Mortgage Rates Still Lower Than May/June Despite Drifting Higher
Correction Starting to Level Off? Even though very little changed during the course of the trading day, one potentially important thing happened. Rather than start weaker and continue to lose ground throughout the session, bonds managed to stop the bleedin
Mortgage Rates Continue Higher For Third Straight Day
Correction Continues Despite Tariff Announcements Bonds were moderately weaker to start the day and continued losing ground in the AM hours. Just after noon, new tariff announcements caused a surge of selling in stocks. There was initially some buying in b
Rates Finally Rise Ahead of Jobs Report
Bonds Circle The Wagons Ahead of High Risk NFP The consensus for tomorrow's NFP (nonfarm payrolls, the principal component of the big jobs report) is 110k--not much of a downgrade from last month's 139k. The bond market has recently been trading as if it e
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