Hello 2025, goodbye 2024. It’s been 50 years since Jaws or Godfather Part 2 were on the screens. A half a century since Kung ...

The Mortgage Bankers Association (MBA) didn't publish updated weekly application numbers last week, which meant that this ...

Bonds were steadily stronger overnight, both in Asia and Europe.  10yr yields and MBS had both fully erased Tuesday's losses ...

Blessings, curses, enigmas, paradoxes, etc... The state of home price appreciation in the U.S. is all of the above.  The ...

Major holidays typically involve a full day market closure along with an "early close" on an adjacent day.  This matters to ...

Today's ISM Manufacturing report was the only top tier economic data this week.  While we wouldn't say it was "strong" by any ...

Besides being enthralled with Tiger King and My Octopus Teacher four years ago, what do AL, CA, CO, CT, FL, GA, MD, MA, NJ, ...

What do they call the 4th of July in nursing homes? In Depends Day.” (Another joke at the bottom.) There are plenty of ...

Holidays Came and Went Without any Bond Market Fanfare 2 weeks ago today, we assumed the bond market would leave the office for the holidays and reassess during the first full week of 2025.  For the ...

Feel Free to Enjoy The Rally, But Don't Read Too Much Into It Bonds improved somewhat significantly in overnight trading and ...

Because mortgage rates are determined by trading levels in the bond market, when the market is closed, lenders don't update ...

The day begins with MBS in slightly weaker territory while Treasuries are slightly stronger.  The discrepancy isn't really ...