Today, 4:42 PM
Why Bonds Sold Off Despite Weaker Jobs Report
First off, read the AM commentary if you haven't already. This...
Today, 4:09 PM
Mortgage demand shocked no one by declining last week as mortgage rates climbed to their highest level in nearly three years. The Mortgage Bankers Ass...
Today, 3:44 PM
Home prices picked up a little more speed in July, as both FHFA and the S&P Cotality Case-Shiller Home Price Indices showed stronger annual apprec...
Today, 3:03 PM
Mortgage rates rose 0.04% today to an index value of 7.57% for a top-tier 30yr fixed scenario for the average lender today. That uptick in and of itse...
Today, 11:29 AM
“A clear conscience is usually the sign of a bad memory.” How’s your memory of rates, and what you did when they moved higher? 30-year mortgage rates ...
Today, 9:36 AM
MBS are up more than 3/8ths and the 10yr is down almost 6bps at the lowest levels in a week after the job count came in at 29k vs 90k f'cast. That's t...
Thu, Oct 1 2026, 4:46 PM
Thursday's Rally Sets Up For a Very Interesting Friday
Of course we had to have a big, interesting move in t...
Thu, Oct 1 2026, 4:09 PM
It's a rarity these days, but mortgage rates actually moved lower today by more than a token amount. The average top-tier 30yr fixed rate fell to 7.54...
Thu, Oct 1 2026, 11:18 AM
Welcome to the 4th quarter. Remember when, in 2024, the informal slogan for many in our biz was, “Stay alive ‘til ’25!”? (’27 isn’t expected to be hea...
Thu, Oct 1 2026, 10:35 AM
Sometimes we see a distinct shift in momentum on the first day of a new month. This is not one of those times. October 1st picks up where September 30...
Wed, Sep 30 2026, 5:01 PM
Just Another Bad Day For Bonds Without New Justification
10yr yields hit another long-term high today, break...
Wed, Sep 30 2026, 4:06 PM
For a few moments this morning, it looked as if rates might buck the recent trend and recover a bit of ground today. The underlying bond market was fa...
Wed, Sep 30 2026, 11:53 AM
Time flies. The last day of the third quarter. We just wrapped up Fat Bear Week 2026 in Alaska. (Congrats to Backpack.) Ringo Starr is 86 years old, a...
Wed, Sep 30 2026, 9:34 AM
Core PCE came in at 0.2 vs a 0.3 forecast, and the bond market rallied a bit in response. That said, the unrounded number was .247, which about as hig...
Tue, Sep 29 2026, 4:56 PM
Big Intraday Round Trip For Bonds; Williams Helped
Bonds spent the first half of the day pressing into even ...
Tue, Sep 29 2026, 4:03 PM
Mortgage rates moved higher again on Tuesday as the bond market continues recalibrating expectations for Fed policy, economic growth, and inflation. T...
Tue, Sep 29 2026, 11:13 AM
Lender and Brokers Products, Services, and Software Regulatory oversight for automated valuation models (AVMs) has shifted in recent years, placing ...
Tue, Sep 29 2026, 9:37 AM
Bonds were initially modestly stronger overnight, but mostly sideways in the bigger picture. Right at the 8:20am CME open, bond sellers were clearly w...
Mon, Sep 28 2026, 5:18 PM
Bond-Specific Weakness
Over the past 6 months, as bonds continued to sell off, there was frequently some sol...
Mon, Sep 28 2026, 4:07 PM
Despite Friday afternoon's promising bond market rally and mortgage rate improvement, today's top tier 30yr fixed rate bounced back up. The average le...
Mon, Sep 28 2026, 11:23 AM
We’re waist deep in conferences (click here to view or add events), and every week I receive a half a dozen invitations to mortgage golf events center...
Mon, Sep 28 2026, 10:10 AM
Bonds lost ground overnight with traders reacting to Trump's rejection of Iran's proposal to reopen the Strait of Hormuz. This isn't the first time th...
Fri, Sep 25 2026, 5:19 PM
Respectable Recovery. Is It a Trap?
First thing's first: the parabolic flourish of bond selling of the past ...
Fri, Sep 25 2026, 4:34 PM
The new home market returned to the longer-term range last month, with sales seeing their 4th biggest rebound in 4 years. Sales of new single-family...
Fri, Sep 25 2026, 3:31 PM
Mortgage demand remained subdued last week as the 30-year fixed rate climbed above 7%. The Mortgage Bankers Association (MBA) reported a 1.5% decline...
