Tue, Jun 16 2020, 4:21 PM
Mortgage rates moved higher for the 3rd straight business day. That said, last Friday is better described as being a "2nd consecutive day of all-time ...
Tue, Jun 16 2020, 3:58 PM
Economic Hope Squares Off Against Virus Fears (Again)
Markets continue trying to sort out the prospects for ...
Tue, Jun 16 2020, 8:27 AM
Last week saw stock prices and bond yields fall as markets got back in touch with their recent habit of trading primarily on the coronavirus outlook. ...
Mon, Jun 15 2020, 5:27 PM
Mortgage rates were slightly higher today for the average lender. Additionally, some lenders bumped rates a bit in the middle of the day in response t...
Mon, Jun 15 2020, 3:34 PM
Virus Fears Back in Focus For Markets
Rather than the gradual decline that many had hoped for, we're instead...
Mon, Jun 15 2020, 8:54 AM
The week begins with global financial markets once again defending against coronavirus risks. Case counts were flat in April and most of May. The im...
Fri, Jun 12 2020, 4:55 PM
2 Wild Weeks That Mostly Cancel Each Other Out
What a difference a week makes! Last week, the order of the ...
Fri, Jun 12 2020, 4:54 PM
Mortgage rates plunged well into new all-time lows this week, which is a striking turn of events given the vastly different outlook at the end of last...
Fri, Jun 12 2020, 9:38 AM
Yesterday, after 4 straight days of improvements, the bond market easily returned to the trading range that had been intact for 6 weeks (until it was ...
Thu, Jun 11 2020, 5:48 PM
Mortgage rates plunged well into new all-time lows today. This is a striking turn of events given the vastly different outlook at the end of last week...
Thu, Jun 11 2020, 4:53 PM
Bonds Back in Business; More New All-Time Low Rates
What a difference a week makes! Last week, the order of...
Thu, Jun 11 2020, 8:43 AM
We'll have to be careful about thinking or saying that bonds have "confirmed" any sort of shift when it comes to established ranges or trends. The la...
Wed, Jun 10 2020, 5:07 PM
Mortgage rates dropped quickly today. This wasn't necessarily destined to be the case this morning, but after the Fed released its most recent policy ...
Wed, Jun 10 2020, 3:42 PM
Fed Delivers. Bonds Surge
As far as the Fed is concerned, bonds don't have to stress out about rates rising ...
Wed, Jun 10 2020, 2:03 PM
The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum ...
Wed, Jun 10 2020, 9:09 AM
The word "roll" has a few meanings around here. For those who participate in MBS markets at a higher level, "dollar rolls" are actual tradeable posit...
Tue, Jun 9 2020, 5:53 PM
Mortgage rates moved lower again today, with the average lender erasing a good amount of the weakness seen last week. That's good news considering rat...
Tue, Jun 9 2020, 4:42 PM
Bond Rally or a Token Bounce After Last Week's Rout?
Last week saw rates rise at the fastest pace in months ...
Tue, Jun 9 2020, 8:43 AM
Last week saw rates rise at the fastest pace in months in an apparent lift-off from an extended stint near all-time lows. Now the current week looks v...
Mon, Jun 8 2020, 5:02 PM
After moving higher at a fairly quick pace last by last Friday, mortgage rates are off to a better start this week. Rates remain noticeably higher ver...
Mon, Jun 8 2020, 3:34 PM
Surprisingly Strong Day Made Possible By Last Week's Rout
After last week's rout at the hands of stronger ec...
Mon, Jun 8 2020, 8:53 AM
Bonds are coming off their roughest week in months with yields rising at their quickest pace since the mega-volatility seen during the panicked sell...
Fri, Jun 5 2020, 4:04 PM
That Escalated Quickly, But MBS Recovered Fairly Nicely
After weeks and weeks (6, to be specific) of extraor...
Fri, Jun 5 2020, 12:25 PM
Things are quickly getting interesting for mortgage rates , and by 'interesting,' I mean potentially alarming. Everything's relative though, so it sho...
Fri, Jun 5 2020, 8:18 AM
After weeks and weeks (6, to be specific) of extraordinarily calm and narrow trading ranges in ultra-low-yield territory, the bond market has suddenly...
