Hospitality News & Insights

• Lowest Rates in a Year. Tomorrow's Fed Announcement Could Push Them in EITHER Direction October 28, 2025
  Rates have been flirting with long term lows over the past 2 weeks, but today made it official.  Today's average top tier 30yr fixed rate perfectly matched that seen on September 16th, 2025.  That's the lowest it's been since September 2024, and we're so close to those lows that it's just as fair to say […]
• Correspondent, Buy Before You Sell, Verification Cascade Tools; Conventional Conforming Changes October 28, 2025
  My cat Myrtle never liked Halloween, apparently believing it was for amateurs. Our nation has plenty of interesting historical sites related to ghosts and unpleasant things... like Salem, Massachusetts. It lives with the history of the Witch Trials of 1692 during which 19 women and men were executed on charges of witchcraft. Today, the most […]
• MBS Continue to Outperform as Auctions Weigh on Treasuries October 28, 2025
  First off, bonds are doing fine this morning.  10yr yields are technically higher on the day, but only when compared to yesterday's 5pm levels.  As far as most trade desks are concerned, 3pm is the closing time for Treasuries, and against that benchmark, we're slightly stronger on the morning.  MBS are stronger still, almost certainly […]
• Bonds Improve After Treasury Auctions October 27, 2025
  Bonds Improve After Treasury Auctions Treasury auctions don't always cause a reaction in bonds, but they did today. This has less to do with the results being remarkable and more to do with the fact that there were two big auctions on a Monday (as opposed to the typical auction schedule that plays out Tue-Thu) […]
• Mortgage Rates Perfectly Flat to Start The Week October 27, 2025
  Mortgage rates fell to the lowest levels in a month last Tuesday and barely budged through the rest of the week. Now, at the start of the new week, the average lender is perfectly unchanged from last Friday. This means there are only a small handful of days with meaningfully lower rates going all the […]
• Warehouse, PPE/LOS, Electronic Notary Tools; Non-Agency Product Changes; Student Debt Stats October 27, 2025
  I was recently on a hike with a gal pal, and we were talking about her future. I asked, “You don’t have any kids. Who is going to take care of you when you get older?” She replied, “The sommelier.” The future should be on everyone’s minds. I met up with a friend last week […]
• Pre-Fed Consolidation, Pre-Auction Concession October 27, 2025
  As the shutdown continues, econ data remains sparse. This makes for smaller, more range-bound movement overall with last week making a decent case to established the floor of the current range in Treasury yields. A good-but-not-good-enough CPI helped seal the deal on Friday, but the impending Fed announcement is just as relevant.  The market has […]