Because mortgage rates are determined by trading levels in the bond market, when the market is closed, lenders don't update ...

Stop the presses!  MBS are up almost 3/8ths of a point in early trading and 10yr yields have surged lower by 8bps.  This is a ...

But Still Uneventful Bonds began the day in decent shape by pushing back against weakness during European hours.  MBS were ...

What do they call the 4th of July in nursing homes? In Depends Day.” (Another joke at the bottom.) There are plenty of ...

The National Association of Realtors (NAR) releases monthly reports on both existing and pending home sales. The latter ...

I've just checked my home insurance policy and apparently if my blanket is stolen in the middle of the night, I’m not covered ...

Not that any of this week's trading activity matters in the bigger picture, but things have been reasonably resilient after ...

Bonds are back in the office for a few days, at least in the sense that there are no holiday scheduled changes, and they've ...

Why do ducks have feathers? To cover up their butt quacks. Why did Congress pass a three-month, stopgap funding bill? To ...

Friendly Reversal Thanks to 7yr Treasury Auction The day began as so many days over the past few months with bonds ...

Mortgage rates didn't move much today, and markets have been very quiet due to the holiday week.  So we'll take a quick moment for a retrospective. In September 2022, 30yr fixed mortgage rates crested ...

Mortgage rates are based on trading levels in the bond market and bond market activity has been extremely slow, as is ...