Hospitality News & Insights

• Some Bond-Specific Weakness in The Afternoon July 10, 2026
  Some Bond-Specific Weakness in The Afternoon Oil and Treasury yields were almost perfectly correlated for almost the entire week. Friday afternoon was an exception. Oil continued sideways to slightly lower while yields rose a bit. Overall damage was negligible, but it was interesting nonetheless. While there was no clear news or event behind the move, […]
• Mortgage Rates End Week Roughly Unchanged July 10, 2026
  Rates are based on bonds and bonds have been taking cues from oil prices this week. Oil was flat overnight, bringing bonds along for the sideways ride. As such, the average mortgage lender began the day almost perfectly in line with yesterday's latest levels.  All that having been said, bonds experienced some of their own […]
• Existing-Home Sales Continue Sideways Trend in June July 10, 2026
  Existing-home sales eased in June after reaching a six-month high in May, as modest changes in mortgage rates continued to influence buyer activity. According to the National Association of REALTORS®, sales fell 2.4% from May to a seasonally adjusted annual rate of 4.09 million , though they remained 2.8% above their level from a year […]
• Mortgage Applications Ease During Holiday-Shortened Week July 10, 2026
  Mortgage application activity slipped modestly last week as both purchase and refinance demand eased during the holiday-shortened period. The Mortgage Bankers Association (MBA) reported a 2.2% decrease in total application volume on a seasonally adjusted basis for the week ending July 3, with results adjusted for the Fourth of July holiday. Purchase applications declined 1% […]
• Verification, AI, Prequal Products; STRATMOR Tech Survey; Government Program News July 10, 2026
  Did you know that 53 percent of statistics are made up on the spot? “Rob, you recently mentioned that 30 percent of repeat buyers paid cash and did not finance their home. Where did that statistic come from?” The most recent Home Buyers and Sellers Report from NAR. If you’d like to see stats based […]
• Empty Calendar Leaves Focus on War Headlines July 10, 2026
  The entire week has been a study in the rekindled love affair between bond yields and oil prices. The latter is fairly flat versus yesterday's latest levels, so it's no surprise to see bonds in the same position. Without anything of note on the econ calendar today, there's no reason to expect any catalyst to […]
• Slightly Stronger But There's a Catch July 9, 2026
  Slightly Stronger But There's a Catch Bonds had a decent day with MBS up more than a quarter point and 10yr yields down 3bps to 4.54+.  While that adds some emphasis to the rejection of a technical breakout above 4.59%, we can't really conclude that it happened for any bond-specific reasons. In fact, we're forced […]