Mortgage lenders rely on the bond market to generate mortgage rates. In addition to being fully closed on Monday for Memorial ...
Mortgage applications pulled back last week as rising rates weighed on homebuyer demand, while refinance activity remained largely flat. The Mortgage Bankers Association (MBA) reported a 2.3% decrease ...
Trading ends at 2pm today instead of 5pm, as is usually the case for a Friday before a Monday federal holiday. Econ data is ...
Wednesday brought some much-needed relief for the mortgage market after rates surged to new 9 month highs of 6.75% yesterday. Whereas that rate spike was decoupled from the prevailing narrative of war ...
Here in New York, as over a thousand of us head to airports (hopefully avoiding manholes… tragic), the mood has been pragmatic. Not overly optimistic, not somber, just realistic. No one is arguing ...
After posting a decent recovery from 9-month highs yesterday, it looked like mortgage rates were destined to bounce back ...
Bonds more than made up from Tuesday's rout with a massive rally on Wednesday. Unlike Tuesday's move, which was driven by bond-market-specific selling pressure on the part of one account's massive ...
Residential construction activity was mixed again in April, as building permits rebounded while housing starts pulled back ...
Builder confidence improved modestly in May, though sentiment remained subdued as elevated mortgage rates, affordability ...
Tuesday's massive wave of bond-specific weakness still has the analytical community scratching its collective head. Our contacts are either saying nothing or telling us they're just as perplexed. So ...
Lots of folks were leaving the MBA’s National Secondary yesterday, and many comments and questions were heard. “Did you hear ...