Yields Finally Break The Range Despite an absence of market movers on the calendar, bonds found a reason to move. In fact, ...

Don't stress out. If we ignore the past 5 days, today's mortgage rates are still the lowest since early 2023.  That said, ...

Builder confidence slipped to start the year, with the National Association of Home Builders (NAHB)/Wells Fargo Housing ...

Last week reinforced the lesson anything can happen in the bond market--even with less than an hour left on an otherwise uneventful day. There's no way to plan ahead for that eternal caveat, so we're ...

Data-Driven Weakness It was a reasonably straightforward day for the bond market. Trading was flat overnight, then weaker ...

Mortgage rates moved modestly lower for the average lender today, but higher for others. The distinction is whether the lender in question made a late-day adjustment yesterday afternoon.  At the time, ...

The weekly jobless claims data (not to be confused with the big monthly jobs report) is hit and miss when it comes to its ...

Some Asymmetric Risk When it Comes to Locking vs Floating Bonds improved today mostly in response to heavy stock losses ...

Trading levels in the bond market directly impact the rates that mortgage lenders can offer. This is why rates moved so much ...

As we reported last week, the announcement that Fannie and Freddie would buy $200bln in mortgage-backed securities led to a ...

Treasury futures volumes spiked about 5 times higher in the 2 minutes following yesterday's CPI than in the 2 minutes ...