Tag Archive for: interest rates

1% Drop In Rates Brings 5 MILLION Buyers Into the Market; The Real Crash: Interest Rates

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Joe Brown, Jeff Snider and Stephanie Pomboy spent the weekend just shredding Friday’s BLS jobs “positive” report. They pointed out how full-time (as opposed to part-time) job numbers are actually falling; how wages are flat (they’d be increasing if the labor markets were actually tight); how the BLS estimates are suspect and constantly getting revised; and how many of the jobs created were part-time, 2nd, or government jobs. In other words, the BLS is full of BS.Read More

Why Stocks Will CRASH This Month; Rates EXPLODE to NEW RECORD HIGH!

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The internet is abuzz with predictions of an imminent stock market crash because today’s charts parallel the charts from 1987 and 1929 so closely. Read More

Rates Hit New Record; Credit Card Stimulus; Rosenberg Says Today = 2007; Dollar Is Surging; CA Insurance Crisis; Thank God I Was Stupid In 1995

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Mortgage rates hit a new 23-year record high today partially in response to initial jobless claims coming in lower than expected. Rates increased because investors know how much the Fed focuses on employment. But, I only wish the Fed would read my blogs about how unemployment only jumps after we are in a recession.Read More

Why I Was So WRONG About Rates; Why It Matters So Much

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If you google “wrongness,” you’ll see a picture of me screaming “Rates will fall by March of ’23!” I am wrong a lot actually and am not afraid to admit it because it makes for great learning and blog fodder. For example, I was wrong about when rates will fall, and I was wrong when I said that the Fed would not raise rates again after its June pause.Read More

Putting the Airbnb “CRASH” Into Perspective; Rates Hit New Record High & Will Go Higher!

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Mortgage rates hit a new 23-year-high today in response to more inflation fears and nervousness about this week’s economic releases. I listened to several analysts over the weekend say that they think rates could climb another 0.25% or more before settling down, or before investors remember that the Fed is wrong.Read More

Rates Shoot Dangerously High After Fed Said Rates Would Hold; What Gives?

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I spent ALL morning thinking about chunky highlights; gaucho pants; “wide-ass belts"; swoopy, floppy hair; wide headbands – and many other things that were cool in 2007, but aren't cool now! My 2007 obsession was fostered by the fact that the 10 Year Treasury Yield hit a level we have not seen since that glorious year (you should have seen my chunky highlights!)Read More

Buyers Waiting For Rates to Drop (Solutions); It’s “Fed Day” too!

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There are approximately 735 million buyers (give or take 734 million) on the fence right now, "waiting for rates to come down" - before they buy.Read More

Assumable Mortgages; How to Get a 3% Mortgage in a 7% World

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A startup called Roam was all over the news yesterday because they just got startup funding. Roam’s founder says his new company will find and advertise home listings attached to attractive assumable mortgages… and I thought good gravy (again). This is actually a double good gravy news item, given all the airplay it got, and given how trivial it is.Read More

When Will Mortgage Rates Drop?

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Mortgage Rates Will Drop 2% On January 8, 2024! Or not, because nobody has a clue what will actually happen. A recession was delayed due to stimulus, but it is coming, and rates will fall – likely sometime between October and Q1 of 2024.Read More

Why So Many Lenders Have Rates Below the National Average (it’s not what you think)

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We got the JOLTS report yesterday and the ADP report today, and among other things, we are seeing: (1) slower job creations; (2) the creation of part-time jobs instead of full-time jobs, making new jobs data much less rosy; (3) the double counting of new jobs because of the way openings are posted online; (4) “quiet cutting” where employers shift employees into lower-paying jobs; (5) much less job switching; and (6) less confidence in employers, based on employee surveys.Read More

Big Short Guys Not Shorting! Excess Bond Supply NOT Pushing Up Yields; Fed Does Not Control Interest Rates

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Here are a few random but very important points. BIG SHORT GUYS ARE NOT SHORTING HOUSING! In this recent Milkshakes Markets Madness podcast, famed macro analyst and fund manager Brent Johnson mentions that […]Read More

What Happened To The Jumbo Loan Market? Why You Should Be Worried!

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Agents and loan officers dependent upon jumbo mortgages should be worried – very worried! But, before I explain why, I want to touch on rates today, as they are lower […]Read More

Mortgage Rates Hit New High; Causes? When Does It End?

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Why I Know High Rates Won’t Kill Us The average mortgage rate today is 7.20%, per the Mortgage News Daily, the highest rate we have seen since November of last year. I […]Read More

Fannie’s Greatest Hits; First-Time Buyers Don’t Get Hit! Watch For Hidden Points!

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In February, I blogged about Fannie Mae’s Greatest Hits, referring to all of the things that can impact an individual’s interest rate. These things include credit score; loan amount; property […]Read More