The Fed rate announcement is at 2pm ET. A single 25bp rate cut is fully priced in to the bond market and that cut will not be ...

Big Shift Toward 5.0 Coupons Continues Mortgage rates have lurched rapidly lower in September as 5.0 UMBS have stolen the ...

Mortgage rates dropped sharply lower today relative to the amount of movement in the underlying bond market with the average ...

My cat Myrtle was always up for a battle with a lizard in the yard. On a larger scale, the ancient Chinese philosopher Sun ...

After last week's CPI data was taken mostly in stride, the only other potential economic data hurdle was this morning's ...

Uneventful Rally. Retail Sales on Deck Bonds began the week on a stronger note, but not for any glaringly obvious reasons.

Mortgage rates have done almost nothing but move lower over the past 4 months. The first Fridays in August and September ...

For all the time we spend pushing back on the notion that the Fed Funds Rate is a root cause for volatility in longer-term ...

Someone posted that they had just made synonym buns. I replied, ‘You mean just like the ones that grammar used to make?’ I am ...

Incidental, Inconsequential Weakness Ahead of Fed Week Bonds began the day in modestly weaker territory and yields are ...

The underlying bond market (which dictates the rates offered by mortgage lenders) weakened moderately overnight.  Weaker ...

Bonds began the week with 10yr at 4.07 before rallying down to 4.04 by Monday's close.  Now on Friday, we're opening at 4.06 ...