Both of the major purveyors of home price indices have been in agreement for the better part of a year that the average home is appreciating between 4...
Mortgage rates have done almost nothing but move higher in the month of May. The latest bump--seen yesterday--took the average top tier 30yr fixed ra...
This morning's market action is quickly helping us understand the enigmatic trading seen yesterday (i.e. a sell-off without any great scapegoats).&nbs...
The market is constantly making bets on where the Fed Funds Rate will end up for any given moment many months into the future. As such, that rate expe...
Wednesday's weakness was severely lacking in the scapegoat department. In other words, there were not big, obvious justifications for the spike in bon...