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…
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…
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…
The Federal Reserve (aka "the Fed") is the US central bank that sets policies relating to the flow of money. Even though they'll be the first to admit they don't have perfect control of the situation, their goals are to…
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…
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