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| Calm and Slightly Stronger, But Volatility Will be Back | ||
| 5/8/2026 2:34 PM | ||
| Calm and Slightly Stronger, But Volatility Will be Back Once or twice per week, the bond market manages to post a fairly calm trading day against the prevailing backdrop of generally higher volatility. Today was such a day. The most helpful catalyst was an absence of any major war-related headlines and asso...Read More | ||
| Mortgage Rates End Week Slightly Lower | ||
| 5/8/2026 12:52 PM | ||
| It ended up being a decent round trip for rates this week. Monday kicked things off with a jump to the highest level in more than a month, and the third highest since August 2025. But that ended up being the only day where rates went higher. Wednesday brough the biggest chunk of the recovery with MND"s daily rate index dropping 0.10%. ...Read More | ||
| Higher Rates Hit Mortgage Apps, But Only Modestly | ||
| 5/8/2026 11:56 AM | ||
| Mortgage applications declined last week, reversing some of the prior period’s gains as rates climbed to their highest level in a month. The Mortgage Bankers Association (MBA) reported a 4.4% decrease on a seasonally adjusted basis for the week ending May 1. The decline was broad-based, with both purchase and refinance activity moving lower. The...Read More | ||
| 2-Month Glut of Data Brings New Home Sales Back to Center of The Range | ||
| 5/8/2026 11:30 AM | ||
| New home sales moved higher in March and February. Both months were reported on a single day this week as the Census Bureau continues catching up from the government shutdown. After dropping to 587k in January, sales rose to 635k in February and 682k in March. This represents a solid bounce back into the center of the broadly sideways range ...Read More | ||
| BBYS, Anti-Fraud, Subservicing Products; Primer Hedging Information for MLOs; Cap. Markets Deep Dive | ||
| 5/8/2026 9:42 AM | ||
| If you haven’t signed up for the Mortgage Action Alliance, do so. It’s free, has good advocacy information, and there’s strength in numbers. Recent conference chatter includes suggesting that removing politics from the mortgage conversation would be a good thing to attempt, wondering if there’s enough regulatory manpower muscle to take the existing...Read More | ||
| Forget What You Know About The Payroll Count | ||
| 5/8/2026 8:00 AM | ||
| Everyone"s been talking about the ongoing change in the significance of the payroll number in the jobs report. OK, not everyone, but economists and bond traders for sure. The issue is the rapid shift in the size of the labor force as well as recent volatility in the multiple jobholder category, among other things. Specifically, the labor force has ...Read More | ||
| Another Mid-Day Reversal. Does Jobs Report Even Matter? | ||
| 5/7/2026 2:24 PM | ||
| Another Mid-Day Reversal Driven by Dueling Headlines The overnight session featured a modest but clearly-defined rally in response to hopeful headlines on the Iran war. But as early a 9am ET, a complete reversal was beginning to take shape. Bonds remained in positive territory until the 11am hour when war h...Read More | ||
| Mortgage Rates Erase Early Improvement | ||
| 5/7/2026 1:46 PM | ||
| The day began on a fairly hopeful note for the mortgage market. During overnight trading hours, the bond market improved following a report regarding a peace framework sent to Iran by The U.S. When bonds improve, rates fall, all else equal. The gains were modest, but they allowed the average lender to set their first rates of the day at slig...Read More | ||
| Hedging and Secondary, Verification, AI, Reverse, Ops Tools; Earnings; Market Muddle | ||
| 5/7/2026 10:53 AM | ||
| Lender and Broker Products, Software, and Services Spring homebuying season is in full swing, and for many lenders, that also means a surge in home equity demand as borrowers tap rising property values. But growth can expose cracks. Every handoff, re-entry, and system switch adds time and increases the risk of human error. FirstClose is working ...Read More | ||
| More Peace Deal Hope, More Overnight Gains | ||
| 5/7/2026 8:08 AM | ||
| Bonds and oil rallied again in the overnight session, though not as swiftly as they did yesterday. News was thinner, but there was still an obvious catalyst just before 3am with a WSJ report that the U.S. provided Iran a detailed framework to end the war. The line item that caught the market"s attention was a change in the moratorium on uranium enr...Read More | ||
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