by Jacob Lilley | Jan 18, 2019 | Blog, Mortgage Rates
Interest rates have enjoyed several months of prosperity without any major bounce back toward higher levels, but that might be changing as of this week. Could this be the last time we see rates this low for a while? The answer depends on the definition of ‘a... by Jacob Lilley | Jan 11, 2019 | Blog, Home Buying, Mortgage Rates
As long as we’re talking about government shutdowns that last a few weeks, past precedent is highly informative, but the longer the current shutdown continues, the more we’ll be in uncharted territory. This is especially true for the housing market.... by Jacob Lilley | Jan 4, 2019 | Blog, Mortgage Rates
It was a long December for the stock market, which had its worst month since the financial crisis (in terms of % change). Meanwhile, interest rates had their best month since June 2016. The size and direction of those moves caused speculation about a big reversal at... by Jacob Lilley | Dec 28, 2018 | Blog, Mortgage Rates
2018 has been an interesting year to say the least. Stocks hit all-time highs and are now in the midst of their worst month on record in terms of outright losses. Rates hit their highest levels in at least 7 years but have fallen fairly quickly heading into the end of... by Jacob Lilley | Dec 21, 2018 | Blog, Mortgage Rates
Last week we discussed the possibility of mortgage rates continuing to fall despite the near certainty of this week’s Fed rate hike. That’s exactly what happened, but it was the move in stocks that got the most attention–not a surprising result given... by Jacob Lilley | Dec 14, 2018 | Blog, Mortgage Rates
Last week, we discussed a surprising spike in market volatility. Fortunately, one of the volatile moves involved interest rates dropping to their lowest levels since September. This week has been quite different. The volatility is gone. Rates have bounced modestly... by Jacob Lilley | Dec 7, 2018 | Blog, Mortgage Rates
Last week’s newsletter asked whether or not the highest interest rates of this economic cycle are behind us. At the time, this was a relatively new and bold assertion. Now, this week makes that assessment look tame by comparison. Specifically,... by Jacob Lilley | Nov 30, 2018 | Blog, Mortgage Rates
Relative to the last 2 years of pain for rates, a sense of hope has emerged, seemingly overnight, as the 10yr Treasury yield (an important benchmark for longer-term rates like mortgages) broke through a key level. 3.05% had consistently blocked the advance of falling... by Jacob Lilley | Nov 23, 2018 | Blog, Home Buying, Home Selling, Mortgage Rates
It wouldn’t be 2018 in the housing market if there wasn’t at least one report painting a gloomier picture. The National Association of Homebuilders Housing Market Index (or “builder confidence” for short) did those honors this week. Up until... by Jacob Lilley | Nov 16, 2018 | Blog, Mortgage Rates
The rapid rise in rates has been a big problem for the housing and mortgage markets this year. Just last week, some reports suggested rates were near 8 year highs. The same sources reported that rates were ‘unchanged’ this week. One might conclude...
