by Jacob Lilley | Apr 23, 2021 | Blog, Mortgage Rates
This week’s New Home Sales report (for the month of March) stole the show, coming in over 1 million for the first time since 2006. But although sales are up 66% year-over-year, prices have fallen in recent months and are now basically unchanged from last year.... by Jacob Lilley | Apr 16, 2021 | Blog, Mortgage Rates
The bond market has been pointing toward higher rates since last August. Mortgage rates were able to defy that trend at first, but finally began spiking in the new year. February and March were two of the worst back-to-back months in years. The higher rates went,... by Jacob Lilley | Apr 9, 2021 | Blog, Mortgage Rates
2021 hasn’t been a great year for mortgage rates–at least not as far as their trajectory is concerned. But that could be changing. Even if things don’t get any better from here, the past 3 weeks are collectively the best we’ve seen since... by Jacob Lilley | Apr 2, 2021 | Blog, Mortgage Rates
The housing market is heating and cooling at the same time, depending on the data in question. Who’s telling the truth? Actually, maybe everyone… According to home price appreciation, the market is on fire. FHFA and Case Shiller (2 of the main home price... by Jacob Lilley | Mar 26, 2021 | Blog, Mortgage Rates
The biggest story for the mortgage and housing market so far in 2021 has been the big spike in mortgage rates. It has been more abrupt and covered more ground than all but the worst historical examples. That said, it was always going to happen when the covid outlook...
