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Real Estate News |
Big Market Reaction but Mortgages Outperform
Thu, 03 Jul 2025 19:25:49 GMT
Big Market Reaction but Mortgages Outperform Today's jobs report would have been bad for rates if it was even in line with expectations. After it came out stronger than expected (especially in terms of the ..[read more]
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Mortgage Rates Rose Less Than Expected After Employment Data
Thu, 03 Jul 2025 18:56:00 GMT
Today brought the hotly anticipated jobs report. This is the "official" job count and unemployment rate data for the U.S. and no other report has as much consistent power to cause volatility in the rate market. Today's was particularly im..[read more]
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HELOC Products; Bank Builder JV; Customer Service and Compliance; Employment Data
Thu, 03 Jul 2025 15:48:20 GMT
Tomorrow is the 4th of July, the only time of the year Americans say the day and month in the correct order. We find ourselves in the traditional "dog days of summer' which refer to the hottest and most uncomfortable days typically occurring from Jul..[read more]
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Refis Pick Up Steam as Rate Relief Returns
Thu, 03 Jul 2025 14:41:00 GMT
Mortgage application activity moved higher last week as rates declined to the lowest levels since April, according to the Mortgage Bankers Association's (MBA) latest survey. The Composite Index rose 2.7% on a seasonally adjusted basis for the week en..[read more]
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Jobs Report Comes in Stronger. Bonds React Logically
Thu, 03 Jul 2025 14:23:27 GMT
Apart from the fact that this morning's jobs report contrasted starkly from the slew of anecdotal evidence suggesting a weaker labor market in June, the morning has proceeded almost exactly as expected. We assumed that even an on-target result was wo..[read more]
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Bonds Circle The Wagons Ahead of High Risk NFP
Wed, 02 Jul 2025 19:43:27 GMT
Bonds Circle The Wagons Ahead of High Risk NFP The consensus for tomorrow's NFP (nonfarm payrolls, the principal component of the big jobs report) is 110k--not much of a downgrade from last month's 139k. Th..[read more]
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Rates Finally Rise Ahead of Jobs Report
Wed, 02 Jul 2025 18:53:00 GMT
Mortgage rates have generally been falling since May 21st and have done nothing but move lower for more than 2 weeks. That winning streak finally came to an end today with the average lender moving up 0.06% for a top tier 30yr fixed quote. Whi..[read more]
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Processing, Lead-Gen Tools; HELOCs, 2nds, Non-Agency Products; Maryland's DSCR Controversy
Wed, 02 Jul 2025 15:51:50 GMT
"Pro Tip: Here's a friendly 4th of July reminder that absolutely no one is going to watch the videos of the fireworks you record on your phone.' You can bet anyone flying some place is watching the flight delays due to staffing and weather. You can b..[read more]
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Bonds Think About Rallying on ADP Data, But Already Getting Cold Feet
Wed, 02 Jul 2025 13:54:02 GMT
ADP employment was this morning's key economic report and it came out sharply weaker than expected (-33k vs 95k f'cast). There are many past examples of a "miss" of this size prompting a swift rally on the bond market. Although that looked like..[read more]
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Traders Buy The Dip After AM Data
Tue, 01 Jul 2025 20:06:19 GMT
Traders Buy The Dip After AM Data After a bit of overnight strength and an early morning pull-back, bonds were right in line with yesterday afternoon's levels ahead of the 10am data. JOLTS (job openings) pu..[read more]
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