Thu, Jun 4 2020, 4:17 PM
Mortgage rates are directly tied to the bond market. This isn't too much of a surprise considering pretty much anything with an interest rate can be t...
Thu, Jun 4 2020, 4:15 PM
Big Risks Ahead For Rates and Some Solid Opporunities Right Now
Treasury yields broke one important ceiling ...
Thu, Jun 4 2020, 8:50 AM
Yesterday's econ data caused a stir in the bond market, forcing yields to break above a key ceiling at .74%. Can they make it back below that ceiling...
Wed, Jun 3 2020, 3:54 PM
Econ Data Causing Bonds to Reconsider Commitment to Super Low Yields
Bonds haven't been interested in econ d...
Wed, Jun 3 2020, 3:52 PM
Mortgage rates were decisively higher today as the bond market lost ground due to surprisingly strong economic data. Mortgage rate movement is mainly ...
Wed, Jun 3 2020, 9:23 AM
It's the first Wednesday of the month and thus time for ADP Employment data. The stated intention of this report is to predict the final revision of ...
Tue, Jun 2 2020, 3:50 PM
Mortgage rates were mixed today with some lenders improving and others moving higher. This isn't so much a factor of anything that happened today as m...
Tue, Jun 2 2020, 3:11 PM
Here's The Only Reason Mortgage Rates Have Moved Lower Recently
"Because they were so much higher than they...
Tue, Jun 2 2020, 9:20 AM
Today is the lightest of the week in terms of scheduled market movers on the econ calendar (there really aren't any to speak of unless you count the N...
Mon, Jun 1 2020, 4:43 PM
Mortgage rates pulled off a repeat performance of last Friday's intraday drama. The average lender began the day in higher territory as bond markets w...
Mon, Jun 1 2020, 2:57 PM
There's no way to predict the future for rates and markets, but there are occasionally tactical opportunities.
Mon, Jun 1 2020, 8:47 AM
A resilient performance at the end of last week means that bonds have easily staked a claim to a sideways range that's been intact for more than 2 mon...
Fri, May 29 2020, 5:50 PM
Mortgage rates staged a nice little comeback today, moving back toward the all-time lows seen late last week. Mortgage rates are determined primarily ...
Fri, May 29 2020, 8:52 AM
The next Fed announcement is 1.5 weeks away and so it's time to start ramping up expectations for the details of the Fed's official QE announcement. ...
Thu, May 28 2020, 4:38 PM
It's Thursday, and thus time once again for Freddie Mac's weekly mortgage rate survey. This is the longest-running and most widely-cited snapshot of m...
Thu, May 28 2020, 9:14 AM
The market reaction to coronavirus made a mess of the relationship between Treasuries and MBS (and between MBS and mortgage rates for that matter). T...
Wed, May 27 2020, 4:56 PM
Mortgage rates managed to stay sideways today after beginning the week with a move higher yesterday. This is a victory all things considered. Rates ta...
Wed, May 27 2020, 9:17 AM
Today's first chart shows the trend we've been following in 10yr Treasury yields. It is pointed in an unfriendly direction (i.e. "up"), but at a fair...
Tue, May 26 2020, 4:09 PM
Mortgage rates hit new all-time lows last week. In fact, for many lenders, records were broken on more than one day. That raised the risk of a bounce ...
Tue, May 26 2020, 9:07 AM
No need to overcomplicate the current narrative: the overall financial market is attempting to balance the reopening of the economy with the risk of C...
Fri, May 22 2020, 3:31 PM
There's no shortage of bad news when it comes to the economy and the housing market. But that's no surprise considering the circumstances. The sheer s...
Fri, May 22 2020, 9:37 AM
Treasuries started out stronger after overnight drama between China and Hong Kong caused a "risk-off" trade (i.e. sell stocks, buy bonds). MBS contin...
Thu, May 21 2020, 3:50 PM
Mortgage rates were mostly steady today for most lenders. Those who changed generally did so in a friendly direction. Either way, that means today's r...
Thu, May 21 2020, 9:03 AM
Treasuries held onto yesterday's gains in the overnight session and are starting the day in slightly better shape (MBS are roughly unchanged). This m...
Wed, May 20 2020, 5:53 PM
Mortgage rates fell again today. Whereas yesterday's improvements arrived in choppy fashion only after many lenders quoted higher rates in the morning...
