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At Least It Didn"t Get Much Worse After The Initial Rout
6/5/2026 3:42 PM
At Least It Didn"t Get Much Worse After The Initial Rout If you had to find something reassuring to say about the bond market today, it would be that there wasn"t much selling after 9am ET. Unfortunately, there was a whole lot of selling in the prior 30 minutes. Try as they might, analysts couldn"t find any...Read More
 
Mortgage Rates Jump After Strong Jobs Report
6/5/2026 1:29 PM
Over the past three months, mortgage rate movement has been driven primarily by developments in the Iran war. It"s not that war, itself, is a consideration, but rather the implications for fuel prices and inflation. Bonds care deeply about inflation and interest rates are based directly on bonds. When inflation isn"t raging (or at the risk of ragi...Read More
 
Mortgage Apps Pull Back Modestly
6/5/2026 1:25 PM
Mortgage applications eased again last week even as borrowing costs moved lower, suggesting that modest rate relief was not enough to bring borrowers back in force. The Mortgage Bankers Association (MBA) reported a 2.5% decrease in total application volume on a seasonally adjusted basis for the week ending May 29. The decline was led by refinanc...Read More
 
Tech Stack Mgt, Verification, DSCR, 2nd Products; In-Person Mortgage Events; What"s Moving Rates?
6/5/2026 9:53 AM
Today we’re going to learn about the facts of life. Trivia-loving basketball facts’ fans know that this is the first time the NY Knicks have led in the finals since the night of OJ’s White Bronco car chase. Homeowner’s insurance has become the “you can’t avoid it and you can’t afford it” fact of life for some homeowners in some areas. Rate is selli...Read More
 
Job Market Says "I"m Not Dead Yet." Bond Market Doesn"t Love It
6/5/2026 9:08 AM
Buzz has been growing around the labor market for the past several months, but today"s jobs report went the extra mile to make it official. The job market is officially re-accelerating. Actually, the better claim would be that the jobs market is simply attempting to level off after a very long post-covid normalization. Most of today"s charts show t...Read More
 
Modest Gains Maintained After Intraday Slippage
6/4/2026 3:12 PM
Modest Gains Maintained After Intraday Slippage Slippage is a bit less severe than leakage. Neither of them will turn a green day red, but they both erode morning gains. Today"s gains primarily followed a pre-market comment from Trump who said the US was in the middle of final negotiations to end the Iran w...Read More
 
Mortgage Rates Lower Today, But in a Narrow Range
6/4/2026 2:13 PM
After hitting long-term highs on May 19th, mortgage rates dropped somewhat quickly by May 26th. Ever since then, they"ve been moving back and forth in a very narrow range. Today"s movement happened to be the good kind with the average lender cutting top-tier 30yr fixed rates by 0.03%. As always, keep in mind that mortgages are most commonly offere...Read More
 
Non-QM, Credit, MERS, Realtor Lead Tools; Section 8 and RESPA Change? loanDepot Case Developments
6/4/2026 10:52 AM
Lender and Broker Products, Software, and Services There’s been plenty of chatter lately about lenders trying to rebuild realtor referral pipelines. One company may have found a different angle. Inside Real Estate (yes, the company that bought BoomTown) has quietly launched a new lead solution designed specifically for lenders focused on agent re...Read More
 
Losses Erased After Another Peace Teaser
6/4/2026 8:14 AM
The following newswire hit about an hour before the open: TRUMP: US IN THE MIDDLE OF FINAL NEGOTIATIONS TO END IRAN WAR.  Bond yields and oil prices had already fallen modestly up to that point, but more than doubled the overnight rally after that. Yields are thus starting the day roughly 4bps lower, perfectly erasing the entirety of Wedn...Read More
 
Minimal Change After Overnight Volatility
6/3/2026 2:47 PM
Minimal Change After Overnight Volatility War headlines struck back in the overnight session. Specifically, Iran struck back against various U.S. and allied sites, allegedly in response to U.S. strikes on Iranian sites. Peace prospects take an obvious hit in response to these escalations and financial marke...Read More




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Higher mortgage rates don't just keep buyers on the sidelines. Application denials rise too
6/4/2026 7:15 AM
The denial rate in loan applications was 15.1% in 2024, up from 12.2% in 2021, a rise that occurred alongside surging mortgage rates, the St. Louis Fed found...Read More
 
Sellers are pulling homes off the market at the fastest pace since 2020
6/4/2026 1:50 PM
Frustrated sellers are pulling their homes off the market at an increasingly high pace, as demand weakens and bidding wars wane...Read More
 
GOP Sen. Tillis slams Trump intelligence pick Pulte: 'Don't think he has a prayer'
6/3/2026 1:25 PM
Pulte is widely viewed as a Trump loyalist who has targeted the president"s political foes during his tenure leading the housing regulatory agency...Read More
 
Mortgage rates are easing slightly, but homebuyers are retreating
6/3/2026 7:29 AM
Mortgage rates fell slightly last week, but neither current homeowners nor potential homebuyers were inspired. Demand for mortgages fell overall...Read More
 
Cassidy: Pulte not 'competent' for intelligence director role
6/2/2026 5:03 PM
Intelligence community veterans have warned that Pulte is ill-prepared for the job and could target Trump"s foes in the role...Read More
 
Pulte appointment as spy chief would give a Trump attack dog access to a trove of intelligence
6/3/2026 5:57 AM
In his role atop the housing finance agency, Bill Pulte has used his access to mortgage records to refer some top Trump opponents for prosecution...Read More
 
Trump names housing chief Bill Pulte acting intelligence director, replacing Tulsi Gabbard
6/3/2026 9:57 AM
Pulte has alleged wrongdoing related to mortgages against Trump"s foes, Federal Reserve Governor Lisa Cook and New York Attorney General Letitia James...Read More
 
Homeowners insurance premiums have soared in recent years. How to reduce your costs
6/2/2026 12:18 PM
Insurance premiums have soared for many homeowners in recent years, but there are steps policyholders can take to reduce them, experts said...Read More
 
Greg Abel just made his first big deal as Berkshire CEO. Why Warren Buffett is happy
6/1/2026 12:46 PM
Berkshire"s purchase of homebuilder Taylor Morrison gives the conglomerate a larger foothold in housing and appears to have been struck at a bargain valuation...Read More
 
Berkshire's bet on Taylor Morrison suggests the housing market may have bottomed
6/1/2026 12:08 PM
Analysts say the deal between Berkshire Hathaway and Taylor Morrison signals that the housing market may have bottomed...Read More




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