Almost No Reaction to Fed Minutes As expected, today's Fed Minutes (a more detailed account of the meeting that took place 3 weeks ago) had very little impact on the bond market. Markets honed in on ...

For the 11th straight business day, mortgage rates are very close to the levels from the end of the previous day.  Over the ...

I asked a German girl if Germans are afraid of numbers. She said 9!” Numbers make up the bond market, and a steeper yield ...

Slow, Steady, Modest Improvement Bonds are in the throes of the summertime "blahs." In other words, excitement and ...

Mortgage rates are based on bonds and bonds, and bonds have some seasonality to them.  This doesn't necessarily mean there's ...

Builder sentiment remains deeply subdued, as the National Association of Home Builders (NAHB) and Wells Fargo’s Housing ...

The latest Residential Construction report from the Census Bureau showed a sharp rebound in July, with overall housing starts ...

If yesterday was marked by incidental weakness, today is shaping up to be the opposite.  In fact, yields and MBS prices are ...

Incidental Weakness or a New Trend? The most interesting thing that happened in the bond market today involved trading levels ...

Mortgage rates are as high as they've been on almost any other day this month.  You'd have to go back to August 1st to see ...

Summertime trading conditions tend to amplify trading motivations that might otherwise get lost in the shuffle. This morning, ...

Weaker Conclusion But No Major Big Picture Implications Despite much stronger revisions and a modestly stronger core retail ...