Fri, Jul 11 2025, 11:40 AM
Don’t forget to snag your free Slurpee today at participating 7-Elevens! Speaking of edible things, I like my Frosted Flakes, Froot Loops, and Raisin ...
Fri, Jul 11 2025, 10:31 AM
In terms of news that seems like it should be important, the biggest overnight development was the announcement of a 35% tariff on Canadian imports st...
Thu, Jul 10 2025, 5:07 PM
Fed Speakers and Auction Help Bonds Hold Steady
Bonds technically lost a small amount of ground today, but i...
Thu, Jul 10 2025, 4:49 PM
Most of this week's mortgage rate movement has been an aftershock following last week's jobs report. That data sent rates quickly higher and that mome...
Thu, Jul 10 2025, 11:46 AM
Lenders and servicers have entire sets of policies and procedures based on the Federal Emergency Management Agency (FEMA) declaring an emergency in a ...
Thu, Jul 10 2025, 11:33 AM
You would be hard pressed to find a week with less to offer in terms of scheduled economic data. In fact, it's not an overstatement to say that regul...
Wed, Jul 9 2025, 4:30 PM
Correction to the Correction. Will it Last?
Hindsight is 20/20 and foresight may have been close enough this...
Wed, Jul 9 2025, 3:35 PM
It's a bit of a stretch to refer to the past week as a "losing streak" for mortgage rates. The worst part about it was the consistency of upward movem...
Wed, Jul 9 2025, 10:09 AM
Anyone who's spent much time around MBS Live knows about our favorite mantra regarding predictions. Specifically, they are for suckers--at least in t...
Wed, Jul 9 2025, 9:17 AM
Mortgage application activity bounced higher last week following a drop in rates to the lowest levels in 3 months. The Mortgage Bankers Association’s ...
Wed, Jul 9 2025, 8:33 AM
If you think that everything is great in the U.S. economy, maybe it’s not. At least in New Jersey. While many residents are frolicking on the Jersey S...
Tue, Jul 8 2025, 3:44 PM
Correction Starting to Level Off?
Even though very little changed during the course of the trading day, one ...
Tue, Jul 8 2025, 3:26 PM
Bad news first: mortgage rates have been moving steadily higher in July with the average top tier 30yr fixed scenario rising from 6.67% to 6.81% in ju...
Tue, Jul 8 2025, 12:17 PM
We’re in the summer travel season. TSA will be eliminating its “shoes off” policy, and many will be sampling today’s rollout of Spicy McMuffin breakfa...
Tue, Jul 8 2025, 11:26 AM
Amid a complete absence of actionable economic data in the new week, stocks and bonds have been left to focus on new developments on the tariff front....
Mon, Jul 7 2025, 4:19 PM
Correction Continues Despite Tariff Announcements
Bonds were moderately weaker to start the day and continue...
Mon, Jul 7 2025, 3:13 PM
For the entire 2nd half of June, it was easy to be spoiled by the absence of volatility in mortgage rates. During that time, rates were either lower o...
Mon, Jul 7 2025, 11:51 AM
The nation is gripped with the flooding in Texas, the loss of human life and property, and how best to prevent future similar occurrences given the in...
Mon, Jul 7 2025, 10:16 AM
Fresh off the rally reversal courtesy of last week's jobs report, the bond market now finds itself in a virtually data-free week with little else to i...
Thu, Jul 3 2025, 3:25 PM
Big Market Reaction but Mortgages Outperform
Today's jobs report would have been bad for rates if it was eve...
Thu, Jul 3 2025, 2:56 PM
Today brought the hotly anticipated jobs report. This is the "official" job count and unemployment rate data for the U.S. and no other report has as ...
Thu, Jul 3 2025, 11:48 AM
Tomorrow is the 4th of July, the only time of the year Americans say the day and month in the correct order. We find ourselves in the traditional “dog...
Thu, Jul 3 2025, 10:41 AM
Mortgage application activity moved higher last week as rates declined to the lowest levels since April, according to the Mortgage Bankers Association...
Thu, Jul 3 2025, 10:23 AM
Apart from the fact that this morning's jobs report contrasted starkly from the slew of anecdotal evidence suggesting a weaker labor market in June, t...
Wed, Jul 2 2025, 3:43 PM
Bonds Circle The Wagons Ahead of High Risk NFP
The consensus for tomorrow's NFP (nonfarm payrolls, the princ...
