|
|
|
||
| Mostly Sideways and Lacking Inspiration | ||
| 6/23/2026 3:17 PM | ||
| Mostly Sideways and Lacking Inspiration Tuesday may as well have been a holiday. Volumes were among the lowest for any day in weeks and the lowest for a Tuesday in several months. The economic calendar was effectively empty and news/headlines had no discernible impact. There was token improvement in the AM ...Read More | ||
| Rates Hold Mostly Steady Despite Bond Market Improvement | ||
| 6/23/2026 2:31 PM | ||
| Mortgage rates may be based directly on the bond market, but the two don"t always move in perfect lock-step. Today was a good example of that. Bonds improved enough for rates to move modestly lower according to typical correlation. Instead, the average mortgage lender improved by the smallest possible amount that we register on our daily rate index...Read More | ||
| HELOC, Verification Products; AI Gap; Housing Bill Advances; JPMorganChase on Affordability | ||
| 6/23/2026 10:44 AM | ||
| Yesterday I published a link to Pennymac Policy Pulse, a newsletter tracking key federal policy developments shaping the housing market and broader U.S. economy. The link went to an old version; above is the link to the most current. (Today’s podcast can be found here and this week’s ‘casts are sponsored by Equifax, a global data, analytics, and te...Read More | ||
| Re-Coupling and Range Consolidation | ||
| 6/23/2026 8:58 AM | ||
| Yesterday"s most interesting development was the visible decoupling of bond yields with oil prices. To a lesser extent, one could also lament that mid-morning stock selling failed to benefit bonds, but that"s far from a regular correlation these days. In fact, the stock/bond correlation is often reversed when the market is adjusting Fed rate expect...Read More | ||
| What"s Up With Bonds Decoupling From Oil, Etc.? | ||
| 6/22/2026 3:49 PM | ||
| What"s Up With Bonds Decoupling From Oil, Etc.? On the average trading day in the past few months, if oil prices were down, and especially if other bond markets were rallying, U.S. bonds were probably rallying too. Today was the opposite and there are no glaringly obvious reasons. It"s the sort of tra...Read More | ||
| Mortgage Rates Bounce Back Toward Recent Highs | ||
| 6/22/2026 2:57 PM | ||
| Mortgage rates gave back the improvement seen last Thursday and broke above last Wednesday"s levels to hit the highest mark since June 10th. This isn"t a big range in the bigger picture, but it does leave rates near 10-month highs. The move is also a bit counterintuitive given developments in other markets and typical correlations. For instance, O...Read More | ||
| Verification Letter, AI Compliance, Retention, Decisioning Tools; Fix-and-Flip Trends | ||
| 6/22/2026 10:49 AM | ||
| Pennymac has released the latest edition of its Pennymac Policy Pulse, a newsletter tracking key federal policy developments shaping the housing market and broader U.S. economy. When national or state-level organizations engage in advocacy, they don’t visit the NAR or home builders or large title companies. They visit state legislators, Congress, o...Read More | ||
| Bonds Starting Weaker Despite Lower Oil and EU Bond Recovery | ||
| 6/22/2026 8:59 AM | ||
| European bond yields surged higher on Friday in response to political uncertainty in the U.K., among other things (ongoing global reaction to Fed day and U.S./Iran peace deal status, etc). Treasury yields were set to open higher in the overnight session as a result. All of the above is logical and fairly boring. What"s interesting is that Treasurie...Read More | ||
| Perfectly Acceptable Conclusion to a Potentially Volatile Week | ||
| 6/18/2026 2:19 PM | ||
| Perfectly Acceptable Conclusion to a Potentially Volatile Week With markets closed for the Juneteenth holiday on Friday, Thursday marked the end of the trading week. Considering the sell-off on Wednesday afternoon, the week had the potential to end on an uncomfortably volatile note. Instead, bonds pushed ba...Read More | ||
| Mortgage Rates Stage Decent Recovery of Post-Fed Losses | ||
| 6/18/2026 11:46 AM | ||
| Mortgage rates spiked yesterday after the Fed announcement. The primary driver was the Fed"s revised outlook for potential rate hikes later this year. Because the Fed Funds Rate governs ultra-short-term transactions (24hrs or less), it has the biggest impact on the shortest-term debt and a diminishing impact on longer term debt. While the typical ...Read More | ||
|
||
| House passes affordable housing bill, sends it to Trump's desk | ||
| 6/23/2026 9:02 PM | ||
| The House on Tuesday gave final passage to a bill aimed at lowering costs for homebuyers and reining in private equity...Read More | ||
| Progressive Brad Lander’s surging bid for Congress splinters Democrats' labor union alliance | ||
| 6/23/2026 9:50 AM | ||
| Rep. Dan Goldman, D-N.Y., is fighting for his political life in a race with Brad Lander, who is backed by Mayor Zohran Mamdani and Sen. Bernie Sanders, I-Vt...Read More | ||
| Senate advances housing bill to limit private equity purchases of single-family homes | ||
| 6/22/2026 5:38 PM | ||
| The House is also expected to advance a sprawling housing package this week that"s aimed at creating more supply and making homes more affordable...Read More | ||
| Homeowners tapped $47 billion in equity in the first quarter. What to consider before you borrow | ||
| 6/19/2026 8:30 AM | ||
| While high home values mean homeowners are sitting on an estimated $11 trillion in equity, it should not be viewed as free money, experts say...Read More | ||
| Jim Cramer says next week's economic data will drive the markets | ||
| 6/18/2026 5:56 PM | ||
| CNBC’s Jim Cramer said next week’s lighter earnings calendar will put the focus on key economic data...Read More | ||
| Nearly 80% of data center capacity is at elevated risk to climate hazards like flooding and fire, study says | ||
| 6/18/2026 5:00 AM | ||
| The vast majority of data centers globally face either acute risk from climate change events or chronic risk from ongoing climate issues like extreme heat...Read More | ||
| Fed holds interest rates steady: Here's what that means for credit cards, savings rates, mortgages and car loans | ||
| 6/17/2026 3:24 PM | ||
| Here’s a look at how the Fed"s June interest rate decision may affect your finances...Read More | ||
| Trump sabotages Senate bid to fast-track Clayton as DNI, committee scuttles hearing | ||
| 6/17/2026 12:47 PM | ||
| Any delay, and continuation of acting DNI Bill Pulte in the role, is likely to endanger the reauthorization of a key U.S. intelligence authority...Read More | ||
| Mortgage rates are now falling but demand is still weaker | ||
| 6/17/2026 9:10 AM | ||
| A mixed week for mortgage rates resulted in less demand from both current homeowners and potential homebuyers...Read More | ||
| Bill limiting investors from buying homes set to speed through Congress | ||
| 6/16/2026 5:34 PM | ||
| Top lawmakers reached an agreement on a key housing bill that would limit investor ownership, clearing the way for passage through both chambers of Congress...Read More | ||
|
There was a problem returning the RSS feed.
|