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- Loan Trading, Appraisal, Production, MSR Portfolio Tools; HUD to End AFFH Rule, 70k VA Job Cuts? March 6, 2025“I recently saw a woman at Walmart with March Madness teeth... She was down to the final four.” Risk-free, prepayment-free Treasury rates have approached, or gone below, four percent as the expectations have grown for a slowing U.S. economy (it doesn’t help the ag states that China has cut off buying our soybeans, for example) […]
- 2nd Straight Day of Losses. Blame Data or Stocks? March 5, 20252nd Straight Day of Losses. Blame Data or Stocks? We already saw the end of the bond market's 9 day winning streak with yesterday's big mid-day reversal. Today makes it extra official with modestly weaker close. That may not have been our destiny. In fact, at 9:59AM ET, it looked like yields were happy to […]
- Mortgage Rates Move Slightly Higher March 5, 2025It's been a great couple of weeks for mortgage rates, largely mirroring the terrible couple of weeks for the stock market. A combination of downbeat econ data and economic concerns helped push investors away from stocks and into bonds (mortgage rates are based on bonds where more demand means lower rates). There have been two […]