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| Decent Gains, But Some Signs of Resistance | ||
| 6/16/2026 3:24 PM | ||
| Decent Gains, But Some Signs of Resistance Bonds improved overnight at the start of European trading and made additional gains in concert with lower oil prices during the domestic session. Notably, the gains met resistance at 4.42%--a resistance level that"s been on our radar since the last bounce a fe...Read More | ||
| Mortgage Rates Lowest Since May 14th | ||
| 6/16/2026 2:56 PM | ||
| Today"s top tier 30yr fixed rate was 6.54% for the average lender. You"d have to go back to May 14th"s reading of 6.52% to see anything lower. The latest improvement follows another moderate drop in oil prices and bond yields as global markets digest the U.S./Iran peace deal. There"s still some risk that the deal doesn"t happen as is currently exp...Read More | ||
| Stronger Overnight as Europe Trades Peace | ||
| 6/16/2026 10:55 AM | ||
| European markets definitely got in on the peace deal action yesterday, but they didn"t trade it nearly as aggressively as US markets. Why bring this up? There was a fairly obvious shift toward lower oil prices and bond yields overnight, and the most obvious suspect was simply the opening bell for European markets. While obvious, it wasn"t too...Read More | ||
| AI Products; Fair Lending, Deportations, and Service Animals; AI Governance; Pennymac"s AI Path | ||
| 6/16/2026 9:55 AM | ||
| Sure, we have a Fed meeting, but the Fed doesn’t set mortgage rates. Will they all head off on vacation after this week? Perhaps. Given the increase in the “out of office” replies I am seeing, and children in airports, summer vacation is in full swing. (Apparently families will change their spending habits to accommodate the run up in fuel costs; m...Read More | ||
| Gradual Selling Leaves Bonds Only Slightly Stronger. | ||
| 6/15/2026 3:15 PM | ||
| Gradual Selling Leaves Bonds Only Slightly Stronger. With both sides signing the peace memo, the market was immediately willing to react in the overnight session, but that reaction fell short of what we might expect for an official peace deal. This is a bond market problem more than an Iran war problem. ...Read More | ||
| Mortgage Rates Hit One-Month Lows | ||
| 6/15/2026 2:51 PM | ||
| The bad news: mortgage rates didn"t fall quite as much as one might have expected following the confirmation of the Iran peace deal. The good news: rates had already begun pricing in the peace deal last Thursday and it only took a modest improvement for the average lender to match the lowest level in exactly one month. For context, today"s M...Read More | ||
| Verification, MGIC Survey, Rocket Contest, Credit Reporting Tools; Agency Program Changes | ||
| 6/15/2026 10:26 AM | ||
| This morning, I head to Honolulu for the MBA Hawai’i annual conference. The “Pineapple State” is known for banks and credit unions dominating residential lending. Robber Willie Sutton is famously quoted as saying, "I rob banks because that"s where the money is." Large, unexpected moves in money make the headlines, and Saturday’s Commentary highligh...Read More | ||
| Near Best Levels in a Month as Peace Deal Materializes | ||
| 6/15/2026 9:07 AM | ||
| Although at least one article (from BBC) suggested a peace deal had been signed on Friday, the real word appears to be that a signing is scheduled for Friday. That fact, along with comments on a "done deal" from both sides, helped bonds rally sharply in overnight trading. 10yr yields dropped roughly 6bps and have corrected gradually since then. Yie...Read More | ||
| Minimal Deal Drama, But Next Week Could be Different | ||
| 6/12/2026 2:34 PM | ||
| Minimal Deal Drama, But Next Week Could be Different Various headlines out of Iran pushed back on the notion that a preliminary peace deal was near the finish line this morning. This resulted in modest upward pressure on yields for the first several hours of the day. Then just before 11am, Iran"s foreign...Read More | ||
| Mortgage Rates Near Lowest Levels in Weeks | ||
| 6/12/2026 1:51 PM | ||
| Some national headlines are pointing out that mortgage rates are higher this week. Those are based on weekly survey data which can often be stale compared to daily rate movement. Actual average rates are now in line with last Thursday"s levels of 6.58% for top tier 30yr fixed scenarios. That"s just 0.02% higher than May 29th levels. You"d have to g...Read More | ||
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| Mortgage rates are now falling but demand is still weaker | ||
| 6/17/2026 6:00 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 | ||
| Warsh's Fed is likely to hold rates steady — what the leadership change could mean for your money | ||
| 6/15/2026 11:37 AM | ||
| The Federal Reserve"s June meeting, the first helmed by new Fed Chair Kevin Warsh, may impact many consumer borrowing and savings rates down the road...Read More | ||
| Jim Cramer says investors have 'lost their appetite for danger' as defensive stocks take the lead | ||
| 6/10/2026 5:23 PM | ||
| CNBC"s Jim Cramer said investors are rotating into defensive sectors, signaling a growing preference for safety over risk...Read More | ||
| Weekly mortgage demand surges nearly 11% higher, despite volatile interest rates | ||
| 6/10/2026 6:44 AM | ||
| Mortgage demand from both current homeowners and potential buyers rose sharply, even though interest rates climbed as well...Read More | ||
| Home sales surged in May to the highest level since December | ||
| 6/9/2026 10:46 AM | ||
| Home sales rebounded in May as mortgage rates dropped back a bit in April, but prices are still rising...Read More | ||
| Higher mortgage rates don't just keep buyers on the sidelines. Application denials rise too | ||
| 6/4/2026 7:15 AM | ||
| The denial rate in loan applications was 15.1% in 2024, up from 12.2% in 2021, a rise that occurred alongside surging mortgage rates, the St. Louis Fed found...Read More | ||
| Sellers are pulling homes off the market at the fastest pace since 2020 | ||
| 6/4/2026 1:50 PM | ||
| Frustrated sellers are pulling their homes off the market at an increasingly high pace, as demand weakens and bidding wars wane...Read More | ||
| GOP Sen. Tillis slams Trump intelligence pick Pulte: 'Don't think he has a prayer' | ||
| 6/3/2026 1:25 PM | ||
| Pulte is widely viewed as a Trump loyalist who has targeted the president"s political foes during his tenure leading the housing regulatory agency...Read More | ||
| Mortgage rates are easing slightly, but homebuyers are retreating | ||
| 6/3/2026 7:29 AM | ||
| Mortgage rates fell slightly last week, but neither current homeowners nor potential homebuyers were inspired. Demand for mortgages fell overall...Read More | ||
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