Mortgage Resources

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...

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...

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...

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...

There's an obvious trend toward higher rates as far as Treasury yields are concerned.  This goes all the way back to August.   Treasury yields and mortgage rates historically correlate quite well. But mortgage rates have almost completely ignored that correlation...

Economic data is traditionally one of the key contributors to interest rate movement. Of the regularly-scheduled reports, none has more market-moving street cred than The Employment Situation--otherwise known as "the jobs report" or simply NFP (due to its headline...

After spiking in early January, interest rates returned to near-all-time-low levels by the middle of the week.  By the end, however, the market began to flash a warning about more volatility ahead. The warning is fairly simple.  It has to do with a pattern that's...

While it wasn't quite the biggest surprise of 2020, the strength of the housing market was one of the best. The just-released numbers for December keep the good times rolling. Leading the charge was December's Existing Home Sales report from the National Association...

It was easy to get lulled into complacency by the second half of 2020 when it came to mortgage rates. Even as other indicators said rates should be rising, they continued on a calm journey to multiple record lows. 2021 has been very different so far! Covid and its...