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| Yields Magically and Mysteriously Sink to Lowest Levels in 2 Months. | ||
| 2/12/2026 3:16 PM | ||
| Yields Magically and Mysteriously Sink to Lowest Levels in 2 Months. At the 3pm CME close, 10yr yields were just over 4.10%--the lowest level since December 4th, 2025. In light of yesterday"s stronger jobs report, today"s absence of market moving data, and this week"s Treasury auction cycle, it is imp...Read More | ||
| Mortgage Rates Slide to New Multiweek Lows | ||
| 2/12/2026 1:35 PM | ||
| Just one day after an incredibly strong jobs report--something that would normally create problematic upward momentum for rates--the average lender is back to the lowest levels since January 16th. At the risk of overusing a played-out metaphor, this was not on many experts" bingo cards. Even with the benefit of hindsight, it"s not entirely possibl...Read More | ||
| Non-QM Pricing, Appraisal, BI, Servicing Tools; Interview With Pennymac Chief Strategist; CFPB Update | ||
| 2/12/2026 10:47 AM | ||
| Here at San Diego’s MCT Exchange 2026, the hallway chatter is varied. These are capital markets personnel, so things are pragmatic. One topic is Freddie Mac’s earnings: $2.8 billion in income for the fourth quarter of 2025 and $10.7 billion for 2025. Another is large companies becoming larger, exemplified by Tradeweb making an investment in MAXEX a...Read More | ||
| Slower Data. Slower Morning | ||
| 2/12/2026 8:07 AM | ||
| When the jobs report makes a big statement, bonds are more likely to exhibit elevated momentum and volatility in the following days. In more than a few past examples, a big jobs report can set the tone for the entire month--all the way until the next jobs report comes out. Perhaps it"s the delayed release of yesterday"s report and the resulting jux...Read More | ||
| Stunning Resilience | ||
| 2/11/2026 3:09 PM | ||
| Stunning Resilience One could argue that our bar is set too low if we view today"s bond market resilience as "stunning," but if that"s not the right word, it"s damn close. Last Thursday saw yields drop 8bps, largely due to a trio of labor market reports that are nowhere near as heavily traded as today"s job...Read More | ||
| Modest Increase in Rates is a Win. Here"s Why | ||
| 2/11/2026 1:26 PM | ||
| Mortgage rates moved 0.03% higher today. On almost any other day, this would be a bit of a bummer, but in today"s case, it"s a victory. There was a ton of potential volatility in the underlying bond market heading into the day due to the scheduled release of the big monthly jobs report. In addition, rates had taken a bit of an anticipatory lead-of...Read More | ||
| Calmer Week For Mortgage Apps | ||
| 2/11/2026 1:03 PM | ||
| Mortgage application activity was essentially flat last week, almost impressively so. After much recent volatility, the index is finding a brief moment of stability, and borrowers seem content continue to weigh affordability challenges and wait for clearer movement in rates. The Mortgage Bankers Association (MBA) reported that applications decrease...Read More | ||
| DPA, HELOC, Correspondent eNote, Escrow Mgt. Tools; STRATMOR on IMB Concerns; Servicing Alarms | ||
| 2/11/2026 10:50 AM | ||
| Products, Services, and Software for Brokers and Lenders “Escrow is supposed to be predictable. But in default servicing, that predictability diminishes when a loan enters delinquency. Escrows stop being a background process and turns into a manual, high-risk exercise. As core systems fall back on rigid rules, middle operations step in, rebuildin...Read More | ||
| Bonds Selling But Not Panicking After Super Strong Jobs Numbers | ||
| 2/11/2026 8:48 AM | ||
| Nearly an hour after this morning"s surprisingly strong jobs report, 10yr yields are only 4.4bps higher at 4.19%. On a normal day, 4.4bps might be a fairly big sell-off, but it"s a huge victory on a day where payrolls came in at 130k vs 70k forecast, and where the unemployment rate fell to 4.3 vs 4.4 expectations. Moreover, labor force participatio...Read More | ||
| Best Levels in Weeks Ahead of High Stakes Jobs Report | ||
| 2/10/2026 2:39 PM | ||
| Best Levels in Weeks Ahead of High Stakes Jobs Report Rather than circle the wagons and consolidate the recent rally, bonds kicked the buying into higher gear on Tuesday thanks to a surprisingly weak Retail Sales report for December. This can be added to the list of recent data that has urged the bond marke...Read More | ||
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| Realtors report a 'new housing crisis' as January home sales tank more than 8% | ||
| 2/12/2026 9:37 AM | ||
| Home sales in January fell more than expected as mortgage rates didn"t move much and consumer confidence dropped....Read More | ||
| FHA mortgage demand rises as borrowers face affordability challenges | ||
| 2/11/2026 8:31 AM | ||
| Total mortgage demand was flat last week, but FHA demand rose, as that product offers bigger savings....Read More | ||
| Credit card debt tops $1.28 trillion — consistent with ‘K-shaped’ economic divide, New York Fed research shows | ||
| 2/10/2026 11:28 AM | ||
| Collectively, Americans owe $1.28 trillion on their credit cards, according to a new report by the Federal Reserve Bank of New York...Read More | ||
| Housing affordability package set to advance in Congress amid home-cost concerns | ||
| 2/10/2026 9:22 AM | ||
| Wide-ranging legislation would reduce regulations for homebuilders while giving local governments incentives to streamline the building process....Read More | ||
| A surprising share of homeowners have high mortgage rates. Here's the breakdown | ||
| 2/4/2026 9:11 AM | ||
| About 20% of borrowers have mortgages with a rate over 6%...Read More | ||
| Rough winter weather hits homebuyers, tanking mortgage demand | ||
| 2/4/2026 7:59 AM | ||
| Mortgage demand dropped sharply last week, even though interest rates moved slightly lower. The culprit was likely the recent winter storm...Read More | ||
| How one country is engineering its way out of a construction cost crisis | ||
| 2/3/2026 5:20 PM | ||
| While a building boom is good for the economy, it presents challenges, with construction costs in Singapore consistently ranked among the highest in the world...Read More | ||
| Camden CEO on why he’s seeing ‘huge’ investor demand for apartment buildings | ||
| 2/3/2026 8:00 AM | ||
| Investor interest in the multifamily housing sector is strengthening even as rental demand falls back...Read More | ||
| December CRE deal volume sinks further, but office is a surprising bright spot | ||
| 2/3/2026 12:17 PM | ||
| The recovery in office has been swelling, as return-to-office orders and a boom in AI employment counter the pandemic-driven narrative that office is over...Read More | ||
| Housing affordability isn't just hurting buyers: More homeowners are falling behind on their mortgages | ||
| 2/2/2026 9:26 AM | ||
| While the overall share of delinquencies among all mortgages remains small, the growth is occurring faster than late payments for other types of consumer loans...Read More | ||
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