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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

Jobs Report Fires Warning Shot For Rates

Interest rates have been on a tear. They’ve fallen faster and farther than at any other time in the past 8 years. By some measures, they’ve managed to maintain positive momentum for as long as they ever do. This naturally begs the question: is it time for a bounce?

Investors expected some clarity on that question […]

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

Rates Are Low. They’re Also High. What’s Up With That?

Interest rates are low!  Just how low depends on the rate in question.  For instance, longer-term rates like those for fixed-rate mortgages and 10yr US Treasuries are as low as they’ve been since November 2016.  Shorter-term rates are another story.  2yr Treasury yields are only back to mid-2017 levels and the all-important Fed Funds Rate […]

By |June 28th, 2019|Blog, Mortgage Rates|0 Comments

Fed Confirms Market’s Hopes, But There’s a Catch

This week’s policy announcement from the Federal Reserve (aka “The Fed”) was hotly anticipated. In the past month and a half, traders have rapidly upped their bets on multiple Fed rate cuts in 2019 as trade tensions flared.  Softer economic data only added fuel to the fire.

In other words, markets think they see a reason for a big shift in Fed […]

By |June 21st, 2019|Blog, Mortgage Rates|0 Comments

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