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Real Estate News
Uneventful Trading Day Despite Technical Test
Mon, 18 Mar 2024 20:03:54 GMT

Uneventful Trading Day Despite Technical Test For all that we've talked about the 4.32% technical level and considering yields hit the 3pm close at 4.338, one might expect today to have been important, interestin..[read more]

Mortgage Rates Inch to March Highs
Mon, 18 Mar 2024 19:50:00 GMT

Rates marched higher to the highest levels in March today, but most lenders are only microscopically worse off than Friday afternoon.  In the slightly bigger picture rates have moved up roughly a quarter of a percent in just over a week and that..[read more]

DSCR, FHA DPA, LOS, Warehouse, AI, Social Media Products; NAR Settlement Updates
Mon, 18 Mar 2024 15:05:48 GMT

Lenders are refinancing borrowers who took out intermediate ARMs 3, 5, or 7 years ago and whose rates have gone up. Some here in Las Vegas, walking around humming this tune while at the ICE and Lender Toolkit event, will say that adjustable-rate mort..[read more]

Fed Week Begins With Yields Up Against Ceiling
Mon, 18 Mar 2024 13:43:22 GMT

Ceilings, floors, pivot points, etc.  Technical levels don't predict the future, but they can provide context for trends.  In some cases, they can serve as cues for the next trend.  For instance, if a key level is broken, it can be a c..[read more]

On The Road To Rate Cuts, Markets Asking "Are We There Yet?" (Spoiler Alert: No)
Fri, 15 Mar 2024 20:49:00 GMT

Back in late 2023, we got in the car with the Federal Reserve with the promise of a trip to our favorite place: the land of lower interest rates. In 2024, we keep asking "are we there yet?" The more we ask, the farther we seem to be from the destinat..[read more]

Quiet Conclusion to a Raucous Week
Fri, 15 Mar 2024 20:42:45 GMT

Quiet Conclusion to a Raucous Week For a short while this morning, it looked as if bonds would break up and over the recent 4.32+ ceiling in 10yr yields, but trading calmed down and trended sideways in a narrow r..[read more]

Non-QM Secondary, TPO, Servicing, General Ledger, Marketing Products ; Events and Training
Fri, 15 Mar 2024 15:22:55 GMT

Just once, I want a username and password prompt to say, "Close enough.' Speaking of technology, this weekend Robbie and I head to Las Vegas for the ICE Experience 24 events (led off by the Lender Toolkit Supercar Experience). One big topic is bound ..[read more]

No Help From Data Today
Fri, 15 Mar 2024 13:47:02 GMT

This morning's line-up of econ data is certainly not the most relevant to the bond market, but the NY Fed Manufacturing index has registered an impact at times.  This is not one of those times.  While volume suggests traders waiting to make..[read more]

Data Calling Fed's Confidence Into Question
Thu, 14 Mar 2024 20:40:04 GMT

Data Calling Fed's Confidence Into Question As the new year began, the late 2023 assumption of multiple rate cuts from the Fed quickly gave way to the notion of needing "just a bit more confidence" that inflation..[read more]

Mortgage Rates Back Above 7%
Thu, 14 Mar 2024 20:18:00 GMT

Even though Tuesday's consumer-oriented inflation report (CPI) had the biggest potential to cause drama for rates, it was today's wholesale inflation report that did the most damage. The Producer Price Index (PPI) showed wholesale inflation running ..[read more]

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