Oil prices are surging and mortgage rates are roughly flat so far today. It has been a crazy day in the bond market: the 10-year yield first went lower after the jobs report, then Trump posted that the goal in Iran is “ultimate surrender,” which sent the 10-year yield higher with oil prices over $90. […]
Negative jobs report keeps mortgage rates calm amid surging oil prices Read More »
On paper, Maile Aguila’s story reads like a fairy-tale version of the American dream: After 30 years of hard work, a daughter of 1960s Cuban exiles sells $1 billion worth of Miami condos in a single year for a multi-national developer. Then she partners with The Agency, one of the buzziest luxury real estate brokerages
The condo queen: How a Miami broker closes $1B+ a year Read More »
When mortgage rates stayed higher for longer over the past few years, originators increasingly turned their attention to nonqualified mortgages (non-QMs). But that resurgence may not lose momentum even if rates decline in 2026. “We traditionally have seen nonagency volumes represent about 10% of the mortgage business. If you figure it’s $2 trillion a year
Angel Oak’s Tom Hutchens on new growth path for non-QMs as rates ease Read More »