Tue, Jan 6 2026, 4:25 PM
Ending Near Unchanged Levels After Early Head Fake
Trading volumes confirm that bonds are 100% back in actio...
Tue, Jan 6 2026, 3:53 PM
Mortgage rates have been effectively unchanged for 5 straight days now. During that time, the MND 30yr fixed rate index hasn't moved by more than 0.01...
Tue, Jan 6 2026, 11:54 AM
As it turns out, not everyone has a loan on their house. In fact, 40 percent of U.S. homes don’t have a mortgage, per the Census Bureau. Should I repe...
Tue, Jan 6 2026, 9:54 AM
A range trading theme has dominated the bond market since the most recent high yield on December 10th and the most recent low the following day. 100% ...
Mon, Jan 5 2026, 4:19 PM
Bonds Improve Back to Pre-Holiday Levels
While there was some relevant econ data today (ISM Manufacturing), ...
Mon, Jan 5 2026, 3:52 PM
The two days of 2025 with the lowest rates were September 16th and October 28th. Both days happened to be the Tuesdays that preceded Fed rate cuts. On...
Mon, Jan 5 2026, 11:41 AM
Redfin is calling next year the beginning of “The Great Reset,” when wages will grow faster than home prices for the first time since 2008. Eventually...
Mon, Jan 5 2026, 10:20 AM
By 10am ET, today's trading volume has already surpassed that seen on December 23rd and 26th (both full trading days)--proof positive that the market ...
Fri, Jan 2 2026, 3:52 PM
Modest Incidental Weakness
Despite a bit of incidental selling today, the bond market has survived the winte...
Fri, Jan 2 2026, 3:27 PM
Heading into the week, we knew there was a high bar for any legitimate mortgage rate fireworks. In addition to a dearth of scheduled events with the p...
Fri, Jan 2 2026, 11:40 AM
Credit Union and Real Estate Agent Relationship A November webinar featuring Telhio Credit Union Loan Officer Allie Hager and Realtor Kelly Hamilton...
Fri, Jan 2 2026, 10:47 AM
Friday is merely a day to be watched in case it misbehaves. The econ calendar is essentially empty (just S&P manufacturing PMI), overnight volatility ...
Wed, Dec 31 2025, 1:24 PM
Token Year-End Volatility
Wednesday's shortened session offered more excitement than the first two days of t...
Wed, Dec 31 2025, 1:10 PM
Although Freddie Mac's weekly mortgage rate survey (released today) suggested the lowest rates since October 2024, our daily numbers offer a bit more ...
Wed, Dec 31 2025, 11:40 AM
Lender and Broker Services, Products, and Software “At Optimal Blue, we’d like to take a moment to say THANK YOU to the incredible clients and partn...
Wed, Dec 31 2025, 8:56 AM
Human traders may be extremely underrepresented on today's half-day trading session, but the robots/algos know what to do with a sub-200k Jobless Clai...
Tue, Dec 30 2025, 3:23 PM
Modest Recovery From Morning Weakness
Bonds were slightly weaker this morning in a move that looked like it ...
Tue, Dec 30 2025, 3:11 PM
Mortgage rates continue operating in an excruciatingly narrow range near their lowest levels of the past few years. Yesterday was the 6th best day of ...
Tue, Dec 30 2025, 11:41 AM
Loan originators are acutely aware of demographics (“know your borrower,” right?). Naming generations is relatively recent, and then-People Magazine E...
Tue, Dec 30 2025, 10:58 AM
If we turn up the magnification on our market-watching microscopes, it may seem like something important happened in the bond market overnight. 10yr y...
Mon, Dec 29 2025, 4:26 PM
Uneventful And Slightly Stronger
Although volumes picked up a bit versus Friday, no one would confuse the la...
Mon, Dec 29 2025, 3:31 PM
With another holiday closure on deck and light calendar of events, the rate market is off to another uneventful start this week. In fact, the average ...
Mon, Dec 29 2025, 11:48 AM
Some percentage of readers reading today’s Commentary are doing so from an airport in the Northeast, waiting for their delayed flight to depart. Wheth...
Mon, Dec 29 2025, 10:26 AM
In addition to this week's holiday closure (early close Wednesday, fully closed Thursday), the econ calendar is also lacking in terms of potential so...
Fri, Dec 26 2025, 3:17 PM
Bonds End Unchanged After Another Quiet Session
This is essentially placeholder commentary to serve as Frida...
