by Jacob Lilley | Jan 17, 2020 | Blog, Mortgage Rates
The last housing boom didn’t end so well for many Americans. That “B” word is being thrown around again at the start of 2020, but things are very different this time around. Why are people saying housing is booming? Due to a combination of rising... by Jacob Lilley | Jan 13, 2020 | Blog, Mortgage Rates
Things are looking up for the housing market at the start of the new year. Granted, some of the following data pertains to the last few months of 2019, but it nonetheless speaks to a friendly shift that is arguably already well underway. Fannie Mae’s Home... by Jacob Lilley | Jan 7, 2020 | Blog, Mortgage Rates
Everything’s relative when it comes to mortgage rates. For every homeowner that’s been concerned about a short-term increase in rates, there’s another who’s glad to remind them how high rates used to be. At the moment, with top tier 30yr fixed... by Jacob Lilley | Dec 20, 2019 | Blog, Mortgage Rates
It’s effectively impossible to read, watch, or listen to the news this week without the impeachment taking center stage. While this sort of thing may be interesting to network news producers, it’s of almost no consequence to financial markets–let... by Jacob Lilley | Dec 13, 2019 | Blog, Mortgage Rates
Last week, we talked about the many reasons that the importance of the US/China trade relationship could not be overstated. This week’s market movement showed why. With new tariffs set to take effect on Sunday, Dec 15th, we knew big news became more and more... by Jacob Lilley | Dec 6, 2019 | Blog, Mortgage Rates
Certain years gain notoriety in financial markets for various reasons. Sometimes these are massive, individual reasons like 2013, the year of the taper tantrum. Sometimes there are separate themes that pull the market in opposite directions like 2016’s Brexit... by Jacob Lilley | Nov 22, 2019 | Blog, Mortgage Rates
Financial markets remain transfixed by seemingly insignificant updates relating to US/China trade negotiations. For those who follow markets closely, this can be exasperating at times, but it’s happening for a good reason. If we only look at shorter-term market... by Jacob Lilley | Nov 15, 2019 | Blog
The past 2 weeks have been fairly exciting in terms of interest rate volatility. This is the perfect environment for seemingly authoritative sources to get it dead wrong when it comes to telling you how rates are moving. Without naming names, let’s just say some... by Jacob Lilley | Nov 8, 2019 | Blog, Mortgage Rates
Last week, we discussed a fairly quick move toward LOWER rates. One short week later and we’re forced to discuss an even more abrupt move back toward HIGHER rates. By Friday, the average mortgage lender was quoting the highest rates in more than 3 months, and... by Jacob Lilley | Nov 1, 2019 | Blog, Mortgage Rates
I’ve gone out of my way on several occasions to explain why mortgage rates are not directly affected by Fed rate cuts. Now this week, the Fed cut its rate and mortgage rates dropped abruptly the very next day. Is it time to revisit this logic? Not even a little...
