Tag Archive for: economic news

Everything Lags…Making The Media & The Fed Wrong (AGAIN)

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In 1992, the rock band R.E.M. released the annoying song, Everybody Hurts. And, sensitive Gen Xers everywhere played it loudly and proudly on their Sony Walkmans and boomboxes to prove just how sensitive they really were (and they were sensitive!). But, fortunately for us, Michael Stipe retired from R.E.M. so he could watch macro videos […]Read More

The 6 Forces Driving Interest Rates

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  THE THREE FORCES DRIVING RATES The mortgage industry’s primary voice/blogger, Rob Chrisman, recently wrote this: “There are three forces driving mortgage rates these days: uncertainty about the effects of the pandemic drives money to the safety of fixed income securities (mortgage bonds) moving rates lower; inflation fear backed by data moves rates higher, and […]Read More

What Does Trump’s Win Mean for Mortgages and Markets?

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As we mentioned in “State of Rates,” rates increased sharply after Mr. Trump was elected. In the shorter run, we can expect rates to remain where they are or to continue to edge higher, unless significant negative economic news surfaces. Longer term, rates are expected to rise, but we have seen this prediction dashed time […]Read More