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Real Estate News
What's Up With Today's Paradoxical Bond Rally?
Thu, 13 Feb 2025 21:36:45 GMT

What's Up With Today's Paradoxical Bond Rally? PPI may not be as heavy a hitter as CPI on average, but one could make a case for this week being one of the rare exceptions. Strikingly, PPI managed to HE..[read more]

Mortgage Rates Completely Reverse Yesterday's Spike
Thu, 13 Feb 2025 20:21:00 GMT

Mortgage rates jumped quickly higher yesterday following the higher inflation reading in the Consumer Price Index (CPI). Now today, rates have completely erased the move despite a similar report, the Producer Price Index (PPI) seemingly adding fuel t..[read more]

Correspondent, Renovation, Processing, QC Tools; Homeowner's Insurance; Crypto as Collateral; Freddie Earnings
Thu, 13 Feb 2025 16:45:41 GMT

Capital markets participants around the world breathed a sigh of relief when Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump's calls for lower interest rates won't lead the central bank to change its rate decisions. "Pe..[read more]

Decent Start Despite Higher Annual Producer Prices
Thu, 13 Feb 2025 14:07:57 GMT

This morning's econ data included weekly jobless claims, which came in roughly in line with forecasts, and the Producer Price Index (PPI) which was a bit different.  The month over month change in core PPI was as expected, but the annual change ..[read more]

CPI Came in HOT and Bonds Reacted Logically
Wed, 12 Feb 2025 21:50:24 GMT

CPI Came in HOT and Bonds Reacted Logically There's remarkably little else to observe beyond this morning's initial commentary.  Bonds did exactly what we would have expected based on the sharply higher infl..[read more]

Mortgage Rates Highest in Nearly a Month After Inflation Report
Wed, 12 Feb 2025 20:36:00 GMT

Today's mortgage rate movement is very straightforward.  Unfortunately, it's also marked by a straight line toward higher levels--in this case, the highest since January 14th. Incidentally, January 14th was the day before the last instance of t..[read more]

Non-QM, Fee Collection, Cybersecurity Tools; CFPB Nominee; LD's Case Ends; FHA Changes
Wed, 12 Feb 2025 17:05:58 GMT

With the whirlwind of Trump Administration news (Jonathan McKernan to lead the CFPB, playing hardball in Gaza, ending penny production, pardoning former Illinois Gov. Rod Blagojevich, freeing Mark Fogel, firing the head of government ethics, beginnin..[read more]

Bonds Obliterated (Relatively) by Sharply Higher Inflation
Wed, 12 Feb 2025 16:25:31 GMT

We know that bonds take a majority of their economic data cues from two reports: NFP and CPI. We knew that today's CPI was critically important in commenting on the potential "pause" of inflation's descent back toward target levels. We also susp..[read more]

What to Expect From Wednesday's Inflation Data
Tue, 11 Feb 2025 20:59:25 GMT

What to Expect From Wednesday's Inflation Data Bonds lost ground overnight in sympathy with European bonds. The domestic session was almost perfectly flat and entirely uneventful. Powell's testimony was a complet..[read more]

Mortgage Rates Tick Slightly Higher. More Volatility in Store Tomorrow
Tue, 11 Feb 2025 20:14:00 GMT

Any recap of financial news headlines will likely mention Fed Chair Powell's congressional testimony today.  Some efforts could even be made to link today's rate movement to various Powell comments, but that's not what actually happened. The re..[read more]

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