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Incidental, Inconsequential Weakness Ahead of Fed Week
9/12/2025 2:43 PM
Incidental, Inconsequential Weakness Ahead of Fed Week Bonds began the day in modestly weaker territory and yields are heading out right where they started.  In fact, yields are also right in line with the opening levels from Monday.  This broadly suggests the market got where it was going after t...Read More
 
Mortgage Rates Were Flat All Week No Matter What Other News Suggests
9/12/2025 2:20 PM
The underlying bond market (which dictates the rates offered by mortgage lenders) weakened moderately overnight.  Weaker bonds equate to higher rates, all else equal.   "Higher rates" is contrary to many media outlets" coverage this week, but there"s an important reason. Most news organizations that cover mortgage rates rely on Fred...Read More
 
2nd, Database Mining, Manufactured Housing Products; Weak Job Market Impacting Rates?
9/12/2025 10:38 AM
“Rob, we’ve said ‘no’ to more expansion possibilities than ever before. Are you hearing other lenders doing deep dives on LOs and branches and also not seeing a profitable path?” Yes indeedy. Here in Jackson, MS, at the Mississippi Mortgage Banker’s Fall Conference, lenders are not only discussing expansion but also early payoff penalties and strat...Read More
 
Back in The Range After Failed Breakout Attempt
9/12/2025 10:11 AM
Bonds began the week with 10yr at 4.07 before rallying down to 4.04 by Monday"s close.  Now on Friday, we"re opening at 4.06 and we haven"t spent much time trading more than a few bps higher or lower than that for the entire week.  Translation: apart from yesterday"s attempt to challenge the 4.0% floor, it"s been very sideways and unevent...Read More
 
Very Calm Reaction But Not Too Surprising
9/11/2025 3:25 PM
Very Calm Reaction But Not Too Surprising One could argue that CPI is the next biggest potential market mover after the jobs report. With that in mind, it might seem surprising that MBS are heading out the door roughly unchanged and 10yr yields are down less than 3bps. It becomes less surprising when we con...Read More
 
Mortgage Rates Move Back to Long-Term Lows
9/11/2025 2:51 PM
Today"s inflation report (the Consumer Price Index or CPI) certainly had a chance to create volatility for rates, but things ended up staying fairly calm.  There are multiple subheadings of data that the bond market cares about when it come to CPI. Most of them were in line with expectations, or close enough to avoid surprising investors. The...Read More
 
Slightly Stronger Start Despite Slightly Higher Inflation
9/11/2025 11:10 AM
It"s an interesting morning for economic data and the bond market"s reaction.  At face value, CPI was mostly in line with forecasts, but unrounded numbers were a bit hot (i.e. core monthly CPI was 0.346%, almost high enough to make for a 0.4 vs 0.3 reading). Additionally, monthly headline inflation was 0.4 vs 0.3. These numbers, in and of them...Read More
 
Recapture, Compliance, Marketing, Warehouse Mgt. Tools; Webinars and Training This Week; 10-Year Yield Hits 4.00
9/11/2025 10:41 AM
“All I know is what I read in the papers,” Will Rogers quipped. In news in the papers from our Census Bureau, AI use at large companies is in decline. “A dip in corporate AI adoption isn"t a great sign for an industry hellbent on world domination.” I am good at misunderestimating things, but will it go the way of blockchain (which is alive and simm...Read More
 
Helpful Data and Treasury Auction Set High Bar For CPI
9/10/2025 3:28 PM
Helpful Data and Treasury Auction Set High Bar For CPI Another fairly straightforward day for the bond market with friendly econ data and a strong 10yr Treasury auction both helping push yields lower. If it seems like the size of the miss in the PPI data justified a bigger move, consider the fact that it"s ...Read More
 
Mortgage Rates Hold Steady With Help From Econ Data
9/10/2025 3:02 PM
Wednesday brought the first of this week"s two key inflation reports. While the Producer Price Index (PPI) is the lesser of the two in terms of potential impact on rates, it came in far enough below expectations to make for a measurable improvement. The catch is that the improvement in question pertains to the underlying bond market. Before the da...Read More




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Opendoor board chair Rabois says company is 'bloated,' needs to cut 85% of workforce
9/12/2025 3:26 PM
Keith Rabois was named chairman of Opendoor this week and the company, which he co-founded, hired former Shopify executive Kaz Nejatian as its new CEO...Read More
 
How multifamily offices are playing commercial real estate
9/12/2025 9:00 AM
With more than $12 billion under management, Realm is a multifamily office investment platform specializing in commercial real estate....Read More
 
Opendoor stock closes 78% higher after company names new CEO
9/11/2025 3:04 PM
Former CEO Carrie Wheeler resigned last month following a pressure campaign from investors...Read More
 
Mortgage demand jumps to the highest level in three years, as interest rates drop sharply
9/10/2025 7:12 AM
A sharp drop in mortgage rates to the lowest level since last year caused a spike in mortgage demand....Read More
 
AI tech talent is juicing these real estate markets
9/9/2025 7:00 AM
The in-migration of tech talent has a sizable impact on residential real estate, according to CBRE. Apartment rents have increased in all of the top AI tech markets. ...Read More
 
Here's how to get a better mortgage rate as the 30-year fixed nears a 1-year low
9/9/2025 6:04 AM
A lot of would-be buyers feel priced out of the housing market. Getting a lower mortgage rate might help move the needle...Read More
 
Mystery of former Federal Reserve Governor Kugler's resignation deepens as real estate records raise new questions
9/5/2025 2:58 PM
The mystery surrounding former Federal Reserve Governor Adriana Kugler"s resignation has gained new urgency...Read More
 
Mortgage rates see biggest one-day drop in over a year
9/5/2025 2:25 PM
Mortgage rates plunged sharply following the release of a weaker-than-expected August employment report. Rates are now at the lowest level since October...Read More
 
Quarterly demand for industrial space falls for the first time in 15 years
9/5/2025 11:01 AM
Economic uncertainty brought on by constantly changing tariff policy and persistently high inflation is taking a greater toll on the warehouse sector...Read More
 
Why Italy is bucking the super-rich clampdown
9/5/2025 6:42 AM
A long-time favorite of the rich and famous, Italy is now attracting a fresh influx of ultra-wealthy arrivals looking to make the most of la dolce vita....Read More




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