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Nothing Else Happened After Initial Selling
4/3/2026 11:52 AM
Nothing Else Happened After Initial Selling The typical early close for the bond market is 2pm ET. This is usually reserved for a holiday-adjacent day such as Christmas Eve or the day after Thanksgiving. Good Friday is unique. On years where it DOES NOT coincide with a jobs report, it"s fully closed. Otherw...Read More
 
AI Due diligence, AI Guide, Data Mining Tools; Investor Agency Changes; Good Stats to Help LOs
4/3/2026 9:51 AM
Products, Services, and Software for Brokers and Lenders The team at Model Match has launched the first phase of a complete platform overhaul, reimagining how lenders access and act on real estate, mortgage, and borrower data. The release centers on a simplified search experience across loan officers, agents, offices, and companies, alongside a m...Read More
 
Logically Weaker After Solid Jobs Report, But It"s a Ghost Town
4/3/2026 8:58 AM
Today"s jobs report is/was the only big-ticket calendar event and the most obvious source of bond market inspiration. That"s doubly true considering the even earlier-than-normal early close (12pm ET) for Good Friday. Payrolls were hot at 178k vs -133k previously.  The big swing is the first hint that payrolls should be taken with a grain of sa...Read More
 
Bonds Recover on Oil Price Hopes
4/2/2026 2:54 PM
Bonds Recover on Oil Price Hopes Bonds were weaker to start the day with oil prices moving sharply higher after last night"s Trump speech. But a few hours into the trading session, the move was completely erased and reversed after some fairly simple headlines regarding Iran/Oman working on a resolution to o...Read More
 
Mortgage Rates Are Actually Lower This Week
4/2/2026 2:12 PM
On any given Thursday, there"s a decent enough chance that the average mortgage rate headline will be unintentionally misleading. At issue is media reliance on the longstanding weekly mortgage rate surveys. If news stories are going to cite this data, that"s fine, but it"s critical to understand the methodology. Whether it"s MBA (reported yesterda...Read More
 
Social Security, Equity, Processing Tools; Freddie and Fannie Shifts; Release From Conservatorship Slim
4/2/2026 10:43 AM
“Rob, what do you hear about Fannie & Freddie being released from conservatorship?” Not much. Although it may change with one random tweet, the idea & process of jettisoning them is not even “on the back burner”… It may be back in the refrigerator. Maybe 2031? Both are certainly building up their net worth, but they don’t have enough capita...Read More
 
Trump Speech Fuels Another Leg Up For Oil and Yields
4/2/2026 8:11 AM
Things don"t always happen like you"d expect. There was some buzz yesterday in the run up to yesterday night"s Trump speech. Even during the domestic trading day, we knew the speech would offer some touting of accomplishments and a reiteration that objectives were "nearly complete." Both of those things happened, but the speech also promised forcef...Read More
 
Surprisingly Light Volatility
4/1/2026 3:07 PM
Surprisingly Light Volatility Bonds digested several big ticket economic reports as well as a host of war-related headlines that probably would have caused a much bigger reaction a few weeks ago. But the net effect was an almost perfectly flat day by the 3pm CME close. If anything, the data caused some weak...Read More
 
Mortgage Rates Steady to Slightly Lower
4/1/2026 2:14 PM
Mortgage rates were little-changed on Wednesday, despite the release of several economic reports and another deluge of war-related headlines. In the slightly bigger picture, the market is trading with some sense of hope of a finite timeline for the war. Today, that meant a moderate drop in oil prices and bond yields (aka "rates"). Bonds struggled ...Read More
 
Another Big Drop in Refi Demand, But Still Higher Year Over Year
4/1/2026 1:58 PM
Mortgage applications fell  for the third consecutive week amid an increasingly volatile rate environment. The Mortgage Bankers Association (MBA) reported a decrease of 10.4% on a seasonally adjusted basis for the week ending March 27. The Refinance Index fell 17% from the previous week, but remains 33% higher than the same week one ye...Read More




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Weekly mortgage refinance demand is down more than 40% in the past month
4/1/2026 6:29 AM
Mortgage demand from both homeowners and potential homebuyers is dropping due to higher mortgage rates and concern over the war with Iran....Read More
 
Opendoor acquires Doma's closing and escrow business in bid to lower mortgage refinance costs
3/31/2026 7:00 AM
Doma"s technology has been used in a Fannie Mae pilot program designed to reduce title insurance costs on eligible refinance transactions....Read More
 
Trump ban on investor homebuying may come at cost of a bigger real estate deal
3/29/2026 8:43 AM
President Trump"s plan to ban big investors from home ownership may not be the key to reviving the American Dream in affordable housing legislation...Read More
 
Analysis: What might trip up Kevin Warsh and his agenda as Fed chair
3/27/2026 1:30 PM
Kevin Warsh would enter the Fed as its chair with an agenda to enact that goes beyond cutting interest rates...Read More
 
Sen. Warren rips Federal Reserve chair pick Kevin Warsh: 'You have learned nothing from your failures'
3/27/2026 10:52 AM
Kevin Warsh"s nomination as chair of the Federal Reserve has been in limbo because of a criminal investigation of Chair Jerome Powell...Read More
 
Meta boosts investment in West Texas AI data center by over sixfold to $10 billion
3/26/2026 5:18 PM
Meta is increasing investment at a data center in El Paso, Texas, to $10 billion from $1.5 billion, as the company ramps up spending on AI infrastructure....Read More
 
Fannie Mae accepts first crypto-backed mortgage product
3/26/2026 12:59 PM
Better Home and Finance is partnering with Coinbase on a crypto-backed mortgage that conforms to Fannie Mae guidelines....Read More
 
How the Iran war could crush the U.S. housing recovery, and it's not just about mortgage rates
3/25/2026 2:34 PM
A combination of higher mortgage rates and economic uncertainty are reversing what was expected to be a recovery year in the housing market...Read More
 
Single women see homeownership as 'a wealth-building tool,' economist says, but buying remains a challenge
3/26/2026 6:22 AM
For years, single men who were first-time homebuyers had higher annual income than their female counterparts, according to the National Association of Realtors...Read More
 
Mortgage demand drops more than 10% as rates hit the highest level since October
3/25/2026 8:09 AM
Mortgage demand continued to tumble last week, as mortgage rates surged higher and affordability weakened further....Read More




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