Uncanny Calm Unlikely to Last For the third straight day, the bond market traded in a range that was significantly more narrow than almost any other day in more than a month.  By the time we consider the ove... (continue reading)

This week's theme has undoubtedly been the extreme absence of volatility in the rate market.  Whether we're looking at mortgage rates themselves or a broader rate benchmark such as 10yr Treasury yields, both are right in line with Monday afternoon's latest levels. What's up with that? The bond market (which dictates rates) requires a stead... (continue reading)