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Last Week in Review: Fed says Zero – Rates Improve About every six weeks the Federal Reserve meets and decides whether to make potential changes to the Fed Funds Rate, an overnight lending rate. They also release their Monetary Policy Statement which includes the reasoning for their action or inaction. This past week, it was Fed […]

Last Week in Review: Four Reasons Why Rates are on the Rise This Week This past week, home loan rates ticked a bit higher from their best levels in U.S. history. More importantly, this increase in rates may be the start of a trend in higher rates. Here’s four reasons why rates rose and why they […]

Last Week in Review: All-Time Low Home Loan Rates This past week, Freddie Mac reported the 30-year home loan rate hit an average all-time low of 3.15%. As the unofficial start of summer has begun and states continue to reopen, this is welcome news, but there is even more to the story. Refinance activity remains elevated […]

Last Week in Review: Three Trends to Follow as Summer Begins As the unofficial start of summer began with the Memorial Day holiday, there are three trends worth following which may determine how the economy moves past the coronavirus. The reopening. Most states have begun to open up in some form. A few states have been open […]

Last Week in Review: Fed Speak Shakes Markets Home loan rates remain near historic lows and have stabilized, thanks mainly to the Federal Reserve, as the central bank continues to purchase mortgage-backed securities on a daily basis. The Fed also helped rates this past week in another way, but it may have been unintentional. Fed […]

Last Week in Review: Oversupply of Bonds and Unemployment 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 watched home loan rates tick up this past week. Why? Oversupply. The U.S. Treasury […]

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Last Week in Review: Is This the Bottom? Home loan rates continue to hover near all-time lows, but there are three reasons why they should have improved but didn’t. Let’s take a look at some of the “Bond-friendly” news from this week that was unable to push mortgage-backed security (MBS) prices higher and home loan rates […]

Last Week in Review: Stabilization in the MBS Market 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 fast solution was necessary. Thankfully, the Federal Reserve quickly came to the rescue […]

Last Week in Review: The Unemployment Line is Growing 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 four weeks, approximately 22 million people have filed for unemployment benefits, erasing nearly […]