|
Real Estate News |
MBS Fully Recover After Initial Reaction to Inflation Data
Wed, 13 May 2026 19:38:54 GMT
MBS Fully Recover After Initial Reaction to Inflation Data There's no question that this morning's PPI data hit the bond market. The volume spike was easily higher than that seen with yesterday's CPI and the mark..[read more]
|
Mortgage Rates Officially at 6 Week Highs
Wed, 13 May 2026 18:58:00 GMT
Mortgage rates rose somewhat sharply yesterday to match the highest level since March 27th. They're just a hair higher today, thus officially at 6-week highs. Whereas yesterday's Consumer Price Index (CPI) didn't have an obviously negative imp..[read more]
|
AI, CRM, Verification, DSCR, HELOC Products; Gov't Programs; Rates and Inflation, Borrower Psychology
Wed, 13 May 2026 14:55:05 GMT
The April FOMC Meeting concluded with the Fed leaving interest rates unchanged, and it was the last under Jerome Powell's chairmanship. Chair Powell is the first Fed Chairman to step down and remain on the Board since 1948 due to a) the Federal inves..[read more]
|
PPI Hit Even Harder Than CPI, But Damage is Minimal
Wed, 13 May 2026 14:21:05 GMT
The Producer Price Index (PPI) is much more volatile and, on average, much less of a market mover than the Consumer Price Index (CPI), but occasionally, it swings for the fences. Today's release is a clear example with the monthly headline coming in ..[read more]
|
Highest Yields in 10 Months on War Headlines and Auction Concessions
Tue, 12 May 2026 20:06:51 GMT
Highest Yields in 10 Months on War Headlines and Auction Concessions Because CPI came out slightly higher today and because of its status as a bigger potential market mover, many rate watchers will assume that's ..[read more]
|
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]
|
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]
|
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]
|
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]
|
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]
|
