Today, 2:15 PM
Yesterday, it was a drop below 7.25%. Today, the 7.20% floor was broken. Mortgage rates have been on a tear over the past month and are now back to 7....
Today, 11:25 AM
Why am I a sucker for stories like, “What Do the Twins in the Shining Look Like Now?”? Is the American public a sucker for not being more concerned th...
Today, 9:06 AM
Bonds are starting the day a few bps weaker. 10yr yields are just over 4.90% and considering they were almost 50bps higher a month ago, you're free to...
Wed, Nov 4 2026, 4:19 PM
Elections, Oil, and Neocloud Stocks, Oh My!
There are 3 publicly traded neocloud stocks that are big enough ...
Wed, Nov 4 2026, 3:25 PM
30yr fixed rates moved over 7.25% on September 23rd, 2026 and continued to long-term highs of 7.61% by early October. But starting in mid October, rat...
Wed, Nov 4 2026, 11:48 AM
Yes, there was/is an election which is certainly a discussion topic here in Dallas, but regardless of the results, many people who don’t own homes wan...
Wed, Nov 4 2026, 10:50 AM
There are several moving parts to today's trading levels, but the TL;DR is that bonds are holding modest gains so far despite some 2-way volatility. T...
Tue, Nov 3 2026, 4:17 PM
Early Strength Thwarted by Data and Resilience in Equities
There are several ways to view today's bond marke...
Tue, Nov 3 2026, 3:21 PM
Well... they can't all be winners. It seems as if rates could do no wrong over the past 3 days with each marking the lowest level in more than a month...
Tue, Nov 3 2026, 11:48 AM
Lender and Broker Products, Services, and Software Most lenders are still catching up on tech. Here’s your chance to get ahead. In this report, Plai...
Tue, Nov 3 2026, 8:57 AM
Bonds were sideways to slightly weaker overnight, but they're rallying back to unchanged levels in the 8am hour following favorable headlines regardin...
Mon, Nov 2 2026, 4:27 PM
Little-Moved by Huge Drop in Oil and Tech Stocks
Bonds were technically stronger at 4pm ET, but just barely....
Mon, Nov 2 2026, 3:39 PM
It was a perfectly fine day for mortgage rates to start the new week. The underlying bond market improved modestly, drawing on a combination of sharpl...
Mon, Nov 2 2026, 11:44 AM
Sometimes you and your teammates have different priorities. I head to Dallas tomorrow for a private mortgage event, where the priorities will probably...
Mon, Nov 2 2026, 10:22 AM
Bonds were initially a hair weaker at the start of the overnight session, but rallied gradually after that. The sharpest gains arrived at the 9:30am N...
Fri, Oct 30 2026, 3:16 PM
Bonds Almost Able to Break Even Thanks to Tech Turmoil
Tech stocks embarked on a wild ride starting with ear...
Fri, Oct 30 2026, 2:53 PM
New home sales lost almost no ground in September, effectively reinforcing the healthy rebound seen in August's report. The Census Bureau's New Resi...
Fri, Oct 30 2026, 2:49 PM
Home price appreciation picked up again in August (as reported this week), but the improvement was minimal. The FHFA House Price Index rose 0.3% f...
Fri, Oct 30 2026, 2:33 PM
Mortgage applications finally rebounded as mortgage rates fell for a second straight week. The Mortgage Bankers Association (MBA) reported a 3.4% inc...
Fri, Oct 30 2026, 2:24 PM
The rate market continues taking cues from turmoil in the tech sector. That resulted in the lowest rates in more than a month today as tech stocks sli...
Fri, Oct 30 2026, 11:41 AM
As companies around the nation stage in-person or virtual costume contests, here’s some information for you a little off the beaten path. People want ...
Fri, Oct 30 2026, 9:59 AM
Bonds were initially stronger in the overnight session with 10yr yields briefly falling under 4.90%. The rally generally aligned with overnight losses...
Thu, Oct 29 2026, 5:08 PM
Tech Jitters are Back. Bonds Like It
As has been the case for the past several weeks, the near-term fate of ...
Thu, Oct 29 2026, 4:16 PM
After 4 rather uneventful trading days, the bond market (which underlies interest rate movement) experienced a bit more volatility today. Fortunately,...
Thu, Oct 29 2026, 11:12 AM
Artificial intelligence continues to capture the imagination of a wide range of companies, including lenders. “Why Underwriting Is the Right Problem f...
