by Jacob Lilley | Oct 1, 2021 | Blog, Mortgage Rates
The conforming loan limit is set by the Federal Housing Finance Agency (FHFA). Mortgages under that amount generally have the lowest effective rates, and in some cases are easier to qualify for. With prices appreciating rapidly in the past year, a big increase in the... by Jacob Lilley | Sep 24, 2021 | Blog, Mortgage Rates
As recently as Thursday, news outlets were reporting mortgage rates had only risen modestly this week with 30yr fixed rates still well under 3.00%. In fact, they were already well over 3.00% by then. So who’s lying to you? Perhaps no one! Thursday’s... by Jacob Lilley | Sep 17, 2021 | Blog, Mortgage Rates
Mortgage rates ended the week at the highest levels in roughly 2 months as investors moved to the sidelines ahead of next week’s Fed announcement. In other words, investors sold bonds (among other things) and in the bond market, selling pressure means lower... by Jacob Lilley | Sep 10, 2021 | Blog, Mortgage Rates
Rates are dictated by the bond market and bonds are flashing a warning sign about volatility on the horizon. In other words, rates look like they’re ready to make a bigger move in the near future, for better or worse. This isn’t readily apparent at first... by Jacob Lilley | Sep 3, 2021 | Blog, Home Buying, Home Selling, Mortgage Rates
It was a busy week for economic data with several reports that were pertinent to the housing market. In addition to being the perennial top dog among economic reports, this Friday’s jobs report was especially important due to its role in the Federal...
