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| Bombarded by Headlines, But Little-Changed | ||
| 5/18/2026 3:18 PM | ||
| Bombarded by Headlines, But Little-Changed Monday"s trading session ended up being an exercise in headline-watching, as has been the case on so many days since the start of the Iran war. Today was more active than normal in that regard. The earliest headlines (as covered in the AM commentary) were helpful u...Read More | ||
| Mortgage Rates Start Week at New 9 Month High, But Just Barely | ||
| 5/18/2026 2:34 PM | ||
| Mortgage rates hit their highest levels in more than 9 months at the end of last week. Now today, they"ve edged slightly higher yet again with the average top tier 30yr fixed rate at 6.68% versus 6.65% on Friday. This wasn"t necessarily destined to be the case today. In fact the day began with the average lender unchanged. But the underlying marke...Read More | ||
| Equity Tapping, Non-QM Hedging, AI Processing, Subservicing Tools; MBA Hallway Talk | ||
| 5/18/2026 10:43 AM | ||
| For those of you who like maps, here’s one of the states’ closing costs. And here’s something for companies who have training programs: New hires should check out the Business Glossary from MISMO. It covers business processes, events, calculations, documents, forms, regulations, AI terminology, and more. LOs of various ages tell me that people in t...Read More | ||
| Early Gains And Losses on Conflicting War Headlines | ||
| 5/18/2026 9:36 AM | ||
| Bonds began the overnight session by drifting somewhat higher in yield. The 10yr hit 4.63 before recovering modestly just before domestic trading began. Yields were still slightly higher at 7:30am but moved lower after headlines cited rumors that the U.S. agreed to lift Iran"s oil sanctions. Subsequent headlines cited a revised counter-proposal fro...Read More | ||
| Bonds Continued Drifting Weaker Throughout The Day (10yr Hit 4.6%) | ||
| 5/15/2026 4:12 PM | ||
| Bonds Continued Drifting Weaker Throughout The Day Nothing new or interesting happened during the course of the trading day. The key market movers were in place at the start of domestic trading. From an analytical standpoint, the morning commentary adequately recaps the day"s bond market motivations. Yields...Read More | ||
| April Housing Inflation Data Fills in The Dots That Went Missing During The Government Shutdown | ||
| 5/15/2026 1:12 PM | ||
| The Bureau of Labor Statistics released a highly technical research paper this week examining how the agency handled missing shelter inflation data during the October 2025 government funding lapse. The issue stemmed from the CPI’s housing survey, which was unable to collect rent data during the shutdown period. With no fresh survey results availab...Read More | ||
| Servicer Retention Fell in Q1, But Remains at Multi-Year Highs | ||
| 5/15/2026 1:04 PM | ||
| Refinance activity continued to recover in the first quarter of 2026, but mortgage servicers retained a smaller share of borrowers despite the stronger lending environment, according to the latest ICE Mortgage Monitor. ICE estimated that roughly 585,000 first-lien refinances totaling $242 billion closed during the quarter, up from a revised 5...Read More | ||
| Existing-Home Sales Flat Year Over Year Despite Inventory Gains | ||
| 5/15/2026 12:58 PM | ||
| Existing-home sales edged slightly higher in April, stabilizing after March’s decline as improving affordability and increased inventory provided modest support for buyers. Sales increased 0.2% to a seasonally adjusted annual rate of 4.02 million , matching the pace seen one year ago. “Despite mixed macroeconomic signals—including a record-hi...Read More | ||
| Purchase Activity Lifts Mortgage Applications Despite Higher Rates | ||
| 5/15/2026 12:52 PM | ||
| Mortgage applications increased modestly last week, as stronger purchase activity more than offset a slight decline in refinances. The Mortgage Bankers Association (MBA) reported a 1.7% increase in total application volume on a seasonally adjusted basis for the week ending May 8. The gain was driven entirely by home purchase demand, which contin...Read More | ||
| Mortgage Rates Surge Toward 8-Month Highs | ||
| 5/15/2026 11:40 AM | ||
| Mortgage rates are driven by bonds and the bond market hoped to see more evidence of shift toward peace during the 2-day Trump/Xi meeting in China. As soon as Trump got back on the plane to head home, bonds began tanking (i.e. jumping to higher yields). When bond yields spike, mortgage rates follow, and today is no exception. The average top-tier ...Read More | ||
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| Homebuilder sentiment improves on late spring surge in demand | ||
| 5/18/2026 10:58 AM | ||
| Builders are feeling slightly better about the housing market, as they see improved buyer traffic in a potential late spring surge....Read More | ||
| Why a small UK lender has major U.S. credit firms on edge | ||
| 5/18/2026 12:00 AM | ||
| The continuing fallout from MFS" collapse has heightened fears that problems in complex credit markets pose a broader systemic risk....Read More | ||
| Why your 'fixed' mortgage payment keeps going up | ||
| 5/17/2026 8:30 AM | ||
| Rising property taxes and surging homeowners insurance costs are pushing up the amount that homeowners must pay monthly alongside their mortgage...Read More | ||
| Mortgage rates jump to highest level since March on hotter inflation reports | ||
| 5/13/2026 1:25 PM | ||
| Mortgage rates surged to the highest level since March in reaction to two hotter-than-expected inflation reports...Read More | ||
| Mortgage rates move to highest level in 5 weeks, but homebuyers shake it off | ||
| 5/13/2026 6:33 AM | ||
| Mortgage rates continued to climb higher, but stronger homebuyer demand helped to keep mortgage applications in positive territory....Read More | ||
| New York City Mayor Zohran Mamdani's pied-à-terre property tax is moving ahead. But will it work? | ||
| 5/12/2026 3:20 PM | ||
| New York is moving ahead with a pied-à-terre property tax in its budget. Existing taxes from around the world"s major cities show the limits of the policy...Read More | ||
| Credit card debt dips to $1.25 trillion — but maintains ‘K-shaped’ pattern, New York Fed research shows | ||
| 5/12/2026 11:53 AM | ||
| Collectively, Americans owe $1.25 trillion on their credit cards, according to a new report by the Federal Reserve Bank of New York...Read More | ||
| The wealthy keep buying Manhattan real estate despite potential pied-à-terre tax | ||
| 5/11/2026 10:43 AM | ||
| Real estate sales in Manhattan worth $4 million or more increased in the past month, according to Olshan Realty...Read More | ||
| April home sales disappoint as higher mortgage rates weigh on buyers | ||
| 5/11/2026 3:04 PM | ||
| Home sales barely moved in April, as mortgage rates shot higher the month before and uncertainty over the war with Iran weighed on consumers...Read More | ||
| Tiny data centers may be coming into the homes of Americans in the future | ||
| 5/10/2026 2:21 PM | ||
| As public support for large-scale data center buildouts declines across the U.S., a new type designed to operate inside individual homes is coming....Read More | ||
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