Tag Archive for: Jeff Snider

Europe Raised Rates By 1/2%, and Rates FELL

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The European Central Bank (ECB) raised its short-term rate (its equivalent to the Fed Funds Rate that the Fed raises here in the U.S.) by a full 1/2% yesterday. It shocked many observers because Europe is facing a banking crisis that is potentially much worse than what we face here in the U.S. (for reasons I won’t go into for brevity’s sake).Read More

Why Is The Fed SO DETERMINED To Push Rates Higher? (Not What You Think)

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What Is the United States’ Most Powerful Weapon? 1. It’s Ohio-class nuclear-powered submarines? 2. It’s B83 nuclear bombs? 3. It’s Tomahawk cruise missile? 4. It’s AC-130U gunships? Or 5. It’s […]Read More

Inflation Concerns Push Rates Up – Opposite of My Predictions

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Mortgage applications fell precipitously recently in direct response to a rise in interest rates. We have seen the opposite effect too over the last several months in response to falling […]Read More

Recession Coming Soon – DESPITE A STRONG JOBS REPORT!

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“IF A RECESSION IS COMING, HOW DO YOU EXPLAIN THE STRONG JOBS REPORT?” That was an email I received this morning from the most prominent voice/blogger in the mortgage industry. […]Read More

Is the U.S. Dollar Going to Die? Does It Matter?

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At some point the U.S. Dollar will likely crash and lose its reserve currency status – sending the entire U.S. economy into a tailspin. Throughout history, the world’s most powerful […]Read More

Inflation DOWN; Rates UP; What Gives? Housing Inventory Still Tight

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15 Degrees Last Night in Austin, TX This has nothing to do with mortgages, but I have to share it because I find it so interesting.  Austin saw a low […]Read More

Inflation Down; Rates Down & More To Come; The Fed Does NOT Control Interest Rates

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Inflation (CPI) reports came in lower than expected yesterday – and that pushed rates lower because inflation expectations are probably the biggest single driver of interest rates. According to this […]Read More

Surge In Contracts, Pre-Approvals, And Returning Clients

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Rates fell again today, exactly like macro pundits Jeff Snider and Barry Habib have been predicting for about a year now. Once again – they both told us earlier this […]Read More

THIS IS HUGE! Inflation & Rates PLUMMET!

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Inflation Came In Cool – Exactly As Barry Habib And Jeff Snider Predicted! In 2021, I told a group of mortgage bankers at a lunch how and why rates were […]Read More

Inflation RED HOT! Rates WAY UP! Relief On The Way?

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Today’s inflation report (Consumer Price Index/CPI) came in much hotter than expected and rates shot through the roof in response. BUT – as Barry Habib (of MBS Highway fame) has […]Read More

Barry Speaks! Fed Disdain; Recession & Low Rates Coming; Housing Will Be Fine

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Barry Habib reminds us that it is inflation that is driving higher rates, but that it will peak in October and start to fall for two reasons: (1) today’s higher rates are destroying demand across the board (I again suggest watching the video for his full explanation); and (2) supply chains will be untangled and working by then, eliminating shortages.Read More

How High Will Rates Go Before Falling? What Will Be The Catalyst?

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“The 10 Year Treasury yield will be north of 4% by the end of the year.” So says Joseph Wang, a former Federal Reserve insider and monetary expert, who was […]Read More

Inflation & Rates Increase But Industry Experts Still Bet On Low Rates

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The current surge in commodity prices such as wheat, nickel, copper, and oil is fostering doom and gloom predictions – of mass shortages and runaway inflation. So, in light of that, why is Raoul Pal, the founder and CEO of “Real Vision” buying bonds in a bet that interest rates will fall? Pal thinks higher prices will crush demand and that a recession is looming.Read More

Attention Nervous Homebuyers: Rates Likely to Fall! Dr. Lacy Hunt Explains

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Even though rates are still lower than where they were in 2018 (and for much of the last 10 years), homebuyers are still often very upset that rates have climbed so much in recent months. We frequently remind readers that homebuyers stress too much about rates in any case because so few of them keep their loans as long as they think they will (usually less than 7 years).Read More