have been a new and important consideration for the bond market for just over a month now. That matters to mortgage rates bec...
10yr yields were up 8bps overnight to the highest levels since April 11th after weekend trade talks between the US and China resulted in significant r...
Nearly a thousand of us head to Manhattan in less than a week for the MBA’s Secondary Conference. In 2025 Q1, the median asking rent in New York City ...
Whether it's today vs yesterday, or today vs the end of last week, the average top tier 30yr fixed mortgage rate is just a hair lower. Today's improv...
A glance at today's economic calendar quickly reveals that Fed speeches are the only game in town in terms of scheduled events. But what can the Fed ...
Here’s something that our Fed can’t do anything about, inflation-wise: coconut prices have doubled due to extreme weather events. (More on weather and...
Mortgage rates moved back up to the higher levels seen earlier this week after the official announcement of a trade deal between the U.S. and the U.K....
Bonds mostly lost ground in the overnight session, and then lost just a bit more ground after the 8:30am econ data. This consisted of Jobless Claims ...
“Why did the homeowner take so long in remodeling his home? He had trouble with da siding.” There are LOs, or correspondent investors, who have spent ...
There's nothing like a Fed announcement day to get almost every media outlet to run headlines that attempt to tie the day's market movement to the Fed...
Recent Although swings in net exports have affected the data, recent indicators suggest that economic activity has continued to expand at a solid pa...
Wednesday begins with bonds battling back from modest overnight weakness (now moving into modestly stronger territory), but not for any particular rea...
Most good loan originators are keenly aware of demographics in their area. Aren’t you tired of talking about a lack of inventory and builders’ supply ...
Mortgage rates were unchanged for the average lender this morning, thanks to a modest improvement in the bond market overnight. Rates were on course ...
This is the month of the MBA’s National Secondary in Manhattan. For some trivia, the nickname "The Big Apple" originated in the 1920s in reference to ...
Bonds have been on both sides of unchanged so far today. The overnight session began with slightly higher yields followed by a gradual rally. By 9am ...
Mortgage rates faced a slight headwind on Monday as economic data caused weakness in the bond market. This would typically result in higher mortgage r...
Today celebrates Mexico’s victory over France in the Battle of Puebla on May 5, 1862. (In this country, Hispanic home ownership rates continue toward ...
The ISM Services PMI is this morning's key data, and arguably, the most relevant economic report of the week. Last week's ISM Manufacturing data wasn'...
Mortgage rates had a nice little run, moving down from last Monday's highs of 6.98% (average, top tier 30yr fixed) to a mid-week low just over 6.80%. ...
Both of the major purveyors of home price indices have been in agreement for the better part of a year that the average home is appreciating between 4...
Mortgage rates were in the process of falling by the end of last week, but they made additional headway during the first half of the present week. Th...
Fortunately for the readers of this Commentary, we don’t receive federal funding, so it won’t be cut… Unlike groups like NPR and PBS which the Trump A...
It is shaping up to be a straightforward morning for the bond market. There was a justified and logical amount of anticipation for today's numbers and...
Moody's Pulls Pin And Walks Away With 10 Minutes Left to Trade
Bonds began the day stronger after a gentle overnight rally. Selling commenced at 9:30am for the 4th day in a row and picked up slightly after th...