by Jacob Lilley | Aug 16, 2019 | Blog, Mortgage Rates
This week, the Mortgage Bankers Association (MBA) released application numbers that confirm what almost anyone in the mortgage industry could have already told you (if they could find the time and energy!) A new refi boom is underway. The refi numbers are all the... by Jacob Lilley | Aug 9, 2019 | Blog, Mortgage Rates
Market volatility has been fairly intense over the past week and a half with trade war drama taking the spotlight away from the Fed and economic data. The following chart shows the Fed announcement last Wednesday being trumped by Trump’s tariff tweets on... by Jacob Lilley | Aug 2, 2019 | Blog, Mortgage Rates
On the morning after this week’s Fed rate cut, mortgage rates were roughly unchanged versus the previous morning. This will come as a surprise to scores of consumers who mistakenly believe the Fed’s 0.25% rate cut equates to a 0.25% drop in ALL rates. The... by Jacob Lilley | Jul 26, 2019 | Blog, Home Buying, Home Selling, Mortgage Rates
Negative housing-related headlines are on the rise. Here are a few recent examples: Foreign purchases of American homes plunge 36% as Chinese buyers flee the market Another bad sign for the housing market Housing is providing another in a line of troubling signs... by Jacob Lilley | Jul 19, 2019 | Blog, Mortgage Rates
This week’s most prevalent housing market headlines were quick to mention the abrupt drop in Building Permits to the lowest levels in 2 years. Other headlines pointed out that it was the quickest move lower in more than 2 years. Both statements are true. So...
