Market News

This past week was a classic example of how good news means bad news for bonds and home loan rates. A little trade deal with Japan, solid housing numbers, and hopeful news on the... »
Read More of the post Bullard Wants More

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... »
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... »
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... »
Read More of the post Too Much of a Good Thing

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... »
Read More of the post Fed vs. Recession

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

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

This past week, Fed Chair Jerome Powell reaffirmed the Federal Reserve's dovish position as he testified on Capitol Hill, thereby paving the way for the first Fed rate cut in 10 years later... »
Read More of the post A Slow News Week Ahead

“It's like watching paint dry.” That was this past week as financial markets around the globe traded in a bit of a calm, sideways pattern ahead of arguably the most important economic event of... »
Read More of the post Calm Before the G20 Storm

What a difference a month makes. In May, stocks fell sharply, and interest rates declined each week. June has been a different story. The Fed has signaled rate cuts are likely coming. Stocks... »
Read More of the post Rate Decline Stalls

"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

"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

The biggest story in the financial markets and around the globe is the ongoing US/China trade negotiations. At the moment, there is no resolution and it appears there will be no resolution for at least several... »
Read More of the post Trade With China Causes Uncertainty

The Census Bureau recently reported a homeownership rate of 64.2% in the first quarter of 2019, up from the 10-year low of 63.7% in the first quarter of 2015. A recent study by LendingTree... »
Read More of the post Americans Favor Owning

"Transitory" — defined as non-permanent or lasting a very short time — is the word Fed Chairman Jerome Powell used this week at the Fed Meeting to describe the current low inflation environment,... »
Read More of the post Is Low Inflation Finally “Transitory”?