To understand what's at stake in the week ahead, we need to understand where we are and where we've been. With that in mind, here's a quick recap of the past year or so in global macroeconomics. Rates were near long-term highs in the first part of 2018 following the...
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Did Rates Get Too Good To Last?
It's never fun when this weekly newsletter has back to back headlines concerning rates moving higher, but facts are facts. The average lender is back in line with the highest levels since March 20th. What went wrong and are there any silver linings? At the simplest...
After Massive Response Last Week, Are Low Rates Already Gone?
While interest rates are always a topic of conversation in the housing and mortgage markets, everyone was talking about them last week. That tends to happen when the average 30yr fixed rate threatens to break into the high 3% range after a long absence. But just as...
Best Month in a Decade For Mortgage Rates!
Since February 28th, the average mortgage rate quote for the average lender dropped by roughly half a percentage point. That makes March 2019 the best month for rates since the Fed first announced quantitative easing (the bond buying program that targeted mortgage...
Rates Dropping Fast as Home Sales Bounce Back
The future is always uncertain when it comes to financial markets and interest rate movement, but there are times where a certain series of events seems more likely. For most of 2019, mid-March looked to be one of those times. The year began with a sharp move...
Housing Pops; Rates Drop
Things were starting to look pretty scary for housing up until a few weeks ago. There was a chance that some of the weakness was temporary. Last week's strong Pending Home Sales report provided some hope, but we didn't have any other big housing reports to validate...
Lowest Rates in a Year, And They Could Go Even Lower. What Changed?
The last 2 months of 2018 marked a solid run for mortgage rates. December was particularly good, with rates falling at the fastest pace in at least at least 4 years. Balance that against the fact that early November saw the highest rates in more than 7 years! It's not...
Why We’re Seeing Huge Moves in Home Sales, Prices, and Rates
Brace yourself. There's a lot to unpack this week. When it comes to factors affecting home sales, rates, and markets in general, we've rarely seen such a combination of complexity, uncertainty, and unpredictability. Home Sales Shocker After being delayed for several...
Housing Market Weakness Depends on Perspective
This week's biggest housing-related headline was the drop to a 3-year low in Existing Home Sales. This is just the latest in a series of reports that suggests housing has turned some sort of scary corner. But drawing the line between fear and reality can be a matter...