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Boring Monday Keeps The Focus on Next Week
4/22/2024 3:19 PM
Boring Monday Keeps The Focus on Next Week Monday may as well have been a 3rd weekend day as far as the bond market is concerned.  While equities are preoccupied with earnings, bonds were trading at about HALF their normal clip based on the past 2 weeks of average volume.  There were no relevant e...Read More
Mortgage Rates Essentially Flat Just Under 5 Month Highs
4/22/2024 3:01 PM
Mortgage rates began the new week at almost exactly the same levels seen at the end of last week.  There were no major events or economic reports to cause volatility in the underlying bond market, but bonds were able to improve modestly by the end of the day. In general, bond market improvement leads to lower rates.  The catch, in this c...Read More
Piggyback, 2nds, POS Products; G-Rate’s CEO Podcast Interview; Agency News
4/22/2024 10:28 AM
When I was a kid, whenever I would walk by a pay phone or newspaper vending machine, I’d check the coin change slot. Or periodically check under my Dad’s La-Z-Boy… every penny or dollar counted! (Nowadays, I still get excited when I find a forgotten quarter in my own pants or backpack.) Plenty of folks at last week’s Great River Conference were try...Read More
Slow Start to What May be a Slow Week
4/22/2024 7:47 AM
It"s no secret that a vast majority of bond market movement these days occurs in response to a small handful of economic reports and the Fed"s quarterly updates on the rate hike outlook (via the dot plot).  That means we see several weeks each month without any big ticket market movers. This week arguably qualifies.  But how could that be...Read More
Sometimes Sideways is The Best Case Scenario
4/19/2024 3:32 PM
Sometimes Sideways is The Best Case Scenario Granted, there was a possibility that today could have been a rally day for the bond market, but as seen in the overnight trading session, that possibility depended on the escalation of war in the Middle East.  There aren"t many other reasons for bonds to pu...Read More
The Case of The Disappearing Rate Cuts
4/19/2024 3:30 PM
The Fed expected to be able to cut rates 3 times in 2024 as recently as March. Financial markets agreed. But the data that"s come out since then has everyone singing a different tune.  This week"s data was more of an afterthought compared to last week"s. The chart above pertains to Fed rate expectations, and that"s not exactly the same as l...Read More
Cybersecurity, TPO, Verification Tools; Tech Tracking Whereabouts; Why Rates Are Where They Are
4/19/2024 10:33 AM
It is “Take Your Child to Work Day” next Thursday which, if you work from home, is probably like a day off from school for the tyke. (I won’t be bringing my son Robbie to work, who, as I write this, is pedaling from Chicago to New York and bunked down last night in Union Home’s Bill Cosgrove’s humble abode.) I do not track his exact whereabouts, bu...Read More
Gradually Pulling Back From Flight to Safety Bid Overnight
4/19/2024 9:06 AM
The overnight session began with a very clear flight to safety in stocks (sell) and bonds (buy) on headlines regarding increased hostilities between Iran and Israel.  There have been plenty of "increased hostility" headlines this week that have not had much impact.  These were different because the initial newswires played up the risk to ...Read More
Good News and Bad News About Today"s Selling
4/18/2024 2:55 PM
Good News and Bad News About Today"s Selling The bad news is that bonds resumed their weaker tendencies today with 10yr yields moving back up into the 4.6"s.  Culprits included stronger economic data, hawkish Fed comments, and possibly the fact that the previous day"s gains were driven by corrective sh...Read More
Mortgage Rates Higher Today, But Not Quite as High as Tuesday
4/18/2024 2:36 PM
Tuesday marked the highest mortgage rates since November, capping a mini surge that began after last week"s inflation data. After a moderate improvement yesterday, rates moved back up toward (but thankfully not above) the recent highs today.  Financial markets reacted to stronger economic data and comments from Federal Reserve officials regar...Read More

Small Business Stories from New York Times:
Truth Social Has an Edge as Rival Right-Wing Apps Falter
4/22/2024 9:40 PM
Donald Trump’s social media platform has outdistanced similar conservative sites such as Parler and Gettr, even as it lags far behind X and others...Read More
Kit Vintage Is a Secondhand Oasis in Los Angeles
4/16/2024 9:38 AM
A laid-back shop in Los Angeles is a semi-secret spot for celebrities and costume designers...Read More
Should You Use an Anti-Wrinkle Straw?
4/19/2024 9:49 PM
Another solution to a problem we didn’t know we had...Read More
Here’s Why This Bouquet of Red Roses Costs $72 in NYC.
4/16/2024 5:00 PM
A dozen red roses is timeless. But its price tag is not. At Ditmars Flower Shop in Queens, where costs have soared in recent years, a bouquet is $72, up from $60 in 2019...Read More
Some NYC Restaurants Try Out Virtual Staff Who Take Orders Via Zoom
4/11/2024 1:45 PM
A few New York City restaurants are experimenting with virtual staff members, who greet customers onscreen via Zoom from the Philippines...Read More

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