Financial markets went on a fairly wild ride last week as downbeat manufacturing data combined with geopolitical news to lead a reversal in stocks and bonds. The current week brought just as much volatility by Thursday, but Friday took everyone…
Two key home sales reports came out this week. Both were weaker than expected. But that doesn't mean the housing market is weakening. In fact, the housing market is doing rather well, all things considered. I'm not here to make…
Last week saw an unexpected drop in rates as trade war headlines rocked financial markets. Things looked set to calm down this week, but the drama continued. This time around, mortgage rates were able to keep slightly better pace with…
10yr Treasury yields are widely thought to dictate mortgage rate movement. This week's trade war headlines caused plenty of volatility and a general decline in Treasury yields, but mortgage rates had a hard time keeping up. Before we get to…
It was an action-packed week for financial markets. Earnings were in full swing. There was a ton of economic data to digest. And of course, there was the Fed announcement and press conference to cause volatility from Wednesday afternoon on.…
To understand what's at stake in the week ahead, we need to understand where we are and where we've been. With that in mind, here's a quick recap of the past year or so in global macroeconomics. Rates were near…
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…
Mortgage rates dropped to new long term lows this week with the average lender at the best levels since January 2018. For the most part, we haven't seen much volatility this year, but that could change soon. The absence of…
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…
Two weeks ago, the newsletter discussed why 2019 could actually be great for the housing market, despite downbeat reports and the likelihood of one more month of weakness for Existing Home Sales. That weakness showed up last week, but with it came a…
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