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- After Months of Relative Calm, Rates are Starting to Look Panicked Again April 15, 2024In 2023, there were multiple examples of mortgage rates moving up by roughly half a percent in a relatively short amount of time (1-3 weeks). Since the big shift in November, we've only seen one similar example and it was more of a technicality (a sharp drop in rates followed by a correction in early […]
- Data-Driven Repricing Continues April 15, 2024Data-Driven Repricing Continues There are two kinds of "repricing" to consider when you're a mortgage market professional: the intraday change in rates among lenders when market move enough and the broader bond market shifting gears in response to some relatively rapid realization. Today's trading session spoke more to the latter, adding emphasis to a repricing […]
- Unfriendly Trends Continue After Strong Data And Despite Geopolitical Concerns April 15, 2024The bond market sold off steadily and gradually overnight session despite news of escalation between Iran and Israel. Ever since the start of the war in Ukraine, we've seen a different reaction function than we're used to when it comes to geopolitical turmoil. Inflation is the x factor as armed conflict can either suggest supply […]