Bond Momentum Continues Ignoring Data On multiple recent occasions, we've seen bonds make a moderate move on days with ...

No plan survives contact with the enemy.” While Freddie rolled out its AI plans, for some lenders, mortgage companies owned ...

Mortgage rates improved more noticeably today, and while the average rate isn't quite as low as it was last week, it's fairly close.  Rates are based on movement in the bond market. Bonds were most ...

Unlike Monday, which saw a fairly brisk move toward higher rates, Tuesday barely budged. Additionally, the budging occurred ...

Mortgage rates are based on bonds and the bond market is prone to erratic behavior on major holiday weeks. One of the more ...

The early days of a new trading month and the positioning ahead of next week's Fed announcement have resulted in clear curve ...

Weaker Data Endorses the In-Progress Rally Who knows how today would have ended up if the relevant econ data had come in ...

When did our business start with the catchy slogans? Stay alive in ’25? Stay in the mix in ’26. It’ll be heaven in ’27. How ...

ADP employment report came in at -32k vs a +10k forecast. The logical conclusion would be that the data is responsible for ...

Steady Gains Throughout The Day Bonds began the day in modestly weaker territory although MBS were fairly quick to get back ...

As is most often the case, the Friday after Thanksgiving added nothing interesting to mortgage rate momentum.  The average ...