More Purchase Power For Homebuyers With New Conforming Loan Limits
New increases on conforming loan limits mean that you can expect to afford more for less when you begin shopping for a home. That’s... »
Read More of the post MORE PURCHASE POWER FOR HOMEBUYERS WITH NEW CONFORMING LOAN LIMITS
How Homebridge is Responding to COVID-19Jun 2 2020
Since the outbreak of COVID-19 in the United States 3 months ago, many of our normal routines have been altered on a collective level. Companies such as Homebridge are no exception. Throughout the... »
Read More of the post How Homebridge is Responding to COVID-19
A Lesson in Supply and DemandMay 8 2020
One week after home loan rates failed to improve further in the face of multiple bond-friendly stories, such as low inflation, high unemployment claims, and the Fed's continued commitment to purchase bonds, we... »
Read More of the post A Lesson in Supply and Demand
Stabilization in the MBS MarketApr 25 2020
One of the major effects of the coronavirus was the enormous destabilization of the mortgage-backed securities (MBS) market back in mid-March.
MBS pricing and trading activity determine home loan rates, so a big and... »
Read More of the post Stabilization in the MBS Market
The Unemployment Line is GrowingApr 17 2020
The leading indicator on the health of the job market is the Initial Jobless Claims report, which essentially tells us the length of the unemployment line. And that line just grew.
Over the past... »
Read More of the post The Unemployment Line is Growing
Coronavirus Fallout to Hit HomeownersApr 3 2020
The Coronavirus has impacted millions of Americans across the country due to job loss and furloughs making it difficult, and sometimes impossible, for homeowners to make their mortgage payments.
The U.S. government has stepped... »
Read More of the post Coronavirus Fallout to Hit Homeowners
Rates Decline AgainJan 31 2020
The coronavirus outbreak in China continued to grip the financial markets this week. The total affected and number of deaths rose sharply throughout the week suggesting the virus is not yet contained.
Stocks hate... »
Read More of the post Rates Decline Again
The Good News ContinuesJan 10 2020
This past week, we watched home loan rates tick modestly higher and retreat from three-year lows.
Why? There are three main reasons:
U.S and Iran. On Wednesday, the de-escalation of tensions between the U.S. and... »
Read More of the post The Good News Continues
Changes That Could Affect RatesDec 6 2019
There are rumors that our Fed is considering an idea to abandon its present 2% target rate for inflation in favor of a floating target where inflation would be allowed to rise above 2%... »
Read More of the post Changes That Could Affect Rates
A Great Housing BackdropNov 22 2019
That famous line describes the current wonderful backdrop for housing and the overall U.S. economy. Many are wondering what lies ahead for housing as we enter 2020.
There are many reasons why the U.S.... »
Read More of the post A Great Housing Backdrop
A Goldilocks EconomyNov 15 2019
“Looking ahead, my colleagues and I see a sustained expansion of economic activity, a strong labor market, and inflation near our symmetric 2% objective as most likely.”
– Fed Chairman Jerome Powell, November 13,... »
Read More of the post A Goldilocks Economy
How Fast Rates Can ChangeNov 8 2019
Right now, the biggest news story to follow is the U.S. and China trade negotiations.
This past week, home loans started inching higher but were "saved" momentarily midweek when reports came out suggesting a... »
Read More of the post How Fast Rates Can Change
The Remedy for Higher RatesOct 25 2019
This past week home loan rates were essentially unchanged from the previous week, breaking a trend of higher rates since the beginning of October.
Bonds hate good news and there is still plenty to... »
Read More of the post The Remedy for Higher Rates
Stocks and Mortgage Rates RiseSep 13 2019
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... »
Read More of the post Stocks and Mortgage Rates Rise
Indecision Ahead of Huge News WeekJul 26 2019
The U.S. Bond market traded in a tight sideways range, leaving home loan rates essentially at unchanged levels week over week. However, the technical picture reveals Bond market indecision as prices trade near... »
Read More of the post Indecision Ahead of Huge News Week
Summer Sideways Trend ContinuesJul 19 2019
This past week had little economic data for the financial markets to react to. As a result, home loan rates have inched higher though they remain near multi-year lows.
It is normal to see... »
Read More of the post Summer Sideways Trend Continues
Fed Cuts and Home Loan RatesJun 7 2019
"Let the good times roll" (The Cars) — For the sixth consecutive week home loan rates declined, once again fueled by the ongoing trade tensions between the US and China.
However, the decline in rates... »
Read More of the post Fed Cuts and Home Loan Rates
Homebridge Financial Services, Inc. Acquires Majority of HomeStreet Bank’s Stand-Alone Home Loan CentersJun 5 2019
In a move guaranteed to increase Homebridge Financial Services, Inc.’s robust mortgage lending services, Homebridge has acquired the assets of a majority of HomeStreet Bank’s stand-alone home loan centers. HomeStreet Bank is a... »
Read More of the post Homebridge Financial Services, Inc. Acquires Majority of HomeStreet Bank’s Stand-Alone Home Loan Centers
Interest Rate DisconnectMay 31 2019
"Sell in May and go away" — an old Wall Street investment strategy which suggests not owning stocks during the Summer months.
That investment strategy certainly worked this past May as stocks declined each... »
Read More of the post Interest Rate Disconnect