Fri, Sep 25 2026, 2:36 PM
(NOTE: This article was updated at 5:30pm from the version originally published at 2:36pm ET to reflect late day rate improvements). Mortgage rates ...
Fri, Sep 25 2026, 11:55 AM
“Hey, it’s either network or no work.” For lenders, networking is an important part of their business. In addition, generally speaking, renters are pr...
Fri, Sep 25 2026, 11:00 AM
10yr yields began the morning in slightly stronger territory, generally following a modest decline in oil prices overnight. That trend actually ran it...
Thu, Sep 24 2026, 5:30 PM
Brutal Day And For The Scariest Reasons
Despite a slightly stronger start and initial promise of resilience ...
Thu, Sep 24 2026, 3:44 PM
More than a few media outlets will tell you that 30yr fixed mortgage rates are just now moving over 7% based on the fact that Freddie Mac's weekly rat...
Thu, Sep 24 2026, 11:40 AM
When in doubt, hold a conference. It is an aging group of attendees… exhibitors’ displays and giveaways tell the tale. Frisbees have been replaced wit...
Thu, Sep 24 2026, 9:34 AM
Let's not get too excited. After all, today's yields are the second highest in 19 years, but still... this morning's price action is better than a sha...
Wed, Sep 23 2026, 4:33 PM
Why Bonds Sold Off So Severely Today
The only number higher than the amount of bonds sold today is the numbe...
Wed, Sep 23 2026, 3:11 PM
The day began like many others over the past several weeks. Bonds hadn't moved much overnight, but were paying some attention to slightly higher oil p...
Wed, Sep 23 2026, 12:04 PM
“I won the lottery for a million dollars yesterday, so I decided to donate a quarter of it to charity. I now have $999,999.75.” One can make jokes abo...
Wed, Sep 23 2026, 10:27 AM
Bonds lost ground overnight with rising oil prices correlating very well with the higher yields. The selling was minimal and yields remained range bou...
Tue, Sep 22 2026, 4:38 PM
Bonds Bounce Back After Mid-Day Stumble
Bonds began the day in stronger territory following overnight report...
Tue, Sep 22 2026, 4:24 PM
Mortgage rates didn't move much on Tuesday, but at least it was in the right direction. Perhaps more exciting is the fact that the average lender is n...
Tue, Sep 22 2026, 11:41 AM
Here at the ACUMA event in Las Vegas, credit unions are definitely on the march for market share in a decreasing residential volume environment, given...
Tue, Sep 22 2026, 9:12 AM
Bonds began the overnight session in weaker territory and were mostly sideways until roughly 4:30am. At that time, newswires hit regarding an Iranian ...
Mon, Sep 21 2026, 3:59 PM
Sideways and Slightly Stronger
It was a rather uneventful day with bonds holding sideways in a relatively na...
Mon, Sep 21 2026, 3:15 PM
It was a fairly uneventful day for mortgage rates to start the new week. The underlying bond market was slightly stronger. This suggests slightly lowe...
Mon, Sep 21 2026, 12:23 PM
Broker and Lender Products, Software, and Services Ever gone to pick up a prescription only to be told it needs prior authorization? The request lea...
Mon, Sep 21 2026, 9:59 AM
While the Fed may have requested a majority of the market's attention last week, oil prices were saying "ahem... over here." Now this morning, the pos...
Fri, Sep 18 2026, 5:37 PM
Did Japan Sell Treasuries Today?
Bonds sold off medium big on Friday in a move that offered little by way of...
Fri, Sep 18 2026, 4:26 PM
We'd be the first to remind you that mortgage rates are primarily determined by trading levels in the bond market--specifically those for mortgage-bac...
Fri, Sep 18 2026, 3:55 PM
Pending home sales edged higher in August as gains in the South and West offset declines in the Northeast and Midwest. The National Association of REA...
Fri, Sep 18 2026, 3:47 PM
Residential construction was mixed in August as housing starts recovered in the single-family sector, while building permits declined from July levels...
Fri, Sep 18 2026, 3:20 PM
Builder sentiment took a meaningful step backward in September, with higher mortgage rates, rising construction costs and worsening labor shortages we...
Fri, Sep 18 2026, 2:43 PM
Mortgage application activity weakened again last week, with higher mortgage rates weighing on both purchase and refinance demand. The Mortgage Banker...
