Fighting intensified today between the U.S. and Iran. Oil prices moved higher fairly quickly and bond yields followed. This has been a common pattern ...
I don’t know where August went, but it went somewhere. We’re now two thirds of the way through the 3rd quarter of 2026. Lenders and vendors are adapti...
Bond yields broke long term highs yesterday and are moving slightly higher again today. In both cases, we're NOT seeing the same level of intraday cor...
Bonds lost ground today, largely due to mechanical, month-end trading (i.e. not due to economic data, inflation, or news headlines). When bonds lose g...
Grammar is important. Let’s not forget the comma… the difference between “I want you to eat, my friend” and “I want you to eat my friend.” Let’s not f...
Bonds were actually a hair stronger at the open, but quickly tanked just after 8am. The nature of said tankage is strongly suggestive of month-end pos...
Jackson Hole is a place in Wyoming, but it's also shorthand for an annual event where various central bankers get together and talk about monetary pol...
Mortgage application activity softened last week, with both purchase and refinance demand moving lower as mortgage rates climbed to their highest leve...
The new home market struggled to maintain the momentum seen in June, with sales falling sharply in July and inventory moving higher. The latest Census...
STRATMOR’s 2026 Technology Insight® Study Lender Intelligence Survey is now open, giving mortgage lenders a chance to share their firsthand experience...
In an attempt to not force another "Warsh" or "Jackson Hole" headline (because it's a coin flip as to whether it will matter), the calendar offers up ...
Mortgage rates barely budged again on Thursday, but there was far less data to digest compared to Wednesday. Bonds (which dictate rates) were steady t...
Thank you to the folks who wrote to me about their concerns with the Reno fire, knowing my ties there (my place is safe). On a broader scale, as of Au...
While it may end up being a complete non-event, the bond market is counting the hours until Friday's Warsh appearance at Jackson Hole. There's nothing...
Intraday volatility in the bond market can make it tricky to track day over day changes in mortgage rates. Lenders publish the day's first rates based...
Hackers intercepted about 103 bank regulators’ e-mails for more than a year, gaining access to highly sensitive financial information, according to tw...
To be fair, not all of the PCE data was higher than expected, but none of the top line numbers were lower than expected. Core PCE was on target (notab...
Fuel prices continue dictating most of the day-to-day momentum for interest rates and today was a notable example. Early this morning, news reports su...
Zillow and Redfin settled their FTC antitrust case, as we figured they would, and certainly technology was involved. With the increase in artificial i...
No point in wasting time/words on analysis when cause and effect remains so simple. After news regarding potential progress is peace negotiations, an ...
Mortgage rates are based on bonds, but whereas bonds improved slightly from Friday's levels, mortgage rates are microscopically higher for the average...
“People make their wealth out of one investment. People keep their wealth by diversifying their investments.” Owning mortgage servicing rights has cre...
Once again, Treasury is out with news about bond buying plans with two officials saying the Treasury General Account (TGA) could be used to fund long-...
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...
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...
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...
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...
More War. More Selling
Tuesday was as straightforward as it was unpleasant for the bond market. Mid-day news regarding new air strikes in Iran caused an immediate reaction in oil prices. This was more than en...