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| Mortgage Rates Drop Meaningfully Over The Weekend | ||
| 3/30/2026 2:24 PM | ||
| The bad news is that the average top-tier 30yr fixed rate remains over 6.5% after being under 6% just a month ago. The good news is that rates recovered nicely over the weekend. By Friday afternoon, the average rate was 6.64%--the highest since August 2025--adding to a trend of rapid upward movement over the course of March. While there"s no...Read More | ||
| AI/LOS, Commercial Products; USDA, FHA, VA Changes; Interviews with Lennar"s Escobar and Vesta"s Yu | ||
| 3/30/2026 10:21 AM | ||
| Do you remember when everyone was talking about the lack of housing inventory as a problem for buyers? Those days are long gone: There are now nearly 50 percent more home sellers than buyers as mismatch widens to a record 630,000. (Of course this is depending on price point and location.) And what they’re selling isn’t necessarily new: Per the Amer...Read More | ||
| Bonds Mostly Finding Their Own Buyers | ||
| 3/30/2026 8:12 AM | ||
| There are three distinct reasons that could account for bonds paradoxically rallying overnight despite oil prices remaining high and an absence of meaningful de-escalation in the Iran war. The most notable development has been the correction in Fed Funds Futures that began on Friday morning and extended modestly into this morning. Less ob...Read More | ||
| Some Resilience After AM Weakness | ||
| 3/27/2026 3:16 PM | ||
| Some Resilience After AM Weakness 10yr yields are set to end the week at the highest levels since last July, but those were even higher highs earlier this morning. From roughly 9am-1130am ET, bonds recovered all of the day"s losses in a move that was led by adjustments to Fed rate hike expectations.&nb...Read More | ||
| Mortgage Rates Inch Up to Another Long-Term High | ||
| 3/27/2026 1:29 PM | ||
| There were mixed blessings in the mortgage rate world today. The bad news is that today"s rates are just a bit higher than yesterday"s, resulting in another 8 month high. The good news is that things were looking quite a bit worse earlier in the morning. Mortgage lenders prefer to set rates once per day even though those rates are dictated by move...Read More | ||
| No Surprise: Refi Demand Sapped by Rate Spike | ||
| 3/27/2026 12:44 PM | ||
| Mortgage application activity declined for the second consecutive week as rising interest rates continued to weigh on demand. The Mortgage Bankers Association (MBA) reported a decrease of 10.5% on a seasonally adjusted basis for the week ending March 20. Both major components moved lower. The Refinance Index fell 15% from the previous week, th...Read More | ||
| Verification, Non-QM Hedging Tools; Builder Trends That Impact LOs; Student Debt News; Automation and Processing | ||
| 3/27/2026 10:52 AM | ||
| Products, Services, and Software for Brokers and Lenders Four Methods to Hedge Non-QM & Maximize Profits: In today’s growing non-QM market, selling best efforts is leaving value on the table. Accumulating bulk and improving execution is possible, but it involves taking price risk on the non-QM loans, and this requires hedging. A new technical...Read More | ||
| Bonds Fade De-Escalation Hopes | ||
| 3/27/2026 9:12 AM | ||
| Markets were presented with an opportunity just before the close yesterday to put their faith in another ceasefire-style announcement, but have instead opted to stick with prevailing momentum (lower stocks, higher yields and oil prices). Part of the reason is that rather than a true ceasefire, the announcement merely delayed a major escalation ...Read More | ||
| That Escalated Quickly | ||
| 3/26/2026 3:11 PM | ||
| That Escalated Quickly It would be easy to check in on the bond market at some point on Thursday afternoon and conclude there"d been precipitous escalation in the Iran war or some other big new development putting pressure on bonds (10yr yields up almost 10bps to 4.42+ and MBS down more than 5/8ths). But to...Read More | ||
| Rates Leap to Another Multi-Month High | ||
| 3/26/2026 1:49 PM | ||
| After a somewhat hopeful day on Wednesday, mortgage rates are back to their same old tricks on Thursday. The tricks in question involve following the broader market reaction to the Iran war which has caused significant and almost exclusive upward movement in interest rates for the entire month of March. Average 30yr fixed rates have been at or nea...Read More | ||