Daily Rate Update: February 1st-5th

Friday – February 5, 2021 January Non-Farm Payrolls rose by just 49K while December was revised lower to -227,000 from -140,000. The BLS reports that in ‘January, notable job gains in professional and business services and in both public and … Read More

Is It A Good Time To Sell Your Home?

It is a seller’s market. Last year, buyer demand went up due to low mortgage rates. Due to the lack of inventory, home prices went up as well. On the other side, last year lent itself to a huge refinance … Read More

Daily Rate Update: January 25th-29th

Friday – January 29, 2021 Inflation pressures rose in December as Fed members look for a general increase in prices and fall in the purchasing value of money. The Fed’s favorite inflation gauge, the Core PCE, rose 1.5% annually in … Read More

COVID Can Not Stop Housing

Today the National Association of Realtors reported existing home sales for the month of December were at 6,760,000, a beat of estimates. This also closed the books on 2020’s housing market as we finished out the year at 5,640,000 total existing-home sales — a … Read More

Daily Rate Update: January 11th-15th

Friday – January 15, 2021 Consumer spending fell in December as a rise in virus cases kept shoppers away from stores. Retail Sales fell 0.7% versus the 0.2% loss expected in December after losses seen in October and November. This … Read More

Daily Rate Update: January 19th-22nd

Friday – January 22, 2021 The U.S. housing market continues to be a stronghold for the economy as positive data hit the airwaves. The National Association of REALTORS® (NAR) reports that Existing Home Sales in December rose 0.7% to an … Read More

Inflation: The Problem & The Opportunity

With the House, Senate and White House now held by the Democrats, sharply higher government spending is forecasted and this bring problems for the bond markets. More stimulus does three things bonds do not like which is more supply, higher … Read More

Daily Rate Update: January 4th-8th

Thursday – January 7, 2021 Home borrowing costs hit fresh record lows this week and continue to buoy the housing market. Freddie Mac reports that the 30-year fixed-rate mortgage fell to 2.65% this week with 0.7 in points and fees, … Read More

What’s In Store for 2021

Happy New Year and Happy Housing Market! We are in for an interesting year for both buyers and refinancers. In 2020, mortgage rates hit record lows 16 different times. It felt like the never-ending email blast, “Rates Drop Again!”. Many … Read More

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