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. ... 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... 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... 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... 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... by Jacob Lilley | Sep 11, 2020 | Blog, Home Buying, Mortgage Rates, Refinancing
If you’re in the mortgage process currently or if you will be soon, there is a tremendously important development to be aware of. The net effect is that rates are about to go up and, in some cases, they already have. The culprit is the new “adverse... by Jacob Lilley | Sep 4, 2020 | Blog, Mortgage Rates
Almost everywhere you look, low mortgage rates are in the news. Experts are claiming they’ll remain low or move lower for years to come. They might be right! But that doesn’t necessarily mean you should wait to refinance or to lock your rate if... by Jacob Lilley | Aug 29, 2020 | Blog, Mortgage Rates
There are several major developments in the mortgage world recently, and they’ve generated a bit of confusion. So let’s clear it up! I heard rates were 1.99%. What’s up with that? Ever paid more upfront in exchange for lower cost over time? ... by Jacob Lilley | Aug 21, 2020 | Blog, Mortgage Rates
Several new reports confirm the housing market is soaring right now, but the headlines don’t tell the whole story. On Friday, the National Association of Realtors (NAR) reported July’s existing home sales came in at an annual pace of 5.86 million homes. ... by Jacob Lilley | Aug 14, 2020 | Blog, Mortgage Rates
Some mortgage companies have generated buzz by advertising 30yr fixed rates of 1.99%. While it is possible to obtain such a rate, there is definitely a catch. Rates are certainly low in the big picture. Up until this week, they were as low as they’ve ever...
