Summertime trading is detectably different from the rest of the year. Volume and liquidity are a bit lighter. Counterintuitive moves are more common...
Loan officers who’d like to learn a thing or two about the current prospecting environment are invited to listen in today at 2PM CT/noon PT as Steve R...
When it comes to mortgage rates, Thursdays frequently lend themselves to a discussion about fact versus fiction (or "delayed fact" as it may be) in ne...
Up is down, old is new, green is red, etc. Here we are with a second straight day with inflation data coming in significantly lower than forecast and...
We began 2022 thinking that this might be the “Year of Non-QM.” The product certainly has its advantages for some borrowers, and lenders & investors. ...
First thing's first: we deal in extremely granular terms when it comes to mortgage rate movement here. If you're just looking for an idea of how toda...
Reliably predicting the future in terms of directional market movement is tricky if not wholly impossible, but predicting higher odds of volatility is...
Big and small, they aren’t the first and won’t be the last. Residential lenders everywhere are ruminating on Notarize laying off 75 percent of its leg...
Mortgage applications rose slightly for the second week, driven by an increase in refinancing. The Mortgage Bankers Association (MBA) said its Market ...
Mortgage rates had a bad day last Friday, rising at a very fast pace and ultimately making it almost all the way back to the previous week's highs. T...
Last week offered up decent bookends for a narrow, short-term range. A series of downbeat economic reports set the low yields last Monday. Then Fed ...
Singer/actress Olivia Newton John AND author David McCullough, both dying to start the week? (I just finished “Mornings on Horseback.”) After I die, I...
It will be a few weeks before we get the next installment of the bellwether home price indices (Case Shiller and FHFA), but today's Mortgage Monitor f...
How much would you pay for a company responsible for a funny video? How ‘bout $1.7 billion bones? Amazon, catching the eye of the FTC, has made an off...
Although Friday's post-payrolls sell-off was unpleasant for the bond market in the context of a single trading day, it was arguably a resilient showin...
The big monthly jobs report from the Labor Department (officially "The Employment Situation) is one of the most reliable sources of volatility for int...
This morning's jobs report showed payroll creation at 528k for July compared to a median forecast of 250k and a previous reading of 398k. Perhaps equ...
Please answer the short questionnaire at the end of the Commentary. Okay, just kidding. I have grown to really dislike a survey request after I stay a...
Regular readers are all too familiar with my fairly regular habit of explaining discrepancies between reality and the typical mortgage rate headlines ...
This morning's announcement from the Bank of England (BOE) led to a bond rally that helped 10yr yields hit 2.656% and MBS gain more than an eighth of ...
“Senility has been a smooth transition for me.” So quipped an attendee here at the Michigan Mortgage Lenders Association conference in Grand Rapids. T...
We've devoted lots of time and space recently to discussing the uncommon mortgage rate environment recently. The abbreviated thesis can be reduced to...
Written before today's ISM data: As of Monday afternoon, 10yr yields had spent 3 days breaking below a floor that had been intact for more than 3 mon...
As rumors of correspondent, wholesale, and retail company cutbacks or closings continue to bounce around our biz, how about this non-mortgage tidbit. ...
Mortgage application activity rose last week, reversing a series of declines that started in late June. The increase was modest; the Mortgage Bankers ...
Mortgage rates leapt higher at a record pace today--a statement that sounds a bit scarier than it really is by the time we consider the context. The ...
While annual price increases are still wildly aggressive, monthly gains indicate that the brakes may be on. CoreLogic says nationwide, home prices wer...
No one wants to be Chicken Little when bonds are in the midst of a nice rally, but there's been no change to the recent thesis: Rates likely peaked in...
“How many millionaires do you know who have become wealthy by investing in savings accounts?” Lenders, and their underwriters, work with income, value...
After several attempts to break through the low 2.7s in the past 4 months, 10yr yields finally made it into the 2.6s last Thursday and managed to hold...
Both basketball player Bill Russell and Nichelle Nichols, Lt. Uhura on Star Trek,” passing away!? Meanwhile, today I head to Chicago, the #1 city for ...
Both the June PCE inflation data and the Employment Cost Index came in hotter than expected this morning. Bonds certainly thought about selling in re...
It’s a zany world we live in, and forecasts and predictions mean little (as seen by interest rates this week). Where should we start? Rumors of mortga...
Mortgage rates have been all over the map recently, both in terms of their movement and in their variation between lenders. It's not altogether uncom...
Feel free to debate recession vs no recession amongst yourselves. The economy is more complex than a single word, but today's GDP number says the eco...
My cat Myrtle has some publicity once in a while, although she doesn’t want people knowing she can only hear out of one ear. Freddie Mac had some publ...