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Real Estate News |
The Trend is Friendly For Now
Thu, 26 Jun 2025 19:32:08 GMT
The Trend is Friendly For Now A common financial market quip is that the "trend is your friend." We like to add the addendum: "until it's not anymore." All we can know for sure is that bonds have shif..[read more]
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Mortgage Rate Winning Streak Continues
Thu, 26 Jun 2025 19:02:00 GMT
After topping out on May 21st, the average day for mortgage rates has been a good one. This has been especially true since June 6th with our 30yr fixed index moving down almost 0.25% through this afternoon. Today's gains contributed nicely with..[read more]
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Hedging, Processing, Community Lending, Servicing, Mortgage Intelligence Tools
Thu, 26 Jun 2025 15:40:57 GMT
"I've been experimenting with breeding racing deer. People have accused me of just trying to make a fast buck.' There are no fast bucks to be made in residential lending, and the correct compensation is a continuing topic. (A recent STRATMOR blog was..[read more]
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Tons of Data, But Not a Ton of Movement
Thu, 26 Jun 2025 14:25:59 GMT
Visually, the number of line items in this morning's economic calendar may seem daunting. In fact, several of the reports sound like they should matter to the seasoned bond watcher (Durable Goods, GDP, etc). But as it stands, the biggest hour of trad..[read more]
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Mid Day Reversal Leaves Bonds Slightly Stronger
Wed, 25 Jun 2025 20:21:00 GMT
Mid Day Reversal Leaves Bonds Slightly Stronger This morning, we noted the lightness of the selling pressure that took bonds into modestly weaker territory. It turns out it was so light that it was easy for bond ..[read more]
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Lowest Rates in Over 2 Months
Wed, 25 Jun 2025 19:21:00 GMT
The average top tier 30yr fixed mortgage rate had already dipped to the lowest levels since May 1st at the start of the week. Two additional days of modest improvement brings us to the lowest levels since April 4th as of today. Apr..[read more]
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TBA Trading, Servicing Compliance, Digital Marketing, DPA Products; Bank M&A Continues
Wed, 25 Jun 2025 15:41:44 GMT
AI doesn't have an NMLS number. (Zillow has never, ever set foot in a house for that matter.) Do you own a computer? Most in lending do. Elon Musk? I guess not. A courtroom twist in Musk's war with OpenAI has revealed a stunningly bizarre detail abou..[read more]
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Lighter Calendar and Light Selling
Wed, 25 Jun 2025 15:23:24 GMT
Bonds are taking a breath this morning after hitting the best levels in more than a month yesterday. The event calendar is much lighter than it seems at first glance. While there's always some chance that Powell will say something important at ..[read more]
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Solid Response to Data and Dovishness
Tue, 24 Jun 2025 19:34:31 GMT
Solid Response to Data and Dovishness The morning commentary focused more on the relatively dovish tone struck by Powell in today's congressional testimony. To be clear, we wouldn't say it was dovish in an outrig..[read more]
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Home Prices Fell More Than Expected in April
Tue, 24 Jun 2025 19:00:00 GMT
Both the FHFA and Case'Shiller home price indices were released today. While the data collection time frame is from April, they each suggest a similar shift is underway when adjusting for seasonality. Specifically, if we ignore seasonality, prices ro..[read more]
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