Mortgage rates moved higher today at the fastest pace in 2 weeks. Part of the reason the size of the jump was the fact that rates have done quite wel...
Homebuilder confidence may still be higher than almost any time before the pandemic, but it's now lower than any time since. The post-pandemic lows a...
Bonds have had a good run recently--perhaps their best when it comes to arguing for a ceiling to cap the brutal rate spike of 2022. The week began wi...
Keeping things in perspective, last Thursday the White House announced a raft of measures to alleviate the ongoing baby formula shortage, which has wo...
Mortgage rates are coming off of one of their best weeks in nearly 2 years, which isn't quite as glamorous as it sounds, but still a good accomplish...
Plenty of capital markets folks, senior management, and the usual cadre of vendors are here in Manhattan, doing the macarena until 2AM. Okay, just kid...
The volume of commercial and multifamily mortgage loan originations jumped 72 percent in the first quarter of 2022 compared to a year earlier. The M...
Mortgage rates have moved higher at the fastest pace in decades so far in 2022, but this week proved to be a refreshing exception. To understand why,...
Bonds shook off a bit of weakness in Europe to start the new week in slightly stronger territory. Gains have continued into domestic hours, which bri...
English grammar… what a hassle. Is it "lay" or "lie"? - Are you sure you're using them correctly? “Than” versus “then?” One should use “than” only wit...
The relationship between stocks and bonds is much more complicated than most people assume. Conventional wisdom holds that stock prices and bond yiel...
Multiple headlines are citing higher mortgage rates today. Even if you read past those headlines, you'd still be left with the impression that this w...
Mortgage application volume continued its recovery last week driven by a second strong increase in purchasing activity. The Mortgage Bankers Associati...
For the first time in months (and longer than that if we factor out the artificial/temporary boost from the Ukraine flight to safety) bond yields are ...
Remember: April is National Procrastination Month! I could tell that my cat Myrtle was displeased the other morning. She’s very secretive about her fi...
Black Knight says the steep ascent of mortgage rates, the 30-year conforming jumped 63 basis points in April, was matched by a sharp drop in rate lock...
Consumers opinion about the wisdom of buying a home went underwater in April 2021 and continues to sink. Fannie May says the question about whether it...
By the middle of the day today, certain rates at many mortgage lenders were a quarter of a percent lower than they were yesterday morning. A drop of ...
Both at the headline and core levels, April's Consumer Price Index (CPI) came in hotter this morning. This was a high-consequence report for bonds, a...
For the 3rd or 4th time (depending on your standards), yields are attempting to find a ceiling after launching abruptly higher in early March (1.67% t...
Depending on when you looked this morning, MBS prices may have been red or green, and the gap between any two quotes was rather large (a quarter of a ...
Recently in Reno I overheard someone predict, “Forget Wikipedia. How about someone create ‘Liquorpedia’ with an encyclopedia of alcohol and drink reci...
It was yet another tough week for the mortgage market with rates rising to their highest levels since 2009, but how high have they actually risen? Th...
The jobs report is traditionally the most important piece of economic data on any given month. It's even had the power to move the bond market as rec...
Here’s a stream of consciousness paragraph for you. “Rob, what are you hearing about companies laying off, furloughing, right-sizing, whatever, employ...
Solid Fed day and solid rally in response yesterday... Now today, it's not just a complete 180°, but a 180° plus more insult to injury as yields surg...
Today brought the much-anticipated policy announcement from the Federal Reserve. Many people mistakenly believe that the Fed's present day decisions ...
Life is complicated. Take the Black Knight purchase by ICE. Some vendors are out there licking their chops at their company’s valuation while others a...
The volume of mortgage application submitted during the week ended April 29 ended a seven-week slide. The Mortgage Bankers Association (MBA) said purc...
At the risk of repeating too many words from yesterday's recap, we'll leave it at this: the Fed will hike by 50bps today. It won't be a surprise to t...
May the 4th be with you! Without the lisp, there are many forces tugging at lenders and vendors. Forget 2020 and 2021. Recruiters are asking LOs what ...
Total construction spending continues to roar ahead of its 2021 pace, led again in March by another double digit increase in the residential compone...
10yr yields came into the day looking comfortable in the rejection of the 3% ceiling that was briefly tested yesterday and overnight. That occurred a...