By some measures, housing and mortgage markets took a turn for the worse in 2018. Some of the weakness can be thought of in a positive light (i.e. housing "catching its breath" after a strong run). But the rest of the weakness raised questions as to how deep the...
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Lowest Rates in a Year, And They Could Go Even Lower. What Changed?
The last 2 months of 2018 marked a solid run for mortgage rates. December was particularly good, with rates falling at the fastest pace in at least at least 4 years. Balance that against the fact that early November saw the highest rates in more than 7 years! It's not...
Why We’re Seeing Huge Moves in Home Sales, Prices, and Rates
Brace yourself. There's a lot to unpack this week. When it comes to factors affecting home sales, rates, and markets in general, we've rarely seen such a combination of complexity, uncertainty, and unpredictability. Home Sales Shocker After being delayed for several...
Housing Market Weakness Depends on Perspective
This week's biggest housing-related headline was the drop to a 3-year low in Existing Home Sales. This is just the latest in a series of reports that suggests housing has turned some sort of scary corner. But drawing the line between fear and reality can be a matter...
Is This The Last Chance for Low Rates?
Interest rates have enjoyed several months of prosperity without any major bounce back toward higher levels, but that might be changing as of this week. Could this be the last time we see rates this low for a while? The answer depends on the definition of 'a while.' ...
Does Housing Care About The Shutdown?
As long as we're talking about government shutdowns that last a few weeks, past precedent is highly informative, but the longer the current shutdown continues, the more we'll be in uncharted territory. This is especially true for the housing market. The only relevant...
Is Everything Already Changing in 2019?
It was a long December for the stock market, which had its worst month since the financial crisis (in terms of % change). Meanwhile, interest rates had their best month since June 2016. The size and direction of those moves caused speculation about a big reversal at...
Big Risks and Opportunities Heading Into The New Year
2018 has been an interesting year to say the least. Stocks hit all-time highs and are now in the midst of their worst month on record in terms of outright losses. Rates hit their highest levels in at least 7 years but have fallen fairly quickly heading into the end of...
What’s Up With Market Madness After Fed’s Rate Hike?
Last week we discussed the possibility of mortgage rates continuing to fall despite the near certainty of this week's Fed rate hike. That's exactly what happened, but it was the move in stocks that got the most attention--not a surprising result given the following...