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Real Estate News |
Bond-Specific Weakness
Mon, 28 Sep 2026 21:18:14 GMT
Bond-Specific Weakness Over the past 6 months, as bonds continued to sell off, there was frequently some solace in the fact that the rate spike correlated with oil or diesel prices enough to hope that an oil pric..[read more]
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Mortgage Rates Officially Hit 7.5%
Mon, 28 Sep 2026 20:07:00 GMT
Despite Friday afternoon's promising bond market rally and mortgage rate improvement, today's top tier 30yr fixed rate bounced back up. The average lender is now at 7.50% for the first time since April 30, 2024. While there's been a lot of sho..[read more]
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Verification, U/W, PPE, Margin Mgt. Tools; Webinars; MISMO and FRAME Offer; Buydown breakdown
Mon, 28 Sep 2026 15:23:03 GMT
We're waist deep in conferences (click here to view or add events), and every week I receive a half a dozen invitations to mortgage golf events centered around a conference. How about coming up with something where you can see and talk to more than t..[read more]
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Another Red Start, And It's Not All About Oil
Mon, 28 Sep 2026 14:10:34 GMT
Bonds lost ground overnight with traders reacting to Trump's rejection of Iran's proposal to reopen the Strait of Hormuz. This isn't the first time that bonds have reacted to war headlines regardless of movement in oil prices. While oil also moved hi..[read more]
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Respectable Recovery. Is It a Trap?
Fri, 25 Sep 2026 21:19:46 GMT
Respectable Recovery. Is It a Trap? First thing's first: the parabolic flourish of bond selling of the past 2 weeks is arguably unprecedented in recent memory. Specifically, we've seen similar levels of overall w..[read more]
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New Home Sales Back in The Range After Uncommonly Big Bounce
Fri, 25 Sep 2026 20:34:00 GMT
The new home market returned to the longer-term range last month, with sales seeing their 4th biggest rebound in 4 years. Sales of new single-family homes rose to a seasonally adjusted annual rate of 684,000 in August, up 6.4% from July's ..[read more]
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Refi Demand Logically Lower While Purchases Grind Sideways
Fri, 25 Sep 2026 19:31:00 GMT
Mortgage demand remained subdued last week as the 30-year fixed rate climbed above 7%. The Mortgage Bankers Association (MBA) reported a 1.5% decline in total mortgage application volume for the week ending September 18, following a 4.1% drop the w..[read more]
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Mortgage Rates Had a Better Day, Ultimately Dropping Just Slightly
Fri, 25 Sep 2026 18:36:00 GMT
(NOTE: This article was updated at 5:30pm from the version originally published at 2:36pm ET to reflect late day rate improvements). Mortgage rates have risen more than half a point in 2 weeks. While that's certainly not the fastest jump we've..[read more]
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Cotality's Product Array; NEXA on the Move, Mike Kortas Interview; AI and Experimentation
Fri, 25 Sep 2026 15:55:45 GMT
"Hey, it's either network or no work.' For lenders, networking is an important part of their business. In addition, generally speaking, renters are prime "feeding grounds' for loan originators searching for clients. But there's some disturbing signs ..[read more]
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More Mid-Morning Selling, But MBS Outperforming
Fri, 25 Sep 2026 15:00:43 GMT
10yr yields began the morning in slightly stronger territory, generally following a modest decline in oil prices overnight. That trend actually ran its course by 5am ET and yields began rising gradually at that time. Sellers picked up the pace after ..[read more]
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