Best Week For Mortgage Rates in Years

Given that we have the somewhat unpopular job of reporting that today's average top-tier 30yr fixed mortgage rate is 6.00 again, rather than the 5.99 seen earlier this week, we can at least find one glowingly positive development as a silver lining. In fact, the silver lining is more than a consolat

MBS Optimization, Non-Del Non-QM, Fraud, Realtor Tools; STRATMOR on Momentum; Jamie Dimon, AI, and Markets

The latest example is ICE Mortgage Technology launching its new Homeowner Portal, powered by LERETA’s tax tracking data, “giving homeowners real-time visibility into their property tax and insurance payment information. The integration enhances transparency for borrowers while helping servicers impr

Back to The Stronger End of The Range

This is the problem with narrow trading ranges. Yesterday, yields were safely inside a narrow range near long-term lows. Today, they're challenging the lowest levels since November. Any time we're at the best levels in months, it's normal to want to know why, but because of the narrow range, there i

In-Range PM Weakness

In-Range PM Weakness Viewed under a microscope, it may have seemed like today was a relatively volatile session for the bond market.  Weaker opening levels in Treasuries gave way to a mid-day rally that nearly got rates back to unchanged levels. But the afternoon saw steady selling that took bo