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Mortgage Rates Lower or Higher, Depending on When You Look

8/26/2026 2:29 PM

Intraday volatility in the bond market can make it tricky to track day over day changes in mortgage rates. Lenders publish the day"s first rates based on bond market prices around 9:30-10:00am ET, but things can change if bonds move enough.  Yesterday, bonds improved enough in the afternoon for many lenders to offer lower rates. If we compare...Read More

Credit, AI Platform, System Tools; Webcasts; Equity and Non-Agency News; Capital Markets

8/26/2026 10:45 AM

Hackers intercepted about 103 bank regulators’ e-mails for more than a year, gaining access to highly sensitive financial information, according to two people familiar with the matter and a draft letter to Congress seen by Bloomberg News. What are the implications of that? Anthropic is telling investors that it has the potential revenue of basicall...Read More

Bonds Pouting After Higher PCE

8/26/2026 7:47 AM

To be fair, not all of the PCE data was higher than expected, but none of the top line numbers were lower than expected. Core PCE was on target (notably 0.246%, so it nearly rounded up to 0.3 vs 0.2), but headline inflation was a tenth of a point above the monthly and annual targets. Traders were apparently positioned for better news as the bond ma...Read More

Bonds Rally on Peace Deal Hopes

8/25/2026 3:33 PM

Bonds Rally on Peace Deal Hopes The day ended as it began: with bond yields and oil prices dropping in unison based on hopeful headlines surrounding the Iran war. Perhaps the market was in the mood for a rally because the headlines weren"t particularly specific or compelling. Oil prices are closer to the mi...Read More

Mortgage Rates Follow Oil Prices Lower

8/25/2026 2:41 PM

Fuel prices continue dictating most of the day-to-day momentum for interest rates and today was a notable example. Early this morning, news reports suggested progress in the peace process via Pakistani mediators. Oil prices dropped sharply in response and bond yields followed the move. Bond yields correlate with mortgage rates. When yields are fal...Read More

Webcasts, UAD 3.6, Compliance, Digital HELOC, MSR Valuation Tools; Rates Quiet

8/25/2026 10:52 AM

Zillow and Redfin settled their FTC antitrust case, as we figured they would, and certainly technology was involved. With the increase in artificial intelligence, many teachers have gone back to having all writing done in classes, handwritten, or with an electric typewriter. Would parents rather have their child learning something in class from the...Read More

Oil Down, Yields Down

8/25/2026 9:06 AM

No point in wasting time/words on analysis when cause and effect remains so simple. After news regarding potential progress is peace negotiations, an overnight drop in oil prices coincided perfectly with a drop in Treasury yields. The end. ...Read More

Tune Out The Noise (Part 2)

8/24/2026 3:56 PM

Tune Out The Noise (Part 2) Last week, when Treasury announced higher per-operation limits for the buyback program, we advised tuning out the noise. Specifically, this meant that the announcement was not ever destined to be a material market mover or provide lasting relief for rates despite ample media cove...Read More

Mortgage Rates Sideways to Slightly Higher

8/24/2026 2:59 PM

Mortgage rates are based on bonds, but whereas bonds improved slightly from Friday"s levels, mortgage rates are microscopically higher for the average lender. The issue is timing. Mortgage lenders set rates last Friday during a time of day when bonds were at their best levels. In other words, today"s improvement is only an improvement relative to ...Read More

Borrower Analysis, 1st Lien HELOC, Ginnie eNote Products; Webcasts Approaching; NEXA/UMortgage Deal

8/24/2026 10:47 AM

“People make their wealth out of one investment. People keep their wealth by diversifying their investments.” Owning mortgage servicing rights has created wealth for many companies, and STRATMOR’s current blog is, “Those Monthly Payments Go Somewhere.” I am glad that all my 401(k) isn’t in Agency shares: Fannie Mae’s stock is down 42 percent this y...Read More

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