There have been 3 winning streaks for mortgage rates in 2024 where the average rate has moved lower for at least 5 days and where the conventional 30yr fixed rate has fallen by more than 0.25%.

Bonds improved fairly steadily in the AM hours. After an initial glut of buying demand in the first hour of trading, there ...

Last week was definitely important for the bond market.  The key takeaway was the Fed's acknowledgement of elevated inflation ...

The theme of "waiting" amid an empty calendar will be played out by the end of the week (if it's not already played out from most of the past year spent waiting for only a handful of key events each ...

Mortgage rates did well last week, making it almost halfway back to the lower levels seen on April 9th.  Why focus on April 9th?  That was the last day before the most recent Consumer Price Index (CPI ...

On most months in modern economic memory, a gain of 175k payrolls would be welcome news for the labor market.  Depending on ...

Bonds Hold On to NFP-Driven Gains Despite Some Push-Back Whether you view it as a perfectly logical reaction to NFP coming in at 175k vs 243k or a bit too much of a rally relative to the motivation, ...

It was an action-packed week for the housing and mortgage market. Wednesday's Fed announcement was the highlight, but we also got several economic reports that caused rate volatility. Thankfully, it ...

Not all, but many, capital markets folks spent their college years rolling up their sleeves. Some not so much. When ...

Thursday was always destined to be the least interesting day of current week due to its lack of meaningful calendar events, but that doesn't mean we can't see a bit of volatility for other reasons.