Thursday's mark the release of Freddie Mac's weekly mortgage rate survey. It's the longest running and most widely cited measure of mortgage rates, b...
Today's Jobless Claims report is for the week ending July 13th. This is important because the establishment survey for the big jobs report (nonfarm p...
It’s not just Americans who can’t afford U.S. homes. International purchases of U.S. homes over the past year declined 36 percent to 54,300 properties...
Despite an active calendar of events that had the potential to cause volatility, average mortgage rates managed to remain unchanged in the morning and...
Just because an economic calendar is full doesn't mean it's of any major importance to the bond market. Today fits the bill with the two economic hea...
Is anyone else seeing those sensational, “yellow journalistic” headlines saying that real estate is plummeting? Think again. The American Enterprise I...
Mortgage application activity staged a moderately strong recovery from the previous holiday-shortened week, although the recovery was attributable s...
When is a defeat not really a defeat? Mortgage rates have an idea. They're fresh off an incredibly rare 8 day winning streak that took the average 3...
The National Association of Home Builders (NAHB) blamed high interest for lagging new home sales and the resulting dampened industry confidence in bui...
Retail Sales was/is the biggest data point of the week and it came out perfectly unchanged. This was as-expected according to some data aggregators a...
The percentage of refinances of overall volume has fallen dramatically from a few years ago, leaving purchases to be the basis of business out there. ...
We occasionally reference 5 day winning streaks for mortgage rates as the sort of uncommon occurrence that greatly increases the odds of at least a te...
While there's no way objectively quantify the political ramifications of the failed assassination attempt on former President Trump over the weekend, ...
Yes, I know that this is a mortgage commentary, but some things are way above that. (Warning: tissues may be required; what’s happened legislatively s...
Yesterday was all about the CONSUMER Price Index (CPI), which helped mortgage rates drop at the 2nd fastest pace of the year. Today brough the PRODUC...
Rates were prepared to make a big move in one direction or the other heading into today's high stakes inflation data. Fortunately, the Consumer Price...
The Producer Price Index (PPI) is certainly not in the same league as CPI when it comes to bond market impact, but there have been several notable rea...
“I’m sorry, but you can’t always be ‘experiencing a higher volume of calls than average.’ That’s not how averages work.” The “average” person has a st...
The Consumer Price Index (CPI) is the most important economic report for the bond market these days. The most important line item in that report is m...
I have good news and bad news, which do you normally prefer receiving first? Today (7/11) is Slurpee Day at 7-Eleven (good news), where Citigroup exec...
Mortgage rates have been in a narrow range for more than a month now with the average top tier 30yr fixed rate staying within striking distance of the...
The most recent sideways slide began just before noon last Friday. Bonds had rallied in response to the jobs report with 10's closing at 4.29%. Sinc...
“The only time I get asked for sex is on application forms.” Ba-dum-ching! Speaking of applications, most lenders will agree that the loan officer sho...
Mortgage applications declined slightly on a seasonally adjusted basis last week but plummeted on an unadjusted basis during the July 4th week. The we...
Mortgage rates are based on movement in the bond market and bonds haven't been moving much over the past 3 days. That's resulted in very little chang...
“Your call is important to us. Please stay on the line until it is no longer important to you.” To state the obvious, serving customers can make or br...
The new week is one day less new today, but no less sideways so far. Yields rose microscopically in the overnight session, but even that is a generou...
During a recent password audit, it was found that a blonde was using the following password: "MickeyMinniePlutoHueyLouieDeweyDonaldGoofySacramento". W...
Bonds are finding their range in a perfectly inoffensive way to begin the new week. That's a victory considering a bit of weakness is never a surpris...
The average top tier 30yr fixed rate may not be back under 7% just yet, but as of Friday, it is back below the levels seen last Friday. That fact is ...
Today's playbook was fairly straightforward with bonds being likely to move in the direction suggested by the jobs report. The only challenge would h...
Before the internet, everything worked fine without it, right? Just ask the members, whether they be depositors or borrowers, of credit union Patelco,...
"Data dependent" is one of the most common phrases heard from the Federal Reserve these days when it comes to rate-setting policy. And while the Fed ...
The bond market will close at 2pm instead of 5pm today as a part of the Independence Day holiday (fully closed tomorrow). With only a few hours left,...
Did you know that there were 2.5 million estimated people living in the newly independent nation of the United States in July 1776? Per the Census Bur...
Higher interest rates knocked mortgage application volume back last week. But, while purchase volume appears to lose ground year-over-year, refinancin...
As is often the case with internet headlines these days, the headline overstates the reality on the ground--or at least over-dramatizes it. Consider...
Morning Volatility, Afternoon Drift
Bonds began the day in modestly weaker territory before undergoing a bit of volatility after the morning economic data. The two reports in question were Jobless Claim...