I like to say that I am one good Lottery Scratcher away from ditching this daily Commentary gig and starting something new. All kidding aside, where should we start today? With the rumored FICO ...
The good news is that today's average top-tier 30yr fixed rate ended only 0.01% higher than last week's high (7.61 vs 7.60). If you are only interested in good news, have a great rest of your Monday ...
If rate movement were a car, it's been driving pretty recklessly recently, and definitely not keeping good pace with other motorists. But every now and then, we see a break in the craziness. The ...
What Will it Take For Bonds to Recover? Another day, another sell-off without any satisfying explanations. To be fair, you ...
Another week begins with the frustrating reality of the bond market selling just because there's no reason to buy. To be fair ...
It's a rarity these days, but mortgage rates actually moved lower today by more than a token amount. The average top-tier ...
Today brings us the MBA of the Carolinas conference, where demographics, technology, and “building a team” are on the agenda.
For a few moments this morning, it looked as if rates might buck the recent trend and recover a bit of ground today. The ...
MBS are up more than 3/8ths and the 10yr is down almost 6bps at the lowest levels in a week after the job count came in at ...
Why Bonds Sold Off Despite Weaker Jobs Report First off, read the AM commentary if you haven't already. This recap doesn't add much to that (but the video adds a lot). Bottom line, NFP was weaker, but ...
Mortgage rates rose 0.04% today to an index value of 7.57% for a top-tier 30yr fixed scenario for the average lender today. That uptick in and of itself isn't especially large, but it's a bit ...
Core PCE came in at 0.2 vs a 0.3 forecast, and the bond market rallied a bit in response. That said, the unrounded number was ...