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Category: Newsletters

Housing is Normalizing, Not Dying; Nice Rate Rebound After Last Week’s Rout

In 2020 and 2021, housing boomed and rates plummeted at a pace that many considered to be unsustainable. 2022’s role is to take things back in the other direction. In other words, things are “normalizing” after a period of frenzied movement.  The normalization process can seem scary in cases where the thing being normalized was exceptionally…
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2022 is Already The Worst Year For Rates Since 1979

2022 has already had its fair share of bad news for mortgage rates, but this week was not to be outdone.  It began as just another reasonably bad week with rates moving moderately higher, but still safely under the recent 13 year high seen on the morning of May 9th.  But it ended with one of…
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Rates Bounce After 3 Weeks of Improvement; Prices Still Defying Gravity

By last Friday, rates had improved so much from recent highs that we were finally able to consider that 2022’s trend had shifted gears from “skyrocketing” to “sideways.” While that possibility can still be entertained, this week’s rates are definitely higher. Here’s how things look when we zoom in to just the past 6 weeks: Context…
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Mortgage Rates Are a Bit Higher (And Way Lower) Than You’ve Been Told

Mortgage Rates Are a Bit Higher (And Way Lower) Than You’ve Been Told Weekly Newsletter   It’s hard to avoid bad news about rising mortgage rates in 2022, but you can’t believe everything you read.  It is true that mortgage rates have been surging higher in 2022.  The most recent newsletter goes into greater detail about the…
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Stocks Are Suffering, But It’s Helping Rates Stabilize

Stocks Are Suffering, But It’s Helping Rates Stabilize Weekly Newsletter May 20, 2022 6:34 PM ET  In 2015 and 2018, the phrase “global growth concerns” was all the rage. The concept helped explain downward movement in stocks and rates that otherwise didn’t always have an immediate justification. Now in 2022, it’s time to bring it out…
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Best Week For Rates in Almost 2 Years, But There’s a Catch

Best Week For Rates in Almost 2 Years, But There’s a Catch Weekly Newsletter May 13, 2022 6:04 PM ET Mortgage rates have moved higher at the fastest pace in decades so far in 2022, but this week proved to be a refreshing exception.  To understand why, we first need to examine the relationship between stocks…
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The Fed’s Playbook is Already Out For Next Week And Rates Have Already Reacted

The Fed’s Playbook is Already Out For Next Week And Rates Have Already Reacted Weekly Newsletter Apr 29, 2022 4:24 PM ET The first few months of 2022 have seen rates rise at the fastest pace since the 1980s as a confluence of known issues collided with unexpected volatility due to the war in Ukraine. Known…
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