Thu, Oct 29 2026, 9:48 AM
PCE inflation was almost perfectly in line with even the unrounded expectations. The monthly core number was 0.32 vs 0.34 (or .3 vs .3 on most econ ca...
Wed, Oct 28 2026, 4:50 PM
Minimal Impact From Fed
Fed day has come and gone with minimal fanfare. Markets ultimately found reason to d...
Wed, Oct 28 2026, 4:15 PM
Today's Fed announcement had no impact on mortgage rate movement, and minimal impact on intraday bond market volatility. Well before the Fed announcem...
Wed, Oct 28 2026, 2:00 PM
The Federal Open Market Committee approved the following statement for release by a 12 10 – 0 2 vote: The Committee decided to raise mainta...
Wed, Oct 28 2026, 11:01 AM
The other day I went to Costco, and for $5.99 bought a pumpkin pie the size of a hubcap. What inflation? Costco’s hot dog/soda combo or the rotisserie...
Wed, Oct 28 2026, 10:38 AM
Coreweave stock moved higher again overnight and Coreweave bond yields continued lower, with some issues now back to yields seen 2 weeks ago. Treasuri...
Tue, Oct 27 2026, 4:40 PM
Boring, Sideways Day. Does Wednesday's Fed Announcement Even Matter?
Neocloud concerns continued to experien...
Tue, Oct 27 2026, 4:10 PM
It was a remarkably calm day for the mortgage market on two separate levels. First off, the average lender set this morning's rates right in line with...
Tue, Oct 27 2026, 11:30 AM
The ancient Chinese philosopher Sun Tzu said, “Sometimes the best victory is the battle that was not fought.” In a shrinking residential market there ...
Tue, Oct 27 2026, 10:07 AM
"Neocloud" has entered the commentary. This is shorthand for the market segment in which Coreweave operates. Neocloud companies have been the epicente...
Mon, Oct 26 2026, 4:15 PM
Bonds Hold Ground Despite Some Healing in Tech
Monday was exceptionally uneventful for the bond market--as i...
Mon, Oct 26 2026, 3:43 PM
It was an uneventful day for mortgage rates, which is just the sort of thing you want to see when the average lender is just a hair above the lowest l...
Mon, Oct 26 2026, 11:19 AM
Lender and Broker Products, Services, and Software Manual document reviews, repeated data entry and time-consuming “stare and compare” tasks slow do...
Mon, Oct 26 2026, 9:46 AM
Bonds are technically just a hair stronger this morning, but in the slightly bigger picture, nothing has happened yet this week (not that we'd expect ...
Fri, Oct 23 2026, 3:53 PM
Slightly Weaker, But Much Stronger on The Week
Friday was calm and sideways in the bigger picture. Sure, a 4...
Fri, Oct 23 2026, 3:02 PM
Yesterday was an exciting day for rates with the lowest levels since September 23rd and a fairly brisk decline versus the previous day. Today? Fairl...
Fri, Oct 23 2026, 2:56 PM
Mortgage applications continued to decline even as mortgage rates finally moved lower. The Mortgage Bankers Association (MBA) reported a 5.3% drop i...
Fri, Oct 23 2026, 2:50 PM
Residential construction failed to find even footing in September, with housing starts declining and single-family building permits pulling back, whil...
Fri, Oct 23 2026, 2:46 PM
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) dropped three points to 29 in October--its lowest level in 1...
Fri, Oct 23 2026, 11:46 AM
Lender and Broker Products, Services, and Software The ability to move swiftly and confidently through the origination and underwriting process matt...
Fri, Oct 23 2026, 9:16 AM
Little has changed between yesterday's close and this morning's early trading. 10yr yields are still several bps under 5%. MBS are still effectively a...
Thu, Oct 22 2026, 4:48 PM
Tech Tanks and Bonds Pick Up The Slack
What began with focus on funding concerns for Coreweave (and, to a le...
Thu, Oct 22 2026, 3:50 PM
Interest rates continue taking cues from the market rethinking the pace of AI-related growth/spending. Last week's focus was on Coreweave and a few ot...
Thu, Oct 22 2026, 11:02 AM
Lender and Broker Products, Services, and Software “Ready to get ahead of what’s next in mortgage technology? Join us for the client-exclusive Optim...
Thu, Oct 22 2026, 9:18 AM
Oil prices are up. Bond yields are down sharply. If this was early September, that wouldn't make sense. Bonds decoupled from the oil correlation on Fe...
