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 […]

Mortgage Rates Improve Ahead of Important Jobs Data

by: Matthew Graham
Mortgage Rates Improve Ahead of Important Jobs Data
Dec 4 2014, 3:47PM

Mortgage rates recovered some recently lost territory today following a press conference with European Central Bank (ECB) President Mario Draghi.  While domestic mortgage rates are several degrees of removed from European monetary policy, there’s an undeniable connection.  Many market participants expected more concrete […]

Mortgage Rates Continue to New November Lows

by: Matthew Graham
Mortgage Rates Continue to New November Lows

Nov 17 2014, 3:42PM

Mortgage rates moved moderately lower again today, setting another new low for the month of November.  That said, the movement has been primarily restricted to the upfront costs associated with the same old rates.  In other words, the most prevalent contract rates remain 4.0% […]

Bozeman Home Loan Rate Update

Bozeman Home Loan Rate Update
by: Matthew Graham
Mortgage Rates Holding Near 4 Percent

Oct 27 2014, 3:47PM

Mortgage rates were almost perfectly unchanged over the weekend.  Most lenders are still right in line with Friday’s most prevalently-quoted conforming 30yr fixed rate of 4.0% for top tier borrowers.  That said, most of those rate sheets also still have reasonable […]