Man, do we have a lot to be angry about! The Iran war pushed up oil prices, inflation, and rates – putting a massive damper on our springtime real estate boom. Excess regulations make every...
It was an amazing thing to behold! I watched the 10-year Treasury yield fall almost 15 basis points or 0.15% (a huge drop) very quickly when the ceasefire was announced yesterday. I also watched oil...
Uh oh… There is a real risk we could see 8%+ mortgage rates over the next few months. Economist Steve Hanke is on the warpath, sharing post after post about the enormity of the threats to the...
Oil prices – which have been sparking inflation fears and driving rates higher – rose again over the weekend. But rates fell sharply today in the face of rising oil prices. Rates fell because the...
Economies can’t handle interest rate shocks (the mortgage industry is a case in point), and the repercussions put politicians in deep peril. So, it is a certainty that nobody is freaking out...
President Trump was panicking last night. Guaranteed. Sheer panic. This is because, in what was the most interesting weekend in finance in the last 18 years, there were two forces that brought Mr....
When I want to know how the Iran war is going, I don’t check CNN (“We’re getting crushed! WWIII Is Here! Trump eats babies!”), and I never check Fox (“We’re kicking ass and taking names!...
Today is “Fed Day” – when the Fed announces whether or not it will cut rates. And – given that PPI (Producer Price Inflation) came in hotter than expected today, the Fed will very likely not...
Prior to the Iran war, the average mortgage rate was 5.99%. Today’s average is closer to 6.4%, and our brief purchase-and-refi boomlet has come to a screeching halt. Rates shot up so quickly...
Laura Ingalls Wilder (of Little House on the Prairie fame) moved SEVEN times when she was a little girl in the 1870s (from Wisconsin to Missouri to Kansas to Wisconsin to Minnesota to South...
“What’s good for General Motors is good for America!” That is a slight bastardization of a quote famously uttered by GM’s CEO in 1953 – and he was largely right. What is ironic,...
NOTE: Rates have been rising again on more oil market news. My Marketing Director, however, told me that I can’t blog about “the stupid oil markets” again. 😊 So, suffice it to say that...
All hell broke loose in the financial markets yesterday – in what had to be one of the most interesting weekends ever. First of all, WTI (oil prices) spiked to almost $120 per barrel – nearly...
We saw record loan volume last week, hitting a number of locked loans we have not seen since 2022. Then…it all stopped. The reason, of course, was the Iran war – which threatens the distribution...
CONTACT
Guaranteed 60-minute responses during operating hours
Resume from where you left off. No obligations.
