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Knock Knock Knockin" on 10yr Floor

2/26/2026 3:16 PM

Knock Knock Knockin" on 10yr Floor Sometimes, it"s a shame that the 7yr Treasury isn"t the most popular bond market benchmark. If it were, today"s headline could reference "knockin" on 7"s floor." Whether it"s the 3.77 level in the 7yr Treasury yield or 4.0% in the 10yr, bonds are repeatedly approaching the...Read More

Best Week For Mortgage Rates in Years

2/26/2026 2:42 PM

Given that we have the somewhat unpopular job of reporting that today"s average top-tier 30yr fixed mortgage rate is 6.00 again, rather than the 5.99 seen earlier this week, we can at least find one glowingly positive development as a silver lining. In fact, the silver lining is more than a consolation prize. It"s actually better news than another...Read More

MBS Optimization, Non-Del Non-QM, Fraud, Realtor Tools; STRATMOR on Momentum; Jamie Dimon, AI, and Markets

2/26/2026 10:46 AM

The latest example is ICE Mortgage Technology launching its new Homeowner Portal, powered by LERETA’s tax tracking data, “giving homeowners real-time visibility into their property tax and insurance payment information. The integration enhances transparency for borrowers while helping servicers improve efficiency and reduce inbound customer inquiri...Read More

Back to The Stronger End of The Range

2/26/2026 9:37 AM

This is the problem with narrow trading ranges. Yesterday, yields were safely inside a narrow range near long-term lows. Today, they"re challenging the lowest levels since November. Any time we"re at the best levels in months, it"s normal to want to know why, but because of the narrow range, there isn"t really a new "why" for today"s share of the m...Read More

In-Range PM Weakness

2/25/2026 3:45 PM

In-Range PM Weakness Viewed under a microscope, it may have seemed like today was a relatively volatile session for the bond market.  Weaker opening levels in Treasuries gave way to a mid-day rally that nearly got rates back to unchanged levels. But the afternoon saw steady selling that took bonds to t...Read More

Mortgage Rates Mostly Holding Long-Term Lows

2/25/2026 2:37 PM

It may not be as glamorous as being able to say mortgage rates are "in the 5s," but at 6.00%, today"s MND rate index is a mere 0.01% higher than yesterday"s multi-year low.  For all practical purposes, this means the average borrower will see almost exactly the same rates as yesterday.  In many cases, the quotes will be exactly the same.&...Read More

Non-QM, QC, Cash Flow Worksheet, Virtual Economist, Home Equity Closing Products; FHA/VA News

2/25/2026 11:00 AM

It is no secret that Congress and regulators have trouble keeping up with technology. But is an AI “conversation” with a borrower any different than a questionnaire given to that same borrower? Will the line be drawn at RESPA items? Can regulators audit transcripts of AI “conversations” without court orders? (One way to have the “inside scoop” on i...Read More

Re-Settling Into Same Narrow Range Amid Lack of Data

2/25/2026 8:42 AM

Some days, there"s a lot to say about what"s going on in the bond market. Other days are like today. Analysts have to lean on themes like trading ranges, technicals, and the asset allocation trade (buy stocks / sell bonds, and vice versa). Incidentally, those default explanations continue to hold some water with 10yr yields once again hesitant to p...Read More

Calmly Holding in Super Strong Territory

2/24/2026 3:15 PM

Calmly Holding in Super Strong Territory MBS may not be quite as high as they were yesterday, but in the bigger picture, today"s levels are right in line with the best we"ve seen in more than 3 years. More importantly, mortgage rates are verifiably at the best levels in more than 3 years. There was no major...Read More

Mortgage Rates Match Multi-Year Low For 2nd Straight Day

2/24/2026 2:53 PM

The average top-tier mortgage rates made it back to 5.99% yesterday for the first time since January 9th and only the second time in more than 3 years. With rates holding perfectly steady today, this is the 3rd day that matches that multi-year low. In one important way, the past 2 days represent a bigger victory for rates. Back on January 9th, the...Read More

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