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Best Year For Rates Since 2002, How Low Can They Go?

Mortgage rates are on a tear.  As of this week, 2019 is now the best year in more than a decade in terms of the peak-to-trough move.  But there’s a catch: 2019 isn’t over yet, and there’s always a risk that rates move higher between now and the end of the year.

So, will they (move higher)?

There are plenty […]

By |September 6th, 2019|Blog, Mortgage Rates|0 Comments

Let’s Shatter Some Housing/Mortgage Misconceptions

It’s easy enough for media outlets to accurately report the underlying facts when it comes to mortgage rates and housing. It seems far harder to find consensus when it comes to interpreting those facts.  Let’s clear up some of the misconceptions driving this phenomenon as we recap the week’s market movement and housing-related developments.

For many consumers […]

By |August 30th, 2019|Blog, Mortgage Rates|0 Comments

No Rest For Refi Boom as Tweets Trump Fed

Various speeches from members of the Federal Reserve contributed to upward pressure on rates throughout the week. But then on Friday, all that pressure was erased in an instant or two.  What has that kind of power?  

If you were forced to guess Friday’s big market mover in advance based on a schedule of events, the […]

By |August 23rd, 2019|Blog, Mortgage Rates|0 Comments

New Refi Boom Kicking Into Higher Gear

This week, the Mortgage Bankers Association (MBA) released application numbers that confirm what almost anyone in the mortgage industry could have already told you (if they could find the time and energy!)  A new refi boom is underway.  

The refi numbers are all the more impressive considering how hard-fought the mortgage rate improvement has been.  There’s a […]

By |August 16th, 2019|Blog, Mortgage Rates|0 Comments

Lowest Rates Since 2016, But Why Aren’t They Lower?

Market volatility has been fairly intense over the past week and a half with trade war drama taking the spotlight away from the Fed and economic data. The following chart shows the Fed announcement last Wednesday being trumped by Trump’s tariff tweets on Thursday and then again by China’s decision to weaken its currency (Yuan) […]

By |August 9th, 2019|Blog, Mortgage Rates|0 Comments

The Fed Did NOT Cut Mortgage Rates, But Trump Tried!

On the morning after this week’s Fed rate cut, mortgage rates were roughly unchanged versus the previous morning.  This will come as a surprise to scores of consumers who mistakenly believe the Fed’s 0.25% rate cut equates to a 0.25% drop in ALL rates.

The Fed only sets its own “Fed Funds Rate” which governs overnight lending between big banks.  The only direct […]

By |August 2nd, 2019|Blog, Mortgage Rates|0 Comments

Is There Really Trouble in The Housing Market?

Negative housing-related headlines are on the rise. Here are a few recent examples:

Foreign purchases of American homes plunge 36% as Chinese buyers flee the market

Another bad sign for the housing market

Housing is providing another in a line of troubling signs

Declining Mortgage Rates Aren’t Helping Home Builders

China’s Economy, Trade Talks and Trouble in the Housing Market

Housing’s […]

By |July 26th, 2019|Blog, Home Buying, Home Selling, Mortgage Rates|0 Comments

The Other Side of This Week’s Scary Housing News

This week’s most prevalent housing market headlines were quick to mention the abrupt drop in Building Permits to the lowest levels in 2 years.  Other headlines pointed out that it was the quickest move lower in more than 2 years.  Both statements are true.  So is it time to stick a fork in the housing […]

By |July 19th, 2019|Blog, Mortgage Rates|0 Comments

Why a Fed Rate Cut Might Mean Higher Rates

Too frequently, media coverage suggests a Fed rate cut would coincide with lower mortgage rates and vice versa. But in practice it can be just the opposite!  Let’s take a look at what the Fed is actually about to cut and how it might impact rates.

The Fed Funds Rate is set directly by the Federal Reserve.  It’s the only […]

By |July 12th, 2019|Blog, Mortgage Rates|0 Comments

First-Time Home Buying

Are you finally ready to stop renting and buy a home in Bozeman? You’ve been renting for a while, but
now you’ve settled into your life. Have you been working for the same great company and moving up
the ranks since high school? Did you put that awesome idea into practice and now you have your own
thriving […]

By |July 8th, 2019|Blog, Home Buying|0 Comments