Fri, Nov 28 2025, 12:55 PM
As is most often the case, the Friday after Thanksgiving added nothing interesting to mortgage rate momentum. The average lender's top tier 30yr fixe...
Fri, Nov 28 2025, 12:53 PM
Open But Not Really Open
This is just a reminder that the Friday after Thanksgiving is the most useless and ...
Fri, Nov 28 2025, 11:45 AM
When did our business start with the catchy slogans? Stay alive in ’25? Stay in the mix in ’26. It’ll be heaven in ’27. How about, “Try to earn a litt...
Wed, Nov 26 2025, 2:55 PM
Holiday Week Volatility With Zero Consequence
Although there was a brief negative reaction to this morning's...
Wed, Nov 26 2025, 2:52 PM
Wednesday was far less eventful than the first two days of the week as far as mortgage rates were concerned. The average lender raised rates just a ha...
Wed, Nov 26 2025, 11:42 AM
The new phone books are here, the new phone books are here! Oh, wait a minute. The new conventional conforming loan limits are here! The new conventio...
Wed, Nov 26 2025, 8:55 AM
Bonds were just slightly weaker overnight but are losing more ground in early trading. The culprit: both of this morning's 8:30am ET economic release...
Tue, Nov 25 2025, 5:08 PM
Best Closing Levels in Nearly a Month
Bonds improved only moderately on Tuesday in a move that's just as eas...
Tue, Nov 25 2025, 4:04 PM
Mortgage rates moved nicely lower on Tuesday with the average lender very close to the 2025 lows seen in late October. These levels are effectively ri...
Tue, Nov 25 2025, 3:13 PM
Both the FHFA and the S&P/Cotality Case-Shiller home-price indices released new data this week. The message remains consistent: home prices are still ...
Tue, Nov 25 2025, 11:52 AM
Want better affordability? Lower house prices certainly helps, and this article states that more than half of homes in the United States have fallen i...
Tue, Nov 25 2025, 8:53 AM
ADP's weekly employment report showed another contraction at -13.5k, but unlike last week, no one seems to care. We also got the delayed release of Re...
Mon, Nov 24 2025, 4:39 PM
Lowest Yields in Almost 4 Weeks Despite Ongoing Stock Market Recovery
There's no question that stock prices ...
Mon, Nov 24 2025, 4:15 PM
Thanksgiving weeks can be weird for mortgage rates. This has to do with the fact that rates are dictated by the bond market and the bond market depend...
Mon, Nov 24 2025, 11:45 AM
“Remember to bring up politics at Thanksgiving to save some money on Christmas presents.” “What do tornadoes and Tennessee divorces have in common? So...
Mon, Nov 24 2025, 10:04 AM
It's a data-free Monday on a holiday-shortened week and there aren't any high-impact headlines or massive stock swings to spark any serious bond marke...
Fri, Nov 21 2025, 3:04 PM
Bonds Hold Gains Despite Ongoing Recovery in Stocks
The stock market factored into the bond market's perform...
Fri, Nov 21 2025, 1:53 PM
Recent stock market losses have gotten a lot attention in the news recently. While there's no reliable correlation between stocks and interest rates, ...
Fri, Nov 21 2025, 1:45 PM
Existing-home sales posted another modest gain in October, rising 1.2% to a seasonally adjusted annual rate of 4.10 million , according to the Nation...
Fri, Nov 21 2025, 1:37 PM
Mortgage applications moved lower last week as rates continued drifting higher for a third straight week. MBA’s Weekly Applications Survey for the wee...
Fri, Nov 21 2025, 1:01 PM
Builder confidence levels are still kicking the same sad little can down the road, just with slightly more enthusiasm. The November National Associati...
Fri, Nov 21 2025, 12:04 PM
“Six cows were smoking joints and playing poker. That's right: The steaks were pretty high.” The steaks, uh, stakes, are high when changes to our hous...
Fri, Nov 21 2025, 9:31 AM
It was a pretty straightforward overnight session with a very high degree of correlation between bond yields and stock prices. The final leg of the ra...
Thu, Nov 20 2025, 4:21 PM
Decent Gains Remain Intact; Stock Market Contribution is a Wild Card
The rescheduled release of the Septembe...
Thu, Nov 20 2025, 3:48 PM
Yesterday, we discussed the fact that mortgage rates were heading into Thursday with a disadvantage (for most lenders, anyway). This had to do with th...
