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This past week the Federal Reserve cut the Fed Funds Rate for the second time this year, lowering the rate to 2.00%. Remember that the Fed Funds Rate is a short-term, overnight rate that has little effect on home loan rates. Home loan rates respond to the trading activity in…
Read More of the post Three Things the Fed Said

This past week home loan rates ticked up sharply from the previous week leaving many wondering – have rates bottomed? For would-be homebuyers, real estate agents, and folks working in the housing industry, here are three things affecting home loan rates today and stories to follow in coming weeks and…
Read More of the post Stocks and Mortgage Rates Rise

Bonds and home loan rates hate good news. So, the influx of positive news abroad coupled with strong jobs data here in the U.S. pressured mortgage bonds lower and home loan rates higher. The main event, which helped Stocks and hurt home loan rates, included fresh progress on the U.S./China…
Read More of the post Too Much of a Good Thing

Fed vs. Recession Aug 23 2019

Home loan rates finished this past week essentially where they began, near 3-year lows. With all the chatter of a global recession and elevated fears that the U.S. will slip into a recession thanks to the recent inverted yield curve, why haven't rates improved further? Is the bond market telling…
Read More of the post Fed vs. Recession