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Surprisingly Big Bond Rally Relative to The Data
2/5/2026 1:59 PM
Surprisingly Big Bond Rally Relative to The Data Bonds went on a bit of a buying spree on Thursday. It was the biggest rally day since November, at least, and that"s impressive given the motivations. Specifically, there was a trifecta of downbeat labor market reports (Challenger, Jobless Claims, and Job Ope...Read More
 
Mortgage Rates Fall After Downbeat Employment Data
2/5/2026 12:52 PM
Mortgage rates are driven by bonds and that bonds care about employment data. There are quite a few different economic reports that focus on various employment metrics. Next Wednesday"s jobs report is the biggest ticket by far, but other reports can move the needle at times--especially when they fall far from forecasts or previous readings. This w...Read More
 
Climate Risk, Processing, Construction, Credit Score Programs; IMB Topics; In-Person Events
2/5/2026 10:31 AM
Yup, another competitor for lenders come July: Bed Bath & Beyond is acquiring Tokens.com “to develop a blockchain-based investment and personal finance platform” and will use tools from tZERO and integrate with blockchain firm Figure to offer services such as mortgages and renovation loans. Indeed, mergers, acquisitions, and strategic partnersh...Read More
 
Stronger Start Thanks to Employment Data
2/5/2026 8:21 AM
Bonds were incidentally and inconsequentially stronger to start the overnight session, but began to see better gains after 7am ET. There were two notable bumps in volume after the 7:30am Challenger job cut data and the 8:30am Jobless Claims data.  Of the two, the latter was much more clearly linked to gains.  Challenger definitely got a s...Read More
 
No Whammies in Wednesday"s Data. JOLTS Rescheduled for Thursday
2/4/2026 2:57 PM
No Whammies in Wednesday"s Data. JOLTS Rescheduled for Thursday With the big jobs report on hold until next Wednesday, this morning"s ADP/ISM duo had to do most of the week"s heavy lifting in terms of important econ data. The response was underwhelming, at best. ADP was a complete non-event, but also fairly...Read More
 
Mortgage Rates Hold Perfectly Steady at 2-Week Highs
2/4/2026 1:58 PM
The average top tier 30yr fixed mortgage rate hit its highest levels in 2 weeks yesterday. The caveat was that the range has been very narrow during these 2 weeks. As such, by remaining unchanged versus yesterday, today"s rates are part of the same narrow range (6.15-6.20% for MND"s index). There were two relevant economic reports this morning as ...Read More
 
Blockchain, NOO HELOC, RON Tools; Better.com CEO"s Thoughts; IMB Conference Observations; CFPB Update
2/4/2026 10:45 AM
Products, Services, and Software for Brokers and Lenders Can AI help you spot the lending bias you can’t see? In his CEO Magazine Podcast interview, Optimal Blue CEO Joe Tyrrell shares the company’s platform-wide AI strategy to help reduce human bias in lending decisions. Instead of replacing lending teams, AI at Optimal Blue is built as a suite ...Read More
 
Waiting on ISM Services as Early Data Fails to Inspire
2/4/2026 8:01 AM
Today"s two key reports are ADP Employment (8:15am ET) and ISM Services (10am ET).  The former came out a bit softer than expected, but bonds didn"t react.  15 minutes later, Treasury released financing estimates for the quarter. These were as-expected and unchanged from the previous quarter, but Treasury noted that issuance would likely ...Read More
 
Mostly Sideways. Volatility Elsewhere
2/3/2026 2:48 PM
Mostly Sideways. Volatility Elsewhere The legend of the bond market"s extreme apathy is increasingly making the rounds in financial circles. Bond issuance, inflation, and economic strength are not seen surging enough to put huge upward pressure on longer-term rates. And without a big downturn in 2 of those ...Read More
 
Mortgage Rates Drift Up to 2-Week Highs
2/3/2026 2:23 PM
The bad news: mortgage rates moved up to their highest levels in 2 weeks today.  The good news: the rate range has been very narrow during that time, so there"s not too much of a difference between 2-week highs (6.20%) and lows (6.15%).  Today"s move wasn"t a product of anything that happened today. Rather, the culprit was the focal poi...Read More




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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 11:27 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
 
As American retail store anchors fade, private clubs are taking over more commercial real estate
2/2/2026 2:09 PM
Affluent consumers are key to retail centers as the K-shaped economy hits lower-end shoppers hard, and that"s leading the private club concept to more cities....Read More
 
Apartment rents just dropped to the lowest level in 4 years
1/29/2026 12:45 PM
Apartment rents are falling sharply due to weaker economic conditions and growing job losses....Read More
 
Fed holds interest rates steady: What that means for mortgages, credit cards and loans
1/28/2026 1:03 PM
From mortgage rates and auto loans to credit cards and savings accounts, here"s a look at how the January Fed decision could affect your finances...Read More
 
Mortgage demand drops 8.5%, as interest rates swell to the highest level in 3 weeks
1/28/2026 8:06 AM
Mortgage rates rose last week, causing a large drop in demand for refinances. Homebuyer demand was essentially flat...Read More




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