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| Correction Continues Despite Tariff Announcements | ||
| 7/7/2025 3:19 PM | ||
| Correction Continues Despite Tariff Announcements Bonds were moderately weaker to start the day and continued losing ground in the AM hours. Just after noon, new tariff announcements caused a surge of selling in stocks. There was initially some buying in bonds, but not much, and not for long. Tariffs ...Read More | ||
| Mortgage Rates Continue Higher For Third Straight Day | ||
| 7/7/2025 2:13 PM | ||
| For the entire 2nd half of June, it was easy to be spoiled by the absence of volatility in mortgage rates. During that time, rates were either lower or unchanged every single day. The past few business days have been a different story. This began last Wednesday as the bond market began a small correction ahead of Thursday"s big jobs report. ...Read More | ||
| Fee Collection, HELOC Products; Webinars and Training This Week; Disaster and FEMA Updates | ||
| 7/7/2025 10:51 AM | ||
| The nation is gripped with the flooding in Texas, the loss of human life and property, and how best to prevent future similar occurrences given the increase in the severity of weather. (Fairway Independent has already donated $1 million to recovery efforts.) Texas is one of the leading models in the U.S. for growth and in lending. We’ve been saying...Read More | ||
| Slow Start; Light Calendar This Week | ||
| 7/7/2025 9:16 AM | ||
| Fresh off the rally reversal courtesy of last week"s jobs report, the bond market now finds itself in a virtually data-free week with little else to inspire big departures from prevailing levels. From last Thursday"s early close, there"s been remarkably little movement so far. This is all the more notable given the fact that Thursday was the ...Read More | ||
| Big Market Reaction but Mortgages Outperform | ||
| 7/3/2025 2:25 PM | ||
| Big Market Reaction but Mortgages Outperform Today"s jobs report would have been bad for rates if it was even in line with expectations. After it came out stronger than expected (especially in terms of the unemployment rate at 4.1 vs 4.3 f"cast), it was off to the races for bond sellers. The sho...Read More | ||
| Mortgage Rates Rose Less Than Expected After Employment Data | ||
| 7/3/2025 1:56 PM | ||
| Today brought the hotly anticipated jobs report. This is the "official" job count and unemployment rate data for the U.S. and no other report has as much consistent power to cause volatility in the rate market. Today"s was particularly important because a perpetually decent labor market is the main justification for the Fed to wait and ...Read More | ||
| HELOC Products; Bank Builder JV; Customer Service and Compliance; Employment Data | ||
| 7/3/2025 10:48 AM | ||
| Tomorrow is the 4th of July, the only time of the year Americans say the day and month in the correct order. We find ourselves in the traditional “dog days of summer” which refer to the hottest and most uncomfortable days typically occurring from July 3 to August 11 in the Northern Hemisphere. Did someone say “dog”? Thank you to David I. who sent a...Read More | ||
| Refis Pick Up Steam as Rate Relief Returns | ||
| 7/3/2025 9:41 AM | ||
| Mortgage application activity moved higher last week as rates declined to the lowest levels since April, according to the Mortgage Bankers Association’s (MBA) latest survey. The Composite Index rose 2.7% on a seasonally adjusted basis for the week ending June 27. Results were not adjusted for holidays this time around, but the previous week had inc...Read More | ||
| Jobs Report Comes in Stronger. Bonds React Logically | ||
| 7/3/2025 9:23 AM | ||
| Apart from the fact that this morning"s jobs report contrasted starkly from the slew of anecdotal evidence suggesting a weaker labor market in June, the morning has proceeded almost exactly as expected. We assumed that even an on-target result was worth a bit of bond market weakness given the apparent "lead-off" induced by preceding data. The moder...Read More | ||
| Bonds Circle The Wagons Ahead of High Risk NFP | ||
| 7/2/2025 2:43 PM | ||
| Bonds Circle The Wagons Ahead of High Risk NFP The consensus for tomorrow"s NFP (nonfarm payrolls, the principal component of the big jobs report) is 110k--not much of a downgrade from last month"s 139k. The bond market has recently been trading as if it expects to see an even lower number--a fact tha...Read More | ||
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| BlackRock keeps its foot on the private-markets pedal with another acquisition | ||
| 7/7/2025 11:03 AM | ||
| The Wall Street firm agreed Monday to buy ElmTree Funds, a real estate investment firm that manages roughly $7.3 billion in assets...Read More | ||
| Homeowner’s insurance premiums vary widely from state to state, but they are all going up | ||
| 7/2/2025 12:55 PM | ||
| Homeowner’s insurance premiums are going up as increasingly severe storms and other disasters, combined with rising housing costs, are pushing rates higher...Read More | ||
| Mortgage refinance demand surges, as interest rates drop further | ||
| 7/2/2025 7:07 AM | ||
| Mortgage rates continued to fall, causing more homeowners to apply to refinance at those lower rates. Homebuyers, however, were less impacted by lower rates...Read More | ||
| Climate threat to U.S. infrastructure is accelerating. Here's what's most at risk | ||
| 7/1/2025 11:24 AM | ||
| Climate risk to U.S. infrastructure is rising, and government cuts to climate science are only accelerating that risk....Read More | ||
| An Energy Star inside U.S. homes is under attack from Trump, with the cost to homeowners uncertain | ||
| 7/1/2025 10:40 AM | ||
| Donald Trump has railed against modern dishwashers, washing machines, light bulbs, showerheads and toilets. He"s turned his ire into a presidential edict...Read More | ||
| Here's how the luxury real estate market is splitting up | ||
| 6/27/2025 6:00 AM | ||
| Here"s how the luxury real estate market is splitting u...Read More | ||
| FEMA is not a 'replacement for insurance coverage,' risk management expert says. Here's why | ||
| 6/26/2025 4:30 AM | ||
| FEMA provides aid after natural disasters, but it’s not meant to replace your home insurance plan, especially as the agency is facing major changes...Read More | ||
| Trump administration moves to count crypto as a federal mortgage asset | ||
| 6/25/2025 4:05 PM | ||
| The Trump administration is ordering Fannie Mae and Freddie Mac to formally consider cryptocurrency as an asset in single-family mortgage loan risk assessments...Read More | ||
| Primary win by pro-rent freeze Mamdani knocks shares of Flagstar bank on NYC market exposure | ||
| 6/25/2025 3:10 PM | ||
| A rent freeze could lower the value of Flagstar"s multi-family housing loans, though the extent of the potential impact is unclear....Read More | ||
| Sales of new homes tanked in May, pushing supply up to a 3-year high | ||
| 6/25/2025 12:01 PM | ||
| New home sales dropped much more than expected, as high prices, high mortgage rates and weak consumer confidence ate into demand....Read More | ||
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