🎉 Happy New Year! 🥳Rates Rates are a smidge higher than last week's average. Nothing to be too worried over, yet. Important notes for understanding and using this information: Any site/chart that advertises rates (like the above) is showing a national average...

Rates 🎉 Happy New Year! Markets close early Tuesday and reopen Thursday. We woke up to a nice rally today. As of now, mortgage bonds are up 36bps, the equivalent of about .125-.25% improvement in rate. The consensus is that the large swings last week and this week...

🎄 Markets close early Tuesday and reopen Thursday. Happy holidays! 🎄Rates Rates are up after last week's Fed meeting: Important notes for understanding and using this information: Any site/chart that advertises rates (like the above) is showing a national average...

Rates As of Monday morning, rates are up a tick from Friday’s closing: Important notes for understanding and using this information: Any site/chart that advertises rates (like the above) is showing a national average for one very specific loan scenario, as reported...

Mortgage rates bounced hard off the long term lows back in September and had jumped almost a full percent by last week.

Mortgage rates spent the entire month of October moving higher at a fairly quick pace. Some of that had to do with stronger economic data, but at least as much had to do with the bond market (bonds dictate rates) adjusting to election probabilities.

This newsletter strictly avoids politics except in cases where the political realm legitimately intersects with relevant events for housing and rates. Now is clearly one of those times. The discussion that follows contains no opinion or partisan leaning.

Last week's newsletter warned that it was time to start thinking about incredibly high volatility potential due to events in the first few days of November. But as far as interest rates are concerned, the volatility is already here. Rates jumped sharply higher to...

This newsletter series spent 3 straight weeks trying to remind readers that mortgage rates could go higher after the Fed rate cut, and then several more weeks warning about the high stakes jobs report.  We had no way of knowing how the future would play out then,...