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Broker, DPA, AI Governance, Benchmark, U/W Products; Webinars; STRATMOR on Mergers

10/30/2026 10:41 AM

As companies around the nation stage in-person or virtual costume contests, here’s some information for you a little off the beaten path. People want to own a home (“no one grows up wanting to be a renter”) regardless of… the amount of daylight? Looking at averages in the Continental United States (not Alaska or Hawaii), the difference between the ...Read More

Bond Yields Not Eager to Follow Stocks Lower

10/30/2026 8:59 AM

Bonds were initially stronger in the overnight session with 10yr yields briefly falling under 4.90%. The rally generally aligned with overnight losses in the stock market, at least at first. When European markets came online, bonds began drifting more sideways even as stocks gradually declined to new lows. Given that today is month-end and that muc...Read More

Tech Jitters are Back. Bonds Like It

10/29/2026 4:08 PM

Tech Jitters are Back. Bonds Like It As has been the case for the past several weeks, the near-term fate of the rate rally is dependent on tech jitters. While those had leveled off in a sideways pattern over the first few days of the week, they resurfaced today, both at the NYSE open and close. The 4pm move...Read More

Rates Dip to New Multi-Week Lows

10/29/2026 3:16 PM

After 4 rather uneventful trading days, the bond market (which underlies interest rate movement) experienced a bit more volatility today. Fortunately, it was volatility in a friendly direction. 10yr Treasury yields ended the day at their lowest level since September 22nd. Mortgage rates dropped to their lowest mark since September 23rd for the ave...Read More

Non-QM Execution, Real Estate Agent Service, UAD 3.6, Jumbo Products; Freddie Earnings

10/29/2026 10:12 AM

Artificial intelligence continues to capture the imagination of a wide range of companies, including lenders. “Why Underwriting Is the Right Problem for AI to Solve First,” is a topic on a recent Thought Leadership piece. It will be a topic on today’s The Big Picture with James Sais, the head of mortgage lending at Fifth Third Bank. You may be thin...Read More

No Whammies From PCE Data. Tech Plunge Helping

10/29/2026 8:48 AM

PCE inflation was almost perfectly in line with even the unrounded expectations. The monthly core number was 0.32 vs 0.34 (or .3 vs .3 on most econ calendars). Perhaps the modest miss helps explain the modest drop in yields at 8:30am.  All in all though, it was a small enough response as to obviate any further consideration. Bonds experienced ...Read More

Minimal Impact From Fed

10/28/2026 3:50 PM

Minimal Impact From Fed Fed day has come and gone with minimal fanfare. Markets ultimately found reason to downgrade expectations for future rate hikes (likely due to Warsh"s general "wait and see" comments during the press conference), but at the expense of a bit of weakness in the longer end of the yield ...Read More

Mortgage Rates Move Modestly Higher

10/28/2026 3:15 PM

Today"s Fed announcement had no impact on mortgage rate movement, and minimal impact on intraday bond market volatility. Well before the Fed announcement, the bond market was already slightly weaker compared to yesterday"s latest levels. As a result the average mortgage lender set rates just a hair higher. Despite the increase, 30yr fixed rates ar...Read More

Here"s What Changed in The New Fed Announcement

10/28/2026 1:00 PM

The Federal Open Market Committee approved the following statement for release by a 12 10 – 0 2 vote: The Committee decided to raise maintain the target range for the federal funds rate by 1/4 percentage point to at 3-3/4 to 4 percent, in support of the Federal Reserve"s dual mandate. The Committee is continuing its policy of maintai...Read More

AI Governance, License Renewal, Servicing Transfer, SOC Products; Fannie Earnings

10/28/2026 10:01 AM

The other day I went to Costco, and for $5.99 bought a pumpkin pie the size of a hubcap. What inflation? Costco’s hot dog/soda combo or the rotisserie chicken are loss leaders, but actual gasoline, beef, lettuce, restaurant meals, goods from overseas, and other items’ price changes have kept inflation in the headlines and impacted mortgage rates. (...Read More

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