Holidays Came and Went Without any Bond Market Fanfare 2 weeks ago today, we assumed the bond market would leave the office for the holidays and reassess during the first full week of 2025.  For the ...

The Mortgage Bankers Association (MBA) didn't publish updated weekly application numbers last week, which meant that this ...

Blessings, curses, enigmas, paradoxes, etc... The state of home price appreciation in the U.S. is all of the above.  The ...

Today's ISM Manufacturing report was the only top tier economic data this week.  While we wouldn't say it was "strong" by any ...

Bonds were steadily stronger overnight, both in Asia and Europe.  10yr yields and MBS had both fully erased Tuesday's losses ...

The last time mortgage rates were moving with any sense of urgency was in the days surround the Fed's rate cut on December 18th. Incidentally, that movement was sharply higher, which is just as likely ...

Hello 2025, goodbye 2024. It’s been 50 years since Jaws or Godfather Part 2 were on the screens. A half a century since Kung ...

Year-End Trading. No Big Deal Bonds started stronger but lost ground quickly and inexplicably starting around 10:30am ET.

Feel Free to Enjoy The Rally, But Don't Read Too Much Into It Bonds improved somewhat significantly in overnight trading and ...

Major holidays typically involve a full day market closure along with an "early close" on an adjacent day.  This matters to ...

Besides being enthralled with Tiger King and My Octopus Teacher four years ago, what do AL, CA, CO, CT, FL, GA, MD, MA, NJ, ...

The day begins with MBS in slightly weaker territory while Treasuries are slightly stronger.  The discrepancy isn't really ...