Fri, Dec 26 2025, 3:00 PM
Because mortgage rates are determined by the bond market, a boring market day typically translates to a boring mortgage rate day. But that's not entir...
Fri, Dec 26 2025, 11:51 AM
Lender and Broker Services, Products, and Software In an open letter reflecting on a landmark 2025, Polly Founder and CEO Adam Carmel shares a power...
Fri, Dec 26 2025, 10:58 AM
Although the bond market is technically open today, it might as well not be. Late year holidays (Thanksgiving, X-mas, New Year) depress volume and liq...
Wed, Dec 24 2025, 1:18 PM
Decent Gains With Some Help From 7yr Auction
You know it's a holiday with an early closure if we're talking ...
Wed, Dec 24 2025, 1:01 PM
It was a short day for the bond market that underlies mortgage rates, but a good one. A side effect of holiday weeks and early market closures is a bi...
Wed, Dec 24 2025, 11:44 AM
Lender and Broker Services, Products, and Software “What would 50-100 bps more per jumbo loan mean for your team? Winning in today’s market takes mo...
Wed, Dec 24 2025, 9:26 AM
While many government employees have the day off today and Friday, these are not new, official Federal Holidays. As such, the bond market is open on t...
Tue, Dec 23 2025, 4:43 PM
Stunning Display of Holiday Trading Weirdness
GDP for Q3 may be ancient history as far as econ data goes, bu...
Tue, Dec 23 2025, 4:11 PM
Mortgage rates have broadly been in a narrow holding pattern for the past 4 months and an even narrower range during December. Today will do nothing t...
Tue, Dec 23 2025, 11:52 AM
Will rates impact the latest MBA origination forecast of $2.2 trillion next year? Sure, although… The Federal Reserve has cut overnight rates, but lon...
Tue, Dec 23 2025, 9:54 AM
We've spent the past several days reiterating and lamenting the onset of the holiday trading doldrums--a time of year that sees vastly lower volumes/l...
Mon, Dec 22 2025, 3:57 PM
Range-Bound Cruise Control, PM Edition
Bonds came into the domestic session at slightly weaker levels and he...
Mon, Dec 22 2025, 3:21 PM
Mortgage rates are tied to movement in the bond market and bonds were close enough to Friday's levels that mortgage rates were essentially unchanged t...
Mon, Dec 22 2025, 11:48 AM
As we approach the end of the year, we’re seeing the usual interest in other opportunities, especially if pipelines aren’t full or management is deali...
Mon, Dec 22 2025, 10:34 AM
2025 is effectively over when it comes to meaningful shifts in the bond market. The coming days will be so heavily-affected by light volume/liquidity ...
Fri, Dec 19 2025, 4:33 PM
Bond Market in Holiday Mode
Holiday mode is impossible to clearly define when it comes to its impact on the ...
Fri, Dec 19 2025, 4:09 PM
It ended up being a fairly uneventful day for mortgage rates despite scattered speculation about the impact of foreign monetary policy decisions. The ...
Fri, Dec 19 2025, 1:55 PM
Existing-home sales extended their recent stabilization in November, rising 0.5% to a seasonally adjusted annual rate of 4.13 million , according to ...
Fri, Dec 19 2025, 1:39 PM
The December National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) edged up one point to 39. This is the 3rd straight mo...
Fri, Dec 19 2025, 1:33 PM
Seasonally adjusted mortgage application activity declined 3.8% last week, according to MBA’s Weekly Mortgage Applications Survey for the week ending ...
Fri, Dec 19 2025, 11:45 AM
Lender and Broker Services, Products, and Software Newrez Wholesale has enhanced its partner protection program with Newrez Broker Protect, deliveri...
Fri, Dec 19 2025, 10:12 AM
There was a fair amount of momentum among financial news sources regarding the potential significance of last night's Bank of Japan (BOJ) announcement...
Thu, Dec 18 2025, 4:53 PM
Limited Follow-Through After Shockingly Big Miss
If you told the average trader that today's core CPI would ...
Thu, Dec 18 2025, 3:44 PM
Officially, there were 2 days at the end of November where the average lender's 30yr fixed rates were just a hair lower (0.02% difference). Otherwise...
Thu, Dec 18 2025, 11:51 AM
Lender and Broker Services, Products, and Software “The federal quality control standards under Dodd Frank for automated valuation models (AVMs) req...
