by Jacob Lilley | Jun 14, 2019 | Blog
Summer is on its way here in Bozeman. For most of us that means a lot of fishing, biking, and hiking is also on its way. Most folks know of the great fishing around us, whether it’s the three forks of the Missouri to our west or the Yellowstone to our east. Maybe not... by Jacob Lilley | Jun 14, 2019 | Blog, Mortgage Rates, Refinancing
You’ve heard of time healing all wounds, but what about low rates healing the mortgage and housing markets? It’s not that either was particularly distressed, but both have benefited in a major way from the recent drop in rates. Just as important as the... by Jacob Lilley | Jun 7, 2019 | Blog, Mortgage Rates
There are refi booms and then there are refi booms! Numbers were never higher than they were during several weeks in 2009 and they were never “extremely elevated for nearly 2 years” like they were from August 2011 through May 2013. It would take some doing... by Jacob Lilley | May 31, 2019 | Blog, Mortgage Rates
Financial markets went on a fairly wild ride last week as downbeat manufacturing data combined with geopolitical news to lead a reversal in stocks and bonds. The current week brought just as much volatility by Thursday, but Friday took everyone by surprise–at... by Jacob Lilley | May 20, 2019 | Blog, Mortgage Rates
Last week saw an unexpected drop in rates as trade war headlines rocked financial markets. Things looked set to calm down this week, but the drama continued. This time around, mortgage rates were able to keep slightly better pace with the broader bond market. The... by Jacob Lilley | May 10, 2019 | Blog, Mortgage Rates
10yr Treasury yields are widely thought to dictate mortgage rate movement. This week’s trade war headlines caused plenty of volatility and a general decline in Treasury yields, but mortgage rates had a hard time keeping up. Before we get to the finer points of... by Jacob Lilley | May 3, 2019 | Blog, Home Buying, Home Selling
It was an action-packed week for financial markets. Earnings were in full swing. There was a ton of economic data to digest. And of course, there was the Fed announcement and press conference to cause volatility from Wednesday afternoon on. But one of the most... by Jacob Lilley | Apr 26, 2019 | Blog, Mortgage Rates
To understand what’s at stake in the week ahead, we need to understand where we are and where we’ve been. With that in mind, here’s a quick recap of the past year or so in global macroeconomics. Rates were near long-term highs in the first part of... by Jacob Lilley | Apr 12, 2019 | Blog, Mortgage Rates
It’s never fun when this weekly newsletter has back to back headlines concerning rates moving higher, but facts are facts. The average lender is back in line with the highest levels since March 20th. What went wrong and are there any silver linings? At the... by Jacob Lilley | Apr 5, 2019 | Blog, Mortgage Rates
While interest rates are always a topic of conversation in the housing and mortgage markets, everyone was talking about them last week. That tends to happen when the average 30yr fixed rate threatens to break into the high 3% range after a long absence. But just as...
