Economic data is one of the most basic and reliable inputs for the bond market. The bond market, in turn, dictates day to day interest rate movement....
If you like low rates, you are often unfortunately rooting for negative economic data. You're not a bad person. Bonds are simply a hedge against eco...
There’s a lot going on, and not only jawboning about a potential Fed rate increase next week. We have the smoke drifting down from Canada and slowing ...
Mortgage rates continue to operate in a fairly narrow range but we've been mostly moving in one direction inside that range so far this month. Late l...
Yesterday, it was the Royal Bank of Australia (RBA) with it's first rate hike after "skipping" a few meetings. Today it was the Bank of Canada (BOC)....
Mortgage news temporarily aside, how about the government contemplating a law that would require cars to have AM radio?! AM radio goes farther than FM...
The four-day business week accompanying the Memorial Day Holiday contributed to a further slowdown in mortgage applications. The Mortgage Bankers Asso...
By Friday, there's a distinct possibility that you'll be tired of hearing different versions of the same story. The plot: last Friday's jobs report p...
With the week's only top tier economic release hitting on Monday morning, the path of least resistance for the rest of the week is a choppy, sideways ...
Well, what should we start with today? How about how California and Texas ranked highest on the United States Postal Service’s annual list of states w...
Mortgage rates held fairly steady over the weekend. That wasn't necessarily destined to be the case as the underlying bond market suggested another m...
Bonds began the day in weaker territory but quickly found their footing after softer PMI data. In particular, ISM Services (50.3 vs 52.2) helped 10yr...
It isn’t as if building or lending products, or ways of doing business, were handed down by Trappist monks. Change is always afoot, for better or wors...
After dominating the news cycle for weeks, the debt ceiling issue is suddenly resolved and the bond market doesn't seem to care. The jobs report prove...
Nonfarm payrolls were up 339k, well above the 190k forecast. At the same time, unemployment rose from 3.4% to 3.7%, well above the 3.5% forecast. Ho...
While lenders are grappling with steadily increasing Agency repurchase requests, it’s National Donut Day! Someone had better offer those folks at Stat...
Bonds had been hoping for econ data to reinforce a ceiling after a recent run to the highest yields in months and the past few days have delivered. T...
The United States has about 336 million people. Did you know that 1/3 of them live within a 500-mile radius of Nashville? This is a cool site for anyo...
After hitting the highest levels in several months last Friday, mortgage rates have fallen fairly quickly in the new week. As bond markets improved t...
The big news so far this week is the absence of any concrete conclusion to the debt ceiling debate (delivered in box labelled "debt ceiling debate sol...
A biologist, a chemist, and a statistician are out hunting. The biologist shoots at a deer and misses five feet to the left. The chemist takes a shot ...
Rising rates and sparse inventories continue to hamper the mortgage market. The Mortgage Bankers Association (MBA) said its Market Composite Index, a...
The past 2 weeks were fairly rough for fans of low mortgage rates. The average lender moved higher at the fastest pace since February over that time....
Whether it was the economic headwinds implied by the stop-gap debt ceiling proposal or a return to the market among traders who'd pared positions ahea...
One of the major home price indices showed a continued increase in national home prices in March and less waffling in some local markets. A second i...
Lender and Broker Products, Software, and Services What do dozens of decision-makers know that would lead them to invest in their origination techno...
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...
Claims Data Completely Erases At Least One Day of Higher Rate Expectations
There have been been several days recently that have resulted in financial markets upping the odds for the Fed keeping rates higher f...