Single-Fam Construction Tanking While Multi-Fam Stays Strong; Record Number “Under Construction”
Single-Fam Construction Tanking While Multi-Fam Stays Strong; Record Number “Under Construction” There were modest pullbacks in both the…
Corporate Issuance and Europe Causing Range-Bound Volatility
If we were limited to only one observation about the bond market over the past few trading sessions, it would…
Weaker Despite Decent Mid-Day Bounce
Weaker Despite Decent Mid-Day Bounce 1 Hour, 56 Min ago Weaker Despite Decent Mid-Day Bounce Bonds began…
Record-Setting Drop in Builder Confidence in July
The National Association of Homebuilders (NAHB) released it’s Housing Market Index (HMI) for July this morning. This measure of builder…
Fraud, Home Equity, Non-QM, Reno Products; Wholesale Updates
Everyone is watching the value of their 401(k) plan go down. You should be watching it go down from “across…
Less Consequential Data and Fed Blackout Leaves Focus on ECB
This week’s economic data is primarily focused on the housing market with NAHB, Housing Starts, and Existing Sales on the…
Why Were Rates Able to Defy Stronger Data?
Why Were Rates Able to Defy Stronger Data? Fri, Jul 15 2022, 3:38 PM Why Were Rates…
Fed Talking About Big Rate Hikes, But Mortgage Rates Moved Lower
It was a week for paradoxes on several fronts, most notably when mortgage rates moved lower just after the Fed…
Bonds Resilient Despite Stronger Retail Sales Data
With at least one Fed speaker mentioning Retail Sales as having a bearing on the Fed’s debate between a 75bp…
Broker, DPA, Automation, Warehouse Products; Wholesaler News and New Products
Dang these five-day work weeks seem long! My cat Myrtle doesn’t seem overly concerned with work, days or weeks, as…