Wed, Feb 25 2026, 12:00 PM
It is no secret that Congress and regulators have trouble keeping up with technology. But is an AI “conversation” with a borrower any different than a...
Wed, Feb 25 2026, 9:42 AM
Some days, there's a lot to say about what's going on in the bond market. Other days are like today. Analysts have to lean on themes like trading rang...
Tue, Feb 24 2026, 4:15 PM
Calmly Holding in Super Strong Territory
MBS may not be quite as high as they were yesterday, but in the big...
Tue, Feb 24 2026, 3:53 PM
The average top-tier mortgage rates made it back to 5.99% yesterday for the first time since January 9th and only the second time in more than 3 years...
Tue, Feb 24 2026, 11:17 AM
At the Optimal Blue Summit going on now, sessions range from AI to loan officer tools to market strategy, product unveilings built to transform pricin...
Tue, Feb 24 2026, 9:31 AM
Volume and volatility is lower this morning compared to yesterday, but the same theme of risk aversion looks to be in play, probably. Why "probably?"...
Mon, Feb 23 2026, 3:09 PM
General Risk Aversion Trade Helping Bonds
Bonds began the day in just barely stronger territory but continue...
Mon, Feb 23 2026, 11:53 AM
This coverage is coming out earlier than normal due to a more interesting headline than normal. The average top-tier 30yr fixed rate fell back to 5.99...
Mon, Feb 23 2026, 11:48 AM
Products, Services, and Software for Brokers and Lenders When every basis point counts and staffing doesn’t magically scale with volume, servicers n...
Mon, Feb 23 2026, 10:51 AM
Bonds are starting the new week in slightly stronger territory, but still well inside the prevailing trading range. There were no standout market move...
Fri, Feb 20 2026, 4:44 PM
Tariff Ruling Tried (And Failed) to Steal The Show
If you were told ahead of time that Friday morning would ...
Fri, Feb 20 2026, 3:18 PM
Bonds dictate mortgage rates and bonds experienced a bit of volatility this morning in response to the Supreme Court ruling on tariffs. The initial im...
Fri, Feb 20 2026, 2:47 PM
If there's one housing market metric that paints a brighter picture than the rest, it's New Home Sales data from the Census Bureau. At 745,000, it eas...
Fri, Feb 20 2026, 2:42 PM
The National Association of Realtors’ Pending Home Sales Index (PHSI) slipped modestly in January, easily prolonging its stay in a narrow range near a...
Fri, Feb 20 2026, 11:55 AM
Mail-related check fraud never seems to go away, and the FBI reminds us that blue gel pens certainly help in reducing check fraud. “Rob, are you heari...
Fri, Feb 20 2026, 9:25 AM
At the time of this writing, there are still a few econ reports left on deck, but the big ones are out. GDP missed big (1.4 vs 3.0), but largely for n...
Thu, Feb 19 2026, 4:36 PM
Bonds Punt. Focus Turns to Friday's Econ Data
Bonds spent the past 2 days pushing back toward slightly highe...
Thu, Feb 19 2026, 3:33 PM
For the average lender, top-tier 30yr fixed mortgage rates were perfectly unchanged compared to yesterday. This keeps them right in line with the lowe...
Thu, Feb 19 2026, 11:45 AM
It’s hard to believe that the COVID pandemic was six years ago with its increase in deaths. For our biz, we switched to “work from home,” among other ...
Thu, Feb 19 2026, 8:53 AM
Yesterday's end-of-day recap bore the title "Half-Hearted Correction Continues." It turns out that should have been the title for this morning's comme...
Wed, Feb 18 2026, 4:22 PM
Half-Hearted Correction Continues
Don't call it a correction. Yields may have rallied 30bps in just over a ...
Wed, Feb 18 2026, 4:13 PM
What goes down must come up? Definitely not always the case, but true this time for residential construction numbers. The Census Bureau’s latest repor...
Wed, Feb 18 2026, 4:00 PM
Mortgage application activity picked up last week with the Mortgage Bankers Association (MBA) reporting an increase of 2.8% on a seasonally adjusted...
Wed, Feb 18 2026, 3:47 PM
Builder confidence fell for the second straight month in February according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Ma...
Wed, Feb 18 2026, 3:11 PM
Mortgage rates at the average lender moved up by 0.01% today--the smallest increment measured by the MND daily rate index. This means that most borrow...
