Fri, Jun 7 2019, 5:35 PM
The labor market has been the last bastion of defense against the various threats to the current economic expansion. Inflation may be intractable. ...
Fri, Jun 7 2019, 3:26 PM
Mortgage rates moved decisively lower today following a much weaker-than-expected reading on new job creation in a key report from the Department of L...
Fri, Jun 7 2019, 8:25 AM
In the day just past, bonds managed to hold perfectly flat despite several big-ticket market movers in play. These included the European Central Ba...
Thu, Jun 6 2019, 6:03 PM
In hindsight, it's been a boring week for bonds with each trading day falling mostly inside Monday's range and easily inside the 2-day range set by ...
Thu, Jun 6 2019, 5:19 PM
Mortgage rates didn't move much today. That's been the theme for most lenders every day this week. Rarely has an absence of change been so awesome! Th...
Thu, Jun 6 2019, 8:58 AM
In the day just past, bonds maintained a range that fell almost perfectly inside the range from the previous day. The same was true of the previous...
Wed, Jun 5 2019, 5:00 PM
Yesterday was the first day of major selling that we've seen in more than a month in that 10yr yields moved up more than 5bps from the previous clos...
Wed, Jun 5 2019, 4:37 PM
Mortgage rates began the day very little changed versus yesterday's latest offerings. That meant another morning of access to the lowest rates since l...
Wed, Jun 5 2019, 9:14 AM
In the day just past, bonds put in their biggest day of weakness since mid-April on what looks to have been a purely technical correction. It was an ...
Tue, Jun 4 2019, 5:49 PM
Mortgage rates hit their best levels since late 2017 yesterday and have generally been making stellar moves for the past 2 weeks. To be fair, it's bee...
Tue, Jun 4 2019, 8:45 AM
In the day just past, bonds continued to push feverishly into the lowest yields since 2017. In fact, 10yr yields were only about 1bp away from the l ...
Mon, Jun 3 2019, 5:30 PM
Mortgage rates dropped quickly again today, easily hitting the lowest levels since late 2017 for the average lender. The move comes in response to a s...
Mon, Jun 3 2019, 9:17 AM
Trading weeks don't get much more action-packed that this. Bonds are coming off a surprisingly stellar week. After Trump turned his trade war comm...
Fri, May 31 2019, 4:56 PM
After at least 2 days of (or more) of relatively disconnected markets (i.e. trading levels weren't reliably following any single market mover), today ...
Fri, May 31 2019, 4:16 PM
Mortgage rates were decisively lower today, following a massive market movement on news of new tariffs to be imposed on Mexico. In general, trade wars...
Fri, May 31 2019, 8:34 AM
In the day just past, bonds traded an "outside day" (high and low yields of the day fell OUTSIDE the highs and lows from the previous day). This sign...
Thu, May 30 2019, 4:00 PM
Mortgage rates were mixed today, with some lenders holding steady while others offered mid-day improvements in response to strong performance in the b...
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 ...
