Real Estate News

Mortgage News Daily

• Buy Before You Sell, Jumbo, CRM Tools; Climate and Catastrophes; Fannie Earnings
  I don’t know where April went, but we’re at the end of it, and 2025 is 1/3 over. The future sure quickly becomes the past. In the book “1984” George Orwell observed, “Who controls the past controls the future. Who controls the present controls the past.” What does that have to with today, or with […]
• Lots of Econ Data and Mixed Messages, But Not Much Change in Bonds
  In terms of line items, Wednesday morning is the week's most active morning for economic reports. Several of them were potentially important, but the net effect has been muted so far.  In fact, MBS are perfectly unchanged despite an initial sell-off at 8:30am.  Long story short, GDP was a bit better than expected after accounting […]
• Trading Range Restored. Big Data on Deck
  Trading Range Restored. Big Data on Deck Today's trading was almost a carbon copy of yesterday's with overnight losses, an AM reversal, and gradual improvement that leveled off in the PM hours. With those gains, 10yr yields made a full round trip back to the lower boundary of the pre-tariff trading range of 4.19-4.34.  That […]
• Friendly, Stable Trend Continues For Mortgage Rates
  It's now been more than a week since mortgage rates ended the day higher than the previous day.  And we haven't recovered quite as much lost ground as 10yr Treasury yields, we're getting pretty close to fully re-entering the narrow range that persisted before the April 2nd tariff announcement.  [thirtyyearmortgagerates] Depending on one's worldview, tariffs […]
• Tech Change, Borrower Communication Tools; Webinars and Training This Week; Audrey Boissoneau Interview
  My cat Myrtle was always interested in both the primary and secondary markets… for line-caught halibut. In residential lending, the secondary markets shouldn’t be a mystery to anyone. Did you know that Fair Housing laws apply to the secondary markets? HUD’s overview notes that “It is illegal discrimination to refuse to purchase a loan based […]
• Bonds Erase Overnight Weakness With Help From Tariff Talk and Data
  Once again, bonds were modestly weaker overnight and once again, that weakness is being reversed in early trading. Whereas scapegoats were nowhere to be found yesterday morning, Tuesday has a few. The first move followed a comment from the White House regarding reports that Amazon was considering listing tariff impacts on prices. While this has […]
• No Whammies in Treasury Borrowing Estimate
  No Whammies in Treasury Borrowing Estimate Bonds were slightly weaker overnight but quickly moved into stronger territory as volume and liquidity ramped up for the new week. Gains were modest and linear--largely extending the friendly trends seen last Thu/Fri. The only key calendar event was the Treasury refunding estimates this afternoon.  While there are some […]
• Mortgage Rates Start New Week Slightly Lower
  Mortgage rates ended last week at the lowest levels since April 7th.  The average lender remained at those same levels at the start of business today, but many lenders offered modest improvements as the day progressed. Mortgage lenders prefer to update rates only once per day, but they will make mid-day adjustments if the underlying […]
• Bonds Starting New Week at Last Week's Best Levels
  When getting a sense of what's happening in the bond market, it's frequently safe to ignore the last 2 hours of trading on Friday and the first 2 on Monday. When that logic is applied today, we found this morning's 10am yields precisely in line with Friday's 3pm levels and MBS doing just a bit better. There […]
• Eerily Calm and Strong For 2nd Straight Day
  Eerily Calm and Strong For 2nd Straight Day After being heavily conditioned to expect elevated volatility with unpredictable timing, the past two trading sessions have been tremendous departures from the norm. Both days featured linear, reasonably big  improvements without any singular flashpoints that deserve any more credit than a general sense of cooler heads prevailing […]