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| Mortgage Rates Hit Lowest Levels of The Week | ||
| 12/11/2025 2:20 PM | ||
| As is sometimes the case on the day following a Fed day, the bond market carried a bit more momentum in the same direction as yesterday afternoon. Fortunately, the momentum was toward lower rates this time around--a nice break from the past two Fed days which resulted in several days (and weeks) of higher rates. This leaves the average lender roug...Read More | ||
| Correspondent and Broker Products, LOS, Automation, FICO 10T, UAD 3.6 Tools | ||
| 12/11/2025 10:46 AM | ||
| Lender and Broker Services, Products, and Software For some servicers, the idea of implementing workflow automation is both appealing and overwhelming. Often, knowing where to start is the most challenging part, especially when the path forward isn’t always obvious. Clarifire’s latest blog, “Three Cost-Saving Ways Servicers Are Using Workflow Aut...Read More | ||
| Follow-Through Rally. What"s Up With Big Swings in Jobless Claims? | ||
| 12/11/2025 9:22 AM | ||
| Bonds are adding moderate to yesterday"s post-Fed gains. Most of today"s rally has followed this morning"s jobless claims data, but we wouldn"t necessarily give it all the credit. This is a tricky week to try to make sense of jobless claims due to the very late Thanksgiving holiday this year. It threw a wrench in seasonal calculations. In a nu...Read More | ||
| Powell Avoided Throwing Cold Water on Rate Outlook. Bonds Approved | ||
| 12/10/2025 3:41 PM | ||
| Powell Avoided Throwing Cold Water on Rate Outlook. Bonds Approved Today"s gains ended up being all about Powell"s press conference. While there were a few potentially friendly comments (current rates in high end of neutral range, recent job gains overstated, no decision yet on January, inflation coming dow...Read More | ||
| Mortgage Rates Improve After Fed Announcement | ||
| 12/10/2025 3:02 PM | ||
| The Fed cut its policy rate by 0.25% today and mortgage rates moved lower after the announcement. That said, those two developments are not related. In fact, there was no movement in the bonds that underlie mortgage rates when the rate cut was announced. Instead, the market (and rates) moved in response to Fed Chair Powell"s press conference. Whi...Read More | ||
| Mortgage Apps Bounce Back, Led By Refi Reversal | ||
| 12/10/2025 2:52 PM | ||
| Seasonally adjusted mortgage application activity rose 4.8% last week, according to MBA’s Weekly Mortgage Applications Survey for the week ending December 5. Unadjusted applications jumped 49% from the prior week, reflecting a rebound following the Thanksgiving-related slowdown. The Refinance Index surged 14% from the previous week and remains 88%...Read More | ||
| Here"s What Changed in The New Fed Announcement | ||
| 12/10/2025 1:00 PM | ||
| Available indicators suggest that economic activity has been expanding at a moderate pace. Job gains have slowed this year, and the unemployment rate has edged up but remained low through August; more September. More recent indicators are consistent with these developments. Inflation has moved up since earlier in the year and remains somewhat ...Read More | ||
| DPA, Quick HELOC, Non-QM, Processing, AI Tools; Assumable Mortgages? Homebuyer Age Study | ||
| 12/10/2025 10:55 AM | ||
| Somewhere, in a parallel universe, Mariah Carey is walking around some supermarket, sick of listening to me sing Christmas carols. This is, of course, a humorous assumption, but what isn’t so humorous is the discussion begun by the Trump Administration about assumable mortgages, arguably the bane of MBS investors. Locked-in mortgage rates and froze...Read More | ||
| What to Watch in Today"s Dot Plot | ||
| 12/10/2025 9:14 AM | ||
| Bonds were modestly weaker overnight, but have moved back into positive territory after this morning"s Employment Cost Index and NYSE. This means 10yr yields are at the bleeding edge of the 3-month range heading into this afternoon"s Fed announcement. The rate cut is about as close to a foregone conclusion as normal, so the focus remains sq...Read More | ||
| Wednesday is All About Dot Plot and Powell | ||
| 12/9/2025 3:18 PM | ||
| Wednesday is All About Dot Plot and Powell Bonds lost ground moderately and logically on Tuesday in response to the JOLTS data. From here, this week"s volatility potential hinges on the Fed. Fed Funds Futures suggest that there"s been no change in rate cut prospects for Wednesday"s meeting. It remains...Read More | ||