There are those who always try to portray the glass as being half full when it comes to the housing market. Then there are those who love a full glass...
For those in the housing and mortgage market, there's certainly been a shift in the tone over the past few weeks. I can't speak for everyone in that ...
The two reports most capable of surprising the market this week were Thursday's GDP and Friday's PCE. While it's always good to maintain some respect...
Every lender or investor with an “a” in their name seems to be subject to rumors and news in recent months. (More on Flagstar and American Pacific bel...
Scheduled economic reports are one of the first places the market looks to get a read on interest rate momentum. Of all the days this week, Thursday ...
The Census Bureau's regularly scheduled monthly report on New Home Sales was released this morning. The annual pace of 616k was right in line with th...
Thursday's opening commentary could very well end up being the closing commentary. We came into the day entertaining the possibility that economic da...
The most dangerous statement in the English language is, “But we’ve always done it this way.” Referral business has always been a mainstay in our biz,...
Mortgage rates are primarily determined by the bond market, and it's been an uneventful week for bonds! That means we haven't seen much of a change i...
If you'd like to skip right to the end, the week is shaping up to be every bit as inconsequential as anticipated with bonds holding in a fairly narrow...
There are a lot of topics being covered here at the MBA’s IMB conference. One of them is hedging, and if you want a primer on how lenders are protecti...
Mortgage loan activity posted a third straight gain during the week ended January 20 . The Mortgage Brokers Association (MBA) said its Market Composi...
Mortgage rates began the day at higher levels than yesterday for the average lender, but the movement was fairly small. Most lenders were still able ...
After having a case of the Mondays yesterday (unclear motivations and range-bound weakness amid low volume and light liquidity) bonds are back in the ...
Conference attendance in 2023 may be down, given layoffs and budget cuts, but here’s a handy dandy list of events this year and state organizations. (...
After hitting the lowest levels in 4 months at times over the past week, rates have drifted up a bit. There hasn't been much rhyme or reason behind t...
Reduced to the most simplistic of considerations, bond market price movement is all about supply and demand. The same is true of just about anything ...
Do you know what “splooting” is? Here’s a hint: 4-legged animals do it. (Hey, I don’t make these things up.) Quite the word. Words are very interestin...
Since coming off the highest rates in more than a decade in November, bonds ran into resistance just before the end of the year. That resistance coin...
Existing home sales fell back for the 11th straight month in December according to the National Association of Realtors® (NAR) The month’s sales of ...
What would this opening paragraph be without some fun, non-mortgage stuff? Watch a rare livestream of bald eagles nesting on eggs in California. 32 tr...
If you cross paths with the average mortgage rate article (or tweet/post/etc) today, chances are you'll see some mention of "rates moving lower." Tha...
In a single moment, the fees for a vast majority of new mortgages in the US have changed. In some cases, the changes are drastic, both for better and...
“Wet” January is going well for me. Wait… did I get that wrong? If food news is more to your liking, Krispy Kreme has rolled out donuts covered in Bis...
Mortgage rates moved down at a fairly quick pace today following a slew of rate-friendly headlines. Technically, the headlines were good for the bond...
A friend out in California asked me how much, on average, I spend on a bottle of wine. I replied, “About half an hour.” Plenty of wine is being consum...
There was a fair amount of anticipation over the most recent policy announcement from the Bank of Japan (BOJ) which came out early in the overnight se...
On top of the solid report on mortgage volume earlier today, comes another hopeful report from the construction industry. The National Association of ...
A friend out in California asked me how much, on average, I spend on a bottle of wine. I replied, “About half an hour.” Plenty of wine is being consum...
The holiday-shortened week sees mortgage rates starting out slightly higher when compared to the end of last week. Versus any other day in the past 4...
By the middle of December, bond yields made a convincing move down from decades-long highs and settled in a sideways range on CPI/Fed week. We re-ent...
Carol K. writes, “Back in my day there was so much cheap toilet paper and eggs that we would throw them at the houses of our enemies.” And then there’...
Mortgage rates officially hit their lowest levels in 4 months after this week's inflation data. Despite the recent progress, Fed officials continue to...
Recently, the bond market's job description seems to be almost entirely focused on reacting to CPI and then waiting for the next one. Perhaps we can ...
“When cannibals ate a missionary, they got a taste of religion.” In late 2022 vendors and lenders had a taste of the first part of 2023, and it isn’t ...
Today brought the scheduled monthly release of the Consumer Price Index (CPI). Of all the monthly economic reports, this one has had the biggest impa...
CPI came out very much in line with forecasts. We'd discussed the possibility of threading the needle in terms of financial markets not moving much i...