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

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

Lowest Rates in a Year, And They Could Go Even Lower. What Changed?

The last 2 months of 2018 marked a solid run for mortgage rates. December was particularly good, with rates falling at the fastest pace in at least at least 4 years. Balance that against the fact that early November saw the highest rates in more than 7 years!

It’s not uncommon to see rates fall more […]

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

Why We’re Seeing Huge Moves in Home Sales, Prices, and Rates

Brace yourself. There’s a lot to unpack this week. When it comes to factors affecting home sales, rates, and markets in general, we’ve rarely seen such a combination of complexity, uncertainty, and unpredictability.

Home Sales Shocker

After being delayed for several weeks due to the shutdown, we finally got New Home Sales numbers for November.  This isn’t the […]

By |February 1st, 2019|Blog, Home Buying, Home Selling, Mortgage Rates|0 Comments

Housing Market Weakness Depends on Perspective

This week’s biggest housing-related headline was the drop to a 3-year low in Existing Home Sales. This is just the latest in a series of reports that suggests housing has turned some sort of scary corner. But drawing the line between fear and reality can be a matter of perspective.

Has housing data actually weakened in the past year?  Undoubtedly!  […]

By |January 25th, 2019|Blog, Mortgage Rates|0 Comments

Is This The Last Chance for Low Rates?

Interest rates have enjoyed several months of prosperity without any major bounce back toward higher levels, but that might be changing as of this week. Could this be the last time we see rates this low for a while?

The answer depends on the definition of ‘a while.’  There’s always some risk that rates will rise for longer than we might […]

By |January 18th, 2019|Blog, Mortgage Rates|0 Comments

Does Housing Care About The Shutdown?

As long as we’re talking about government shutdowns that last a few weeks, past precedent is highly informative, but the longer the current shutdown continues, the more we’ll be in uncharted territory. This is especially true for the housing market.

The only relevant comparison in the past 20+ years is with the government shutdown of 2013.  Unfortunately, any interesting […]

By |January 11th, 2019|Blog, Home Buying, Mortgage Rates|0 Comments