Surprisingly Big Bond Rally Relative to The Data 3 Hours, 42 Min ago Surprisingly Big Bond Rally Relative to The Data Bonds went on a bit of a buying spree on Thursday. It was the biggest rally day since November, at least, and that’s impressive given the motivations. Specifically, there was a […]
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Mortgage rates are driven by bonds and that bonds care about employment data. There are quite a few different economic reports that focus on various employment metrics. Next Wednesday’s jobs report is the biggest ticket by far, but other reports can move the needle at times–especially when they fall far from forecasts or previous readings.
Mortgage Rates Fall After Downbeat Employment Data Read More »
For many, homeownership has long been considered a cornerstone of the American dream—a symbol of stability, security, and independence. Yet, for far too many individuals and families, the path to owning a home can seem daunting, riddled with challenges like saving for a down payment, meeting credit requirements, or navigating the complexities of securing a
Attainable Homeownership: Financing that Fits Real Life Read More »
Bonds were incidentally and inconsequentially stronger to start the overnight session, but began to see better gains after 7am ET. There were two notable bumps in volume after the 7:30am Challenger job cut data and the 8:30am Jobless Claims data. Of the two, the latter was much more clearly linked to gains. Challenger definitely got
Stronger Start Thanks to Employment Data Read More »
Today’s two key reports are ADP Employment (8:15am ET) and ISM Services (10am ET). The former came out a bit softer than expected, but bonds didn’t react. 15 minutes later, Treasury released financing estimates for the quarter. These were as-expected and unchanged from the previous quarter, but Treasury noted that issuance would likely need to
Waiting on ISM Services as Early Data Fails to Inspire Read More »
The average top tier 30yr fixed mortgage rate hit its highest levels in 2 weeks yesterday. The caveat was that the range has been very narrow during these 2 weeks. As such, by remaining unchanged versus yesterday, today’s rates are part of the same narrow range (6.15-6.20% for MND’s index). There were two relevant economic
Mortgage Rates Hold Perfectly Steady at 2-Week Highs Read More »
No Whammies in Wednesday’s Data. JOLTS Rescheduled for Thursday 2 Hours, 15 Min ago No Whammies in Wednesday’s Data. JOLTS Rescheduled for Thursday With the big jobs report on hold until next Wednesday, this morning’s ADP/ISM duo had to do most of the week’s heavy lifting in terms of important econ data.
No Whammies in Wednesday’s Data. JOLTS Rescheduled for Thursday Read More »
Macquarie Bank has announced it will pass on the Reserve Bank of Australia’s (RBA) February rate hike in full to its variable rate home loan customers. The banking major’s variable rate home loan holders will realise the interest rate change on 20 February – 17 days after the RBA announced the hike. It marks another
Macquarie among the first mortgage lenders to pass on RBA rate hike Read More »
Blockchain, NOO HELOC, RON Tools; Better.com CEO’s Thoughts; IMB Conference Observations; CFPB Update Products, Services, and Software for Brokers and Lenders Can AI help you spot the lending bias you can’t see? In his CEO Magazine Podcast interview, Optimal Blue CEO Joe Tyrrell shares the company’s platform-wide AI strategy to help reduce human
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