Mortgage News Daily
- What's Up With The Paradoxical CPI Reaction? July 15, 2025What's Up With The Paradoxical CPI Reaction? Heading into today's data, we knew there was a possibility of two separate reactions--one for the top line CPI numbers and one for a deeper look at the internal components. Those internals show that tariffs are having an impact even though it was a smaller impact than many […]
- Mortgage Rates Move Higher Despite Decent Inflation Reading July 15, 2025Mortgage rates are based on bonds and bonds don't like inflation. When inflation reports are higher than the market expected, rates tend to rise, all other things being equal. But today's inflation numbers were a bit lower than the median forecast. This scenario is typically more likely to push rates lower. Indeed, in the first […]
- Corresp. and Wholesale, Internal Audit, Verification Products, Redlining Webinar; When LOs Should Prospect July 15, 2025Here’s a cool password: 2 444 66666 8888888 9. (You can figure it out.) I’m no IT wizard, but some are. Do you want AI to open your emails and create drafts for you to reply to them? Fyxer does exactly that. Goldman Sachs is piloting an autonomous software engineer, Devin, from AI startup Cognition, […]
- Tariffs Show Up in CPI, But Not Enough to Hurt July 15, 2025If market watchers get out their magnifying glasses, they can certainly find some evidence of tariffs impacting inflation in various goods, but those goods are such a small part of the overall CPI calculation that they didn't account for any of this month's higher inflation. Rather, it was the usual suspects (housing, medical care, professional […]
- All Eyes on CPI July 14, 2025All Eyes on CPI Bonds have sold off a bit so far in July, but haven't lost much more ground versus last Tuesday as of this afternoon. In other words, trading levels have been coiling for nearly a week as we've traversed a data-free calendar in anticipation of a very important CPI (Consumer Price Index). […]
- Mortgage Rates Just a Hair Higher Ahead of Important Inflation Report July 14, 2025Today's movement in mortgage rates, in and of itself, is barely worth mentioning. The average lender remains close enough to Friday's levels but is technically just a hair higher. That fact is offset by the counterpoint that most of the past two months saw higher rates. The future is far more interesting than the present--specifically, […]
- HELOC, Servicing, AI Fee Research Tools; Webinars and Training; Anti-Poaching Interview July 14, 2025In news for fans of the wholesale lending channel (more below), heading into the baseball All Star Break the Philadelphia Phillies, owned in part by Freedom Mortgage’s Stan Middleman, are leading the NL East. UWM Holdings Corp CEO Mat Ishbia and SFS Holding Corp sold a combined total of 1,200,108 shares of UWM Class A […]
- Empty Calendar and a Sideways Start July 14, 2025Monday is proving to be a good candidate for a bonus summertime weekend day so far. Volumes and volatility were low overnight and trading levels are inconsequentially weaker after. There was a small amount of selling in Treasuries at 7am, but a recovery after the 9:30am NYSE open. We're now right in line with most of […]
- Bonds Bracing For CPI Impact July 11, 2025Bonds Bracing For CPI Impact Stocks sold off quickly in the overnight session in response to the announcement of 35% tariffs on Canada. Bonds view such news as a double edged sword, but also drifted into weaker and weaker territory as the day progressed. Given that yields remained inside the week's range, we're more inclined […]
- Highest Mortgage Rates of The Week, Just Barely July 11, 2025Yesterday, we characterized the prevailing mortgage rate momentum as "broadly sideways," and while that's still very true in the bigger picture, words like "up" and "higher" might need to be sprinkled in this week. For those with a glass-half-empty approach, today's rates are the highest of the week and the highest since June 24th. For […]