Wed, Jul 2 2025, 2:53 PM
Mortgage rates have generally been falling since May 21st and have done nothing but move lower for more than 2 weeks. That winning streak finally cam...
Wed, Jul 2 2025, 11:51 AM
“Pro Tip: Here’s a friendly 4th of July reminder that absolutely no one is going to watch the videos of the fireworks you record on your phone.” You c...
Wed, Jul 2 2025, 9:54 AM
ADP employment was this morning's key economic report and it came out sharply weaker than expected (-33k vs 95k f'cast). There are many past examples ...
Tue, Jul 1 2025, 4:06 PM
Traders Buy The Dip After AM Data
After a bit of overnight strength and an early morning pull-back, bonds we...
Tue, Jul 1 2025, 3:09 PM
It's been 88 days since the average 30yr fixed mortgage rate was as low as it is today--close enough to 3 months. Some lenders may be higher or lower...
Tue, Jul 1 2025, 11:50 AM
“Life is like a roll of toilet paper: The closer you get to the end, the faster it goes.” Just like that, 2025 is half over. With it have come changes...
Tue, Jul 1 2025, 10:33 AM
Tuesday brings the week's first decent dose of meaningful economic data with both S&P/ISM Manufacturing PMIs and Job Openings. The PMI data was somew...
Mon, Jun 30 2025, 4:45 PM
Steady Gains in the PM Hours
It's common to see the effects of month/quarter-end trading most prominently in...
Mon, Jun 30 2025, 3:28 PM
April 3rd and 4th saw the average top tier 30yr fixed mortgage rates well into the "mid 6's." Many lenders were able to quote 6.5% at the time. Just...
Mon, Jun 30 2025, 11:42 AM
“The seminar ‘How to avoid frauds’ is canceled. Tickets are non-refundable.” Mortgage fraud is alive and well in the United States. In Utah, Kouri Ric...
Mon, Jun 30 2025, 10:14 AM
Month/quarter end trading is a somewhat esoteric and potentially frustrating concept for the typical market watcher because it seemingly violates the ...
Fri, Jun 27 2025, 3:24 PM
Modest Friday Bounce Does Little to Alter Bigger Picture
After a decent mid-day recover, bonds gave up their...
Fri, Jun 27 2025, 1:16 PM
Friday's mortgage rates ended up being right in line with Thursday's on average. At 6.72%, the MND daily rate index is as low as it's been since earl...
Fri, Jun 27 2025, 11:57 AM
Does anyone pay with cash anymore, or actually have the money in their bank account? Credit card debt is now $1.1 trillion. There is even a credit car...
Fri, Jun 27 2025, 11:36 AM
The National Association of Realtors' Pending Home Sales Index (PHSI)—which tracks contract signings on existing homes—has remained rangebound for mor...
Fri, Jun 27 2025, 11:06 AM
New Home Sales fell sharply in May according to the latest report from the U.S. Census Bureau and HUD. After a brief surge in April, the seasonally ad...
Fri, Jun 27 2025, 10:48 AM
Mortgage application activity moved slightly higher last week despite a modest uptick in rates, according to the Mortgage Bankers Association’s (MBA) ...
Fri, Jun 27 2025, 10:34 AM
Two months ago, existing home sales reached the highest levels in a year according to the National Association of Realtors. Last month’s report showed...
Fri, Jun 27 2025, 10:04 AM
Bonds are slightly weaker to start the final trading day of the week, but that has nothing to do with this morning's PCE data. Despite being the Fed'...
Thu, Jun 26 2025, 3:32 PM
The Trend is Friendly For Now
A common financial market quip is that the "trend is your friend." We like to...
Thu, Jun 26 2025, 3:02 PM
After topping out on May 21st, the average day for mortgage rates has been a good one. This has been especially true since June 6th with our 30yr fix...
Thu, Jun 26 2025, 11:40 AM
“I've been experimenting with breeding racing deer. People have accused me of just trying to make a fast buck.” There are no fast bucks to be made in ...
Thu, Jun 26 2025, 10:25 AM
Visually, the number of line items in this morning's economic calendar may seem daunting. In fact, several of the reports sound like they should matte...
Wed, Jun 25 2025, 4:21 PM
Mid Day Reversal Leaves Bonds Slightly Stronger
This morning, we noted the lightness of the selling pressure...
Wed, Jun 25 2025, 3:21 PM
The average top tier 30yr fixed mortgage rate had already dipped to the lowest levels since May 1st at the start of the week. Two additional days of ...
