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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

Best Month in a Decade For Mortgage Rates!

Since February 28th, the average mortgage rate quote for the average lender dropped by roughly half a percentage point. That makes March 2019 the best month for rates since the Fed first announced quantitative easing (the bond buying program that targeted mortgage rates) in late 2008.

It’s no small coincidence that Fed bond buying was responsible for the […]

By |March 29th, 2019|Blog, Mortgage Rates|0 Comments

Rates Dropping Fast as Home Sales Bounce Back

The future is always uncertain when it comes to financial markets and interest rate movement, but there are times where a certain series of events seems more likely.  For most of 2019, mid-March looked to be one of those times.

The year began with a sharp move lower in rates–sharp enough that it wasn’t sustainable.  Rates rushed to […]

By |March 23rd, 2019|Blog, Home Buying, Home Selling, Mortgage Rates|0 Comments

Lowest Rates in 14 Months And More Volatility Ahead

Mortgage rates dropped to new long term lows this week with the average lender at the best levels since January 2018. For the most part, we haven’t seen much volatility this year, but that could change soon.

The absence of volatility is a factor of uncertainty, more than anything.  Sources of uncertainty include:

Economic contraction potential […]

By |March 15th, 2019|Blog, Uncategorized|0 Comments

Housing Pops; Rates Drop

Things were starting to look pretty scary for housing up until a few weeks ago. There was a chance that some of the weakness was temporary. Last week’s strong Pending Home Sales report provided some hope, but we didn’t have any other big housing reports to validate the hope… until now.

New Home Sales were as low […]

By |March 8th, 2019|Blog, Mortgage Rates|0 Comments

Home Sales Bouncing Back, But So Are Rates

Two weeks ago, the newsletter discussed why 2019 could actually be great for the housing market, despite downbeat reports and the likelihood of one more month of weakness for Existing Home Sales. That weakness showed up last week, but with it came a comment from the chief economist for the National Association of Realtors saying home sales were […]

By |March 1st, 2019|Blog, Home Selling|0 Comments

Why The Housing Market Cares About The Fed

The Federal Reserve (aka “the Fed”) is the US central bank that sets policies relating to the flow of money. Even though they’ll be the first to admit they don’t have perfect control of the situation, their goals are to keep employment high, prices stable, and financial instability at bay.  Because these goals are often at odds and […]

By |February 25th, 2019|Blog|0 Comments

Why 2019 Could Actually be Great For Housing and Mortgage Markets

By some measures, housing and mortgage markets took a turn for the worse in 2018. Some of the weakness can be thought of in a positive light (i.e. housing “catching its breath” after a strong run). But the rest of the weakness raised questions as to how deep the housing and mortgage market corrections might […]

By |February 15th, 2019|Blog, Home Buying, Home Selling|0 Comments