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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

Another Decent Start, But Will it Last?

6/9/2026 8:51 AM

For the second day in a row , bonds are starting out in modestly stronger territory, but let"s hope we don"t repeat yesterday"s performance. That left yields even higher at the close than they were on Friday afternoon. Today"s overnight gains leave yields in similar territory to yesterday morning. One redeeming technical development is that yields ...Read More

Bonds Faded in the Afternoon Despite Oil Price Recovery

6/8/2026 4:18 PM

Bonds Faded in the Afternoon Despite Oil Price Recovery Oil prices and bond yields started the overnight session higher, but both moved to the lows of the day just after 9:30am. From then on, oil went broadly sideways while bonds sold off gradually. If oil had instead moved higher into the afternoon, we mig...Read More

Mortgage Rates Just a Bit Higher After Last Week"s Jump

6/8/2026 3:33 PM

The average top-tier 30yr fixed mortgage rate rose 0.08% last Friday after the jobs report came in much stronger than expected. Today added another 0.02% of upward movement. Today"s level of 6.68% is the 3rd highest of the past 9 months. Unlike Friday, there were no big-ticket economic reports driving volatility in rate markets. The only arguable ...Read More

Verification, Non-QM Corresp., AI/POS Products; Upcoming Webcasts; Non-Agency Product News

6/8/2026 10:29 AM

Remember when talk of a “re-IPO” of Freddie and Fannie dominated residential lending news? That has certainly quieted, Pulte’s attentions are diverted, and you can certainly buy stock in them now: share prices for both are down about 30 percent this year so maybe they’re a bargain. For those new to the biz, the FHFA oversees F&F, and the FHFA’s...Read More

Traders Cautiously Buying The Dip

6/8/2026 8:57 AM

Things got a bit worse before they got better over the weekend. 10yr yields were as high as 4.58% in overnight trading, but are now roughly unchanged in early domestic trading. Oil prices mirrored the same movement overnight, but haven"t recovered as much as bond yields. In fact, bonds arguably led the move lower with a gradual rally starting ...Read More

At Least It Didn"t Get Much Worse After The Initial Rout

6/5/2026 3:42 PM

At Least It Didn"t Get Much Worse After The Initial Rout If you had to find something reassuring to say about the bond market today, it would be that there wasn"t much selling after 9am ET. Unfortunately, there was a whole lot of selling in the prior 30 minutes. Try as they might, analysts couldn"t find any...Read More

Mortgage Rates Jump After Strong Jobs Report

6/5/2026 1:29 PM

Over the past three months, mortgage rate movement has been driven primarily by developments in the Iran war. It"s not that war, itself, is a consideration, but rather the implications for fuel prices and inflation. Bonds care deeply about inflation and interest rates are based directly on bonds. When inflation isn"t raging (or at the risk of ragi...Read More

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