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...
From MND: We publish daily coverage of mortgage rate movement and have done so for nearly 20 years now. It's a great place to quickly check in on rate trends and to get a sense of what's true and what matters. If you'd been checking in at any point in the past few...
Fed Chair Powell finally indicated today that it is time for rates to be lowered.....and the 10-year bond yield barely budged. The next Fed move is already priced into mortgage rates. Don't wait to buy just because you think rates might get better. Buy when you find...
Mortgage rates plummeted yesterday, making people wonder if the housing market will perk up for the rest of 2024. Getting a lower rate will be a nice sweetener, but buyers aren't going to overpay just because their payment went down a couple of bucks. Just the...
Boy are these guys going to be surprised if rates come down and nothing changes. The difference in rates might have the least to do with being locked in! Here is more of the psycho-babble - and this guy is a chief economist: Switching from a lower mortgage rate to a...
Yesterday, we saw a 6-handle again on the 30-year fixed rate mortgages, and it should come down a little more today. With there being virtually no upward pressure on pricing - the quartiles just turned slightly lower than last year - we could see the sales momentum...
We're breathing again! If it feels like we've been harping on the prospects for rate volatility in response to today's inflation data for several weeks (and we have), today is why. The Consumer Price Index (CPI) is the biggest reliable source of momentum for interest...
The pressure to do something to lower rates will be increasing, yet it doesn't occur to anyone that the gap between what homeowners paid vs. prices today is the real problem - and lower rates won't fix it. People can be “locked-in” or constrained in their ability to...
