2021 hasn't been a great year for mortgage rates--at least not as far as their trajectory is concerned. But that could be changing. Even if things don't get any better from here, the past 3 weeks are collectively the best we've seen since January. Mortgage rates are...
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Who’s Lying About The Housing Market?
The housing market is heating and cooling at the same time, depending on the data in question. Who's telling the truth? Actually, maybe everyone... According to home price appreciation, the market is on fire. FHFA and Case Shiller (2 of the main home price reports...
Rates Catch a Break. Will it Last? What’s The Impact on Housing?
The biggest story for the mortgage and housing market so far in 2021 has been the big spike in mortgage rates. It has been more abrupt and covered more ground than all but the worst historical examples. That said, it was always going to happen when the covid outlook...
More Mortgage Drama–Especially For Investment and 2nd Home Loans
Most of this week's mortgage rate coverage focused on a fairly gentle increase of 3.05 to 3.09 for the average 30yr fixed. That number comes from Freddie Mac's weekly rate survey, which is one of the only games in town when it comes to capturing a broad, best case...
Highest Rates in a Year; Big Drama For Investment Property Loans
Rising rate headlines are nothing new, but there was a bit of a double whammy this week... or triple, depending on your point of view. Whammy 1: Highest Rates in a Year It's March 2021, and you'd now have to go back to March 2020 to see higher mortgage rates. It will...
Rates Rising Relentlessly, But Why? And When Will They Stop?
Interest rates can't seem to catch a break. February was one of only a handful of months in the past 2 decades that resulted in a 0.50% mortgage rate spike. Despite hopes to the contrary, March isn't off to a great start either. Paradoxically, this rate drama means...
5 Things To Do In and Around Bozeman, MT
Casual, friendly, and cool, Bozeman, Montana is a magnet to everyone and anyone seeking a renewing and relaxing day. From the great outdoors, to a lively art scene, to a rural Montana experience, this town has it all. Here are five charming and accessible things to do...
Brutal Week For Rates But There’s Hope (Hopefully)
Rising rates have been on the menu for months, but the drama kicked into a higher gear this week. Maybe you heard about this? We've certainly been discussing it in recent newsletters (especially last week's). The rising rate narrative hit the mainstream this week as...
Time to Wake Up To The New Mortgage Rate Reality
There's no precedent for the winning streak enjoyed by mortgage rates in the 2nd half of 2020. We've never seen so many new record lows in the same year, and we never spent as much time at those lows (not even close). All of the above makes it easy to get lulled into...