The July jobs report just came out and it was very ugly. So ugly that the number of jobs created was negative instead of positive.… Read More »Mortgage Rates Catch a Break as Job Growth Goes Negative
Mortgage rates moved higher again today on the eve of the July jobs report. The monthly jobs report from the Bureau of Labor Statistics (BLS)… Read More »Mortgage Rates Move Higher on Jobs Report Defense
Perhaps this is just a psychological loss, but mortgage rates are now higher than they were a year ago. If you look at rates last… Read More »Mortgage Rates Are Now Higher Than They Were a Year Ago
Was reading about how Chase plans to hire a staggering 850 new Home Lending Advisors when I stumbled upon their mortgage rates page. I check… Read More »Chase Is Advertising Mortgage Rates With Nearly Two Discount Points to Keep Them Looking Attractive
At this point it seems abundantly clear. De-escalate and mortgage rates fall. Ratchet up the war talk and mortgage rates go up. The same seems… Read More »War De-escalation = Lower Mortgage Rates
Well, it looks like mortgage rates will continue to avoid the dreaded 7-handle. This time, thanks to a taco. Ultimately, the core driver of mortgage… Read More »Mortgage Rates Get Much Needed Relief Thanks to a Taco?
It’s been another bad week for mortgage rates. No surprise here. They continue to face upward pressure thanks to a protracted war that shows no… Read More »Mortgage Rates Narrowly Avoid New 52-Week Highs as Bond Yields Surge Higher
As expected, the Fed left rates unchanged this week, though there was an outside chance they were going to raise 25 basis points. It turned… Read More »Trump Says Warsh Wants Lower Interest Rates, But Has a Political Board
There’s an argument floating around that if the Fed hikes rates, long-term rates will move lower. That includes things like 30-year fixed mortgage rates, which… Read More »Do Mortgage Rates Need a Hike to Move Lower?
There are alarm bells ringing that mortgage rates are going back to 7%. I’m seeing articles, I’m hearing from housing doomers. Everyone seems to think… Read More »How Mortgage Rates Avoid a Return to 7%
