You’ve heard of time healing all wounds, but what about low rates healing the mortgage and housing markets? It’s not that either was particularly distressed, but both have benefited in a major way from the recent drop in rates. Just as important as the drop itself has been rates’ ability to HOLD at or near long-term lows for 2 full […]
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. […]
It was a complex week in the world of mortgage rates and housing markets. Complexity often creates inconsistent news coverage. At best, most of the coverage fell short. At worst, some of it was downright wrong. Let’s clear things up!
Last week’s newsletter covered the surge to the highest interest rates in roughly 7 years. To be sure, this […]