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Things are changing rapidly in the mortgage market. Almost overnight, loan programs have disappeared, interest rates are all over the place, and more than a few lenders are closed for business indefinitely. All this despite the Federal Reserve buying more than $100...
There's been no shortage of crazy weeks in the mortgage market lately, and this one was not to be outdone. By the end, the prices of the bonds that normally determine mortgage rates surged well into record highs. That would normally suggest the lowest mortgage rates...
Last week was the wildest in the history of the mortgage market. This week was wilder. It ended with a one-of-a-kind show of force from the Federal Reserve. This wasn't necessarily destined to be the case, but things changed dramatically on Wednesday. By then,...
The headline makes a lofty claim, but let's put doubt to rest with 3 facts right up front. Mortgage rates were at all time lows on Monday Morning for most lenders By Friday, rates had risen as fast as they've ever risen in one week By Friday, the gap between mortgages...
A Message from Caroline Roy: "Here's a great article breaking down just want the FED reduction means for you, as a consumer of mortgage rates. Please read and share! Thanks!" There are a lot of words here. If you have a mortgage you might ever refinance (and...
Coronavirus has brought chaos to financial markets like few other things have. Much of the fallout is unprecedented. This is especially true for interest rates and the mortgage market. In many ways, things are more chaotic now than they were in 2008. That has...
It's no secret that the stock market has plummeted this week and only slightly less of a secret that the 10yr Treasury yield has dropped well into new all-time lows (on 4 straight days, in fact). Given that mortgage rates are often discussed in the context of the...
Another week ending with the lowest rates in more than 3 years will mean another week with the highest levels of refinance demand in more than 3 years. In fact, refi demand is now as high as it's been since 2013, even though rates haven't yet moved below 2016's lows....
Low-interest rates have been one of 2020's most pleasant surprises. Heading into the end of 2019, there were more than a few reasons to worry that rates would be moving steadily higher this year. The upside is that they would at least be starting that journey near...
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.
