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Real Estate News |
Post-NFP Rally Momentum Fades
Tue, 09 Sep 2025 20:04:07 GMT
Post-NFP Rally Momentum Fades When bonds string together several successive days of improvement, the probability of a corrective bounce increases. This is especially true as the rally covers more ground and more ..[read more]
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Mortgage Rates Finally Tick Slightly Higher
Tue, 09 Sep 2025 19:19:00 GMT
It had to happen at some point. After spending 4 straight days of setting new 11-month lows, mortgage rates finally moved higher today, but the headline is much scarier than reality. In fact, many borrowers won't see any detectable difference from y..[read more]
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HELOC, DPA, Non-QM, Merge Assistance Tools; Pennymac/Vesta Deal; LOs and Consistency; Fannie Issuance Dropping
Tue, 09 Sep 2025 15:42:56 GMT
Tomorrow I head from Boise to Jackson for the Mississippi Mortgage Banker's Fall Conference. Certainly a topic in my email in-box and at events is how Freddie and Fannie's market share is ebbing, and at noon PT, 3PM ET, Capital Markets Wrap (presente..[read more]
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These Aren't The NFP Revisions You're Looking For
Tue, 09 Sep 2025 14:31:53 GMT
On August 1st, Nonfarm Payrolls (NFP) not only came out weaker than expected, but the previous two reports were also revised significantly lower. This is the report that generated buzz over the "revisions" in general, as those particular revisions cr..[read more]
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Another 11-Month Low For Rates, But Just Barely
Mon, 08 Sep 2025 19:34:00 GMT
To their credit, most mortgage lenders did an admirable job of aggressively pricing-in the bond market rally after last Friday's jobs report. Many mortgage market pros repeat the phrase "stairs down, escalator up" when it comes to the pace at which l..[read more]
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More Gains Despite Absence of New Motivation
Mon, 08 Sep 2025 19:33:20 GMT
More Gains Despite Absence of New Motivation There's not much to say about Monday other than "we'll take it!" Despite an absence of new motivations (today's data wasn't in the "market mover" category), bonds adde..[read more]
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LOS, Title, Social Media Tools; Financial Literacy; What the Employment Data Portends
Mon, 08 Sep 2025 15:43:36 GMT
"When the economy is good, people drink. When the economy is bad, people drink. The moral? Invest in alcohol.' Here in Boise at the PNMLC, the comments about Friday's jobs data (showing a worsening employment picture) and economy ranged from, "It's a..[read more]
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Textbook Reaction With Minimal Volatility
Fri, 05 Sep 2025 20:44:42 GMT
Textbook Reaction With Minimal Volatility The bond market's reaction to today's jobs report was a textbook example. The job count was much weaker than expected, though not extreme, and revisions cast furthe..[read more]
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A Quick Note on Why Rates Seem to Drop More Quickly as They Approach Certain Thresholds
Fri, 05 Sep 2025 16:32:15 GMT
It may seem like today's bond market movement alone (3/8ths higher in MBS and 0.09% in 10yr yields) doesn't explain the pace of improvement in mortgage rates. For that, we'd need to consider the arcane underpinnings of the mortgage-backed securities ..[read more]
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Mortgage Rates Plummet Back to Fall 2024 Levels
Fri, 05 Sep 2025 15:51:00 GMT
It's a well-known fact that the monthly jobs report is more capable of causing big reactions in rates than any other economic data. It happened last month in grand fashion, and it is happening again this morning. Nonfarm Payrolls (NFP), which ..[read more]
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