by Jacob Lilley | Mar 29, 2019 | Blog, Mortgage Rates
Since February 28th, the average mortgage rate quote for the average lender dropped by roughly half a percentage point. That makes March 2019 the best month for rates since the Fed first announced quantitative easing (the bond buying program that targeted mortgage... by Jacob Lilley | Mar 23, 2019 | Blog, Home Buying, Home Selling, Mortgage Rates
The future is always uncertain when it comes to financial markets and interest rate movement, but there are times where a certain series of events seems more likely. For most of 2019, mid-March looked to be one of those times. The year began with a sharp move... by Jacob Lilley | Mar 15, 2019 | Blog
Mortgage rates dropped to new long term lows this week with the average lender at the best levels since January 2018. For the most part, we haven’t seen much volatility this year, but that could change soon. The absence of volatility is a factor of uncertainty,... by Jacob Lilley | Mar 8, 2019 | Blog, Mortgage Rates
Things were starting to look pretty scary for housing up until a few weeks ago. There was a chance that some of the weakness was temporary. Last week’s strong Pending Home Sales report provided some hope, but we didn’t have any other big housing reports to... by Jacob Lilley | Mar 1, 2019 | Blog, Home Selling
Two weeks ago, the newsletter discussed why 2019 could actually be great for the housing market, despite downbeat reports and the likelihood of one more month of weakness for Existing Home Sales. That weakness showed up last week, but with it came a comment from the... by Jacob Lilley | Feb 25, 2019 | Blog
The Federal Reserve (aka “the Fed”) is the US central bank that sets policies relating to the flow of money. Even though they’ll be the first to admit they don’t have perfect control of the situation, their goals are to keep employment high,... by Jacob Lilley | Feb 15, 2019 | Blog, Home Buying, Home Selling
By some measures, housing and mortgage markets took a turn for the worse in 2018. Some of the weakness can be thought of in a positive light (i.e. housing “catching its breath” after a strong run). But the rest of the weakness raised questions as to how... by Jacob Lilley | Feb 8, 2019 | Blog, Mortgage Rates
The last 2 months of 2018 marked a solid run for mortgage rates. December was particularly good, with rates falling at the fastest pace in at least at least 4 years. Balance that against the fact that early November saw the highest rates in more than 7 years!... by Jacob Lilley | Feb 1, 2019 | Blog, Home Buying, Home Selling, Mortgage Rates
Brace yourself. There’s a lot to unpack this week. When it comes to factors affecting home sales, rates, and markets in general, we’ve rarely seen such a combination of complexity, uncertainty, and unpredictability. Home Sales Shocker After being delayed... by Jacob Lilley | Jan 25, 2019 | Blog, Mortgage Rates
This week’s biggest housing-related headline was the drop to a 3-year low in Existing Home Sales. This is just the latest in a series of reports that suggests housing has turned some sort of scary corner. But drawing the line between fear and reality can be a...