Wed, Feb 18 2026, 11:44 AM
On today’s Mortgage Matters live interview (at 1PM ET; feel free to ask questions) Faith Schwartz, who has an incredible pedigree, draws upon her deca...
Wed, Feb 18 2026, 11:06 AM
Any time the 10yr Treasury yield approaches--but fails to break--a number ending in .50 or .00, the analytical community is guaranteed to be discussin...
Tue, Feb 17 2026, 4:27 PM
Calm Start Even if Modestly Weaker
The day before and/or after a 3-day weekend is more volatile than the ave...
Tue, Feb 17 2026, 4:08 PM
It was an uneventful day for mortgage rates with the average lender holding right in line with last Friday's levels. In this case, that's a good thing...
Tue, Feb 17 2026, 11:48 AM
On Mortgage Law Today at noon PT Brian Levy, Loretta Salzano, and Peter Idziak sit down with Laura LaRia and Sandy Shatz for a deep dive into the lega...
Tue, Feb 17 2026, 11:25 AM
At the start of the domestic session, bonds had actually managed to build on last week's impressive gains, even if only by a few bps. That was a bit o...
Fri, Feb 13 2026, 4:13 PM
Bonds Close Out Epic Week of Resilience With Friendly Data
Friday was a logically friendly day thanks to sli...
Fri, Feb 13 2026, 2:07 PM
When the administration announced that Fannie and Freddie would be buying mortgage-backed securities in early January, rates fell sharply to the lowes...
Fri, Feb 13 2026, 1:54 PM
Existing-home sales pulled back sharply in January, quickly dashing any hopes that December’s year-end rebound brought, as harsh winter weather and st...
Fri, Feb 13 2026, 10:58 AM
Products, Services, and Software for Brokers and Lenders QC works as an early warning system, but it only creates value when findings are recognized...
Fri, Feb 13 2026, 9:55 AM
CPI came in just a hair below forecasts at the headline level and right in line with forecasts at the core level (unrounded .295 vs .300). Shelter com...
Thu, Feb 12 2026, 4:16 PM
Yields Magically and Mysteriously Sink to Lowest Levels in 2 Months.
At the 3pm CME close, 10yr yields were ...
Thu, Feb 12 2026, 2:35 PM
Just one day after an incredibly strong jobs report--something that would normally create problematic upward momentum for rates--the average lender is...
Thu, Feb 12 2026, 11:47 AM
Here at San Diego’s MCT Exchange 2026, the hallway chatter is varied. These are capital markets personnel, so things are pragmatic. One topic is Fredd...
Thu, Feb 12 2026, 9:07 AM
When the jobs report makes a big statement, bonds are more likely to exhibit elevated momentum and volatility in the following days. In more than a fe...
Wed, Feb 11 2026, 4:09 PM
Stunning Resilience
One could argue that our bar is set too low if we view today's bond market resilience as...
Wed, Feb 11 2026, 2:26 PM
Mortgage rates moved 0.03% higher today. On almost any other day, this would be a bit of a bummer, but in today's case, it's a victory. There was a t...
Wed, Feb 11 2026, 2:03 PM
Mortgage application activity was essentially flat last week, almost impressively so. After much recent volatility, the index is finding a brief momen...
Wed, Feb 11 2026, 11:50 AM
Products, Services, and Software for Brokers and Lenders “Escrow is supposed to be predictable. But in default servicing, that predictability dimini...
Wed, Feb 11 2026, 9:48 AM
Nearly an hour after this morning's surprisingly strong jobs report, 10yr yields are only 4.4bps higher at 4.19%. On a normal day, 4.4bps might be a f...
Tue, Feb 10 2026, 3:39 PM
Best Levels in Weeks Ahead of High Stakes Jobs Report
Rather than circle the wagons and consolidate the rece...
Tue, Feb 10 2026, 2:20 PM
Mortgage rates fell on Tuesday following a downbeat Retail Sales report. At 0.05%, it was the largest single-day drop since the uncommonly big 0.15% d...
Tue, Feb 10 2026, 11:52 AM
Products, Services, and Software for Brokers and Lenders There’s a reason $5.99 feels different than $6.00. Behavioral economists call it the “left-...
Tue, Feb 10 2026, 9:42 AM
Last Thursday, we discussed the paradox of a rally in the present moment being driven by future data. More specifically, the three downbeat labor mark...
Mon, Feb 9 2026, 4:31 PM
Early Volatility And a Decent Recovery
Bonds lost ground in the overnight session after Chinese regulators c...
