by Jacob Lilley | Mar 20, 2020 | Blog, Mortgage Rates
Last week was the wildest in the history of the mortgage market. This week was wilder. It ended with a one-of-a-kind show of force from the Federal Reserve. This wasn’t necessarily destined to be the case, but things changed dramatically on Wednesday. By... by Jacob Lilley | Mar 17, 2020 | Blog, Mortgage Rates
The headline makes a lofty claim, but let’s put doubt to rest with 3 facts right up front. Mortgage rates were at all time lows on Monday Morning for most lenders By Friday, rates had risen as fast as they’ve ever risen in one week By Friday, the gap... by Jacob Lilley | Mar 17, 2020 | Mortgage Rates
A Message from Caroline Roy: “Here’s a great article breaking down just want the FED reduction means for you, as a consumer of mortgage rates. Please read and share! Thanks!” There are a lot of words here. If you have a mortgage you might ever... by Jacob Lilley | Mar 6, 2020 | Blog, Mortgage Rates
Coronavirus has brought chaos to financial markets like few other things have. Much of the fallout is unprecedented. This is especially true for interest rates and the mortgage market. In many ways, things are more chaotic now than they were in 2008. That has... by Jacob Lilley | Feb 28, 2020 | Blog, Mortgage Rates
It’s no secret that the stock market has plummeted this week and only slightly less of a secret that the 10yr Treasury yield has dropped well into new all-time lows (on 4 straight days, in fact). Given that mortgage rates are often discussed in the context of... by Jacob Lilley | Feb 21, 2020 | Blog, Mortgage Rates
Another week ending with the lowest rates in more than 3 years will mean another week with the highest levels of refinance demand in more than 3 years. In fact, refi demand is now as high as it’s been since 2013, even though rates haven’t yet moved below... by Jacob Lilley | Feb 14, 2020 | Blog, Mortgage Rates
Low-interest rates have been one of 2020’s most pleasant surprises. Heading into the end of 2019, there were more than a few reasons to worry that rates would be moving steadily higher this year. The upside is that they would at least be starting that journey... by Jacob Lilley | Feb 7, 2020 | Blog, Mortgage Rates
As interest rates moved in an ever-narrower pattern in the 2nd half of 2019, we looked to early 2020 to break that cycle, for better or worse. So far, 2020 has delivered on the promise of increased volatility, but not for the reasons anyone expected. There was a far... by Jacob Lilley | Jan 31, 2020 | Blog, Mortgage Rates
By Friday of last week, it was clear that the coronavirus outbreak was having a significant impact on markets with stocks and bond yields (aka interest rates) both moving lower. Those same themes intensified this week, ultimately paving the way for the lowest mortgage... by Jacob Lilley | Jan 24, 2020 | Blog, Mortgage Rates
Although there were a few caveats, last week saw one of the biggest jumps in new home construction in more than decade. Now this week’s data shows existing home sales at their highest in nearly 2 years, and close to highest in more than a decade. Is housing...
