Real Estate News

Mortgage News Daily

• Boring Monday Keeps The Focus on Next Week
  Boring Monday Keeps The Focus on Next Week Monday may as well have been a 3rd weekend day as far as the bond market is concerned.  While equities are preoccupied with earnings, bonds were trading at about HALF their normal clip based on the past 2 weeks of average volume.  There were no relevant economic […]
• Mortgage Rates Essentially Flat Just Under 5 Month Highs
  Mortgage rates began the new week at almost exactly the same levels seen at the end of last week.  There were no major events or economic reports to cause volatility in the underlying bond market, but bonds were able to improve modestly by the end of the day. In general, bond market improvement leads to […]
• Piggyback, 2nds, POS Products; G-Rate’s CEO Podcast Interview; Agency News
  When I was a kid, whenever I would walk by a pay phone or newspaper vending machine, I’d check the coin change slot. Or periodically check under my Dad’s La-Z-Boy… every penny or dollar counted! (Nowadays, I still get excited when I find a forgotten quarter in my own pants or backpack.) Plenty of folks […]
• Slow Start to What May be a Slow Week
  It's no secret that a vast majority of bond market movement these days occurs in response to a small handful of economic reports and the Fed's quarterly updates on the rate hike outlook (via the dot plot).  That means we see several weeks each month without any big ticket market movers. This week arguably qualifies.  […]
• Sometimes Sideways is The Best Case Scenario
  Sometimes Sideways is The Best Case Scenario Granted, there was a possibility that today could have been a rally day for the bond market, but as seen in the overnight trading session, that possibility depended on the escalation of war in the Middle East.  There aren't many other reasons for bonds to push back too […]
• The Case of The Disappearing Rate Cuts
  The Fed expected to be able to cut rates 3 times in 2024 as recently as March. Financial markets agreed. But the data that's come out since then has everyone singing a different tune.  This week's data was more of an afterthought compared to last week's. The chart above pertains to Fed rate expectations, and […]
• Cybersecurity, TPO, Verification Tools; Tech Tracking Whereabouts; Why Rates Are Where They Are
  It is “Take Your Child to Work Day” next Thursday which, if you work from home, is probably like a day off from school for the tyke. (I won’t be bringing my son Robbie to work, who, as I write this, is pedaling from Chicago to New York and bunked down last night in Union […]
• Gradually Pulling Back From Flight to Safety Bid Overnight
  The overnight session began with a very clear flight to safety in stocks (sell) and bonds (buy) on headlines regarding increased hostilities between Iran and Israel.  There have been plenty of "increased hostility" headlines this week that have not had much impact.  These were different because the initial newswires played up the risk to Iran's […]
• Good News and Bad News About Today's Selling
  Good News and Bad News About Today's Selling The bad news is that bonds resumed their weaker tendencies today with 10yr yields moving back up into the 4.6's.  Culprits included stronger economic data, hawkish Fed comments, and possibly the fact that the previous day's gains were driven by corrective short-covering.  The good news is a […]
• Mortgage Rates Higher Today, But Not Quite as High as Tuesday
  Tuesday marked the highest mortgage rates since November, capping a mini surge that began after last week's inflation data. After a moderate improvement yesterday, rates moved back up toward (but thankfully not above) the recent highs today.  Financial markets reacted to stronger economic data and comments from Federal Reserve officials regarding the possibility of no […]