It's no great secret that the outgoing week didn't offer much in terms of hotly anticipated events with the power to make or break momentum in the rat...
The latest New Home Sales report (released today) shows a slight uptick in June after last month’s sharp drop. The seasonally‑adjusted annual sales pa...
Bonds were initially stronger, then weaker in the overnight session. There was a bit of additional selling in the first hour, but none of it correspo...
If you want to see an unscripted moment where politics and the central bank collide, thank Ken Sonner for sending over this clip of President Trump an...
After falling for 5 straight days leading into Tuesday, mortgage rates have now moved slightly higher on each of the past two days. As was the case wi...
July 24… While much of the nation swelters, if you live in Utah, it’s Pie and Beer Day. Uh, I mean, Pioneer Day. The average home in Utah now costs $5...
Jobless claims data continues to defy a majority of other labor market metrics in showing a remarkable lack of any signs of softening. In fact, the 4...
It's been a pretty good run for mortgage rates since hitting their most recent highs last Tuesday. Each subsequent day saw a modest improvement. That ...
Two months ago, existing home sales hit a five-month low. Last month’s report showed a minor rebound. This month’s update, released July 23, shows a r...
The analytical theme this week has been to observe the market movement and then go scrambling for justification. Such is the nature of a week without...
The residential lending industry touches all facets of life, and the best LOs are not focused strictly about mortgages. I start off this Commentary wi...
Last week, we got a sneak preview of how the market would react to Fed Chair Powell ending his term early. In a nutshell, only the shortest-term rates...
While stock market volatility may be a drop in the bucket in the bigger picture, earnings season tends to increase volume and liquidity. This can spi...
You may not believe in climate change, but your insurance company and mortgage servicer certainly do. It is a fact that warmer air can hold more moist...
Mortgage rates didn't move much on Monday, but they moved in the right direction with the average lender 0.03% lower for a top tier 30yr fixed scenari...
It seems like only 2 weeks ago (because it was) that we encountered an entire week without any major events on the econ calendar. The present week is ...
“Sometimes, someone unexpected comes into your life outta nowhere, makes your heart race, and changes you forever. We call those people cops. (Where d...
While any rate watcher's bingo card should always have a few squares devoted to "unchanged, flat, etc.," this week's had at least as many squares rese...
Mortgage application activity dropped sharply last week as rates moved higher, according to the Mortgage Bankers Association’s (MBA) latest survey. Th...
Builders are placing their better days in the future according to the National Association of Homebuilders (NAHB) and Wells Fargo's latest Housing Mar...
The latest Residential Construction report from the Census Bureau showed a mixed bag for June, with a modest gain in overall housing starts driven by ...
At the end of a week with a few big ticket economic reports and unexpected headline-induced volatility, who wouldn't like a break? Friday's calendar ...
With all of this talk about replacing people in our biz, could this be a future mortgage banker’s conference? Delta is moving toward eliminating set p...
Despite all of the economic data and news headlines over the past few days, mortgage rates have barely budged since last Friday. That was not what we ...
There were multiple economic reports on tap this morning (4 of them in the 8:30am slot), but the headliner on a Retail Sales day is almost always goin...
“I forgot to put the seat belt on my five-year-old boy this morning and as we were leaving the trailer park, somebody shouted, ‘You're an irresponsibl...
This morning brought another inflation report. Given the negative reaction to yesterday's inflation data, there was some cause for concern. Thankfully...
JPMorgan told FinTechs that it will charge for access to its customers’ bank information. The fees would bring big bucks to JPMorgan but eat into the ...
Tuesday's CPI reaction was frustrating. Bonds rallied for an hour only to sell off for the rest of the day starting at 9:30am. Things are off to a di...
Mortgage rates are based on bonds and bonds don't like inflation. When inflation reports are higher than the market expected, rates tend to rise, all...
Here’s a cool password: 2 444 66666 8888888 9. (You can figure it out.) I’m no IT wizard, but some are. Do you want AI to open your emails and create ...
If market watchers get out their magnifying glasses, they can certainly find some evidence of tariffs impacting inflation in various goods, but those ...
Today's movement in mortgage rates, in and of itself, is barely worth mentioning. The average lender remains close enough to Friday's levels but is t...
In news for fans of the wholesale lending channel (more below), heading into the baseball All Star Break the Philadelphia Phillies, owned in part by F...
Monday is proving to be a good candidate for a bonus summertime weekend day so far. Volumes and volatility were low overnight and trading levels are i...
Yesterday, we characterized the prevailing mortgage rate momentum as "broadly sideways," and while that's still very true in the bigger picture, words...
Don’t forget to snag your free Slurpee today at participating 7-Elevens! Speaking of edible things, I like my Frosted Flakes, Froot Loops, and Raisin ...
In terms of news that seems like it should be important, the biggest overnight development was the announcement of a 35% tariff on Canadian imports st...
Bonds Brace For Stormier Weather After This Week's Smooth Sailing
Despite a few inconsequential ups and downs, bonds ultimately traded with forgettable, sideways momentum this week. Friday did nothing to chan...