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| Potential Signs of GSE Buying as MBS Outperform | ||
| 2/6/2026 2:31 PM | ||
| Potential Signs of GSE Buying as MBS Outperform It was an uneventful day when it comes to scheduled data/events, and also pretty boring for the bond market in general. Most of the market"s volatility continues playing out in stocks, commodities, crypto, etc. The most notable development for our area of focu...Read More | ||
| Mortgage Rates Match Lowest Levels in Over 2 Weeks | ||
| 2/6/2026 11:51 AM | ||
| In the bigger picture, the past two and a half weeks have been marked by a very narrow range in the bond market. Because bonds dictate mortgage rates, the latter have also been in a narrow range with average top tier 30yr fixed rates of 6.15-6.20%. Yesterday"s employment-related data helped bonds improve. Many lenders made mid-day improvemen...Read More | ||
| Winter Weather Puts Purchase Applications on Ice | ||
| 2/6/2026 10:32 AM | ||
| Mortgage application activity moved lower again last week, extending the pullback from January’s earlier burst of demand as weather disruptions and softening purchase activity weighed on overall volume. The Mortgage Bankers Association (MBA) reported that applications declined 8.9% for the week ending January 30. The Market Composite Index fell ...Read More | ||
| BBYS, Servicer Risk, Verification Tools; Non-Agency News; Why Mortgage Rates Are Sticky | ||
| 2/6/2026 10:31 AM | ||
| Products, Services, and Software for Brokers and Lenders Truework is a comprehensive income and employment verification platform that fully replaces manual in-house waterfalls and provides mortgage lenders with a single automated solution to run their verification processes. With Truework, lenders see up to 50% cost savings on verifications while...Read More | ||
| Waiting on Next Week"s Data | ||
| 2/6/2026 8:53 AM | ||
| Friday is the quietest day of the week in terms of scheduled econ data and events, with the relatively unimportant Consumer Sentiment being the only notable report. Bonds are roughly unchanged to start the session. Treasury yields are technically a few bps higher from yesterday"s 5pm levels, but right in line with 3pm (what many would argue to be t...Read More | ||
| Surprisingly Big Bond Rally Relative to The Data | ||
| 2/5/2026 1:59 PM | ||
| Surprisingly Big Bond Rally Relative to The Data Bonds went on a bit of a buying spree on Thursday. It was the biggest rally day since November, at least, and that"s impressive given the motivations. Specifically, there was a trifecta of downbeat labor market reports (Challenger, Jobless Claims, and Job Ope...Read More | ||
| Mortgage Rates Fall After Downbeat Employment Data | ||
| 2/5/2026 12:52 PM | ||
| Mortgage rates are driven by bonds and that bonds care about employment data. There are quite a few different economic reports that focus on various employment metrics. Next Wednesday"s jobs report is the biggest ticket by far, but other reports can move the needle at times--especially when they fall far from forecasts or previous readings. This w...Read More | ||
| Climate Risk, Processing, Construction, Credit Score Programs; IMB Topics; In-Person Events | ||
| 2/5/2026 10:31 AM | ||
| Yup, another competitor for lenders come July: Bed Bath & Beyond is acquiring Tokens.com “to develop a blockchain-based investment and personal finance platform” and will use tools from tZERO and integrate with blockchain firm Figure to offer services such as mortgages and renovation loans. Indeed, mergers, acquisitions, and strategic partnersh...Read More | ||
| Stronger Start Thanks to Employment Data | ||
| 2/5/2026 8:21 AM | ||
| Bonds were incidentally and inconsequentially stronger to start the overnight session, but began to see better gains after 7am ET. There were two notable bumps in volume after the 7:30am Challenger job cut data and the 8:30am Jobless Claims data. Of the two, the latter was much more clearly linked to gains. Challenger definitely got a s...Read More | ||
| No Whammies in Wednesday"s Data. JOLTS Rescheduled for Thursday | ||
| 2/4/2026 2:57 PM | ||
| No Whammies in Wednesday"s Data. JOLTS Rescheduled for Thursday With the big jobs report on hold until next Wednesday, this morning"s ADP/ISM duo had to do most of the week"s heavy lifting in terms of important econ data. The response was underwhelming, at best. ADP was a complete non-event, but also fairly...Read More | ||