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| Mortgage Rates End Week at Lows | ||
| 6/26/2026 2:06 PM | ||
| Mortgage rates officially hit their lowest level in more than a month yesterday with MND"s 30yr fixed index falling to 6.53% from 6.55% on Wednesday. Today was completely unchanged at 6.53%, thus maintaining the lowest level since May 14th, 2026. There weren"t any dramatic developments behind the scenes in term of economic data or news headl...Read More | ||
| New Home Sales Slide to Multi-Year Lows | ||
| 6/26/2026 1:58 PM | ||
| New home sales weakened further in May, extending the pullback seen over the past several months as elevated mortgage rates and affordability pressures continued to weigh on buyer demand. According to the latest Census Bureau and HUD data, sales of new single-family homes fell to a seasonally adjusted annual rate of 580,000 , down 7.3% from Apri...Read More | ||
| Mortgage Applications Edge Higher Despite Elevated Rates | ||
| 6/26/2026 1:55 PM | ||
| Mortgage applications posted a modest increase last week, though overall activity remained subdued by historical standards as borrowing costs held relatively steady. The Mortgage Bankers Association (MBA) reported a 1.0% increase in total application volume on a seasonally adjusted basis for the week ending June 19. Refinance activity provided m...Read More | ||
| Housing Starts Not Nearly as Scary Without Weird Multifamily Nosedive | ||
| 6/26/2026 1:29 PM | ||
| Residential construction activity cooled in May, as housing starts and completions both moved lower while building permits edged down only slightly. Last week"s Census Bureau data suggests builders are still navigating uneven demand and affordability pressures, with a sharper pullback in starts than in permits. Privately owned housing starts fell ...Read More | ||
| Credit and Verification, AI Compliance, CRA Sourcing Tools; Housing Bill Stalls; HMDA Data; Inflation Hopes and Rates | ||
| 6/26/2026 10:10 AM | ||
| We know that a) Congress passed a housing bill which, if not signed within 10 days, becomes law anyway, and b) U.S. presidents are known to be candid. Once again, we see the intersection of housing, lending, and politics with not only the postponement by the President of signing the bill, but also the statement of his alleged opinion about housing....Read More | ||
| Sideways Start, Quiet Calendar, Quarter-End Volatility Potential | ||
| 6/26/2026 9:01 AM | ||
| Q2 has been one of the best quarters for stocks going all the way back to the dot com boom, even after the 4-5% pullback in June. This has created a massive quarter-end rebalancing need among money managers and we"ve seen that random volatility play out in both stocks and bonds over the past few weeks. As the quarter wraps up in the next 3 business...Read More | ||
| Mostly Holding Yesterday"s Big Gains | ||
| 6/25/2026 2:27 PM | ||
| Mostly Holding Yesterday"s Big Gains Bonds began the day in modestly weaker territory, but not weak enough to take 10yr yields above the 4.42% technical level. That was a notable development even before considering subsequent movement. The 8:30am PCE inflation data made room for a friendly reversal with mod...Read More | ||
| Lowest Mortgage Rates Since May 14th | ||
| 6/25/2026 12:45 PM | ||
| Mortgage rates had a great day yesterday, moving within 0.01% of the lowest levels in more than a month. They dropped just a bit more today and are now officially the lowest they"ve been since May 14th. Today"s improvement was more of an afterthought, but nonetheless helps legitimize yesterday"s heavy lifting as something other than a freak ...Read More | ||
| Borrower Retention, AI Governance, Jumbo Products; Borrower Recapture Trends; MLO Opportunity Thoughts | ||
| 6/25/2026 10:18 AM | ||
| Around the country, originators seem less focused on the housing bill signing ceremony postponement than on “opportunity.” There are opportunities, but not for every LO. There is the opportunity (and goal) of senior management to make their company immune from economic and world political turmoil. There is the opportunity to anchor the business to ...Read More | ||
| Decent Start After PCE Comes in On-Target | ||
| 6/25/2026 7:59 AM | ||
| The PCE price index may be a less timely report than CPI/PPI when it comes to measuring inflation in the U.S., but it"s more thorough and has stronger implications for Fed policy. Traders were apparently braced for today"s number to be a bit hotter. Bonds rallied moderately after core monthly PCE came in as-expected at 0.3%. Annual inflation is run...Read More | ||
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| Trump cancels signing of bipartisan housing bill ahead of tense meeting with GOP senators | ||
| 6/24/2026 3:35 PM | ||
| President Donald Trump abruptly canceled the signing of a bill aimed at increasing housing affordability an hour before he was due at the Capitol for the ceremony...Read More | ||
| House passes affordable housing bill, sends it to Trump's desk | ||
| 6/23/2026 9:02 PM | ||
| The House on Tuesday gave final passage to a bill aimed at lowering costs for homebuyers and reining in private equity...Read More | ||
| Progressive Brad Lander’s surging bid for Congress splinters Democrats' labor union alliance | ||
| 6/23/2026 9:50 AM | ||
| Rep. Dan Goldman, D-N.Y., is fighting for his political life in a race with Brad Lander, who is backed by Mayor Zohran Mamdani and Sen. Bernie Sanders, I-Vt...Read More | ||
| Senate advances housing bill to limit private equity purchases of single-family homes | ||
| 6/22/2026 5:38 PM | ||
| The House is also expected to advance a sprawling housing package this week that"s aimed at creating more supply and making homes more affordable...Read More | ||
| Homeowners tapped $47 billion in equity in the first quarter. What to consider before you borrow | ||
| 6/19/2026 8:30 AM | ||
| While high home values mean homeowners are sitting on an estimated $11 trillion in equity, it should not be viewed as free money, experts say...Read More | ||
| Jim Cramer says next week's economic data will drive the markets | ||
| 6/18/2026 5:56 PM | ||
| CNBC’s Jim Cramer said next week’s lighter earnings calendar will put the focus on key economic data...Read More | ||
| Nearly 80% of data center capacity is at elevated risk to climate hazards like flooding and fire, study says | ||
| 6/18/2026 5:00 AM | ||
| The vast majority of data centers globally face either acute risk from climate change events or chronic risk from ongoing climate issues like extreme heat...Read More | ||
| Fed holds interest rates steady: Here's what that means for credit cards, savings rates, mortgages and car loans | ||
| 6/17/2026 3:24 PM | ||
| Here’s a look at how the Fed"s June interest rate decision may affect your finances...Read More | ||
| Trump sabotages Senate bid to fast-track Clayton as DNI, committee scuttles hearing | ||
| 6/17/2026 12:47 PM | ||
| Any delay, and continuation of acting DNI Bill Pulte in the role, is likely to endanger the reauthorization of a key U.S. intelligence authority...Read More | ||
| Mortgage rates are now falling but demand is still weaker | ||
| 6/17/2026 9:10 AM | ||
| A mixed week for mortgage rates resulted in less demand from both current homeowners and potential homebuyers...Read More | ||
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