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| Mortgage Rates Sideways to Slightly Lower | ||
| 7/30/2026 1:52 PM | ||
| It"s not at all uncommon for mortgage rates to experience microscopic movement in either direction on any given day. In fact, it"s probably the most common eventuality over time. In that sense, today was unremarkable with the average lender moving just a hair lower versus yesterday"s latest levels. But in another sense, it"s very good news. After ...Read More | ||
| UAD 3.6, Reverse, AI, Co-Issue Products; Freddie Clocks in at $3.8 Billion; Morgan Stanley Did What in Mortgages? | ||
| 7/30/2026 10:56 AM | ||
| I was recently doing some bike riding in the Napa Valley and spent some time speaking with a wine maker. She told me that because of the increase in temperatures, growers are buying land to the south and planting vineyards there, nearer the San Francisco Bay where it is cooler. Their livelihood is at stake “up Valley.” In addition, this year’s harv...Read More | ||
| Sideways Start is a Victory | ||
| 7/30/2026 8:40 AM | ||
| This morning could have been much worse. The bond market could have continued spiraling on fear that it is now responsible for conducting monetary policy--something that sounds weird when you first read it, but is actually central to the discussion based on Warsh"s comments in yesterday"s press conference. In short, bonds tightened policy yesterday...Read More | ||
| What"s Up With Today"s Paradoxical Fed Reaction? | ||
| 7/29/2026 4:47 PM | ||
| What"s Up With Today"s Paradoxical Fed Reaction? Tough day for the casual observer to try to make sense of what happened. There"s even some disagreement between the not-so-casual observers. Let"s focus on what we can know for sure. The Fed didn"t hike. The market was pricing a 1 in 3 chance of a hike, so th...Read More | ||
| Mortgage Rates Slightly Higher Despite No Fed Rate Hike | ||
| 7/29/2026 2:53 PM | ||
| Heading into today"s Fed announcement, futures markets indicated roughly a 1 in 3 chance that the Fed would hike rates. They did not. This seems like it should have been good news for rates, but there"s a catch. Rates exist on a spectrum defined by "duration." Specifically, there are different rates for different lengths of loans. The Fed Funds Ra...Read More | ||
| Here"s What Changed in The New Fed Announcement | ||
| 7/29/2026 1:00 PM | ||
| The Federal Open Market Committee approved the following statement for release by a 12 9 – 0 3 vote: The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve’s dual mandate. The Committee reaffirmed is continuing its policy of maintaining ample reserves in...Read More | ||
| Hedging, Credit, Anti-Fraud Tools; STRATMOR on Borrower Satisfaction; Fannie"s $4 Billion Earnings Quarter | ||
| 7/29/2026 10:23 AM | ||
| “Technology is dominated by two types of people: Those who understand what they do not manage, and those who manage what they do not understand.” Even if you’re a 90-year-old LO using a rotary phone, the rest of your company, and your borrowers, use technology and new products and need to stay up on them. FICO Score 10T, adoption, for example, has ...Read More | ||
| "Pause" Ends in Iran, But Probably Not For The Fed | ||
| 7/29/2026 8:49 AM | ||
| The big news over the weekend was that the U.S. and Iran paused hostilities--something that led to 2 solid days of gains in the bond market. But in the overnight session, the pause ended as multiple attacks were reported on both sides. Oil rose predictably and bond yields did the same. One "pause" that"s less likely to change is the Fed"s abstentio...Read More | ||
| Giving Peace (And Bonds?) a Chance | ||
| 7/28/2026 3:04 PM | ||
| Giving Peace (And Bonds?) a Chance Granted, it may be far less promising than some of the more conclusive headlines that led up to previous ceasefires and peace memos, but Tuesday delivered at least a modicum of hope that war sentiment is shifting. In not so many words, an Israeli media outlet reported that...Read More | ||
| Verification, HELOC, Non-QM Broker Products; RESPA Thoughts; Redwood Trust 2x Production | ||
| 7/28/2026 10:32 AM | ||
| Does innovation in lending always means building something new? MISMO’s President Brian Vieaux challenges that familiar assumption, instead, he argues that some of the industry"s greatest opportunities lie in eliminating outdated processes that add friction without adding value. Read why the future of mortgage may depend as much on what the industr...Read More | ||
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