Mortgage Interest Rates
By Ryan Casey Stephens, FPQP®Special Contributor This is one of those funny weeks where nothing happens, then everything happens all at once. Data-packed holiday weeks can cause havoc in markets since traders don’t have much time to digest the readings and reports coming in. With any luck though, we’ll get some positive figures, and the…
Read More
By Ryan Casey Stephens, FPQP®Special Contributor If we’re going to see a real estate recovery this year, we need to radically improve affordability. The good news is it’s only the second full week of the year, and things are already off to a solid start. Mortgage rates have fallen nearly half a percent since New…
Read More
By Ryan Casey Stephens, FPQP®Special Contributor Each week in December we’ll take a deep dive into one report that moves markets and impacts mortgage rates. Lower unemployment claims mean more people are employed, doesn’t it? And isn’t it true that a higher rate of employed Americans means we have a healthier economy? What do unemployment…
Read More
By Ryan Casey Stephens, FPQP®Special Contributor Wall Street looked to the midterms last week for salvation, only to find disappointment. Investors wished a decisive red wave would provide some much-needed predictability, but their hopes were dashed. By the end of Wednesday, the picture looked bleak, but Thursday brought the reprieve we all needed. Now that…
Read More
By Ryan Casey Stephens, FPQP®Special Contributor The events of the second half of last week left mortgage lenders nationwide in a state of shock. Experts were almost unanimous in the hope we’d see lower mortgage rates this week following another Fed rate hike, but we received quite the opposite. In the span of two days,…
Read More
