Taking out a mortgage can feel like a big leap, especially if it is your first time buying property in Montana. Your hard-earned money is at stake, so you want to make the best choices for your finances and future. That’s where we come in. At GoPrime Mortgage Lending,...
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Highest Inflation Since The 80s
There were 3 distinct parts to this week. The first part consisted of the entirety of the first 3 days. Rates didn't move much as the market continued to digest the big spike seen at the end of last week. In part 2, things got crazy--relatively. The week's biggest...
Mortgage Rates Leap Toward 4.0% After Jobs Report Shocker
Rates have been trending higher in fits and starts since August 2020, but the mortgage market was insulated from much of the pain due to its disconnect from Treasuries in 2020 (they typically correlate very well). In fact, mortgage rates were falling throughout the...
Is The Fed Going to Kill The Economy?
January has been a month marked by the market's adjustment to a shift in the Fed policy outlook. This began right at the outset and resulted in higher rates and lower stock prices. Why? Last week's newsletter goes into great detail on the matter. Revisit it HERE....
Making Sense of Rising Rates And The Risks Ahead
The bond market returned from a 3 day weekend to find yields surging higher on Tuesday. That pushed mortgage rates to fresh 2 year highs and added emphasis to what has already been the sharpest rate spike since late 2016. Why are rates rising so quickly? Mortgage...
Fed May Be Hiking in March, But Higher Rates Are Here Today
In the past 2 weeks, press coverage of the Federal Reserve's policy outlook has ramped up significantly. The Fed is now expected to start hiking rates in March and to hike more than previously expected in 2022. If you think that gives you time to get a mortgage before...
Highest Mortgage Rates in Nearly 2 Years
Seemingly overnight, the mortgage rate narrative has changed rather drastically, at least in relative terms. While rates had risen gradually from near-all-time lows in August, they were still in a historically low range by the end of December. A week later and we're...
Introducing The “Not So Fast” Line
Sure, we could write a headline that attempts to distill the concept of a big picture struggle between the forces exerting upward pressure on rates and those stepping in to push back in the other direction. Or we could just introduce the "not so fast" line, and let a...
Volatility Has Been High, But Next Week Could Be Worse
Financial market volatility increased noticeably after the emergence of the omicron variant. Last week, that proved to be good for rates and bad for stocks. This week was a different story. While the collective view of omicron remains cautious, several high profile...