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| Uneventful Summertime Monday | ||
| 7/6/2026 3:03 PM | ||
| Uneventful Summertime Monday Volume and--sometimes--volatility can be generally lower in the middle of the summertime months as fewer traders are consistently at bond desks--especially on days adjacent to 3-day holiday weekends. Today was a classic example. Bonds barely budged and volume is on track for one...Read More | ||
| Mortgage Rates Start New Week Flat | ||
| 7/6/2026 2:23 PM | ||
| Volatility is always a risk surrounding 3 day holiday weekends when it comes to markets and mortgage rates, but this time around, things have been very calm. The average top-tier 30yr fixed rate remained almost perfectly flat versus last Thursday with the MND index technically falling by 0.01%. This week"s calendar of scheduled events is less cons...Read More | ||
| HELOC, AI POS, LOS Tools; Pay Attention to Agency Changes; Housing Surplus? | ||
| 7/6/2026 10:58 AM | ||
| One of the key selling points for an LO talking to a potential client about becoming a homeowner is the landlord/client relationship, which can go awry. (Pearl is the daughter of the short film’s director, by the way.) There are many reasons why renters aren’t owners, like, “can they not afford a residence,” or “are none available?” We recently lea...Read More | ||
| Steady Start; No Drama From ISM Data | ||
| 7/6/2026 9:19 AM | ||
| Bonds weathered the 3-day weekend without issue. We started the day modestly stronger, but have moved back closer to unchanged levels in the first 2 hours. The day"s only big-ticket (or semi-big-ticket?) econ data was the ISM Services index, but admittedly, that has more of an impact when it"s released BEFORE the jobs report. Moreover, it was right...Read More | ||
| Not Reading Too Much Into Late Day Reversal | ||
| 7/2/2026 1:17 PM | ||
| Not Reading Too Much Into Late Day Reversal Bonds rallied quickly in response to this morning"s jobs report and pressed to even stronger levels by mid-day. That"s the point in the day that most traders (the ones actually working) consider bonds to be "closed." You"re free to do the same and count today as a...Read More | ||
| Mortgage Rates Recover Somewhat | ||
| 7/2/2026 12:05 PM | ||
| Today is a half day for financial markets, which is a typical feature of a federal holiday weekend. Because tomorrow is fully closed, the big jobs report (normally a Friday affair) was instead released this morning. It ended up helping rates move lower. The jobs report (officially "The Employment Situation") measures new jobs created (or lost) eac...Read More | ||
| Mortgage Applications Flat, Purchase Activity Edges Higher | ||
| 7/2/2026 10:50 AM | ||
| Mortgage application activity was essentially unchanged last week, as a modest increase in purchase demand offset a slight decline in refinancing. The Mortgage Bankers Association (MBA) reported a 0.04% increase in total application volume on a seasonally adjusted basis for the week ending June 26. Purchase activity provided the week"s modest su...Read More | ||
| Younger Borrower, Medical Professional; Full Loan Cycle AI; CEO Kim Nelson Interview; Non-Agency News | ||
| 7/2/2026 10:43 AM | ||
| The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the first quarter of 2026. The OCC Mortgage Metrics Report, First Quarter 2026 showed that 97.7 percent of mortgages included in the report were current and performing at the end of the quarter, a slight incre...Read More | ||
| Home Prices Growing Slower, But Outright Prices Still at All-Time Highs | ||
| 7/2/2026 10:40 AM | ||
| Home price appreciation remained subdued in April, as the latest data from both FHFA and the S&P Cotality Case-Shiller Home Price Indices continued to point to a housing market with little overall momentum. While annual price growth improved modestly from the prior month in both reports, elevated mortgage rates and ongoing affordability cha...Read More | ||
| Red Night, Green Morning After Weaker Jobs Data | ||
| 7/2/2026 8:05 AM | ||
| Bonds continued drifting gently higher in the overnight session with 10yr yields just barely edging above 4.50% before today"s big jobs report (the only calendar event of note before the holiday weekend). The reaction is perfectly reasonable given the data results. The payroll count was weaker (57k vs 110k, with another -71k of revisions) and bonds...Read More | ||
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