The Trend is Friendly For Now A common financial market quip is that the "trend is your friend."  We like to add the addendum ...

After topping out on May 21st, the average day for mortgage rates has been a good one.  This has been especially true since ...

Conclusion The present week didn't manage to offer nearly as much excitement as the previous few examples, but that's not ...

I've been experimenting with breeding racing deer. People have accused me of just trying to make a fast buck.” There are no ...

Visually, the number of line items in this morning's economic calendar may seem daunting. In fact, several of the reports ...

Reversal Leaves Bonds Slightly Stronger This morning, we noted the lightness of the selling pressure that took bonds into modestly weaker territory. It turns out it was so light that it was easy for ...

The average top tier 30yr fixed mortgage rate had already dipped to the lowest levels since May 1st at the start of the week.

Bonds are taking a breath this morning after hitting the best levels in more than a month yesterday. The event calendar is ...

Solid Response to Data and Dovishness The morning commentary focused more on the relatively dovish tone struck by Powell in ...

Powell's prepared remarks and Q&A at today's congressional testimony are showing the market a clearer path to the possibility of rate cuts in the near future.  While Powell certainly stopped short of ...

Both the FHFA and Case‑Shiller home price indices were released today. While the data collection time frame is from April, ...

Yesterday saw mortgage rates fall to the best levels since early May.  Now, today, we'd have to go all the way back to the ...