Visionary Lending

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  • Volatility Eludes Bonds January 30, 2026
    Volatility Eludes Bonds Bonds saw some steady selling pressure earlier in the week, but with the total damage amounting to an average of 2bps per day in 10yr yields, it was anything but volatile. The past 2 trading sessions had more noticeable ups and downs, but they played out in an even narrower range. Friday, […]
  • Mortgage Rates Sidestep Into The Weekend January 30, 2026
    While there was certainly plenty of volatility elsewhere in the financial market this week, there was almost none to be found in mortgage rates. Wed, Thu, and Fri all recorded the exact same level in MND's 30yr fixed rate index--something that only happens a few times every year. Rates are based on bonds and bonds […]
  • November Was Best Month of Home Price Appreciation in More Than a Year January 30, 2026
    Both the FHFA and the S&P/Cotality Case-Shiller home price indices released November data this week, and the combined message is that home price appreciation continues doing better than it had been in the middle of 2025. FHFA’s seasonally adjusted House Price Index paints clearest picture with seasonally adjusted home prices up 0.6% month-over-month in November […]
  • Logical Pull-Back in Mortgage Apps as Rates Rebound January 30, 2026
    Mortgage application activity retreated a bit last week following two weeks of unusually strong volume, although holiday timing played a meaningful role in the weekly comparison. The Mortgage Bankers Association (MBA) reported that applications fell 8.5% for the week ending January 23, giving back a portion of the recent surge. The Market Composite Index declined […]
  • Verification, Licensing Tools; Correspondent News; Fed Chair Nominee Kevin Warsh January 30, 2026
    There’s a lot of sensible thinking going on out there in our biz. Yesterday in the Thought Leadership section, attorney Mitch Kider addressed the “Rule of Law” and what he believes is important to the industry. In a new article featured in Chrisman Commentary's Thought Leadership, David Spector challenges the rate-centric view of housing affordability, […]
  • Why Don't Bonds Care About The Massive Miss in PPI? January 30, 2026
    PPI... The Producer Price Index. It sounds a lot like CPI because both are published by the Bureau of Labor Statistics and they share lots of methodology and structure. Given that CPI has been responsible for some of the biggest bond market reactions, you'd be well within your rights to expect a big sell-off after […]
  • Bonds End Up Little-Changed. Other Markets May Have Helped January 29, 2026
    Bonds End Up Little-Changed. Other Markets May Have Helped Bonds began the day with a bit of selling pressure.  It was almost too small to draw much attention to. MBS never dropped below yesterday's lows and 10yr yields merely moved back up to overnight highs (also, no higher than yesterday's highs). In other words, it was […]