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Surprisingly Light Selling Given The Econ Data

9/4/2026 3:53 PM

Surprisingly Light Selling Given The Econ Data Today"s market reaction to the big beat in NFP (162k vs 56k) certainly stretches the paradigm of most market watchers who"ve been in the game for more than a few years, but this has been the reality over the past year or two. Relatively rapid changes in labor f...Read More

Mortgage Applications Rebound Modestly as ARM Share Hits Five-Week High

9/4/2026 1:57 PM

Mortgage application activity showed some signs of life last week, with a modest increase in purchase demand helping offset another decline in refinancing as mortgage rates reached their highest level in four weeks. The Mortgage Bankers Association (MBA) reported a 0.8% increase in total application volume on a seasonally adjusted basis for the w...Read More

Rates Only Slightly Higher Despite Strong Jobs Report

9/4/2026 1:49 PM

Mortgage rates have a long and storied past with the monthly jobs report. Officially titled "The Employment Situation," the Bureau of Labor Statistics" (BLS) jobs report has more power than any other monthly economic report to cause volatility in the rate market over the years. It may have lost some of that capability over the past few years, but i...Read More

U/W, LOS/TPO, Workflow Automation, AI Risk, Education Tools; MBS and MSR Trends

9/4/2026 10:47 AM

Make sure that your air conditioning is in good condition, as well as clients’. Loan servicers are wondering about their collateral: “Heat in the oceans releases more slowly into the atmosphere, pushing up global temperatures the following year. The powerful 2023-24 El Nino contributed to 2024 being the warmest year on record, and we should not be ...Read More

Bonds Only Moderately Higher After Balmy NFP

9/4/2026 7:42 AM

The jobs count surged higher (162k vs 56k f"cast) in this morning"s jobs report. While such wild divergences will have the masses crying foul, and while this is a large beat, it"s not the first time that the headline job count has been this far off forecasts. This is especially understandable amid recent volatility in labor force composition. One m...Read More

Still a Resilient Day Despite Afternoon Weakness

9/3/2026 3:24 PM

Still a Resilient Day Despite Afternoon Weakness The day"s most notable development, by far, was the speech from Fed Governor Waller in which he said the Fed probably didn"t need to hike at the upcoming meeting (depending on data, of course). Fed Funds Futures reacted immediately and mostly held those gains...Read More

Mortgage Rates Drop to Week"s Best Levels

9/3/2026 2:59 PM

Mortgage rates finally had a decent day on Thursday after spending the previous three days inching into the highest levels in more than a year. Part of the improvement was due to comments from Fed Governor Chris Waller who said that it wouldn"t be necessary to hike rates at the next meeting unless inflation data surprises to the upside. Before tha...Read More

Hedging, Verification, POS, Data Mining Tools; Rocket Mortgage and RESPA; MISMO Motors On

9/3/2026 10:04 AM

Broker and Lender Products, Software, and Services As AI becomes embedded across the mortgage lifecycle, lenders are rethinking how they use data to drive decisions and automate workflows. They aren’t looking for more reports. They want solutions that help them detect signals, whether it"s a change in borrower status, a counterparty risk flag, or...Read More

Some Signs of Resilience

9/3/2026 8:56 AM

There were two separate positive developments for bonds this morning. The most obvious and actionable example was series of comments from Fed"s Waller in which he basically said he wasn"t interested in hiking rates right now unless inflation data surprised to the downside. Fed funds futures and bonds reacted instantly with 10yr yields ultimately dr...Read More

Relatively Drama-Free Day

9/2/2026 4:01 PM

Relatively Drama-Free Day These things happen from time to time. The bond market finally had an uneventful day... sorta. This may seem like a fairly odd claim for any day where yields hit the highest levels in well over a year but those were intraday highs, and they weren"t much higher than yesterday"s high...Read More

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