Markets continue to focus on coronavirus numbers first and foremost. When the news is good, we tend to see stocks and rates move higher. When the news is bad, rates tend to fall and stocks struggle to improve. The movement is usually more pronounced for stocks. ...
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Mortgage Market Ridiculously Good or Just Ridiculous?
It should no longer come as a surprise that the pandemic continues to create never-before-seen circumstances in all corners of society. Here in the housing and mortgage markets, one of the first major manifestations of the crisis was a quick move to incredibly low...
Huge Housing Rebound, All-Time Low Rates, But At What Cost?
This week's economic data included the biggest-ever gain in Pending Home Sales, a leading indicator for the housing market. Meanwhile, mortgage rates pushed down to new all-time lows yet again. But at what cost? The most pessimistic way to explain the surge in home...
Rates Are Headed Higher… Eventually
The fates of the economy, the housing market, and interest rates remain closely intertwined with coronavirus. The pandemic is clearly responsible for the record-setting drop in economic activity (including the housing market). And it has clearly been the key source...
The Great Debate for Rates, Housing, and Markets
Coronavirus hit markets with unprecedented force in March. Stock prices and bond yields sank. When the outlook grew less dire, markets began moving back in the other direction. As quarantine measures ease, fear surrounding a second wave of COVID-19 is pushing...
Just When You Thought They Were Gone, All-Time Low Rates Are Back
Mortgage rates plunged well into new all-time lows this week, which is a striking turn of events given the vastly different outlook at the end of last week. Specifically, a series of strong economic reports led to significant losses in the bond market (bond losses =...
Are All-Time Low Mortgage Rates Behind Us Now?
Things are quickly getting interesting for mortgage rates, and by 'interesting,' I mean potentially alarming. Everything's relative though, so it should be said right up front that the average mortgage rate is still only a hop and a skip from the all-time lows seen...
Mixed Signals About Housing and Economic Recovery
Coronavirus made for record-shattering movement in financial markets and economic data. With lockdowns ending, investors are eager to see improvements. Instead, they're finding plenty of mixed signals. One of the most basic examples would be the relationship between...
The Sun Also Rises For Housing and Mortgage Markets
There's no shortage of bad news when it comes to the economy and the housing market. But that's no surprise considering the circumstances. The sheer size and speed of the economic contraction makes it easy to worry about what the future will look like. Has...