It was nearly impossible to avoid news regarding the debt ceiling this week, but how much does it actually matter? Let's make sure we're on the same ...
Did you know that wheat futures prices are at a 2-year low? And lumber prices continue to drop? Those numbers should help reduce inflation. During the...
It was bad news but big news a few days ago when the average top tier 30yr fixed rate made it back to 7% for the first time since early March. After ...
Despite vague hints of support over the past few days, the bond market is back to the same old tricks seen last week. It's actually a pretty simple t...
The number of contracts to purchase pre-owned homes was unchanged in April. The National Association of Realtors® (NAR) said its Pending Home Sales ...
My notes from the MBA’s conference this week continue, including talk about new home sales being +4.1 percent for the month (+11 percent year over yea...
Wednesday was a fairly volatile day for mortgage rates. The movement wasn't extreme, but there were a few lead changes. The day began with the avera...
As the MBA’s Secondary Conference in New York wraps up, and jokes are made about who actually paid for Fannie’s reception (informally titled “The Repu...
UK inflation data came in HOT overnight with the core m/m reading up1.3% vs 0.9% f'cast, a far cry from the 0.4% m/m core inflation in the US and anot...
The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan application volume, decreased 4.6 percent on a seas...
Today's headline is the most dramatic part of today's story on mortgage rates. The average top tier 30yr fixed rate has been mostly operating in a 6-...
Today's most relevant econ data--S&P Global Services PMI--came in at 55.1 versus a 51.5 forecast. In a world where the bond market is generally afrai...
Does your company have a decent product for a borrower who crowd-funded their down payment? How about a house with a granny unit in the back? Trends i...
There are some broad rate surveys/indices that show 30yr fixed mortgage rates under 6.5% or close to it, but it's a bit of a mystery as to how such a ...
If you're as determined as we are to avoid reading any more than you need to about the debt ceiling, then the Fed is pretty much the only game in town...
If you’re staying here in Manhattan, space is at a premium. I don’t recall the last time my room had a bathroom where one could turn the shower on, fl...
The debt ceiling debate is all over the news, but it's a different ceiling is commanding more of the bond market's attention. Still, we wouldn't say ...
Yesterday's headline was "range breakout?" with a question mark. We only need a change in punctuation to adapt the headline to today's reality. Yiel...
For me, yesterday involved a trip from Connecticut to Northern California, with talk of a lack of inventory, relatively high mortgage rates, and loan ...
It may not be a death by a thousand cuts, but mortgage rates are suffering a bit of blood loss from roughly 5 cuts. Specifically, the past 5 days hav...
Existing home sales account for the lion's share of all home sales in the U.S. Unlike "New Home Sales," this data series tracks previously sold homes...
This Commentary has made a name for itself in covering breaking, shocking news that other, lesser outlets are too timid to even mention. “One day I ho...
Mortgage rates have been moving higher since late last week, ultimately hitting the highest levels in just over 2 weeks yesterday, but that trend ende...
One would think that the debt ceiling debate would be a key issue for the bond market considering Treasuries are sort of the definitive US government ...
The April Residential Construction Report from the U.S. Census Bureau and the Department of Housing and Urban Development shows mixed results in April...
I head to Connecticut early today for the CMBA conference, but on another personal note, congratulations to Robbie Chrisman, host of the daily mortgag...
The volume of mortgage applications, which had risen by more than 6 percent the prior week lost nearly all those gains during the week ended May 12. T...
Mortgage rates didn't change much today. The average lender was only a hair higher than yesterday afternoon. But that was enough for today's rates t...
Home builders’ attitudes about the market for newly constructed homes continued to improve in May, partially due to the lack of available pre-owned ho...
Bonds began the day in slightly stronger territory but are in the midst of a paradoxical sell-off following weaker than expected Retail Sales. Weaker...
While Academy Mortgage is in the headlines again about its data breach and ransomware, from which no company seems immune, remember that, “In a democr...
For those who only want to be woken up when mortgage rates make a big move down into the 5% range or back up and over 7%, you're free to go. The most...
While it may be blessing for rates to be flatter and more predictable lately, the fact that the sideways range is close to long-term highs feels more ...
“When I was young, I was poor. But after decades of hard work, I am no longer young.” The quip about “The greatest cause of death is birth” aside, we’...
Scroll down far enough on the list of Webster's definitions of the word "consolidate," and you'll find "to form together into a compact mass." Financ...
If I had a dollar for every time someone called me a boring nerd, I'd have a mean daily income of $5.64 with a standard deviation of $1.25. Turning “b...
Mortgage rates inched lower again on Thursday as economic reports came out slightly weaker and bank sector concerns remain in the spotlight. Such thi...
The market is definitely in an on-again, off-again romance with bank drama. Today was already shaping up to be an "on-again" day before the open as P...
Bonds Diverge Over Data Implications
It's been a consistently bad week for the bond market and this morning's data offers little objection. But the damage is playing out in an uneven way with shorter te...