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GVLT Trails Challenge

Summer is on its way here in Bozeman. For most of us that means a lot of fishing, biking, and hiking is also on its way. Most folks know of the great fishing around us, whether it’s the three forks of the Missouri to our west or the Yellowstone to our east.  Maybe not as […]

By |June 14th, 2019|Blog|0 Comments

Low Rates Lighting a Fire Under Housing/Mortgage Markets

You’ve heard of time healing all wounds, but what about low rates healing the mortgage and housing markets? It’s not that either was particularly distressed, but both have benefited in a major way from the recent drop in rates. Just as important as the drop itself has been rates’ ability to HOLD at or near long-term lows for 2 full […]

By |June 14th, 2019|Blog, Mortgage Rates, Refinancing|0 Comments

Time For the Next Refi Boom?

There are refi booms and then there are refi booms! Numbers were never higher than they were during several weeks in 2009 and they were never “extremely elevated for nearly 2 years” like they were from August 2011 through May 2013. It would take some doing to get back to those levels, but relative to […]

By |June 7th, 2019|Blog, Mortgage Rates|0 Comments

Another Wild Week Leaves Rates at Long-Term Lows

Financial markets went on a fairly wild ride last week as downbeat manufacturing data combined with geopolitical news to lead a reversal in stocks and bonds. The current week brought just as much volatility by Thursday, but Friday took everyone by surprise–at least as far as rates were concerned.

Let’s start by taking a look at the […]

By |May 31st, 2019|Blog, Mortgage Rates|0 Comments

Rates Near Lowest Levels in Over a Year

Last week saw an unexpected drop in rates as trade war headlines rocked financial markets. Things looked set to calm down this week, but the drama continued. This time around, mortgage rates were able to keep slightly better pace with the broader bond market. The result is a return to levels that are very close […]

By |May 20th, 2019|Blog, Mortgage Rates|0 Comments

Why Aren’t Mortgages Falling as Fast as Other Rates?

10yr Treasury yields are widely thought to dictate mortgage rate movement. This week’s trade war headlines caused plenty of volatility and a general decline in Treasury yields, but mortgage rates had a hard time keeping up.

Before we get to the finer points of Treasuries vs mortgage rates, let’s recap this week’s reaction to various trade-related headlines.  […]

By |May 10th, 2019|Blog, Mortgage Rates|0 Comments

Big Bounce in Home Sales And What it Could Mean For Prices

It was an action-packed week for financial markets. Earnings were in full swing. There was a ton of economic data to digest. And of course, there was the Fed announcement and press conference to cause volatility from Wednesday afternoon on. But one of the most interesting developments was the big bounce in Pending Home Sales on […]

By |May 3rd, 2019|Blog, Home Buying, Home Selling|0 Comments

Housing Market Gearing Up For a Big Week Ahead

To understand what’s at stake in the week ahead, we need to understand where we are and where we’ve been.  With that in mind, here’s a quick recap of the past year or so in global macroeconomics.

Rates were near long-term highs in the first part of 2018 following the passage of the tax bill and generally […]

By |April 26th, 2019|Blog, Mortgage Rates|0 Comments

Did Rates Get Too Good To Last?

It’s never fun when this weekly newsletter has back to back headlines concerning rates moving higher, but facts are facts. The average lender is back in line with the highest levels since March 20th. What went wrong and are there any silver linings?

At the simplest level, the past several months of interest rate movement can […]

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

After Massive Response Last Week, Are Low Rates Already Gone?

While interest rates are always a topic of conversation in the housing and mortgage markets, everyone was talking about them last week. That tends to happen when the average 30yr fixed rate threatens to break into the high 3% range after a long absence. But just as quickly as the good times started to roll, rates […]

By |April 5th, 2019|Blog, Mortgage Rates|0 Comments