Interest rates are low! Just how low depends on the rate in question. For instance, longer-term rates like those for fixed-rate mortgages and 10yr US Treasuries are as low as they've been since November 2016. Shorter-term rates are another story. 2yr Treasury...
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Fed Confirms Market’s Hopes, But There’s a Catch
This week's policy announcement from the Federal Reserve (aka "The Fed") was hotly anticipated. In the past month and a half, traders have rapidly upped their bets on multiple Fed rate cuts in 2019 as trade tensions flared. Softer economic data only added fuel to the...
GVLT Trails Challenge
Summer is on its way here in Bozeman. For most of us that means a lot of fishing, biking, and hiking is also on its way. Most folks know of the great fishing around us, whether it’s the three forks of the Missouri to our west or the Yellowstone to our east. Maybe not...
Low Rates Lighting a Fire Under Housing/Mortgage Markets
You've heard of time healing all wounds, but what about low rates healing the mortgage and housing markets? It's not that either was particularly distressed, but both have benefited in a major way from the recent drop in rates. Just as important as the drop itself has...
Time For the Next Refi Boom?
There are refi booms and then there are refi booms! Numbers were never higher than they were during several weeks in 2009 and they were never "extremely elevated for nearly 2 years" like they were from August 2011 through May 2013. It would take some doing to get back...
Another Wild Week Leaves Rates at Long-Term Lows
Financial markets went on a fairly wild ride last week as downbeat manufacturing data combined with geopolitical news to lead a reversal in stocks and bonds. The current week brought just as much volatility by Thursday, but Friday took everyone by surprise--at least...
Rates Near Lowest Levels in Over a Year
Last week saw an unexpected drop in rates as trade war headlines rocked financial markets. Things looked set to calm down this week, but the drama continued. This time around, mortgage rates were able to keep slightly better pace with the broader bond market. The...
Why Aren’t Mortgages Falling as Fast as Other Rates?
10yr Treasury yields are widely thought to dictate mortgage rate movement. This week's trade war headlines caused plenty of volatility and a general decline in Treasury yields, but mortgage rates had a hard time keeping up. Before we get to the finer points of...
Big Bounce in Home Sales And What it Could Mean For Prices
It was an action-packed week for financial markets. Earnings were in full swing. There was a ton of economic data to digest. And of course, there was the Fed announcement and press conference to cause volatility from Wednesday afternoon on. But one of the most...