by Jacob Lilley | Dec 14, 2018 | Blog, Mortgage Rates
Last week, we discussed a surprising spike in market volatility. Fortunately, one of the volatile moves involved interest rates dropping to their lowest levels since September. This week has been quite different. The volatility is gone. Rates have bounced modestly... by Jacob Lilley | Dec 7, 2018 | Blog, Mortgage Rates
Last week’s newsletter asked whether or not the highest interest rates of this economic cycle are behind us. At the time, this was a relatively new and bold assertion. Now, this week makes that assessment look tame by comparison. Specifically,... by Jacob Lilley | Nov 30, 2018 | Blog, Mortgage Rates
Relative to the last 2 years of pain for rates, a sense of hope has emerged, seemingly overnight, as the 10yr Treasury yield (an important benchmark for longer-term rates like mortgages) broke through a key level. 3.05% had consistently blocked the advance of falling... by Jacob Lilley | Nov 23, 2018 | Blog, Home Buying, Home Selling, Mortgage Rates
It wouldn’t be 2018 in the housing market if there wasn’t at least one report painting a gloomier picture. The National Association of Homebuilders Housing Market Index (or “builder confidence” for short) did those honors this week. Up until... by Jacob Lilley | Nov 16, 2018 | Blog, Mortgage Rates
The rapid rise in rates has been a big problem for the housing and mortgage markets this year. Just last week, some reports suggested rates were near 8 year highs. The same sources reported that rates were ‘unchanged’ this week. One might conclude...
