This is according to Wade Pfau, professor of retirement income at the American College of Financial Services. Pfau spoke with HousingWire’s Reverse Mortgage Daily (RMD) about the potential role for Home Equity Conversion Mortgage (HECM) products in light of recent tariff-induced market volatility. Wade Pfau “I would say closer to five years ago, I did
In 2024, when the 10-year yield broke to the lows for that year, we had a series of labor reports that missed estimates, but that has not been the case this week, something I talked about on this episode of the HousingWire Daily podcast. BLS Jobs Friday and jobs week data From BLS: Total nonfarm
Since we believe in the close relationship between the 10-year yield and mortgage rates, we expect mortgage rates to decrease tomorrow if bond yields continue to decline. Here’s what the bond yields looked like on Wednesday afternoon: My bottom range forecast for the 10-year yield in 2025 is 3.80%. At 4.11%, it marks the lowest
4 positive readings 3 negative readings 3 flat prints Overall, we’ve seen positive growth year over year with most of the weekly data in 2025. It’s not spectacular and it working from the lowest bar ever, but growth is growth. The purchase application data looks out for about 30 to 90 days, but I wouldn’t
The Market Composite Index, which measures mortgage loan application volume, decreased 6.2% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index decreased 6% from last week. The refinance index decreased 13% from the previous week, but was 70% higher than the same week one year ago. The seasonally adjusted