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| Bonds Continued Drifting Weaker Throughout The Day (10yr Hit 4.6%) | ||
| 5/15/2026 4:12 PM | ||
| Bonds Continued Drifting Weaker Throughout The Day Nothing new or interesting happened during the course of the trading day. The key market movers were in place at the start of domestic trading. From an analytical standpoint, the morning commentary adequately recaps the day"s bond market motivations. Yields...Read More | ||
| April Housing Inflation Data Fills in The Dots That Went Missing During The Government Shutdown | ||
| 5/15/2026 1:12 PM | ||
| The Bureau of Labor Statistics released a highly technical research paper this week examining how the agency handled missing shelter inflation data during the October 2025 government funding lapse. The issue stemmed from the CPI’s housing survey, which was unable to collect rent data during the shutdown period. With no fresh survey results availab...Read More | ||
| Servicer Retention Fell in Q1, But Remains at Multi-Year Highs | ||
| 5/15/2026 1:04 PM | ||
| Refinance activity continued to recover in the first quarter of 2026, but mortgage servicers retained a smaller share of borrowers despite the stronger lending environment, according to the latest ICE Mortgage Monitor. ICE estimated that roughly 585,000 first-lien refinances totaling $242 billion closed during the quarter, up from a revised 5...Read More | ||
| Existing-Home Sales Flat Year Over Year Despite Inventory Gains | ||
| 5/15/2026 12:58 PM | ||
| Existing-home sales edged slightly higher in April, stabilizing after March’s decline as improving affordability and increased inventory provided modest support for buyers. Sales increased 0.2% to a seasonally adjusted annual rate of 4.02 million , matching the pace seen one year ago. “Despite mixed macroeconomic signals—including a record-hi...Read More | ||
| Purchase Activity Lifts Mortgage Applications Despite Higher Rates | ||
| 5/15/2026 12:52 PM | ||
| Mortgage applications increased modestly last week, as stronger purchase activity more than offset a slight decline in refinances. The Mortgage Bankers Association (MBA) reported a 1.7% increase in total application volume on a seasonally adjusted basis for the week ending May 8. The gain was driven entirely by home purchase demand, which contin...Read More | ||
| Mortgage Rates Surge Toward 8-Month Highs | ||
| 5/15/2026 11:40 AM | ||
| Mortgage rates are driven by bonds and the bond market hoped to see more evidence of shift toward peace during the 2-day Trump/Xi meeting in China. As soon as Trump got back on the plane to head home, bonds began tanking (i.e. jumping to higher yields). When bond yields spike, mortgage rates follow, and today is no exception. The average top-tier ...Read More | ||
| HELOC, DPA, U/W Fees Waived Products; Delinquencies Edge Higher; Conv. Conforming Changes | ||
| 5/15/2026 9:57 AM | ||
| As the legal and proxy battles are waged among Two Harbors, UWM, and CrossCountry, today I head to New York for the MBA"s Secondary & Capital Markets Conference. John Wooden said, “Failing to prepare is preparing to fail” and across the land, over a thousand people are avoiding failure by preparing, lining up sessions, meetings, and hallway cha...Read More | ||
| Highest Yields in a Year After Trump/Xi Summit | ||
| 5/15/2026 8:19 AM | ||
| Far too many market participants were apparently hoping that some sort of positive news on the war would be somehow facilitated by the Trump/Xi summit over the past 2 days. But talks wrapped up in the overnight session with little to show for it. There was actually very little notable discussion about the war. Both parties want it to end, but China...Read More | ||
| Rally Reverses, Leaving Bonds Weaker in The Afternoon | ||
| 5/14/2026 3:22 PM | ||
| Rally Reverses, Leaving Bonds Weaker in The Afternoon The day began with promise, but devolved into yet another disappointment. After being almost a quarter point higher at 10am, MBS slid to an eighth point loss by the close. 10yr yields were as low as 4.44% early but were as high as 4.48% in the final hour...Read More | ||
| Mortgage Rates Move Moderately Lower | ||
| 5/14/2026 2:20 PM | ||
| May continues to be a more volatile month than the bulk of April when it comes to day over day mortgage rate movement. While the average day has seen that volatility play out in favor of higher rates, today was thankfully the opposite. Yesterday"s latest levels left the average lender at 6 week highs with a top tier 30yr fixed rate of 6.57. ...Read More | ||
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| Mortgage rates jump to highest level since March on hotter inflation reports | ||
| 5/13/2026 1:25 PM | ||
| Mortgage rates surged to the highest level since March in reaction to two hotter-than-expected inflation reports...Read More | ||
| Mortgage rates move to highest level in 5 weeks, but homebuyers shake it off | ||
| 5/13/2026 6:33 AM | ||
| Mortgage rates continued to climb higher, but stronger homebuyer demand helped to keep mortgage applications in positive territory....Read More | ||
| New York City Mayor Zohran Mamdani's pied-à-terre property tax is moving ahead. But will it work? | ||
| 5/12/2026 3:20 PM | ||
| New York is moving ahead with a pied-à-terre property tax in its budget. Existing taxes from around the world"s major cities show the limits of the policy...Read More | ||
| Credit card debt dips to $1.25 trillion — but maintains ‘K-shaped’ pattern, New York Fed research shows | ||
| 5/12/2026 11:53 AM | ||
| Collectively, Americans owe $1.25 trillion on their credit cards, according to a new report by the Federal Reserve Bank of New York...Read More | ||
| The wealthy keep buying Manhattan real estate despite potential pied-à-terre tax | ||
| 5/11/2026 10:43 AM | ||
| Real estate sales in Manhattan worth $4 million or more increased in the past month, according to Olshan Realty...Read More | ||
| April home sales disappoint as higher mortgage rates weigh on buyers | ||
| 5/11/2026 3:04 PM | ||
| Home sales barely moved in April, as mortgage rates shot higher the month before and uncertainty over the war with Iran weighed on consumers...Read More | ||
| Tiny data centers may be coming into the homes of Americans in the future | ||
| 5/10/2026 2:21 PM | ||
| As public support for large-scale data center buildouts declines across the U.S., a new type designed to operate inside individual homes is coming....Read More | ||
| Mortgage rates hit the highest level in a month, causing first-time homebuyers to drop out | ||
| 5/6/2026 7:03 AM | ||
| Mortgage rates rose last week, causing loan demand to drop back and causing the average loan size to rise — indicating that lower-income borrowers dropped out...Read More | ||
| Mortgage lenders now have more credit score options. What homebuyers should know | ||
| 5/5/2026 7:33 AM | ||
| Lenders are beginning to use VantageScore 4.0, which factors in consumer data not currently considered in the score that"s been used with mortgages for decades...Read More | ||
| Warsh's take on Fed independence is met with confusion and some concern | ||
| 5/8/2026 3:58 PM | ||
| Fed chair nominee Kevin Warsh is putting his own spin on the independence of monetary policy. Many former Fed officials aren"t sold....Read More | ||
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