Big week upcoming for Mortgage rates

On Monday the 10-year treasury note went over 5%. Why is that significant? Well for all the sophistication that the financial system claims to have it’s remarkable how much a simple round number can impact things. There is no technical importance of 5% it’s just 5% sounds like a lot and that is why it […]

World Tension Causes Rates to Fluctuate

I hope everyone enjoyed those two days last week when rates briefly dipped. All of that is in the rearview as we enter this week with rates marching back up again. Most likely the brief drop was due to the conflict in Israel. Normally when major geopolitical events break out you will see money go […]

Rates Head Lower After Reaching Crucial Level

Just in time for the holiday weekend it’s a new market update! I hear it makes for a perfect beach read. If you remember my last update I mentioned that rates were at an important level. They were at the highest since last October and if rates continued to increase past that level then things […]

Mortgage Rates Match The Highs of Last Fall

If I can borrow (and slightly change) a saying, the rates will continue to increase until morale improves. Why do rates just seem to keep going up and up? To be honest this recent move is a bit head-scratching to me. Normally the catalyst for rate movements has been the jobs reports and inflation data. […]

Anyone feeling whiplash?

So is your neck sore from the whiplash of interest rates or is just mine? After months of interest rates being fairly steady we’ve experienced a lot of volatility recently. So what gives? First lets dispel the headline, Fitch Rating’s downgrade of US debt isn’t responsible for the recent increase in rates. Fitch Ratings is […]