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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
 
Mortgage Rates Move Back Up With Oil Prices
6/3/2026 2:03 PM
Imagine being stuck at home watching TV for 3 months and only being able to stream one show. That"s been the case for the bond market (which dictates interest rates) since the beginning of March. The show in question involves watching war-related headlines and reacting in roughly the same manner as oil prices. Today"s episode was more interesting ...Read More
 
Secondary Execution, Broker Contest, Commercial Products; Webinars; Bill Pulte"s Job Move?
6/3/2026 11:00 AM
The latest and greatest with FHFA Director Bill Pulte (happy 38th birthday last week!) is that President Trump tapped him (more below), to be the acting director of national intelligence. At this point he is still running Freddie Mac and Fannie Mae. The President cited Pulte’s work at the FHFA and his role as chair of Fannie & Freddie, saying P...Read More
 
Weaker Start on Renewed Bombing, But Still In The Range
6/3/2026 8:13 AM
Iran launched missiles at several U.S. allies yesterday afternoon and oil prices responded accordingly with a move back up to May 22nd levels. Treasury yields followed, but have generally been staying lower than the oil price correlation would suggest. 10yr yields continue holding a narrow range between 4.43 and 4.52. They"re roughly 3.5bps higher ...Read More
 
Uncommonly Uneventful Day
6/2/2026 3:59 PM
Uncommonly Uneventful Day No one will accuse us of clickbait titles today, or even clickbait analysis. There"s just not much to say. Unlike the average trading day of late, bonds held inside a very narrow range AND didn"t visibly respond to any major Iran war news (and the typical oil price volatility that ...Read More
 
Mortgage Rates Move Modestly Lower
6/2/2026 2:59 PM
It was an uneventful day for the bond market and, thus, mortgage rates. Unlike the average trading day of late, there were no conspicuous war-related headlines making for shocks to oil prices. Since the start of the war, interest rates have had a strong correlation with oil prices due to inflation implications. That correlation was present today, ...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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