Tag Archive for: mortgage rates

Mortgage Applications Down 30%; What Does It Mean For Borrowers? Refi Boom Coming?

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2020 = BEST YEAR EVER FOR MORTGAGE INDUSTRY The mortgage industry had its best year ever last year (over $4 trillion of funded loans), as rates fell to all-time lows […]Read More

14 Factors That Impact Your Mortgage Rate

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We often have buyers or agents ask: “What is your 15-year rate today?” Or “What is today’s interest rate?” We always respond by explaining there is “no single rate” because […]Read More

The Other Reason Housing Inventory Is So Low (Not What You Think)

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In the 1970s, when inflation was out of control, the press was always looking for scapegoats to blame like “middlemen” and “greedy businessmen” when the cause was really at the […]Read More

4% Rates By June? Bad News & Good News; No Meltdown Here

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I am always hesitant to predict rate-increases because they so often do not come about. But, because rates have increased over 1/2% over the last few months and because Barry […]Read More

Will Mortgage Rates Fall Again? What Are The Variables?

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I received numerous questions in regard to mortgage rates yesterday, e.g. Will they come down again? Should I lock now or wait? What do I think will happen? As always, […]Read More

Outlook On FHA Mortgage Rates In 2021

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The housing market has shown remarkable strength despite the challenges the COVID-19 crisis brought to the economy in 2020. The housing market has made a comeback primarily because of low mortgage rates spurred on by strong demand from homebuyers.Read More

Mortgage Rates Climbing As Predicted; “Average Rates” Are Often Very Misleading

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RATES UP 1/4% Yesterday, we were quoting rates a full 1/4% higher than what we quoted as recently as last week. Rates have been climbing despite negative economic news – […]Read More

Three Factors That Influence Your Mortgage Interest Rate

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The interest rate tied to your mortgage directly affects how much you are required to pay over the term of your loan. If you are considering purchasing a home, researching the market's current interest rate is essential. There are three major factors that can influence the interest rate you can lock in for your mortgage.Read More

Mortgage Rate Rules Out The Window; Confirmation Bias; Kool-Aid Mustaches, Sting-Rays & Snakes

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In the pre-internet days of the mid-1990s, we would call the “Bond Market Hotline” on the telephone (with a cord 😊) several times per day to see how the 10 […]Read More

Stocks Way Up & Rates Way Down – Very Unusual! Why?

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The stock market has been on a tear lately, with the Dow Jones index flirting with 30,000. This is amazing b/c the Dow dropped down to close to 19,000 as […]Read More

Rates Hit Another All-Time Low… Yawn; Why and Will They Go Lower?

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Rates edged lower again, allowing me to quote the lowest 30-year fixed-rate I have ever quoted (see our rates here). MARGINAL DROP/MARGINAL HELP FOR CONSUMERS Rates only fell marginally though, […]Read More

Rates Hit Record Lows – Again; Forbearance Effect On Credit

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FORBEARANCES, CREDIT, & ABILITY TO GET MORTGAGE FINANCING I recently blogged about how forbearances will affect credit and a borrower’s ability to obtain mortgages, pointing out how borrowers just out […]Read More

How Low Can Rates Go? Not Waiting To Refi

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One of the most interesting aspects of the COVID-19 crisis is its effect on interest rates. In “normal” times, mortgage rates correlate closely with the 10 Year Treasury Bond. In […]Read More

3.3 Million Unemployment Claims & Rates UP! Why? Lenders Misleading Borrowers

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3.3 million people filed for unemployment last week, shattering the previous record of 700,000 set in 1982. Normally, such news would send rates into a massive downward spiral – but […]Read More