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All eyes were on the big jobs report this week. Traders were anxious to see if it would be strong enough to accelerate the timeline for key policy changes that would greatly impact rates. The bond market and indeed many homeowners remember 2013's taper tantrum all too...
Inflation is bad for interest rates and it's at the highest levels in decades. But the housing market has a far bigger problem. Actually, it's not hard for a problem to become bigger than rates right now considering we're still at levels that would have been record...
In the past 2 weeks, there's been big news about inflation and seemingly big news about Fed policy. Both are threats to low interest rates, but not just yet, apparently. After taking last week's huge inflation numbers in stride (read more...), the bond market moved...
There’s no doubt about it; Bozeman is a wonderful place to live. There’s a reason that it’s constantly listed on the “Top Places to Live” blogs. Bozeman is surrounded by beauty and mountains, there’s plenty to do, the schools have a great reputation, and it’s a town...
The 70's and 80's brought unforgettable economic lessons about inflation. Since then, certain market participants have been watching inflation like hawks, even when they didn't need to. After the start of the pandemic, the massive amount of fiscal stimulus (covid...
Once a month, the government releases the Employment Situation, also known as "the jobs report." No other piece of economic data is as consistently relevant for the bond market and, thus, interest rates. For most of the past year, the normal correlation between jobs...
This week's 6.4% reading on Q1 GDP reinforced the notion of a strong economic recovery. In turn, the recovery helps to justify the sharp move higher in rates seen during the same 3 months. Rates managed to recover quite a bit in April, but ended up rising...
This week's New Home Sales report (for the month of March) stole the show, coming in over 1 million for the first time since 2006. But although sales are up 66% year-over-year, prices have fallen in recent months and are now basically unchanged from last year. What's...
The bond market has been pointing toward higher rates since last August. Mortgage rates were able to defy that trend at first, but finally began spiking in the new year. February and March were two of the worst back-to-back months in years. The higher rates went,...
GoPrime Mortgage, Inc. is a mortgage lender. NMLS ID # 69551. Arizona Mortgage Banker License No. 0942646. Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. For licensing information, go to: www.nmlsconsumeraccess.org. Not licensed in all states.
