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

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

Scary Low Housing Numbers? Not Exactly

There’s no question that some housing markets around the country are showing signs of cooling. Price reductions are starting to show up again after an extended absence, the average home is staying on the market a bit longer, and inventory is finally coming up from the lowest levels in decades.

To top it all off, this […]

Glimmers of Hope For Home Sales and Rates

News has been pretty grim recently for interest rates and the housing market. This week’s developments may provide a glimmer of hope.  Granted, it could turn out to be false hope, but for now, let’s focus on the glimmer!

Freddie Mac reported a medium-big move higher in mortgage rates this week.  Freddie Mac was wrong.  Actually, to be fair, Freddie’s methodology […]

By |August 3rd, 2018|Blog, Home Selling, Mortgage Rates|0 Comments

Putting Home Sales Slowdown in Perspective

Both New and Existing Home Sales came in lower than expected this week. Taken together with last week’s big drop in Housing Starts, this raises obvious questions about the housing market. How much should you worry?

Incidentally, I posed the same question in last week’s newsletter.  You can revisit it with this link or simply read on.  The answer is the […]

By |July 27th, 2018|Blog, Home Buying, Home Selling|0 Comments

Should We Worry About a Housing Slowdown?

A monthly report on new residential construction came out this week, showing a big drop in housing starts (the groundbreaking phase following a building permit). Should we worry about a slowdown in home sales?

The short answer is “no.”  The long answer is a bit more nuanced, but in both cases, we’re certainly not standing on the edge […]

By |July 20th, 2018|Blog, Home Buying, Home Selling|0 Comments

2 Very Different Ways to Look at Housing Numbers

This week was chock full of housing data ranging from construction and builder sentiment to the most recent tally on existing home sales. The takeaways can vary depending on your angle of approach. So let’s look at all angles!

A key news item came from the New Residential Construction report, which counts building permits and “housing starts” (the breaking […]

By |June 22nd, 2018|Blog, Home Buying, Home Selling|0 Comments

Mortgage Prequalification vs. Mortgage Preapproval

Mortgage prequalification is an assessment of whether your debt-to-income ratio fits underwriting guidelines for one of the many types of home loans that we offer. It also provides an estimate of how much you may be able to borrow – a good first step in the house-hunting process.

While this number is informative, keep in mind […]

Bozeman Home Loan Mortgage Rates Back to 2014 Lows

by: Matthew Graham
Mortgage Rates Back to 2014 Lows

Bozeman Home Loan Mortgage Rates

Dec 10 2014, 3:59PM

Mortgage rates moved only slightly lower today, but it was enough to bring the end-of-day average to the lowest in more than a year an a half.  For the record, there were lower rates available on the morning of October 15th, […]

What is the “best rate” at any given time?

I get a lot of questions from customers regarding what they’ve read on the internet or seen on TV regarding interest rates. Today a customer asked me “I saw that 30 year fixed rates are 3.75%, why is my rate 4%?” Well, there are a lot of factors that go into deriving a rate. Those […]