Demographics matter. Although I am sending today’s Commentary out from a Dunkin’ near Columbus, Ohio, yesterday I found ...

The morning has been both straightforward and interesting.  The straightforward part involved a moderate sell-off following ...

While there's been plenty of movement in the average mortgage rate on any given day recently, today was not one of them. 30yr ...

When I was young man, I met a girl in Tennessee who turned out to be a moonshiner’s daughter. That was a long time ago. But I ...

Bonds managed a moderate rally in response to this morning's inflation data.  While it has since been mostly erased, it was ...

It's not entirely clear if it's a can or the proverbial bucket. All we know is that mortgage applications have been kicking ...

Bonds sold off on Tuesday both during the domestic session and in the overnight hours leading up to it. Motivations are a ...

In the run up to the election, we offered constant reminders that a 10bp move in Treasuries wasn't really a big deal, and ...

Back to Uneventful Already? MBS are ending the trading day at almost perfectly unchanged levels--not the sort of thing one ...

The bond market dictates day to day movement for all manner of interest rates, including mortgages.  On election night, bond yields (another word for "rates") spiked as soon as traders felt the ...

"Buy the rumor, sell the news" is an age-old aphorism in financial markets for a reason.  It accurately speaks to the real ...