No plan survives contact with the enemy.” While Freddie rolled out its AI plans, for some lenders, mortgage companies owned ...

Weaker Data Endorses the In-Progress Rally Who knows how today would have ended up if the relevant econ data had come in ...

Mortgage rates improved more noticeably today, and while the average rate isn't quite as low as it was last week, it's fairly close.  Rates are based on movement in the bond market. Bonds were most ...

ADP employment report came in at -32k vs a +10k forecast. The logical conclusion would be that the data is responsible for ...

Steady Gains Throughout The Day Bonds began the day in modestly weaker territory although MBS were fairly quick to get back ...

Unlike Monday, which saw a fairly brisk move toward higher rates, Tuesday barely budged. Additionally, the budging occurred ...

I don’t know about you, but a hot shower or bath always sounds good. Tech wizards, however, have created a human washing machine. I’ll pass. At this point it would be impossible to do a home loan ...

The early days of a new trading month and the positioning ahead of next week's Fed announcement have resulted in clear curve ...

Complete Silence After AM Volatility Bonds were mostly flat overnight before a sharp sell-off from 8am through 10am ET. After ...

Mortgage rates are based on bonds and the bond market is prone to erratic behavior on major holiday weeks. One of the more ...

Bonds are sharply weaker to begin the new week and the new month. This is the first (and probably best) clue as to the nature of this morning's market movement. Thanksgiving weeks are prone to random ...

Open But Not Really Open This is just a reminder that the Friday after Thanksgiving is the most useless and inconsequential ...