1+ day, 18+ hour ago   (181+ words) Mortgage application activity rebounded last week as a moderate decline in mortgage rates provided some relief for both homebuyers and homeowners considering a refinance. The Mortgage Bankers Association (MBA) reported a 3.6% increase in total application volume on a seasonally adjusted…...

1+ day, 18+ hour ago   (237+ words) Existing-home sales remained relatively stable in July despite elevated mortgage rates, with activity declining modestly from June while remaining above year-ago levels. According to the National Association of REALTORS®, sales fell 1.7% from June to a seasonally adjusted annual rate of…...

1+ day, 18+ hour ago   (223+ words) First, the bad news: mortgage rates ended the day just a hair higher compared to Thursday, but the change was so small that many borrowers will see little--if any--difference in pricing. Now the good news: apart from yesterday…...

1+ day, 23+ hour ago   (378+ words) Based on a few research papers that have attempted to quantify the impact of various economic reports as well as the general consensus among economic calendar purveyors, Retail Sales is allegedly a top tier market mover. In fact, a somewhat…...

1+ day, 22+ hour ago   (252+ words) Lender and Broker Software, Products, and Services Chrisman Demo Day is a free perk for all Chrisman Marketplace members. If you're a technology or service provider and haven't joined the Marketplace yet, reach out to [email protected] to learn more. Meanwhile,…...

2+ day, 16+ hour ago   (293+ words) Thursday was a fairly straightforward session for bonds. Yields fell modestly overnight in response to slightly lower oil prices and then more forcefully after the cooler-than-expected PPI data. Mid-day fuel price volatility caused a slight pull-back, but not enough to…...

2+ day, 17+ hour ago   (275+ words) Mortgage rates dropped noticeably on Thursday on a combination of lower oil prices and a lower inflation reading via the Producer Price Index (PPI). Rates are driven by bonds and bonds are highly responsive to the outlook for inflation and…...

2+ day, 22+ hour ago   (340+ words) Innovation, compliance, and affordability were key themes at this week’s Western Secondary. At the state level, for example, Kinder Institute report shows homeowners insurance has become a growing barrier to housing affordability across Texas. As Texas leaders search for ways…...

3+ day, 2+ min ago   (307+ words) If nothing else, this morning offers confirmation of just how nervous the market is about inflation. The producer price index barely beat its forecast (in fact y/y CORE PPI was on the screws), but this was enough for bonds…...

3+ day, 16+ hour ago   (423+ words) We absolutely hate the term "front-running" because it can be perceived as connoting some measure of clairvoyance on the part of the bond market. To be clear, that's not the contention here. Rather, we noted that bonds were trading somewhat…...