Friday saw mortgage rates move back up near the highest levels of the week, and thus the highest levels of the past 3 months. Thus ends another week where mortgage rates end higher despite a Fed rate cut. We’ve beaten this horse to death, but here are the two key reasons Fed rate cuts don’t […]
Anyone Who Tells You They Know What Happens Next For Rates is Lying Read More »
Choose Your Own Market Movement Adventure. There’s a noticeable divergence between long and short term bonds since the Fed announcement, and it’s becoming more pronounced today. We can consider a few different reasons with the most basic being that the Fed rate cut outlook keeps shorter-term yields locked down at lower levels thus
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Correspondent Products, STRATMOR on Borrower Psychology; Lender Tools; DSCR Appraisal Issues in Baltimore “What happened with the DSCR appraisal issue in Baltimore earlier this year?” Good question. Baltimore is not alone: This week we have investors either pricing themselves out of, or ceasing loans from, the Philly market for certain non-owner loans.) The
Follow-Through Rally. What’s Up With Big Swings in Jobless Claims? Bonds are adding moderate to yesterday’s post-Fed gains. Most of today’s rally has followed this morning’s jobless claims data, but we wouldn’t necessarily give it all the credit. This is a tricky week to try to make sense of jobless claims due to
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Two-Way Trading But Not Much Day-Over-Day Movement Thu, Dec 11 2025, 4:11 PM Two-Way Trading But Not Much Day-Over-Day Movement Bonds had a solid morning, adding moderately to yesterday’s rally and taking yields well into the lowest levels since last Friday. But from just after the 9:30am NYSE open, bonds leaked slowly
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As is sometimes the case on the day following a Fed day, the bond market carried a bit more momentum in the same direction as yesterday afternoon. Fortunately, the momentum was toward lower rates this time around–a nice break from the past two Fed days which resulted in several days (and weeks) of higher rates.
Mortgage Rates Hit Lowest Levels of The Week Read More »
Lender and Broker Services, Products, and Software For some servicers, the idea of implementing workflow automation is both appealing and overwhelming. Often, knowing where to start is the most challenging part, especially when the path forward isn’t always obvious. Clarifire’s latest blog, “Three Cost-Saving Ways Servicers Are Using Workflow Automation,” explores real-world examples of how
Correspondent and Broker Products, LOS, Automation, FICO 10T, UAD 3.6 Tools Read More »
Bonds were modestly weaker overnight, but have moved back into positive territory after this morning’s Employment Cost Index and NYSE. This means 10yr yields are at the bleeding edge of the 3-month range heading into this afternoon’s Fed announcement. The rate cut is about as close to a foregone conclusion as normal, so the focus
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Here’s What Changed in The New Fed Announcement Wed, Dec 10 2025, 2:00 PM Available indicators suggest that economic activity has been expanding at a moderate pace. Job gains have slowed this year, and the unemployment rate has edged up but remained low through August; moreSeptember. More recent indicators are consistent with
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Seasonally adjusted mortgage application activity rose 4.8% last week, according to MBA’s Weekly Mortgage Applications Survey for the week ending December 5. Unadjusted applications jumped 49% from the prior week, reflecting a rebound following the Thanksgiving-related slowdown. The Refinance Index surged 14% from the previous week and remains 88% higher than the same week one
Mortgage Apps Bounce Back, Led By Refi Reversal Read More »