Mortgage Rates Oh So Close to 3 Year Lows

When the administration announced that Fannie and Freddie would be buying mortgage-backed securities in early January, rates fell sharply to the lowest levels in more than 3 years. After a moderate rebound the following week, we've been holding mostly steady in a range that was 0.1-0.2 above those l

Not So Fast: January Existing-Home Sales Give Back December’s Gains

Existing-home sales pulled back sharply in January, quickly dashing any hopes that December’s year-end rebound brought, as harsh winter weather and still-tight supply conditions weighed on activity. Sales fell 8.4% to a seasonally adjusted annual rate of 3.91 million, the lowest levels since Novembe

LOS, Guideline, AI Search, Non-QM Pricing Products; FSBO.com Acquired; Thoughts on Measuring Creditworthiness

Products, Services, and Software for Brokers and Lenders QC works as an early warning system, but it only creates value when findings are recognized, validated, and turned into action. As agency expectations continue to shift, lenders are being asked to show not just findings, but proof of a thought

Bonds Rally, Ignoring Surge in SuperCore CPI

CPI came in just a hair below forecasts at the headline level and right in line with forecasts at the core level (unrounded .295 vs .300). Shelter components continued lower with Owners' Equivalent Rent at 0.220 (basically a cycle low if we ignore the low quality data collection surrounding the gove