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CPI Helped Bonds Avoid Losing Ground

1/13/2026 3:46 PM

CPI Helped Bonds Avoid Losing Ground Bonds began the day in slightly weaker territory and managed to flip into slightly stronger territory after the CPI data. Core monthly CPI printed at 0.2, but was rounded down from 0.24. In other words, it wasn"t as big of a beat as the "0.2 vs 0.3" result suggested. The...Read More

Mortgage Rates Now Solidly Back Above 6%

1/13/2026 2:25 PM

According to our chart of MND"s mortgage rate index, 30yr fixed rates bottomed at 6.01% yesterday, but that"s because the chart logs the day"s latest entry.  On Friday, until late in the day, the chart showed a rate of 5.99%. It was only after several lenders raised rates in the afternoon that the index moved up to 6.06%. Today"s rates ended u...Read More

Broker, Jumbo, Verification, Climate Risk Products; CFPB Requests Money, Reverse Referral Opinion; CPI Data

1/13/2026 10:44 AM

Today’s Capital Markets Wrap (3PM ET) will cover how mortgage rates may be impacted by the lack of a traditional flight to quality despite rising international unrest, alongside proposed limits on institutional SFR purchases, rate sheet changes, recent presidential commentary on GSE bond buying, and… the proposed credit card interest cap. “Rob, yes...Read More

Mixed, But Modestly Stronger Reaction to CPI

1/13/2026 9:00 AM

CPI came out just a bit lower than expected with the monthly core at 0.2 vs 0.3 and annual core at 2.6 vs 2.7.  The unrounded numbers were closer to forecasts and headline inflation was unchanged from last month. All that to say that there was no major directional suggestion for rates in today"s data. It"s best use is to confirm that inflation...Read More

Incidental Weakness Ahead of CPI Data

1/12/2026 3:16 PM

Incidental Weakness Ahead of CPI Data Bonds were marginally weaker on Monday with no obvious scapegoats in sight. Some reporters pointed toward Fed Chair Powell"s criminal inquiry as rattling the market, but bonds were effectively unchanged in the 1pm hour after a well-received 10yr Treasury auction.  ...Read More

Mortgage Rates Inch Higher From 3 Year Lows

1/12/2026 2:44 PM

Mortgage rates are either higher or lower today, depending on the lender in question. Some lenders raised rates on Friday afternoon in response to weakness in the bond market (lenders set rates based on the trading levels of MBS, the bonds that underlie the mortgage market). Those lenders are actually slightly lower today. Lenders who didn"t raise...Read More

ICE Experience, AI Webinar, LOS, Inside Sales, BBYS, DSCR Products; Is a Cap on Credit Cards Possible?

1/12/2026 10:46 AM

The National Association of Realtors (NAR) reports that the median age of first-time homebuyers has increased significantly, reaching 40 years old, compared to 29 years old in 1981. Not only that, but first-time home buyer share has fallen to a historic low of 21 percent. If you’re a lender, do you have the products in your arsenal to take advantag...Read More

Bond Market Only Marginally Interested in Powell Drama For Now

1/12/2026 9:29 AM

The most important-sounding news over the weekend was last night"s subpoena of Fed Chair Powell over statements made to congress regarding the Fed"s building renovations. Bond yields were slightly higher this morning and commentators erroneously connected those dots. There was actually no meaningful movement in either direction when the news hit, b...Read More

Wild Ride For MBS as Traders Digest New Developments

1/9/2026 3:16 PM

Wild Ride For MBS as Traders Digest New Developments We may have been looking to the jobs report as this week"s biggest potential source of volatility, but that changed on Thursday afternoon after Trump"s $200bln MBS buying announcement. Treasuries have only been able to watch from the sidelines. At one poi...Read More

Rates Plummet to 3 Year Lows, But There Are Caveats

1/9/2026 12:56 PM

On a week where the mortgage market was most likely to experience volatility due to Friday"s jobs report, Thursday afternoon"s surprise announcement of $200bln in GSE MBS (mortgage-backed securities) buying stole the show. This was already juicing the underlying MBS market yesterday afternoon, but traders took the surge to the next level this morni...Read More

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