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Real Estate News
The Sun Also Sets on Bond Rallies
Mon, 15 Jul 2024 20:45:22 GMT

The Sun Also Sets on Bond Rallies Don't worry, the headline is much more dire than the underlying message.  Long story short, there are always some counter-trend influences even when the bond market is trend..[read more]

Mortgage Rates' Impressive Winning Streak Faces Increasing Resistance
Mon, 15 Jul 2024 20:36:00 GMT

We occasionally reference 5 day winning streaks for mortgage rates as the sort of uncommon occurrence that greatly increases the odds of at least a temporary pullback.  Longer streaks do happen, but odds of a pullback increase sharply after 8 da..[read more]

Another Chance to Assess Market Sensitivity to Politics
Mon, 15 Jul 2024 15:40:46 GMT

While there's no way objectively quantify the political ramifications of the failed assassination attempt on former President Trump over the weekend, history suggests--at the very least--that such occurrences are not damaging for a candidate's politi..[read more]

AI Underwriting, DPA, POS, Insurance Tools, CFPB Townstone Case; Inflation Takeaways
Mon, 15 Jul 2024 15:39:12 GMT

Yes, I know that this is a mortgage commentary, but some things are way above that. (Warning: tissues may be required; what's happened legislatively since?) Dr. Ruth, who was sent to a Swiss orphanage by her parents were killed during the holocaust, ..[read more]

Pleasant PPI Paradox Leaves This Week's Big Victory in Focus
Fri, 12 Jul 2024 20:44:35 GMT

Pleasant PPI Paradox Leaves This Week's Big Victory in Focus The Producer Price Index (PPI) introduced a brief but disconcerting threat to this week's relative level of triumph (courtesy of yesterday's CPI) by su..[read more]

Mortgage Rates Shrug Off Seemingly Threatening Inflation Data to hit 5 Month Lows
Fri, 12 Jul 2024 20:23:00 GMT

Yesterday was all about the CONSUMER Price Index (CPI), which helped mortgage rates drop at the 2nd fastest pace of the year.  Today brough the PRODUCER Price Index (PPI), and the message was a bit different. While PPI is not in the same league..[read more]

Bonds Holding Yesterday's Gains Despite Hotter PPI
Fri, 12 Jul 2024 15:40:53 GMT

The Producer Price Index (PPI) is certainly not in the same league as CPI when it comes to bond market impact, but there have been several notable reactions in the past year.  It was a concern, then, to see core PPI come in 0.2 higher than expec..[read more]

HMDA Data, Correspondent and Wholesale Products; Inflation and Rate Updates
Fri, 12 Jul 2024 15:37:23 GMT

"I'm sorry, but you can't always be 'experiencing a higher volume of calls than average.' That's not how averages work.' The "average' person has a student loan, or a car loan, or credit card debt, or all three. Throw in mortgage interest rates aroun..[read more]

Very Restrained Bond Rally Considering The Data's Implications
Thu, 11 Jul 2024 20:42:29 GMT

Very Restrained Bond Rally Considering The Data's Implications Today's CPI data was hotly anticipated, to say the least, and it did a borderline heroic job of advocating for a huge drop in rates.  Not only d..[read more]

Mortgage Rates Drop Sharply After Inflation Data
Thu, 11 Jul 2024 19:53:09 GMT

Rates were prepared to make a big move in one direction or the other heading into today's high stakes inflation data.  Fortunately, the Consumer Price Index (CPI) came in quite a bit lower than expected, leading to a sharp decline in rates at th..[read more]

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