Congrats to every financially stable borrower who got a 5-year fixed this month – you are philanthropists who generously donated to your lender's “We Love Your Money” foundation. And be sure to attend the next meeting of the "I Didn't Do the Math" club. It&

Out of the myriad of economic data, #CPI# is what matters most. And we made solid progress today. The question is, when will mortgage rates catch on? What CPI did Headline inflation, which usually hogs the spotlight, fell to 3.1% in October from 3.8% the prior month. But

Just when you thought jobs data Fridays couldn't get more exciting, the economic deities serve up two reports tailor-made for low-rate aficionados. Today's softer-than-expected employment data is keeping North American bond yields in a nosedive. And given the market's positive reaction to U.S.

The cat's out of the bag. All the monetary tightening to date may not be enough—not if today's stunning job growth is any indication. But don't worry, "just sit tight," central banks advise us. "Monetary policy takes time" — like