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| Everything Winning on Combo of Trade Tensions, Fed Speak, and Earnings | ||
| 10/15/2025 9:16 AM | ||
| Stocks have made a bit of a round trip since last Friday when Trump"s tariff comments sparked a big sell-off. Bonds benefited from that at the time. So far this week, stocks have staged a solid comeback--especially today as upbeat earnings and Fed rate cut expectations provide support. Bonds continue to rally on multiple Fed comme...Read More | ||
| Mortgage Apps Dip, But Demand Still Running Strong After September Surge | ||
| 10/15/2025 8:46 AM | ||
| Mortgage application activity declined again last week, though the drop was more moderate than the prior week’s pullback. According to MBA’s Weekly Applications Survey for the week ending October 10, total volume fell 1.8% on a seasonally adjusted basis and 2% unadjusted. The Refinance Index slipped 1% from the previous week but remains 59% higher...Read More | ||
| Yields Hug Multi-Week Lows After Powell Speech | ||
| 10/14/2025 4:43 PM | ||
| Yields Hug Multi-Week Lows After Powell Speech Bonds were remarkably resilient over the extended weekend given the moderate rebound in the stock market. As of Friday afternoon, yields and stocks swooned together in response to trade war escalation with China. Stocks recovered half those losses by 3pm, ...Read More | ||
| Mortgage Rates Maintain Last Week"s Gains | ||
| 10/14/2025 4:02 PM | ||
| Last week ended with mortgage rates dropping to their best levels since September 17th. Over the weekend, the underlying bond market maintained the gains seen on Friday afternoon, thus allowing most lenders to set rates at least as low as they were at that time. The average lender is actually just slightly lower today, thus making this another new ...Read More | ||
| Signing, Borrower Retention, LOS, QC Audit, AVM Tools; Slowing Economy = Lower Rates | ||
| 10/14/2025 10:43 AM | ||
| “Where do amputees get prosthetics on a budget? The secondhand store.” Budget, stalemate, and shutdown news continues in Washington DC. The sun still comes up in the morning, and there is news on related issues. For example, thank you to Sean S. who told me that HUD opened the suggestions window for improving the HECM (reverse mortgage) product. Th...Read More | ||
| One Of The Few Times We Can Say "Strong Red Start" | ||
| 10/14/2025 8:59 AM | ||
| Bonds are flashing red on the screen (depending on when you look), but even at their weakest levels of the morning, we"d still consider this a stronger start. Reason being: Friday afternoon"s rally lasted 10 whole minutes right at the end of the session. Before that, 10yr yields were around 4.06 and 5.0 MBS were trading just under 99.5. Now th...Read More | ||
| Markets Rocked by New Tariff Drama | ||
| 10/10/2025 4:43 PM | ||
| Markets Rocked by New Tariff Drama Bonds were already having a decent day this morning with overnight market movers bringing yields in line with the lower end of the recent range. Mid-day drama caused massive selling in stocks which spilled over and made for an extension of the already-decent bond rally. Th...Read More | ||
| Mortgage Rates Lowest Since Fed Day | ||
| 10/10/2025 2:16 PM | ||
| Mortgage rates saw their biggest day-over-day decline of the past several weeks today in response to unexpected news regarding additional tariffs on China. Trump had previously been scheduled to meet with China"s President Xi in 2 weeks, but today said there was no reason to do so and that the administration is currently calculating a massive...Read More | ||
| Refi Demand Ebbs Gradually As Rates Remain Rangebound | ||
| 10/10/2025 1:22 PM | ||
| Mortgage application activity declined again last week as refi demand continues pulling back after the surge in mid September. According to MBA’s Weekly Applications Survey for the week ending October 3, total volume fell 4.7% on a seasonally adjusted basis and 5% unadjusted. The Refinance Index decreased 8% from the previous week but remains 18% ...Read More | ||
| Audit, Interest Rate Risk Products; Gov"t Program News; Home Builder Interview; Shutdown and Data Releases | ||
| 10/10/2025 10:49 AM | ||
| The stalemate & shutdown continue, all but eliminating the government release of economic news. Recall that the U.S. Treasury posted a $345 billion budget deficit in August, the largest monthly deficit of 2025 and the 2nd-worst August on record but helped by tariff revenue. This is up from July’s $291 billion deficit and has only been surpassed...Read More | ||
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