Trump is urging Powell to lower rates, and the Fed chief is going to cave. Powell will lower the rates. I guarantee it. He's going to lower his Fed rate by 1/4%, and say, "There you go!" This is 2025, and we're in Flat City. There is no help coming. Homes for sale are...
So much for lower rates! https://www.mortgagenewsdaily.com/markets/mortgage-rates-04072025 We're not in a buyer's market is because sellers have to agree to it AND move down on price - if they don't, then the market is just loitering. Sellers have the right to hold...
Mortgage rates rose today by about as much as the Fed lowered - just like last time! If anyone needed any further convincing that a Fed rate cut is no guarantee of lower mortgage rates, today is a great piece of evidence. Perhaps "great" is the wrong word. There was...
Nice improvement in mortgage rates recently. You can get into the low-6s again by paying a point or two! In the last 90 days, there have been 433 sales between La Jolla and Carlsbad, and the median days-on-market was 26 days. More than half sold in less than a month,...
Mortgage rates are going to be sticky. A good solution for buyers is to do a 2/1 buydown on their rate today. They get the benefit of lower-than-market rates for the next year or two while waiting to refinance once rates drop - and if they don't drop, at least you get...
By the smallest of margins, mortgage rates are back up to levels last seen in July. That means we've gone from being fairly close to 6% in mid-September to being nearly as close to 7% today when it comes to top tier 30yr fixed scenarios for the average lender. Today's...
The Fed did their half-point drop on September 18th, and since then the 10-year yield been rising. Mortgage rates may or may not come down - in spite of what the Fed does. Buyers who are waiting until next year because they think rates will be lower could be...
We are trying to reach audiences in different places - this will end up on Instagram - but I like playing them here too for those who prefer videos even though we acknowledged last week that the Fed cut is a nothing-burger for now. Every message has it's own...
Hat tip to Jorge who sent in this interview with Jeffrey Gundlach, the prominent bond trader who speculates with confidence on the Fed's half-point cut and what it means for the markets. He speaks quite knowledgeably about everything except the future of the housing...