Thu, Nov 20 2025, 11:46 AM
“Here we are, a week away from Thanksgiving, and I’m in Kansas City. My family told me to stop telling Thanksgiving jokes, but I said I couldn’t quit ...
Thu, Nov 20 2025, 9:19 AM
It's shaping up to be a "no whammies" sort of morning for the bond market. There's no denying that the jobs report was a highly tradeable event. The ...
Wed, Nov 19 2025, 4:23 PM
Fed Minutes Push Yields Higher
As expected, the recent raft of hawkish Fed speakers foreshadowed (whether in...
Wed, Nov 19 2025, 3:19 PM
It was a complicated day for mortgage rates. Officially, at the time of this article, the average top tier 30yr fixed rate is a hair lower than it wa...
Wed, Nov 19 2025, 11:41 AM
As I type these words, I am sitting in front of one of Chuck Berry’s early residences in St. Louis. STL has a good musical reputation, a fine mortgage...
Wed, Nov 19 2025, 10:11 AM
Correlation between stocks and bonds is hit and miss depending on other factors. Before the age of more aggressive Fed intervention, it was more commo...
Tue, Nov 18 2025, 4:46 PM
Modest Gains After Mid-Day Volatility
With only a few exceptions, bonds have been a rudderless ship during t...
Tue, Nov 18 2025, 4:11 PM
With economic data being the most consistent source of motivation for rates, the market has been eager for it to return with the reopening of the gove...
Tue, Nov 18 2025, 11:44 AM
Supposedly commercial air travel is back to normal, good for anyone coming in for the Mortgage Bankers Association of St. Louis event tomorrow and Thu...
Tue, Nov 18 2025, 10:22 AM
We've seen a clumsy, confused return of various economic reports this morning (several reports were no previously announced with rescheduled release d...
Mon, Nov 17 2025, 4:07 PM
Uneventful Monday; MBS Underperform
In the bigger picture, bonds were flat on Monday without any major volat...
Mon, Nov 17 2025, 3:33 PM
The bond market (which dictates rates) was roughly unchanged over the weekend. As such, it's no surprise to see mortgage rates right in line with Frid...
Mon, Nov 17 2025, 11:47 AM
Today’s trivia: Missouri and Tennessee are tied for bordering the most states: eight. This week I head to Missouri, the jumping off point for thousand...
Mon, Nov 17 2025, 9:30 AM
The jobs report (for September) will be released on Thursday. It is the first major econ data to re-appear after the shutdown. Notably, that's because...
Fri, Nov 14 2025, 4:58 PM
Gains Completely Erased; Stocks Looking More Culpable
Viewed in a vacuum, this mornings 7-8am rally remains ...
Fri, Nov 14 2025, 4:10 PM
Mortgage rates were only modestly higher on Friday, but because of the narrow prevailing range and previous increases this week, that brings us right ...
Fri, Nov 14 2025, 1:59 PM
Mortgage applications posted a modest increase last week, even as rates ticked slightly higher. According to MBA’s Weekly Applications Survey for the ...
Fri, Nov 14 2025, 11:47 AM
I always wonder, when I see two gas stations near each other in a small town, if the owners agree on pricing and share information. But when you’re de...
Fri, Nov 14 2025, 9:24 AM
Bonds were sideways to slightly weaker in the overnight session. 4am to 7am was exceptionally flat and narrow. This is notable because stocks had don...
Thu, Nov 13 2025, 4:02 PM
Moderately Weaker With Only The Reopening to Blame
The government reopened on Thursday. Both stocks and bon...
Thu, Nov 13 2025, 3:25 PM
Mortgage rates rose somewhat sharply following the late October Fed meeting but have been in a relatively narrow range so far in November. The range ...
Thu, Nov 13 2025, 11:45 AM
In news underwriters will need to know, banks and satirists across the United States are taking Director Bill Pulte’s and President Donald Trump’s 50-...
Thu, Nov 13 2025, 8:06 AM
First off, the market expected a shutdown resolution by mid November and especially since this past weekend. That's the reason today's news means ess...
Wed, Nov 12 2025, 4:10 PM
Bonds Look Past 10yr Auction to Maintain Focus on Jobs
While there were no big ticket economic reports on to...
Wed, Nov 12 2025, 3:15 PM
Mortgage rates are based on bond market movement and bonds are much stronger today compared to Monday. Although bonds were closed yesterday for the Ve...
