Thu, May 30 2019, 9:27 AM
In the day just past, bonds started out in stronger territory only to lose ground by the closing bell. This wasn't necessarily destined to be the cas...
Wed, May 29 2019, 5:05 PM
The bond market started the day off in much stronger territory after solid overnight gains. These could be viewed as a factor of weak equities market...
Wed, May 29 2019, 4:44 PM
Mortgage rates fell again today, just barely inching to the lowest levels since early 2018 . Keep in mind, that factoid is based on an average of mult...
Wed, May 29 2019, 9:26 AM
In the day just past, bonds extended a rally that was called into question by last Friday's narrow, sideways trading day. Credit was primarily due to...
Tue, May 28 2019, 5:53 PM
Bonds rallied sharply today on a combination of factors that are debatable in their direct bond market implications. In a general sense, European bon...
Tue, May 28 2019, 5:20 PM
The world of mortgage rate analysis is both simple and complicated . On a simple note, rates are near long-term lows and they'll generally continue to...
Tue, May 28 2019, 9:59 AM
In the week just past, bonds threw a vicious head-fake. After 2 weeks spent moving lower inside a well-established trend, yields looked to be breakin...
Fri, May 24 2019, 5:53 PM
Today's headline could just as easily serve as the entire recap. By the time we get past the fact that Durable Goods came out much weaker than expect...
Fri, May 24 2019, 2:52 PM
Mortgage rates fell again today as mortgage lenders got caught up with yesterday's market movements. Mortgage rates are based on bond market trading l...
Fri, May 24 2019, 8:52 AM
In the day just past, both stocks and bonds too part in a big risk-off trading pattern (stock prices and bond yields moving lower). Inspiration came ...
Thu, May 23 2019, 5:49 PM
Both stock prices and bond yields moved sharply lower today for a combination of reasons. Trade tensions are ongoing, with visible effects being in...
Thu, May 23 2019, 5:28 PM
Mortgage rates dropped quickly today as global financial markets underwent a volatile shift. When money is flowing out of stocks and into bonds (as it...
Thu, May 23 2019, 9:12 AM
In the day just passed, bonds rallied somewhat sharply as headlines suggested Theresa May was soon to be ousted as Britain's prime minister. Is it po...
Wed, May 22 2019, 5:11 PM
Last we checked, it was going to be October before Brexit had its next hard deadline. So it was quite the back burner sort of market mover this week-...
Wed, May 22 2019, 4:53 PM
Mortgage rates moved higher at a pace that was probably quicker than the average homebuyer would like yesterday . That was part of a 4 day move leadin...
Wed, May 22 2019, 9:18 AM
In the day just past, bonds continued moving higher in yield, adding distance between themselves and the unexpectedly low levels seen during the trade...
Tue, May 21 2019, 5:11 PM
Bonds have been threatening to end their pleasantly surprising stint of gains over the past few weeks on each of the past 4 business days. Yesterday'...
Tue, May 21 2019, 4:50 PM
Mortgage rates had a fairly decent day yesterday as far as most lenders are concerned. A few lenders saw fit to bump rates up in the afternoon followi...
Tue, May 21 2019, 9:31 AM
In the day just past, bonds weakened moderately amid the lightest volume in more than 3 weeks and a relative absence of market moving data/events. Th...
Mon, May 20 2019, 6:25 PM
Both stocks and bonds have been edging back into less panicked territory after trade war drama fizzled out last week. In other words, stock prices an...
Mon, May 20 2019, 5:18 PM
Mortgage rates moved microscopically higher today, depending on the lender. In terms of underlying movement in the bond market, however, rates should ...
Mon, May 20 2019, 9:42 AM
In the week just past, bonds managed to extend the already unexpected gains that began on May 6th following a sharp escalation in US/China trade war r...
Fri, May 17 2019, 4:01 PM
Bonds began the overnight session in unchanged territory but began to improve on various news reports that fueled a global flight-to-safety. These in...
Fri, May 17 2019, 3:35 PM
Wednesday was the best day this week for Mortgage rates with the average lender at the lowest levels in more than a month and very close to the lowest...
Fri, May 17 2019, 8:53 AM
In the day just past, bonds enjoyed a break in trade-related headlines, an absence of new Italy/EU drama, and a reasonably informative set of economic...
