by Jacob Lilley | Oct 1, 2021 | Blog, Mortgage Rates
The conforming loan limit is set by the Federal Housing Finance Agency (FHFA). Mortgages under that amount generally have the lowest effective rates, and in some cases are easier to qualify for. With prices appreciating rapidly in the past year, a big increase in the... by Jacob Lilley | Sep 24, 2021 | Blog, Mortgage Rates
As recently as Thursday, news outlets were reporting mortgage rates had only risen modestly this week with 30yr fixed rates still well under 3.00%. In fact, they were already well over 3.00% by then. So who’s lying to you? Perhaps no one! Thursday’s... by Jacob Lilley | Sep 17, 2021 | Blog, Mortgage Rates
Mortgage rates ended the week at the highest levels in roughly 2 months as investors moved to the sidelines ahead of next week’s Fed announcement. In other words, investors sold bonds (among other things) and in the bond market, selling pressure means lower... by Jacob Lilley | Sep 10, 2021 | Blog, Mortgage Rates
Rates are dictated by the bond market and bonds are flashing a warning sign about volatility on the horizon. In other words, rates look like they’re ready to make a bigger move in the near future, for better or worse. This isn’t readily apparent at first... by Jacob Lilley | Sep 3, 2021 | Blog, Home Buying, Home Selling, Mortgage Rates
It was a busy week for economic data with several reports that were pertinent to the housing market. In addition to being the perennial top dog among economic reports, this Friday’s jobs report was especially important due to its role in the Federal... by Jacob Lilley | Aug 20, 2021 | Blog, Mortgage Rates
Rates are on hold until the next chapter is written in the complex saga of covid versus the market. This isn’t to say rates perfectly flat–simply that the prevailing momentum has been sideways for the past few weeks. Since mortgage rates only change once... by Jacob Lilley | Aug 19, 2021 | Blog, Home Buying
Livingston, Montana is much more than a town 30 minutes away from Bozeman. It’s a rich community full of history and culture. Located at the base of the Paradise Valley, Livingston is surrounded by gorgeous mountain landscapes and offers endless options for those... by Jacob Lilley | Aug 13, 2021 | Blog, Mortgage Rates
Mortgage rates bounced at 6 month lows early last week and moved higher at a faster-than-normal pace through the middle of this week. They’ve been slow to recover, but Friday went a long way toward solidifying the short-term ceiling. Economic data inspired the... by Jacob Lilley | Aug 6, 2021 | Blog, Mortgage Rates
As recently as Thursday, August 6th, the average mortgage rate headline proclaimed the lowest rates in 6 months. That wasn’t true on Thursday, and it’s even less true today. Were the other headlines lying? No, not intentionally. The source of the... by Jacob Lilley | Jul 30, 2021 | Blog, Mortgage Rates
The Federal Reserve (aka “the Fed”) released its latest policy announcement this week without making any changes to existing policies or rates. The Fed doesn’t directly control mortgage rates, but Fed policies–and even the verbiage of the...
