Just When You Thought It Couldn’t Get Any Crazier

Last week’s newsletter asked whether or not the highest interest rates of this economic cycle are behind us. At the time, this was a relatively new and bold assertion. Now, this week makes that assessment look tame by comparison.

Specifically, rates surged triumphantly lower, and at a much quicker pace.  From the recent highs, this is now the biggest, fastest […]

By |December 7th, 2018|Blog, Mortgage Rates|0 Comments

Are The Highest Interest Rates Behind Us?

Relative to the last 2 years of pain for rates, a sense of hope has emerged, seemingly overnight, as the 10yr Treasury yield (an important benchmark for longer-term rates like mortgages) broke through a key level.

3.05% had consistently blocked the advance of falling rates for more than 2 months.  The most recent bounce happened just last week.  Breaking through […]

By |November 30th, 2018|Blog, Mortgage Rates|0 Comments

Housing Showing Some Signs of Stabilizing

It wouldn’t be 2018 in the housing market if there wasn’t at least one report painting a gloomier picture.  The National Association of Homebuilders Housing Market Index (or “builder confidence” for short) did those honors this week.

Up until now, builder confidence had been holding up better than other housing metrics in 2018.  That changed abruptly this week […]

By |November 23rd, 2018|Blog, Home Buying, Home Selling, Mortgage Rates|0 Comments

Rates Actually Fell to Recent Lows This Week

The rapid rise in rates has been a big problem for the housing and mortgage markets this year. Just last week, some reports suggested rates were near 8 year highs. The same sources reported that rates were ‘unchanged’ this week.  One might conclude rates remained at 8 year highs this week, but by Friday, they were the lowest in more […]

By |November 16th, 2018|Blog, Mortgage Rates|0 Comments

Who Gets The Blame For Higher Rates?

Are you mad? Whether you’re a housing/mortgage professional or simply a person who might like to buy/sell/refinance a house at some point in the near future, you have a right to be frustrated.

Housing is definitely in the midst of a cooling phase.  There are many reasons for this, and they’re not all bad or abnormal.  It’s hard to […]

By |November 9th, 2018|Blog, Home Buying, Home Selling, Mortgage Rates|0 Comments

Why Strong Job Gains Hurt Both Sides of The Market

October has a bit of a reputation in financial markets as being more prone to volatility than most months. While there are solid theories as to why (earnings, start of Federal fiscal year, seasonal staffing patterns among traders), there’s no solid rhyme or reason as to how the volatility will play out.

This time around, October […]

By |November 2nd, 2018|Blog, Mortgage Rates|0 Comments

Here’s Why You Can’t Trust The News When it Comes to Stocks and Interest Rates

It’s been all over the news in October, and before then in February: rising rates are causing heavy stock losses! The bigger the stock losses, the more rates get blamed. To some extent, and for some investors, that may be true, but it sure wasn’t true this week.

This week was all about stocks, and if […]

By |October 26th, 2018|Blog, Mortgage Rates|0 Comments

A Few Great Reasons Not to Lose Hope in Housing and Rates

Times are tougher than they have been for the housing and mortgage markets. Rates are at 7 year highs, and home sales/prices are noticeably cooling. 2008’s mortgage meltdown taught us to fear the worst at times like this, but there are some good reasons you probably shouldn’t.

Yes, housing is cooling and prices are no longer rising at unsustainable levels.  […]

By |October 19th, 2018|Blog, Mortgage Rates, Refinancing|0 Comments

Interest Rates Don’t Go Up In a Straight Line – Here’s Why

If you’ve been anywhere close to the housing market over the past few years, you know mortgage rates have been rising. Last week brought one of the sharpest increases in years even as rates were already pushing long-term highs. Now, this week’s massive stock sell-off dropped in to remind us that rates don’t always rise […]

By |October 12th, 2018|Blog, Mortgage Rates|0 Comments

Rates Surged to 5% This Week. Is There Any Hope?

For the first time since early 2011, the average mortgage lender is quoting conventional 30yr fixed rates of 5.0%. This happened fairly quickly too, with an increase of 0.25% just in the past 3 days. What’s causing all this drama and is there any hope that it will subside?

As far as causes go, here’s an […]

By |October 5th, 2018|Blog, Mortgage Rates|0 Comments