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| Rates Drop Sharply to One Week Lows | ||
| 6/11/2026 3:00 PM | ||
| Mortgage rates began the day in uneventful fashion with the average lender right in line with yesterday"s latest levels. Things might have gotten off to a slightly better start, but higher inflation in this morning"s econ data and discouraging war-related headlines put upward pressure on bond yields (yields and rates are technically the same thing ...Read More | ||
| Hedging, HOA Lien Monitoring, Reverse Products; Webcasts; CFPB"s Humility Pledge | ||
| 6/11/2026 9:51 AM | ||
| Broker and Lender Products, Software, and Services On the PGA Tour, the player who enters Sunday’s final round in first place only goes on to win about one-third of the time. Getting close and finishing the job are two different things. Optimal Blue"s May Market Advantage report found a similar dynamic in mortgage pipelines: Purchase loans accoun...Read More | ||
| Some Volatility and Resilience After Trump Comments and Data | ||
| 6/11/2026 8:44 AM | ||
| Bonds were reasonably stronger in the overnight session with 10yr yields down roughly 4bps from 4.56 to 4.52. About 8 minutes before the PPI data came out, a series of Trump comments on the Iran war sent oil prices and bond yields higher (new strikes and intent to take Kharg Island). PPI added to the pressure with the monthly headline hitting 1.1% ...Read More | ||
| War Headlines Cause Mid-Day Reversal | ||
| 6/10/2026 3:04 PM | ||
| War Headlines Cause Mid-Day Reversal Bonds started the day inconsequentially weaker and picked up some gains after CPI came in a hair lower than expected at the core level. Just before noon, yields began rising and ultimately hit the 3pm close up a few bps versus yesterday. MBS were down about an eighth of ...Read More | ||
| Mortgage Rates Remain Almost Perfectly Flat | ||
| 6/10/2026 1:32 PM | ||
| There"s been remarkably little change in mortgage rates so far this week. Monday saw a modest increase vs Friday, but since then, there"s been essentially no change. Today"s rates were technically 0.01% lower than yesterday"s, but many lenders were perfectly unchanged. This is an acceptable result given the presence of high stakes economic data an...Read More | ||
| Credit, Verification, Database, Retention, Broker Tools; FTC Penalty; Cost of Living Increases | ||
| 6/10/2026 10:51 AM | ||
| “Rob, everyone knows that the GSEs (Freddie Mac and Fannie Mae) don’t use credit scores for loan approval. They use it for pricing. The GSEs have created their own scoring system and it’s just the investors that utilize the score.” True dat. It takes a while to test the impact of credit scores on defaults, delinquencies, pricing, and prepayment spe...Read More | ||
| Slightly Stronger After Ho-Hum CPI | ||
| 6/10/2026 8:52 AM | ||
| Most understand this, but some forget: CPI numbers on econ calendars are not prices. They"re the change in prices. We bring that up in case anyone thinks today"s core monthly CPI of 0.2 means that prices are lower than last month when the core was 0.4. While it"s a decent monthly number and lower than the expected 0.3, it"s also 2.4% if repeated fo...Read More | ||
| Bonds End at Strongest Levels | ||
| 6/9/2026 3:38 PM | ||
| Bonds End at Strongest Levels Unlike yesterday, which saw an uneventful open give way to intraday weakness, today"s momentum was mostly friendly. Bonds avoided panicking in the morning hours. Mid-day war-related headlines made for some quick 2-way trading in the noon hour, but yields never went any higher t...Read More | ||
| Mortgage Rates Hold Perfectly Steady | ||
| 6/9/2026 2:42 PM | ||
| Mortgage rates put an end to the most recent spike that followed last Friday"s jobs report. Most of the upward movement happened on Friday, but yesterday offered a modest aftershock. Those two days brought the top tier 30yr fixed rate up to 6.68 from 6.58 on Thursday. Today"s average remained perfectly flat at 6.68%. War-related headlines had peri...Read More | ||
| Retention, Appraisal Repurchase Risk, Analytics, Lead Gen Tools; Better Rate vs. Better House? | ||
| 6/9/2026 10:48 AM | ||
| “Rob, have you heard that retail and DTC lenders have stepped up their training and monitoring of loan officers?” Absolutely. The same granular examination that is applied to borrowers is being applied to LOs, and not only with credit checks and background searches. Originators are expensive, as are leads, and the analysis of LO performance is crit...Read More | ||
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