Hedging, HOA Lien Monitoring, Reverse Products; Webcasts; CFPB's Humility Pledge

Broker and Lender Products, Software, and Services On the PGA Tour, the player who enters Sunday’s final round in first place only goes on to win about one-third of the time. Getting close and finishing the job are two different things. Optimal Blue's May Market Advantage report found a similar dyna

Some Volatility and Resilience After Trump Comments and Data

Bonds were reasonably stronger in the overnight session with 10yr yields down roughly 4bps from 4.56 to 4.52. About 8 minutes before the PPI data came out, a series of Trump comments on the Iran war sent oil prices and bond yields higher (new strikes and intent to take Kharg Island). PPI added to th

War Headlines Cause Mid-Day Reversal

War Headlines Cause Mid-Day Reversal Bonds started the day inconsequentially weaker and picked up some gains after CPI came in a hair lower than expected at the core level. Just before noon, yields began rising and ultimately hit the 3pm close up a few bps versus yesterday. MBS were down about an ei

Mortgage Rates Remain Almost Perfectly Flat

There's been remarkably little change in mortgage rates so far this week. Monday saw a modest increase vs Friday, but since then, there's been essentially no change. Today's rates were technically 0.01% lower than yesterday's, but many lenders were perfectly unchanged. This is an acceptable result g