Mortgage Resources

Once a month, the government releases the Employment Situation, also known as "the jobs report."  No other piece of economic data is as consistently relevant for the bond market and, thus, interest rates.  For most of the past year, the normal correlation between jobs...

This week's 6.4% reading on Q1 GDP reinforced the notion of a strong economic recovery. In turn, the recovery helps to justify the sharp move higher in rates seen during the same 3 months. Rates managed to recover quite a bit in April, but ended up rising...

This week's New Home Sales report (for the month of March) stole the show, coming in over 1 million for the first time since 2006. But although sales are up 66% year-over-year, prices have fallen in recent months and are now basically unchanged from last year. What's...

The bond market has been pointing toward higher rates since last August.  Mortgage rates were able to defy that trend at first, but finally began spiking in the new year.  February and March were two of the worst back-to-back months in years. The higher rates went,...