Feel Free to Enjoy The Rally, But Don't Read Too Much Into It Bonds improved somewhat significantly in overnight trading and ...

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 ...

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

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 ...

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

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

The most interesting analysis we can offer today is a simple reminder that the word "idiosyncrasy" has an "S" at the end ...

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 ...