Mortgage News Daily
- Bonds End Almost Perfectly Flat May 13, 2025Bonds End Almost Perfectly Flat There are two kinds of rate/bond watchers today: those who tuned in late in the day to see bonds almost perfectly unchanged and those who were tuned in through the mild volatility this morning. The former group would simply shrug and go back to whatever it was they were doing […]
- Mortgage Rates Hold Fairly Steady After Inflation Data May 13, 2025Tuesday brought the release of an economic report that has frequently been responsible for big swings in mortgage rates. The Consumer Price Index (CPI) is the earlier of the two big inflation reports from the US government, and inflation is a big deal for interest rates. In general, higher inflation coincides with higher rates and […]
- Compliance, Dashboard, Origination Tools; eNote News; New Econ Book; Conv. Conforming Changes May 13, 2025No one in places like Florida or Myrtle Beach or Colorado’s Glenwood Springs wants to wake up to a headline, sensationalist or not, saying, “Vacation homes (about 7 million in the U.S.) are being dumped at a rapid rate as fresh fears of a housing market crash, and a shrinking pool of renters, rattle sellers. […]
- Stock Gains Creating Bond Pain After Flat Response to CPI May 13, 2025Heading into the session, we knew there was a high bar for CPI to have a positive influence on bonds with the future tariff landscape reducing the relevance of current price data, but the results were close enough to consensus that we might not have seen a big reaction anyway. Core CPI rose to 0.237 […]
- Is All News Bad News For Bonds? Will CPI Matter? May 12, 2025Is All News Bad News For Bonds? Will CPI Matter? At times these day, it may seem like all news is bad news for bonds. Higher tariffs hurt us in mid April, and lower tariffs are hurting us now. There are reasons for the paradox. Higher tariffs initially helped quite a bit, but overly high […]
- Mortgage Rates Jump to 2 Week Highs After US/China Trade Talks May 12, 2025Tariffs and trade policy have been a new and important consideration for the bond market for just over a month now. That matters to mortgage rates because mortgage pricing is primarily determined by bond prices. The reaction function for rates is a bit complicated at first glance because tariffs can exert influence in opposite directions. […]
- Coaching; Workflow, LO Mobile App, AI Products; Economist Selma Hepp Interview May 12, 2025Nearly a thousand of us head to Manhattan in less than a week for the MBA’s Secondary Conference. In 2025 Q1, the median asking rent in New York City registered at $3,397, an increase of $179, or 5.6%, compared with a year ago. Sounds appropriate, given wage growth. In other rental news, the Missouri legislature […]
- Yields Jump After Another 90 Day Tariff Pause May 12, 202510yr yields were up 8bps overnight to the highest levels since April 11th after weekend trade talks between the US and China resulted in significant reductions in tariffs for a period of 90 days (US imports down to 30% and exports down to 10%). This is better result than the market was expecting and it paves […]
- Flat Friday, But Volatility Risks Remain May 9, 2025Flat Friday, But Volatility Risks Remain Bonds started weaker, flipped stronger mid-day, and then slowly moved back to unchanged levels by the close. Most of the day's volatility surrounded comments from a Swiss finance minister on this weekend's US/China trade talks (in Switzerland). The movement was very small in the bigger picture, possibly reflecting the […]
- Mortgage Rates Barely Lower to End The Week May 9, 2025Whether it's today vs yesterday, or today vs the end of last week, the average top tier 30yr fixed mortgage rate is just a hair lower. Today's improvement was arguably a byproduct of trade related headlines this morning. Specifically, some comments suggested this weekend's negotiations between the US and China in Switzerland would merely be […]