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All-Time Low Mortgage Rates? Not Exactly…

by Jacob Lilley | Oct 16, 2020 | Blog, Home Buying, Mortgage Rates

Have you heard the one about “all-time low” mortgage rates?  It’s been in the news quite a bit over the past two weeks, but it’s massively misleading.  Rates are definitely not at all-time lows, although they’re close in some cases. ...

Interest Rates Increasingly Focused on Stimulus

by Jacob Lilley | Oct 9, 2020 | Blog, Mortgage Rates

The bond market, which drives interest rates, is in the habit of reacting to big developments that impact the economy and inflation. At present, bonds are forced to wait for several such developments, but only one of them might come into focus this month. The...

Rates Ignore Trump’s Covid Diagnosis. Has The Bond Market Gone Crazy?

by Jacob Lilley | Oct 2, 2020 | Blog, Mortgage Rates

After weeks of incredibly subdued volatility, the bond market (which dictates rates) is starting to show some signs of life, but not for the same old reasons. Inflation? Inflation is one of the oldest and most significant reasons to freak out about interest rates.  It...

Stellar Housing Data; Refresher on New Refi Fee

by Jacob Lilley | Sep 25, 2020 | Blog, Mortgage Rates

The pandemic has proven to be a powerful source of motivation for the housing market. After grinding to a halt in March and April like the rest of the economy, home sales and prices have bounced back with a vengeance. Several monthly housing-related reports were...

Here’s What The Fed’s 0% Rate Outlook Means For Mortgages and Housing

by Jacob Lilley | Sep 18, 2020 | Blog, Mortgage Rates

Mortgage rates are most influenced by the bond market and the bond market is most influenced by the Federal Reserve (aka “The Fed”).  So when the Fed says it expects rates to be “zero” at least until the end of 2023, does the same go for...
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GoPrime Mortgage, Inc. is a mortgage lender. NMLS ID # 69551.  Arizona Mortgage Banker License No. 0942646. Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act.  For licensing information, go to: www.nmlsconsumeraccess.org. Not licensed in all states.