Matthew Graham

Matthew Graham is the Chief Operating Officer at Mortgage News Daily (MND) and MBS Live. He transitioned from being an originator to focusing on bond markets to better understand mortgage rate movements. In the 20 years since, he has been recognized as an industry innovator in market data services for mortgage originators. MBS Live is considered the most trusted and accurate source of streaming bond prices, data, and dialogue. Graham is often featured in media as a mortgage rate expert and has helped several major outlets modernize their reporting. He currently resides in the Pacific Northwest where he enjoys various outdoor activities and spending time with his family. He also underwent back surgery recently. Graham continues to be active in the live chat window on MBSLive.net during bond market hours.

Biography:  https://www.mortgagenewsdaily.com/profile/mgraham

84%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

The Daily's Verdict

This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.

Bias

92%

Examples:

  • Focus on economic data and its impact on mortgage rates without providing context for alternative viewpoints.

Conflicts of Interest

75%

Examples:

  • Close ties with Freddie Mac for mortgage rate data.
  • Promotion of MBS Live services to originators.

Contradictions

80%

Examples:

  • Discrepancy between daily and weekly mortgage rate indices.
  • Mixed signals from economic indicators such as jobless claims and PMI readings compared to the overall trend of increasing mortgage rates.

Deceptions

85%

Examples:

  • Implying that the bond/rate market was caught off guard by inflation report when it was already anticipating higher rates.
  • Misleading statements about the importance of small monthly changes in CPI.

Recent Articles

FOMC Meeting and CPI Report in June: Crucial Decisions Ahead for Interest Rates and Mortgage Markets

FOMC Meeting and CPI Report in June: Crucial Decisions Ahead for Interest Rates and Mortgage Markets

Broke On: Monday, 03 June 2024 The upcoming FOMC meeting and CPI report on June 12 will determine interest rate decisions and their impact on mortgage rates, with the Federal Reserve having increased its benchmark federal funds rate eleven times since late 2022. The housing market faces challenges due to high mortgage rates and rising home prices, with the median monthly payment at $2,256 - a 7% increase from last year.
Treasury Yields Rise Following Weak Demand for Five-Year Note Auction and Anticipation of Inflation Data

Treasury Yields Rise Following Weak Demand for Five-Year Note Auction and Anticipation of Inflation Data

Broke On: Tuesday, 28 May 2024 Treasury yields rose on Tuesday despite weak demand for a $70 billion five-year note auction and ahead of inflation data, with the 10-year yield climbing to 4.542% and the two-year yield dipping to 4.974%. Yields and prices move in opposite directions, with one basis point equaling 0.01%. The increase followed recent weak auction results and as investors awaited economic data and inflation levels, while closely monitoring Fed comments on future policy decisions.
Mortgage Rates Surge to Highest Level of the Year: What It Means for Homebuyers

Mortgage Rates Surge to Highest Level of the Year: What It Means for Homebuyers

Broke On: Monday, 01 April 2024 Mortgage rates have surged to their highest level of the year, averaging 7.5% for the popular 30-year fixed mortgage. This upward trend, driven by inflation concerns and Fed Chair Jerome Powell's comments, has led to a rise in sales data reflecting the impact on homebuyers. Despite this, mortgage applications have only slightly increased compared to last year, with experts urging potential buyers to act quickly due to strong economic data keeping rates elevated. Additionally, rising material costs are causing builders to increase prices and further impact affordability.
Rising Mortgage Rates: What You Need to Know

Rising Mortgage Rates: What You Need to Know

Broke On: Thursday, 15 February 2024 Mortgage rates have increased to 6.77% for the second week, driven by high inflation and strong employment data.