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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 […]

Last Week in Review: Three Trends to Follow as Summer Begins As the unofficial start of summer began with the Memorial Day holiday, there are three trends worth following which may determine how the economy moves past the coronavirus. The reopening. Most states have begun to open up in some form. A few states have been open […]

Last Week in Review: Fed Speak Shakes Markets Home loan rates remain near historic lows and have stabilized, thanks mainly to the Federal Reserve, as the central bank continues to purchase mortgage-backed securities on a daily basis. The Fed also helped rates this past week in another way, but it may have been unintentional. Fed […]

Last Week in Review: Oversupply of Bonds and Unemployment One week after home loan rates failed to improve further in the face of multiple Bond-friendly stories, such as low inflation, high unemployment claims, and the Fed’s continued commitment to purchase Bonds, we watched home loan rates tick up this past week. Why? Oversupply. The U.S. Treasury […]