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Three news feeds are on this page. Mortgage Daily News is below, followed by the Christian Science Monitor, and finally "Your Money" articles from the New York Times. I hope you enjoy these perspectives. |
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| A Little Early Excitement | ||
| 5/23/2025 2:34 PM | ||
| A Little Early Excitement Bonds began the day with a bit of excitement following Trump comments on raising EU tariffs to 50%. The reaction was bigger than warranted based on the time of day/week as well as the fact that it"s the Friday before a 3 day weekend. All that to say, markets were easier than ...Read More | ||
| New Home Sales at 3 Year High, Maybe... | ||
| 5/23/2025 2:07 PM | ||
| The Census Bureau reported New Home Sales for April today, and at face value, the news is good. Economists expected an annual pace of 692k, but were instead treated to a surprisingly high 743k--just edging out 3 of the best months over the past 3 years. Unlike many of the other reports we cover, there"s really no glaring counterpoint when ...Read More | ||
| No Major Change For Existing Home Sales | ||
| 5/23/2025 1:17 PM | ||
| Two months ago, existing home sales came in at the highest levels in a year according the the National Association of Realtors (NAR). Last month"s report showed a fairly sharp decline to 5 month lows. The latest data, out this week is less sensational by comparison. Granted, we can now technically say that existing sales are at 6 month lows, but t...Read More | ||
| Mortgage Demand Impacted by Rising Rates | ||
| 5/23/2025 12:39 PM | ||
| The Mortgage Bankers Association"s (MBA) weekly application survey has been doing a good job of tracking with the more granular daily rate data from MND. Both are in agreement that rates were on their way up to the highest levels in several months last week--a fact that seems to have taken a toll on both purchase and refinance applications. “Mortg...Read More | ||
| Mortgage Rates Lower Again Today, But Still Higher on The Week | ||
| 5/23/2025 11:38 AM | ||
| The bond market is scheduled to close 3 hour earlier than normal today--a common practice surrounding federal holiday weekends. This means 3 fewer hours where trading volatility can have an impact on mortgage rate movement. Said more simply: the day is basically over when it comes to potential intraday rate changes. There is almost always a ...Read More | ||
| Servicing With AI, Borrower Portal, 2nd Lien Products; Bill Pulte, Freddie, and Fannie News | ||
| 5/23/2025 10:47 AM | ||
| “I can’t afford an Ancestry DNA kit to learn about my relatives. So instead, I posted online that I had won the Powerball Lottery.” Speaking of news dissemination, Southwest Airlines sent out a press release about using chargers on its airplanes. Finally, in terms of spreading news, some love him, some say he’s little more than a frat boy, we have ...Read More | ||
| Wait... So Tariffs Are Good or Bad For Bonds Now? | ||
| 5/23/2025 9:37 AM | ||
| The most notable development on what might otherwise have been a sleepy half-day ahead of a holiday weekend was Trump"s "recommendation" of a 50% tariff on the EU, effective June 1st. It"s not clear what "recommendation" means in a context where previous tariffs have been announced by executive order, but markets nonetheless reacted with...Read More | ||
| Slightly Stronger Because Not Every Day Can be Weaker | ||
| 5/22/2025 3:38 PM | ||
| Slightly Stronger Because Not Every Day Can be Weaker Bond yields have moved almost exclusively higher in May. At the very least, they"ve been in an incredibly linear uptrend. Uptrends wouldn"t last very long if there wasn"t some push and pull (think 2 steps forward, 1 step back). And that bring...Read More | ||
| Mortgage Rates Edge Down From Recent Highs, But Remain Over 7% | ||
| 5/22/2025 2:20 PM | ||
| Mortgage rates hit their highest level in just over 3 months yesterday with financial markets generally protesting the absence of more serious spending cuts in the spending bill. Rates care about fiscal spending because higher spending requires higher Treasury issuance which, in turn, pushes rates higher, all else equal. Although the House p...Read More | ||
| Non-QM, QC Trends, Past Borrower Mining Tools; House Passes Spending Bill; Webinars Through Month-End | ||
| 5/22/2025 10:51 AM | ||
| Yesterday I headed west from the conference while my son Robbie headed south to the nCino nSight event. But while in Manhattan Dawn S. asked me, “How do you know if there’s a vegan at your party?” Answer: “They’ll tell you.” It’s not hard to find someone to tell you why the “Sell America” trade is rampant in the financial markets, impacting rates a...Read More | ||
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