Thu, May 16 2019, 5:57 PM
Bonds finally moved in a less friendly direction today after 3 solid days of gains. The losses were logical, though, considering an absence of geopol...
Thu, May 16 2019, 4:37 PM
Mortgage rates hit the lowest levels in more than a month yesterday and came very close to the lowest levels in more than a year. Things changed today...
Thu, May 16 2019, 7:54 AM
In the day just past, bonds rallied profusely on news that Italy would defy EU budget rules in laying out expenditures to stimulate its economy, thus ...
Wed, May 15 2019, 5:07 PM
Interestingly enough, the most interesting thing that happened to the bond market today happened in the overnight session. It accounted for most of...
Wed, May 15 2019, 4:48 PM
Mortgage rates have had a few first world problems to complain about recently. Well, there's really only been one: a relative inability to keep pace w...
Wed, May 15 2019, 8:27 AM
In the day just past, bonds put in an extremely calm trading session with the lowest volume and volatility in weeks. Treasuries ebbed inconsequential...
Tue, May 14 2019, 4:41 PM
From a volume standpoint, today was only a bit more than half as big as the highest recent days. And you'd have to go back to April to find anyth...
Tue, May 14 2019, 4:22 PM
It's been a while since the bond market (which dictates rates) has been able to digest what we would consider to be a "top tier" economic report. Why ...
Tue, May 14 2019, 8:32 AM
In the day just past, bonds and especially stocks remained transfixed by trade-related headlines. This follows an entire week marked by the same preo...
Mon, May 13 2019, 5:25 PM
Trade war trading struck back today, just when you thought you'd seen the last of it on Friday. In this installment, news stories about various respo...
Mon, May 13 2019, 4:37 PM
Mortgage rates moved moderately lower to start the new week as trade tensions remained in focus. In general, the worse the US/China trade relationship...
Mon, May 13 2019, 9:56 AM
In the week just past, markets were slavishly tuned-in to headlines and developments surrounding US/China trade relations . This generally resulted ...
Fri, May 10 2019, 5:46 PM
Trade-related headlines continued to be all the market cared about for one final day this week. They went both ways, but by the end, it was clear we'...
Fri, May 10 2019, 5:12 PM
Mortgage rates moved up on Friday, ultimately making it to the highest levels of the week for the average lender. Underlying bond markets came under p...
Fri, May 10 2019, 8:31 AM
In the day just past, markets continued to gyrate on trade war headlines more than anything. The overnight session saw some bond buying on tough talk...
Thu, May 9 2019, 4:44 PM
It's been an interesting week so far with trade war developments taking bonds in an unexpected direction unexpectedly quickly and MBS underperforming ...
Thu, May 9 2019, 4:07 PM
Mortgage rates were just slightly lower on average today with some lenders flat and others distinctly lower. The discrepancy is due to the timing of y...
Thu, May 9 2019, 9:13 AM
In the day just past, bond markets put in their first losing session after 3 straight business days moving in a friendlier direction. Chalk that up t...
Wed, May 8 2019, 5:24 PM
First thing in the morning, it looked like we had a chance to see another trade-war-driven bond rally. A Reuters story that detailed the US/China com...
Wed, May 8 2019, 4:42 PM
Mortgage rates began the day in decent shape after more trade war drama courtesy of a Reuters story overnight. In general, trade war drama pushes stoc...
Wed, May 8 2019, 9:07 AM
In the day just passed, bonds continued to rally as more details about recent trade war drama unfolded. Actually, those details unfolded late Monday ...
Tue, May 7 2019, 6:15 PM
For the second straight day, US/China trade relation uncertainty dominated financial markets. Volume was up across the board with Treasury yields and...
Tue, May 7 2019, 5:53 PM
Mortgage rates didn't move much today, if at all. This is confounding to all those who have watched rates against the backdrop of 10yr Treasury yields...
Tue, May 7 2019, 8:53 AM
In the day just past, a weekend Trump tweet announcing increased tariffs on China sent bond yields and stock prices much lower. Both bounced back thr...
Mon, May 6 2019, 5:13 PM
Today represented a classic example of the old market adage "buy the rumor, sell the news." It also offered two different takes on that strategy fr...
