Category: Newsletters

The market came into the week with a big focus on the scheduled policy announcement from the European Central Bank (ECB).  While our focus remains on mortgage rates in an entirely different continent, major goings on in European markets almost always have an effect on the equivalent U.S. markets. That would prove true on several…
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Without a shadow of a doubt, the average lender’s mortgage rates are noticeably higher this week versus last week, with Friday being the worst of the bunch.  Despite that fact, there were multiple news stories this week regarding a massive DROP in rates.  What’s up with that? Before we continue, you may wonder who you…
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Mortgage rates have been volatile in 2022. Most of that volatility has played out in the form of higher rates. The past 2 weeks have been a notable exception. To understand why this is happening, we first need to consider that higher inflation means higher rates.  It was easy to forget that for most of the…
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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 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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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 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 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 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 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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