Bonds lost ground today, largely due to mechanical, month-end trading (i.e. not due to economic data, inflation, or news headlines). When bonds lose ground, rates rise, all else equal. Mortgage rates were already fairly close to longer-term highs last week. Today’s increase was just enough to nudge the average top-tier 30yr fixed rate to 6.87%–the […]

Jackson Hole is a place in Wyoming, but it’s also shorthand for an annual event where various central bankers get together and talk about monetary policy. The Fed Chair almost always delivers a speech and that speech occasionally causes volatility in the bond market. This year was a classic example. Fed Chair Warsh’s speech focused

Citizens Bank is suing SoFi Bank for poaching its loan officers and loan pipelines, in a new lawsuit that shows the fight for mortgage talent and business remains intense. Processing Content The Rhode Island-based bank is accusing its fintech competitor of racketeering, for allegedly inducing over 30 LOs and other mortgage staff to breach their