💡Now available: A new rate simulator can be downloaded here. Metals are in a runaway bull market punctuated by silver, which just shattered a record, crossing $90 for the first time. Why is this news of any consequence for mortgages? Because this sort of move has a nasty habit of

💡Stay tuned Tuesday for the newest Rate Simulation results. Yields popped early in the day thanks to the latest Trump–Powell episode. Traders sobered up by lunchtime, dragged rates back down, and left them hovering just above unchanged. While Monday’s headlines were heavy on political noise, markets now await

💡See also: Mortgage Tidbits (below). The U.S. Federal Reserve’s independence is the backbone of its inflation-fighting credibility. That's why, before Trump, most U.S. presidents—Johnson and Nixon excepted—avoided overt political pressure on the Fed. Trump, of course, completely ignored that long-standing norm, calling Fed