Mortgage Resources

With things still up in the air in terms of geopolitical risk, markets are seeking safer havens.  Most recently, this is affecting stocks a bit more than bonds. This correlated movement is in line with conventional wisdom (i.e. buy bonds, sell stocks, or vice versa). ...

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...

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...

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....

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...

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...

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...

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...

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...