Last week, trial results from Pfizer’s covid vaccine sent shockwaves through financial markets. Stock prices and bond yields both moved decisively higher. In general, higher…
Home Refinancing is Easy
Rarely does the month of November offer so much activity for the housing and mortgage markets, but it always offers an updated conforming loan limit. This…
Earlier in the month, mortgage rates rose somewhat abruptly as lenders got in a defensive position ahead of the election. They’d learned in 2016 just…
Mortgage rate movement had been very calm relatively resilient compared to the broader bond market. In other words, mortgages have been doing better than US…
Last week ultimately ended up being great for mortgage rates, but only after a somewhat abrupt increase heading into the election. On Tuesday, the average…
Heading into the presidential election, there were significant risks for mortgage rates and a wide range of potential outcomes. We knew there would be volatility…
Any discussion of “all-time low” mortgage rates requires careful attention to specifics. Are we talking about weekly survey numbers or actual daily numbers? Intraday vs…
Yesterday, we discussed the fact that many mortgage lenders got defensive ahead of election night uncertainty. In the mortgage world, when lenders get defensive, it…
It’s no secret that there was a massive market reaction to the 2016 election. Even though markets don’t expect the range of potential outcomes to…
Mortgage rates move higher and lower all the time, but truly massive moves tend to arrive with many months (if not years) in between. The…