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War Headlines Help Bond Recovery Continue
The focal point of the overnight news cycle was a report that administration officials said Trump is willing to end the war even if the Strait of Hormuz remains closed. Markets rallied nearly as much just before the open when Trump said the hard part is essentially done on the Iran war (and that oth
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Mortgage Rates Drop Meaningfully Over The Weekend
The bad news is that the average top-tier 30yr fixed rate remains over 6.5% after being under 6% just a month ago. The good news is that rates recovered nicely over the weekend. By Friday afternoon, the average rate was 6.64%--the highest since August 2025--adding to a trend of rapid upward mo
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AI/LOS, Commercial Products; USDA, FHA, VA Changes; Interviews with Lennar's Escobar and Vesta's Yu
Do you remember when everyone was talking about the lack of housing inventory as a problem for buyers? Those days are long gone: There are now nearly 50 percent more home sellers than buyers as mismatch widens to a record 630,000. (Of course this is depending on price point and location.) And what t
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Bonds Mostly Finding Their Own Buyers
There are three distinct reasons that could account for bonds paradoxically rallying overnight despite oil prices remaining high and an absence of meaningful de-escalation in the Iran war. The most notable development has been the correction in Fed Funds Futures that began on Friday morning and exte
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