Latest News

Last Week in Review: Fed Pushes Everything Higher, Except Rates “We’re not even thinking about thinking about thinking about raising rates.” — Fed Chairman Jerome Powell, August, 2020 This recent quote by Fed Chair Powell says it all. Coronavirus has caused the largest shock to the U.S. economy in living memory. Second Quarter GDP declined at […]

Last Week in Review: The Good, The Bad, The Ugly The path of the economy will depend significantly on the course of the virus.” — Fed Monetary Policy Statement, July 29, 2020 The Good: This past week, home loan rates hovered at all-time lows in response to uncertainty surrounding the economic impact of COVID-19 and the […]

Last Week in Review: Stocks and Bonds are Getting Along, for Now This past week, Freddie Mac reported the average 30-year mortgage is at an all-time low of 3.01% At the same time, the NASDAQ and Stocks overall are hovering right near all-time highs. Typically, when Stocks move higher, so do rates. Not this time […]

Last Week in Review: Home Builders and Homebuyers Feeling Really Good This past week, the National Association of Home Builders (NAHB) reported that their Sentiment Index for June rose sharply to 72, thereby lifting the index to exactly where it was in March, prior to COVID-19. Within the report there were sharp increases in the […]

Last Week in Review: Low Rates Plus Buying Demand Equals Good News This past week, Freddie Mac reported mortgage rates hit an all-time low of 3.03%. What is most impressive with the improvement in mortgage-backed security prices and rates, is it happened as Stocks enjoyed nice gains, with the NASDAQ hitting all-time record highs. Typically, when […]

Last Week in Review: Three Things to Follow This Summer Home loan rates continue to hover at historic lows, presenting an incredible opportunity for existing and future homeowners. Will rates move another leg lower or is this the bottom? Stocks had a rough week. What’s next for them?   There are 3 things to track […]

Last Week in Review: Fear Versus Hope Driving the Markets Again This past week, Freddie Mac reported mortgage rates hit the lowest in U.S. history — 3.13%. The improvement in rates is a direct result of jobs returning, lowering the risk of mortgage default, coupled with increased competition forcing the industry to “sharpen” pricing. What happens […]

Last Week in Review: Fed says Zero – Rates Improve About every six weeks the Federal Reserve meets and decides whether to make potential changes to the Fed Funds Rate, an overnight lending rate. They also release their Monetary Policy Statement which includes the reasoning for their action or inaction. This past week, it was Fed […]

Last Week in Review: Four Reasons Why Rates are on the Rise This Week This past week, home loan rates ticked a bit higher from their best levels in U.S. history. More importantly, this increase in rates may be the start of a trend in higher rates. Here’s four reasons why rates rose and why they […]

Last Week in Review: All-Time Low Home Loan Rates This past week, Freddie Mac reported the 30-year home loan rate hit an average all-time low of 3.15%. As the unofficial start of summer has begun and states continue to reopen, this is welcome news, but there is even more to the story. Refinance activity remains elevated […]