Here is exactly what yesterday’s Fed rate cut did to mortgage rates: ABSOLUTELY NOTHING! No Fed rate cut (or hike) will EVER do ANYTHING directly to…
Home Refinancing is Easy
One of the greatest potential sources of confusion for prospective mortgage borrowers is the relationship between the Fed and mortgage rates. While the Fed’s policy…
I had the distinct honor and pleasure of speaking with the members of the Greater Des Moines Committee on Foreign Relations this past Tuesday around…
Mortgage rates have risen rather abruptly from their long term lows 2 weeks ago and are now at the highest levels in more than a month. …
Mortgage rates closed out their worst week since 2016 on Friday as the bond market underwent a classic correction after its best month since 2011. The…
Mortgage rates were already having their worst week since 2016 as of yesterday afternoon. Rather than help to heal some of the damage, today’s bond market…
Mortgage rates didn’t have a great day today, moving even higher from what were already the worst levels in a month as of yesterday afternoon. In…
One of the criticisms that the U.S. Global Engagement project has received over the past year is the assessment that we are assigning too much…
Mortgage rates were roughly unchanged today for the average lender as underlying bond markets finally calmed down. Over the past few days, bond yields have been…
Mortgage rates moved higher today at the fastest pace in several months today. The underlying bond market (which dictates rates) was merely hinting at a corrective…