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Fairly Calm Monday. Jobs Report on Deck

12/15/2025 2:20 PM

Fairly Calm Monday. Jobs Report on Deck Monday ended up being a forgettable December trading day with modest overnight gains eroding to roughly unchanged levels by the 3pm close. There were no catalysts worth discussing, and even if there were, they"d pale in comparison to the inbound econ data. Tuesday mor...Read More

Mortgage Rates Slightly Lower as Volatility Risks Increase

12/15/2025 1:41 PM

Mortgage rates were just slightly lower to start the new week. This leaves the average lender"s top tier 30yr fixed rate almost dead center in the narrow range that"s been intact since early September. The absence of any significant movement on Monday is a logical outcome given the absence of any major economic data releases or headlines. But Tues...Read More

Hedging Auditor, Broker Survey, Non-QM, DSCR Products; Rising Insurance Costs

12/15/2025 10:46 AM

Lender and Broker Services, Products, and Software Home equity may have been the headline in 2025, but the real story is what comes next. With nearly $35 trillion in homeowner equity and rising consumer debt shaping borrower behavior, the opportunity is clear. The path to capturing it is not. On Wednesday, Dec. 17, at 3 p.m. Central Time, leaders...Read More

Welcoming Back Timelier BLS Data

12/15/2025 9:00 AM

The Bureau of Labor Statistics (BLS) is responsible for the two most important economic reports to the bond market: The Employment Situation (aka jobs report or NFP) and The Consumer Price Index (CPI). This week marks the return of more timely installments of these reports with NFP on Tuesday (still not 100% timely, but only a week and a half late)...Read More

Anyone Who Tells You They Know What Happens Next For Rates is Lying

12/12/2025 3:18 PM

Friday saw mortgage rates move back up near the highest levels of the week, and thus the highest levels of the past 3 months. Thus ends another week where mortgage rates end higher despite a Fed rate cut. We"ve beaten this horse to death, but here are the two key reasons Fed rate cuts don"t necessarily result in lower mortgage rates, in as few wor...Read More

Correspondent Products, STRATMOR on Borrower Psychology; Lender Tools; DSCR Appraisal Issues in Baltimore

12/12/2025 10:44 AM

“What happened with the DSCR appraisal issue in Baltimore earlier this year?” Good question. Baltimore is not alone: This week we have investors either pricing themselves out of, or ceasing loans from, the Philly market for certain non-owner loans.) The whole Baltimore thing seems to have quieted down, and up until recently the last news coming in ...Read More

Choose Your Own Market Movement Adventure.

12/12/2025 8:41 AM

There"s a noticeable divergence between long and short term bonds since the Fed announcement, and it"s becoming more pronounced today.  We can consider a few different reasons with the most basic being that the Fed rate cut outlook keeps shorter-term yields locked down at lower levels thus forcing the long end of the curve to absorb more of th...Read More

Two-Way Trading But Not Much Day-Over-Day Movement

12/11/2025 3:11 PM

Two-Way Trading But Not Much Day-Over-Day Movement Bonds had a solid morning, adding moderately to yesterday"s rally and taking yields well into the lowest levels since last Friday. But from just after the 9:30am NYSE open, bonds leaked slowly weaker, ultimately ending the day closer to unchanged levels. In...Read More

Mortgage Rates Hit Lowest Levels of The Week

12/11/2025 2:20 PM

As is sometimes the case on the day following a Fed day, the bond market carried a bit more momentum in the same direction as yesterday afternoon. Fortunately, the momentum was toward lower rates this time around--a nice break from the past two Fed days which resulted in several days (and weeks) of higher rates. This leaves the average lender roug...Read More

Correspondent and Broker Products, LOS, Automation, FICO 10T, UAD 3.6 Tools

12/11/2025 10:46 AM

Lender and Broker Services, Products, and Software For some servicers, the idea of implementing workflow automation is both appealing and overwhelming. Often, knowing where to start is the most challenging part, especially when the path forward isn’t always obvious. Clarifire’s latest blog, “Three Cost-Saving Ways Servicers Are Using Workflow Aut...Read More

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