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Range-Bound Cruise Control, PM Edition
12/22/2025 2:57 PM
Range-Bound Cruise Control, PM Edition Bonds came into the domestic session at slightly weaker levels and held mostly sideways for the entire day. There were no meaningful market movers in play, let alone any meaningful movement. Volume clocked in at the lowest non-holiday level of the year. NOTE: this week...Read More
 
Mortgage Rates Hold Steady to Start Holiday-Shortened Week
12/22/2025 2:21 PM
Mortgage rates are tied to movement in the bond market and bonds were close enough to Friday"s levels that mortgage rates were essentially unchanged today. This keeps the average lender in the lower portion of the narrow range seen over the past 4 months.  If rates manage to move noticeably lower from here, they"ll be challenging the lowest le...Read More
 
Transitions; Broker, HELOC Products; loanDepot LO Comp Case Ethics Question; Dive Into Data
12/22/2025 10:48 AM
As we approach the end of the year, we’re seeing the usual interest in other opportunities, especially if pipelines aren’t full or management is dealing with people “aging out.” I received this note: “Rob, I need a very targeted approach to finding a new CFO, as my current one is retiring. Know anyone who can help?” I do indeed. You can start with ...Read More
 
Range-Bound Cruise Control
12/22/2025 9:34 AM
2025 is effectively over when it comes to meaningful shifts in the bond market. The coming days will be so heavily-affected by light volume/liquidity that any apparently significant shifts would be taken with a grain of salt anyway. Even as we look back over the past 4 months, we see a persistence of the very narrow 4.00-4.20 range in 10yr yields. ...Read More
 
Bond Market in Holiday Mode
12/19/2025 3:33 PM
Bond Market in Holiday Mode Holiday mode is impossible to clearly define when it comes to its impact on the bond market. We know it when we see it, and we saw it today. Bonds paid no attention to econ data no matter how much it may seem that the 10am Consumer Sentiment numbers had an impact. Movement was mi...Read More
 
Mortgage Rates Just Off 2-Week Lows
12/19/2025 3:09 PM
It ended up being a fairly uneventful day for mortgage rates despite scattered speculation about the impact of foreign monetary policy decisions. The average lender nudged just a hair higher, resulting in the 2nd lowest reading of the week. Apart from yesterday, the last day with lower rates was more than 2 weeks ago on December 4th. The coming we...Read More
 
Highest Existing Home Sales in 8 Months But Don"t Get Excited
12/19/2025 12:55 PM
Existing-home sales extended their recent stabilization in November, rising 0.5% to a seasonally adjusted annual rate of 4.13 million , according to the National Association of Realtors (NAR). This is the 3rd straight increase and annualized sales are at their highest level in 8 months. The catch is that--much like several other housing metrics--...Read More
 
Three Straight Months of Improvement in Builder Confidence, But There"s a Catch
12/19/2025 12:39 PM
The December National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) edged up one point to 39. This is the 3rd straight month of improvement in the index--a development that could be confused for something encouraging.  But the reality is that builder confidence is merely drifting along just barely above the lowest ...Read More
 
Mortgage Apps Still Strong vs Last Year, But Down Slightly Last Week
12/19/2025 12:33 PM
Seasonally adjusted mortgage application activity declined 3.8% last week, according to MBA’s Weekly Mortgage Applications Survey for the week ending December 12. Unadjusted applications fell 5% from the prior week, reflecting a typical seasonal slowdown as the year draws to a close. The Refinance Index slipped 4% from the previous week but remain...Read More
 
Credit Review, HELOC, 2nd Products; Freddie and Fannie News; Cap. Markets
12/19/2025 10:45 AM
Lender and Broker Services, Products, and Software Newrez Wholesale has enhanced its partner protection program with Newrez Broker Protect, delivering broader and longer coverage for approved partners. Starting January 1, 2026, all approved broker partners receive 18 months of solicitation protection on funded Agency and Government loans. RezClub...Read More




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I stayed in a $40 capsule hotel as return to office mandates drive workers back to the city
12/20/2025 2:55 AM
RTO mandates has workers who don"t live in cities scrambling to find inexpensive ways of staying in the city without resorting to hostels....Read More
 
November home sales struggle as supply stalls
12/19/2025 10:39 AM
Existing home sales edged slightly higher as prices continued to rise and supply dropped. The higher end of the market is performing better...Read More
 
Mortgage rates move higher after the Fed rate cut, causing loan demand to drop
12/17/2025 10:56 AM
Mortgage rates moved higher after the Fed cut interest rates last week. That caused demand to drop for both home buying and refinancing...Read More
 
Why this billionaire real estate developer is waving a red flag over data centers
12/17/2025 8:31 AM
While big players such as Blackstone, KKR and Bain Capital are buying in, Fernando de Leon, founder of Leon Capital Group, said he is sitting out. ...Read More
 
Zillow shares are getting crushed. Here's why
12/15/2025 4:49 PM
Zillow shares fell more than 11% on Monday as investors grew concerned that Google could be testing real estate listings on its search page...Read More
 
Homeowners are losing thousands in equity thanks to weakening prices
12/12/2025 10:46 AM
Weaker prices mean homeowners are starting to lose equity after several years of huge gains...Read More
 
Home prices go negative for the first time in over 2 years — and may stay that way for a while
12/11/2025 11:47 AM
Home prices have not gone negative since mid-2023, a year after the Federal Reserve first brought rates up from zero, and mortgage rates moved sharply higher...Read More
 
Esusu, platform for renters to build credit scores, valued at $1.2 billion in new funding round
12/11/2025 7:39 AM
Esusu raises $50 million at a $1.2 billion valuation as it helps more renters build credit scores and gain access to mortgages and other financial products...Read More
 
What December's Fed rate cut means for your mortgage, credit card, auto loan, student debt and savings
12/10/2025 2:07 PM
From credit cards and car loans to mortgage rates, student loans and savings accounts, here"s a look at the ways a Fed rate cut could affect your finances...Read More
 
Walmart and Alquist strike landmark deal, jump-starting 3D-printed commercial real estate
12/10/2025 8:58 AM
The new technology has started to grow in the homebuilding market, but has been far slower in commercial construction...Read More




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