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Real Estate News |
Bonds Bracing For CPI Impact
Fri, 11 Jul 2025 21:09:52 GMT
Bonds Bracing For CPI Impact Stocks sold off quickly in the overnight session in response to the announcement of 35% tariffs on Canada. Bonds view such news as a double edged sword, but also drifted into we..[read more]
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Highest Mortgage Rates of The Week, Just Barely
Fri, 11 Jul 2025 17:45:00 GMT
Yesterday, we characterized the prevailing mortgage rate momentum as "broadly sideways," and while that's still very true in the bigger picture, words like "up" and "higher" might need to be sprinkled in this week. For those with a glass-half-empty ..[read more]
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AI Retention, Jumbo AUS, Bridge, HELOC Products; Wholesale and Investor News
Fri, 11 Jul 2025 15:40:47 GMT
Don't forget to snag your free Slurpee today at participating 7-Elevens! Speaking of edible things, I like my Frosted Flakes, Froot Loops, and Raisin Bran. M&A is not confined to lenders: Imagine my surprise when I learned that Michigan's WK Kellogg ..[read more]
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Overnight Selling But Still in The Range
Fri, 11 Jul 2025 14:31:02 GMT
In terms of news that seems like it should be important, the biggest overnight development was the announcement of a 35% tariff on Canadian imports starting August 1st (up from the previously-slated 25%). Exemptions for USMCA goods and energy/fertili..[read more]
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Fed Speakers and Auction Help Bonds Hold Steady
Thu, 10 Jul 2025 21:07:13 GMT
Fed Speakers and Auction Help Bonds Hold Steady Bonds technically lost a small amount of ground today, but it's just as fair to say that they're holding steady on the week. In fact, closing yields today wer..[read more]
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Mortgage Rates Broadly Sideways
Thu, 10 Jul 2025 20:49:00 GMT
Most of this week's mortgage rate movement has been an aftershock following last week's jobs report. That data sent rates quickly higher and that momentum has gradually faded over the past few days. In fact, yesterday finally saw an improvement. ..[read more]
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Hedging, Fraud Protection, QC Products; FHA, USDA Program Changes; Interview With Pennymac's Kim Nichols
Thu, 10 Jul 2025 15:46:56 GMT
Lenders and servicers have entire sets of policies and procedures based on the Federal Emergency Management Agency (FEMA) declaring an emergency in a given area. President Trump says FEMA should be eliminated, which would definitely impact this proce..[read more]
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Week's Only Relevant Data is Not Bond-Friendly
Thu, 10 Jul 2025 15:33:44 GMT
You would be hard pressed to find a week with less to offer in terms of scheduled economic data. In fact, it's not an overstatement to say that regular old weekly jobless claims data was the only relevant report of the week. Unfortunately for f..[read more]
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Correction to the Correction. Will it Last?
Wed, 09 Jul 2025 20:30:01 GMT
Correction to the Correction. Will it Last? Hindsight is 20/20 and foresight may have been close enough this week given the classic correction to June's rally giving way to a classic correction of that correction..[read more]
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Mortgage Rate Losing Streak Ends With Moderate Victory
Wed, 09 Jul 2025 19:35:00 GMT
It's a bit of a stretch to refer to the past week as a "losing streak" for mortgage rates. The worst part about it was the consistency of upward movement starting last Wednesday. In terms of the size of that movement, things have been less tra..[read more]
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