Trade Deal Rocks Markets, But There’s a Catch

Last week, we talked about the many reasons that the importance of the US/China trade relationship could not be overstated. This week’s market movement showed why.  With new tariffs set to take effect on Sunday, Dec 15th, we knew big news became more and more likely as the week progressed.  It arrived unequivocally on Thursday and remained front […]

Good Times Rolling For Housing; How Long Will It Last?

Financial markets remain transfixed by seemingly insignificant updates relating to US/China trade negotiations. For those who follow markets closely, this can be exasperating at times, but it’s happening for a good reason. If we only look at shorter-term market movements (like the chart below with this week’s stock prices and bond yields), we might conclude […]

Many Credible Sources Are Dead Wrong About Rates

The past 2 weeks have been fairly exciting in terms of interest rate volatility. This is the perfect environment for seemingly authoritative sources to get it dead wrong when it comes to telling you how rates are moving. Without naming names, let’s just say some very big players in the mortgage, real estate, and financial media markets […]

Rates at 3-Month Highs and They Could Go Higher

Last week, we discussed a fairly quick move toward LOWER rates. One short week later and we’re forced to discuss an even more abrupt move back toward HIGHER rates. By Friday, the average mortgage lender was quoting the highest rates in more than 3 months, and things could get worse before they get better. In both […]

The Trade Deal Just Made Your Mortgage Rate Higher, But There’s a Catch

It would have been hard to make it through this week without hearing about Friday’s trade deal progress, but how does it affect you?  At face value, a healthy trade partnership is good for the global economy, but if you need a mortgage any time soon,  the trade deal just pushed your rate higher.   Rates actually […]

Don’t Believe The News on Mortgage Rates

As of Thursday, most major news outlets and even several important trade organizations ran headlines claiming mortgage rates were flat this week.  But rates are actually much lower compared to last week.  What’s up with that? The culprit is the weekly mortgage rate survey compiled by Freddie Mac which has been the mortgage world’s go-to rate index for decades.  […]

Housing Market Ended Summer With a Bang

Looking at the calendar (and the weather, depending on where you live), summer may seem like an increasingly distant memory, but for housing market data, things are just heating up. Whether we’re talking about the housing market or almost any other aspect of the economy, the biggest economic reports tend to be released long after the days when […]