Bond bears need to be careful here. This looks exactly like a year ago without the election. To everyone who said sub 4 would never happen? Let’s see where it goes before Labor Day

With the ten holding at 4.19 it would appear we are poised to break out of the range. How long before sub 4?

Why do people who don’t understand what they’re talking about then ridicule the ones who correct them

Looks like I was a couple Months early. Will learn to be more patient!

With just the information provided there is nothing wrong with what Lisa cook did. There wasn’t even a rate hit to simply call it a second home at the time. She moved on from Michigan state after the school year in order to take a job in Atlanta. Not uncommon but I will add that

Both homes were where they worked after she accepted a new job in Atlanta after her term at msu ended. The plot thickens!

So here’s my latest on the Cook scenario. As a former auditor for a big 8 back in the 80’s we were specifically trained for fraud detection and I can honestly say that as a lender who has overseen billions in fundings over 40 years I think I know mortgage fraud by now. I still

Not a bad way to enjoy 75 and sunny😎

The next few days could very well determine if we are finally going to break out of this trading range in the ten year. Weak employment data would be the catalyst so if tomorrow is ugly followed up by a large annual revision next Tuesday? We could see a 6.25 30 yr fixed next

How we looking bond vigilantes? I’ve been telling you labor is the story so let’s see where things stand next Tuesday after the annual downward revision

Ok.. so after Labor Day once payrolls dropped!

This was May. Payrolls reported negative in June and close to negative in May.

If the headline data had been as low as the revised data? We would have had cuts by now

With the large annual payroll revision tomorrow expected to exceed 750 k will we see a sub 4 ten year . 30 yr fixed today is heading under 6.3 or a full point below the high for the year so maybe date the rate will work after all!

Can we start a campaign for a new data set? Lenders see everything

Are we about to see a test of 4% on the ten year? Who would have thought🤔

Not sure why he said this but it didn’t seem that much of a reach break 4%? Did he forget the housing component or took jobs data as reliable?

So it was a second home the whole time? Just a reminder that back in 2021 there was no rate difference between a primary and second home so let’s bury the whole she didn’t like the rate so she lied scenario