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Surprisingly Light Volatility
4/1/2026 3:07 PM
Surprisingly Light Volatility Bonds digested several big ticket economic reports as well as a host of war-related headlines that probably would have caused a much bigger reaction a few weeks ago. But the net effect was an almost perfectly flat day by the 3pm CME close. If anything, the data caused some weak...Read More
 
Mortgage Rates Steady to Slightly Lower
4/1/2026 2:14 PM
Mortgage rates were little-changed on Wednesday, despite the release of several economic reports and another deluge of war-related headlines. In the slightly bigger picture, the market is trading with some sense of hope of a finite timeline for the war. Today, that meant a moderate drop in oil prices and bond yields (aka "rates"). Bonds struggled ...Read More
 
Another Big Drop in Refi Demand, But Still Higher Year Over Year
4/1/2026 1:58 PM
Mortgage applications fell  for the third consecutive week amid an increasingly volatile rate environment. The Mortgage Bankers Association (MBA) reported a decrease of 10.4% on a seasonally adjusted basis for the week ending March 27. The Refinance Index fell 17% from the previous week, but remains 33% higher than the same week one ye...Read More
 
Community Dev., Non-Del Non-QM, Hedging Products; Credit News; Capital Markets
4/1/2026 10:40 AM
Time flies, Apple turns 50 today, the first quarter is in the books, and here in Northern Nevada, like everywhere, lenders are watching trends and technology. There are all kinds of lists out there, but for those who prefer the CFPB’s data, there’s HMDA Market Share Dashboards for Origination Statistics. In terms of technology, there’s always somet...Read More
 
Data and War Headlines Erase Overnight Gains
4/1/2026 8:38 AM
Bonds rallied modestly in the overnight session after Trump said the US may exit the war soon. Those gains have been more than erased (just barely) after this morning"s data. Both ADP and Retail Sales were stronger than expected although it should be noted that Retail Sales is for the month of February in this case. New Trump headlines also added t...Read More
 
Another Day of Gains With Some Quarter-End Distortion
3/31/2026 3:28 PM
Another Day of Gains With Some Quarter-End Distortion Q1 was fairly eventful for the bond market with solid--sometimes puzzling--gains in February followed by a relative rout in March. Heavy quarter-end rebalancing flows are making for more volatility than normal at 4pm ET, but up until that point, 10yr yie...Read More
 
Mortgage Rates Fall Back Below 6.5%
3/31/2026 2:21 PM
Mortgage rates moved lower for the second straight day as markets responded to potential de-escalation in the Iran war.  Rates are based on bonds and bonds improved overnight as The President said the war could end even if the Strait of Hormuz was not yet reopened. Additional improvement followed during domestic hours based on headlines that ...Read More
 
BBYS, Cybersecurity, AI Assistant Tools; Non-Agency News; STRATMOR on Owning Servicing
3/31/2026 10:52 AM
Appraisal methodology and analysis have changed over the years, and we’re about to undergo another major alteration with UAD 3.6. Some investors are ahead of the 11/2/26 curve. For example, Newrez is now accepting loans from clients who have adopted the Uniform Appraisal Dataset (UAD) 3.6 Appraisal and Forms Redesign and submitted via the Uniform C...Read More
 
War Headlines Help Bond Recovery Continue
3/31/2026 9:35 AM
The focal point of the overnight news cycle was a report that administration officials said Trump is willing to end the war even if the Strait of Hormuz remains closed. Markets rallied nearly as much just before the open when Trump said the hard part is essentially done on the Iran war (and that other countries should just go take their own oil now...Read More
 
Mortgage Rates Drop Meaningfully Over The Weekend
3/30/2026 2:24 PM
The bad news is that the average top-tier 30yr fixed rate remains over 6.5% after being under 6% just a month ago. The good news is that rates recovered nicely over the weekend.  By Friday afternoon, the average rate was 6.64%--the highest since August 2025--adding to a trend of rapid upward movement over the course of March. While there"s no...Read More




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Weekly mortgage refinance demand is down more than 40% in the past month
4/1/2026 6:29 AM
Mortgage demand from both homeowners and potential homebuyers is dropping due to higher mortgage rates and concern over the war with Iran....Read More
 
Opendoor acquires Doma's closing and escrow business in bid to lower mortgage refinance costs
3/31/2026 7:00 AM
Doma"s technology has been used in a Fannie Mae pilot program designed to reduce title insurance costs on eligible refinance transactions....Read More
 
Trump ban on investor homebuying may come at cost of a bigger real estate deal
3/29/2026 8:43 AM
President Trump"s plan to ban big investors from home ownership may not be the key to reviving the American Dream in affordable housing legislation...Read More
 
Analysis: What might trip up Kevin Warsh and his agenda as Fed chair
3/27/2026 1:30 PM
Kevin Warsh would enter the Fed as its chair with an agenda to enact that goes beyond cutting interest rates...Read More
 
Sen. Warren rips Federal Reserve chair pick Kevin Warsh: 'You have learned nothing from your failures'
3/27/2026 10:52 AM
Kevin Warsh"s nomination as chair of the Federal Reserve has been in limbo because of a criminal investigation of Chair Jerome Powell...Read More
 
Meta boosts investment in West Texas AI data center by over sixfold to $10 billion
3/26/2026 5:18 PM
Meta is increasing investment at a data center in El Paso, Texas, to $10 billion from $1.5 billion, as the company ramps up spending on AI infrastructure....Read More
 
Fannie Mae accepts first crypto-backed mortgage product
3/26/2026 12:59 PM
Better Home and Finance is partnering with Coinbase on a crypto-backed mortgage that conforms to Fannie Mae guidelines....Read More
 
How the Iran war could crush the U.S. housing recovery, and it's not just about mortgage rates
3/25/2026 2:34 PM
A combination of higher mortgage rates and economic uncertainty are reversing what was expected to be a recovery year in the housing market...Read More
 
Single women see homeownership as 'a wealth-building tool,' economist says, but buying remains a challenge
3/26/2026 6:22 AM
For years, single men who were first-time homebuyers had higher annual income than their female counterparts, according to the National Association of Realtors...Read More
 
Mortgage demand drops more than 10% as rates hit the highest level since October
3/25/2026 8:09 AM
Mortgage demand continued to tumble last week, as mortgage rates surged higher and affordability weakened further....Read More




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