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Real Estate News |
Markets Rocked by New Tariff Drama
Fri, 10 Oct 2025 21:43:30 GMT
Markets Rocked by New Tariff Drama Bonds were already having a decent day this morning with overnight market movers bringing yields in line with the lower end of the recent range. Mid-day drama caused massive sel..[read more]
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Mortgage Rates Lowest Since Fed Day
Fri, 10 Oct 2025 19:16:00 GMT
Mortgage rates saw their biggest day-over-day decline of the past several weeks today in response to unexpected news regarding additional tariffs on China. Trump had previously been scheduled to meet with China's President Xi in 2 weeks, but to..[read more]
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Refi Demand Ebbs Gradually As Rates Remain Rangebound
Fri, 10 Oct 2025 18:22:00 GMT
Mortgage application activity declined again last week as refi demand continues pulling back after the surge in mid September. According to MBA's Weekly Applications Survey for the week ending October 3, total volume fell 4.7% on a seasonally adjuste..[read more]
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Audit, Interest Rate Risk Products; Gov't Program News; Home Builder Interview; Shutdown and Data Releases
Fri, 10 Oct 2025 15:49:14 GMT
The stalemate & shutdown continue, all but eliminating the government release of economic news. Recall that the U.S. Treasury posted a $345 billion budget deficit in August, the largest monthly deficit of 2025 and the 2nd-worst August on record but h..[read more]
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Overnight Gains on Fed Comments And Japanese Politics (Really)
Fri, 10 Oct 2025 13:44:41 GMT
At the start of the week, we noted Japanese political developments as a key reason for overnight losses on Monday morning. This had to do with Takaichi winning control of Japan's LDP party, thus making her the front runner to become the Prime Mi..[read more]
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Uneventful Day; MBS Underperform
Thu, 09 Oct 2025 20:05:14 GMT
Uneventful Day; MBS Underperform It's not uncommon to see MBS outperform their Treasury benchmarks in the run up to a round of weekly Treasury auctions only to underperform when the auction cycle wraps up. That u..[read more]
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Mortgage Rates Move Slightly Higher
Thu, 09 Oct 2025 19:33:00 GMT
It's getting pretty tough to weave an interesting narrative on mortgage rates over the past 3 weeks. During that time, they just haven't changed that much for the average lender. Today was just another day in that regard. Bonds (which dictate day to..[read more]
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DPA, eNote, Credit Tools; Fannie and Freddie Open for Business; Conv. Conforming Changes
Thu, 09 Oct 2025 15:46:02 GMT
"Two lawyers walk into a pub. They order a couple of drinks and take subs out of their brief cases. They begin to eat. Seeing this, the angry pub owner exclaims, 'Excuse me but you cannot eat your own sandwiches in here!' The two look at each other, ..[read more]
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In-Range Weakness For No Particular Reason
Thu, 09 Oct 2025 13:17:31 GMT
With Jobless Claims on hold due to the shutdown, bonds are forced to endure another data-free morning. The calendar offered a glimmer of hope with a Powell speech, but it was pre-recorded and did not address monetary policy. With that, bonds wait for..[read more]
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Some Selling Pressure After Auction and Fed Minutes
Wed, 08 Oct 2025 19:21:36 GMT
Some Selling Pressure After Auction and Fed Minutes There were no market-moving economic reports scheduled for today regardless of the government shutdown. That left the focus entirely on the afternoon events: th..[read more]
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