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Real Estate News |
Mortgage Rates Match Highest Level Since March
Tue, 12 May 2026 19:28:00 GMT
When the Iran war was in its initial escalation phase, the initial surge in markets took the top-tier 30yr fixed rate to 6.64% for the average lender by March 27th. Rates moved more than 0.30% lower by mid April as peace prospect improved. The..[read more]
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Best Ex, Equity, Servicing, AI, Valuation Tools; Job Market's Mixed Signals; Purchase Market Dragging?
Tue, 12 May 2026 14:52:21 GMT
If you're hoping that the summer is going to bring a trend of purchase market prosperity, I hope you're right but there are indications otherwise. Rocket Companies' CEO reported its highest profit in four years, but CEO Varun Krishna told investors t..[read more]
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Slightly Hotter CPI No Problem For Bonds
Tue, 12 May 2026 13:29:16 GMT
This morning's Consumer Price Index (CPI) came in slightly hotter than expected with core inflation running 2.8% annual vs 2.7% forecasts and overall inflation at 3.8% vs 3.7%. Bonds have traded both ways after the data, but after 20 minutes, yields ..[read more]
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Over Before it Began
Mon, 11 May 2026 19:50:10 GMT
Over Before it Began Monday proved to be a boring trading day despite the moderately big sell-off. Yields actually didn't move much during the domestic session. In fact, they didn't move during the overnight sess..[read more]
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Mortgage Rates Rising to Start New Week
Mon, 11 May 2026 19:30:00 GMT
Last week was decidedly stronger for mortgage rates as they either held steady or moved lower on 5 out of 5 days. All told, it was a 0.14% drop from the previous week in terms of the average top-tier 30yr fixed rate. The new week is starting o..[read more]
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Weaker Start After Peace Deal Stalls
Mon, 11 May 2026 15:28:35 GMT
Bonds are starting the day moderately weaker. The reasons are straightforward. Chief among them, Trump rejected Iran's counterproposal to end the war, calling it "totally unacceptable." In response, Iran's foreign minister said it will never bow to f..[read more]
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Calm and Slightly Stronger, But Volatility Will be Back
Fri, 08 May 2026 19:34:37 GMT
Calm and Slightly Stronger, But Volatility Will be Back Once or twice per week, the bond market manages to post a fairly calm trading day against the prevailing backdrop of generally higher volatility. Today was ..[read more]
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Mortgage Rates End Week Slightly Lower
Fri, 08 May 2026 17:52:00 GMT
It ended up being a decent round trip for rates this week. Monday kicked things off with a jump to the highest level in more than a month, and the third highest since August 2025. But that ended up being the only day where rates went higher. W..[read more]
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Higher Rates Hit Mortgage Apps, But Only Modestly
Fri, 08 May 2026 16:56:00 GMT
Mortgage applications declined last week, reversing some of the prior period's gains as rates climbed to their highest level in a month. The Mortgage Bankers Association (MBA) reported a 4.4% decrease on a seasonally adjusted basis for the week end..[read more]
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2-Month Glut of Data Brings New Home Sales Back to Center of The Range
Fri, 08 May 2026 16:30:00 GMT
New home sales moved higher in March and February. Both months were reported on a single day this week as the Census Bureau continues catching up from the government shutdown. After dropping to 587k in January, sales rose to 635k in February a..[read more]
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