by Jacob Lilley | Aug 7, 2020 | Blog, Mortgage Rates
Years from now when scientists examine mortgage rates in July 2020, they’d be forgiven for coming to the conclusion that rates only ever move lower. As we’ve learned in the first week of August, rates also rise. To be fair, there were a few days in July... by Jacob Lilley | Jul 31, 2020 | Blog, Mortgage Rates
Mortgage rates have fallen more aggressively than ever and they’ve been remarkably willing to set record after record. So is there any reason you shouldn’t wait for them to go even lower? This is an age old question any time rates fall to long-term lows. ... by Jacob Lilley | Jul 25, 2020 | Blog, Mortgage Rates
The bond market saw yet another week with rates in a holding pattern at historic lows. With coronavirus being the primary motivation for rates, it wouldn’t be a surprise to see indecision continue until we get a clearer idea of how things will shake out with... by Jacob Lilley | Jul 17, 2020 | Blog, Mortgage Rates
Markets continue to focus on coronavirus numbers first and foremost. When the news is good, we tend to see stocks and rates move higher. When the news is bad, rates tend to fall and stocks struggle to improve. The movement is usually more pronounced for stocks. ... by Jacob Lilley | Jul 10, 2020 | Blog, Mortgage Rates
It should no longer come as a surprise that the pandemic continues to create never-before-seen circumstances in all corners of society. Here in the housing and mortgage markets, one of the first major manifestations of the crisis was a quick move to incredibly low... by Jacob Lilley | Jul 3, 2020 | Blog, Mortgage Rates
This week’s economic data included the biggest-ever gain in Pending Home Sales, a leading indicator for the housing market. Meanwhile, mortgage rates pushed down to new all-time lows yet again. But at what cost? The most pessimistic way to explain the surge in... by Jacob Lilley | Jun 26, 2020 | Blog, Mortgage Rates
The fates of the economy, the housing market, and interest rates remain closely intertwined with coronavirus. The pandemic is clearly responsible for the record-setting drop in economic activity (including the housing market). And it has clearly been the key source... by Jacob Lilley | Jun 19, 2020 | Blog, Mortgage Rates
Coronavirus hit markets with unprecedented force in March. Stock prices and bond yields sank. When the outlook grew less dire, markets began moving back in the other direction. As quarantine measures ease, fear surrounding a second wave of COVID-19 is pushing... by Jacob Lilley | Jun 12, 2020 | Blog, Mortgage Rates
Mortgage rates plunged well into new all-time lows this week, which is a striking turn of events given the vastly different outlook at the end of last week. Specifically, a series of strong economic reports led to significant losses in the bond market (bond losses =... by Jacob Lilley | Jun 5, 2020 | Blog, Mortgage Rates
Things are quickly getting interesting for mortgage rates, and by ‘interesting,’ I mean potentially alarming. Everything’s relative though, so it should be said right up front that the average mortgage rate is still only a hop and a skip from the...
