Mortgage rates are based on bonds and bonds can do funny things on the first and last trading days of any given month. One of ...

Calm Day to End A Calm Week While Friday itself may not have resulted in a rally for the broader bond market, it was nonetheless just as calm as any other day this week in terms of volatility. That's ...

It was a very slow and steady week for mortgage rates. On all 5 days, the average top tier 30yr fixed rate moved by 0.02% or less.  This is a small enough change that the average borrower wouldn't see ...

There are two big picture inflation reports in US that address consumer prices: CPI and PCE. Of the two, PCE is broader and more highly regarded by policymakers. The downside is that it comes out ...

Generally Exciting, But Specifically Boring Heading into the present week, it was incredibly unlikely that we'd see any exciting volatility in the bond market this week.  At the very least, we knew ...

There is no singular, official primary source for mortgage rate levels. The going rate is whatever can be locked/closed at any given lender. As such, we rely on surveys and data aggregations in order ...

This morning's economic calendar only looks robust on paper.  While quarterly GDP results in numerous line items, they're not ...

Remember how when you were little you could just rip off your diaper and run around naked and everyone thought it was so cute ...

Steady Gains After Slightly Weaker Start Bonds began the day in slightly weaker territory, but not for any particular reason ...

The latest New Home Sales report showed little change in July, with sales holding very close to June’s pace. The ...

Mortgage application activity was little changed last week, with only a fractional decline in overall volume. The Mortgage ...

Not that this week's economic calendar is especially robust, but Wednesday's offerings are especially light. There are no ...