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Volatility Risk Ramps Up From Here

6/29/2026 2:25 PM

Volatility Risk Ramps Up From Here Monday made it clear that traders are playing by the typical summertime, holiday week rules which often see the first day of the week result in very low volume and volatility. While participation should remain lighter than normal, that"s no guaranty of an ongoing absence o...Read More

Mortgage Rates Inch to Another 6-Week Low

6/29/2026 2:07 PM

Mortgage rates ended last week at the lowest level since May 14th. Most of the recent drop happened last Wednesday, but each day since then has added a microscopic improvement. Today was no exception with the 30yr fixed rate index falling a mere 0.01%--the lowest increment we measure. The calendar of economic events was completely empty and conseq...Read More

Verification, AI Processing, Digital Closing Tools; Ways to Think About AI; Conventional Conforming News

6/29/2026 10:29 AM

Lenders often ask about improving their execution, and STRATMOR’s current blog is “Pricing That Can Help Borrowers.” MLOs occasionally ask about an online tool that can help potential borrowers understand the process. Here’s something for your new clients, especially those who are first-time home buyers: a short quiz to get them started on what to ...Read More

3.5-Day Week Starting Out Slow and Flat

6/29/2026 9:24 AM

At the risk of jinxing it, Monday is pretty much already in the back as an uneventful start to a holiday-shortened week (early close on Thursday and fully closed on Friday). Bonds were very flat overnight and are near unchanged levels in the first few hours. Unchanged is good in this case as it means we"re holding in a friendlier trading range unde...Read More

Early Gains. Flat Afternoon. MBS Underperform

6/26/2026 3:51 PM

Early Gains. Flat Afternoon. MBS Underperform Friday ended up offering a boring conclusion to a week that had at least some measure of excitement on Wednesday. Bonds started a hair stronger, lost ground modestly and then rallied to the day"s best levels by noon. From there, 10yr yields went perfectly sidewa...Read More

Mortgage Rates End Week at Lows

6/26/2026 2:06 PM

Mortgage rates officially hit their lowest level in more than a month yesterday with MND"s 30yr fixed index falling to 6.53% from 6.55% on Wednesday. Today was completely unchanged at 6.53%, thus maintaining the lowest level since May 14th, 2026.  There weren"t any dramatic developments behind the scenes in term of economic data or news headl...Read More

New Home Sales Slide to Multi-Year Lows

6/26/2026 1:58 PM

New home sales weakened further in May, extending the pullback seen over the past several months as elevated mortgage rates and affordability pressures continued to weigh on buyer demand. According to the latest Census Bureau and HUD data, sales of new single-family homes fell to a seasonally adjusted annual rate of 580,000 , down 7.3% from Apri...Read More

Mortgage Applications Edge Higher Despite Elevated Rates

6/26/2026 1:55 PM

Mortgage applications posted a modest increase last week, though overall activity remained subdued by historical standards as borrowing costs held relatively steady. The Mortgage Bankers Association (MBA) reported a 1.0% increase in total application volume on a seasonally adjusted basis for the week ending June 19. Refinance activity provided m...Read More

Housing Starts Not Nearly as Scary Without Weird Multifamily Nosedive

6/26/2026 1:29 PM

Residential construction activity cooled in May, as housing starts and completions both moved lower while building permits edged down only slightly. Last week"s Census Bureau data suggests builders are still navigating uneven demand and affordability pressures, with a sharper pullback in starts than in permits. Privately owned housing starts fell ...Read More

Credit and Verification, AI Compliance, CRA Sourcing Tools; Housing Bill Stalls; HMDA Data; Inflation Hopes and Rates

6/26/2026 10:10 AM

We know that a) Congress passed a housing bill which, if not signed within 10 days, becomes law anyway, and b) U.S. presidents are known to be candid. Once again, we see the intersection of housing, lending, and politics with not only the postponement by the President of signing the bill, but also the statement of his alleged opinion about housing....Read More

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